The PayPal Cashback Mastercard is a credit card offered by Synchrony Bank in partnership with PayPal, designed to cater to individuals who frequently engage in online transactions and seek cashback rewards. This credit card seamlessly integrates with the PayPal platform, offering users a convenient and rewarding experience.
In conclusion, the PayPal Cashback Mastercard is a reliable choice for individuals who prefer the convenience of PayPal and desire a straightforward cashback rewards system. With competitive cashback rates and no annual fee, it appeals to a broad audience, especially those who frequently engage in online transactions. However, potential users should consider the foreign transaction fees and credit score requirements before applying.
PayPal Cashback Mastercard
Welcome Bonus
N/A
N/A
Annual Fee
$0
Annual Rewards
Earn 3% cash back on PayPal purchases
and 2% on all other purchases
Rewards on Approval
N/A
Interest rates
Purchase Rates
20.24%
Cash Advance Rates
32.24%
Balance Transfer Rates
20.24%
Table of Contents
PayPal Cashback Mastercard
The PayPal Cashback Mastercard is known for its straightforward cashback rewards structure, providing users with a percentage of cash back on every eligible purchase made with the card. It is an ideal choice for those who prioritize simplicity and want to maximize their cashback earnings while utilizing PayPal for various transactions.
Pros
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Competitive Cashback Rates: The card offers a flat cashback rate on all eligible purchases, providing users with a reliable and predictable rewards system.
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No Annual Fee: One of the notable advantages is the absence of an annual fee, making it an attractive option for those seeking a cost-effective credit card.
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Seamless Integration with PayPal: As expected, the card is tightly integrated with the PayPal platform, making it convenient for users who frequently use PayPal for online transactions.
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Redeemable Cash Back: Accrued cashback rewards are easily redeemable and can be transferred directly to the cardholder's PayPal account or used for purchases.
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EMV Chip Technology: The card comes equipped with EMV chip technology, enhancing security and reducing the risk of fraud during in-person transactions.
Cons
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Foreign Transaction Fees: Users should be cautious when using this card for international transactions, as it incurs foreign transaction fees, potentially making it less cost-effective for frequent international travelers.
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Limited Bonus Categories: While the flat-rate cashback is convenient, some users may find other cards more rewarding for specific bonus categories, such as dining or travel.
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Credit Score Requirement: As with many credit cards, applicants generally need a good to excellent credit score to qualify for the PayPal Cashback Mastercard, potentially limiting access for those with lower credit scores.
Details & Eligibility
- N/A
- N/A
- N/A
- $0
- N/A
- Mastercard
- No
- 20.24%
- 32.24%
- 20.24%
- N/A
- N/A
- N/A
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