The new PayPal Cashback Mastercard Credit Card will give you unlimited 3% cash back on all of your PayPal purchases, unlimited 2% cash back on all of your other purchases, and a $100 cash back bonus on your first $500 spent for new card members, all with no annual fee.
Issued by Synchrony, the PayPal Cashback Mastercard is designed to give customers even more cash back when you shop with PayPal, as you’ll earn unlimited 3% cash back when paying with PayPal at checkout, including online, mobile and in-store purchases with PayPal QR code where eligible.
In addition to 3% cash back on PayPal purchases, you’ll earn unlimited 2% cash back on all of your other purchases with the PayPal Cashback Credit Card anywhere Mastercard is accepted.
To redeem your cash back rewards once they are transferred to your PayPal account, you can choose to make statement payments, make purchases from millions of retailers, send money to other PayPal users, or transfer funds to a linked bank account or debit card.
On top of that, new customers will earn a $100 cash back bonus on your first $500 spent for a limited time when you apply for the PayPal Cashback Mastercard Credit Card.
The PayPal Cashback Credit Card has no annual fee, no category restrictions, and it can even be added to your PayPal wallet for fast and secure checkouts.
The new PayPal Cashback Credit Card will soon be available to select customers who can apply through the PayPal app and www.paypal.com, and it will continue to roll out in the coming weeks.
Existing eligible PayPal 2% Cashback Credit Card holders will automatically be upgraded into the new 3% cash back card structure and can start earning higher cash back rewards whenever you use your card to checkout with PayPal.