PayPal 2% Cashback Mastercard

  • Global Moderator

    Posting this since the Citi Double Cash card was so popular on FW…

    PayPal Cashback Mastercard

    Enjoy 2% cash back on Every. Single. Purchase.

    Shop Everywhere
    Use your PayPal Cashback Mastercard to shop everywhere Mastercard is accepted. No purchase restrictions.

    Earn Cash Rewards
    Get 2% cash back* every day, every purchase, every time you use your card. No exceptions. No rotating categories to keep track of.

    Redeem Anytime
    Redeem Cash Rewards right to your PayPal balance** – start enjoying your rewards today! No redemption threshold.

    You must have an account with PayPal in order to apply for a PayPal Cashback Mastercard account. When you click “Apply Now”, you will be prompted to log in to PayPal. If you do not currently have an account with PayPal, you will need to open one to apply.


    • Get a credit decision in seconds.
    • No annual fee
    • No restrictions on the type of purchases you can make to earn cash back
    • No rotating categories to keep track of, just 2% cashback on every purchase, every day every where Mastercard is accepted
    • No stress - conveniently redeem your Cash Rewards directly into your PayPal balance
    • ID Theft Protection: Identity theft hurts, but Mastercard can help—for no extra cost. From scouring the internet to see if your personal info is being sold to helping you clear your name with credit rating agencies, we’re there for you, 24/7.
    • Microchip technology: EMV Chip Technology makes shopping more secure at chip-enabled terminals around the globe.


    ‡ Subject to credit approval. You must be at least 18 years old and reside in the US or its territories to apply.

    1- Purchases subject to credit approval. See Rewards Program Terms for details. To earn Cash Rewards, you must have an open PayPal Account in good standing to which your Card Account is linked. If your PayPal Account is closed for any reason, or if your Card Account is no longer linked to your PayPal Account, your Card Account will be closed and any Cash Rewards earned, but not redeemed, will be forfeited.

    2- For New Accounts: Variable Purchase APR is 21.49%, 25.49% or 28.49%. The APRs are accurate as of 11/1/2019 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $1.50 for all types of cards in any billing cycle in which you owe interest.

    3- Important information on redeeming Cash Rewards to your PayPal balance: You need to have a PayPal Cash or PayPal Cash Plus account to have a balance. If you do not have one of those accounts, you can only transfer your Cash Rewards to your bank account or debit card linked to your PayPal account.

    The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

    Rewards Program Terms

    Mastercard Guide to Benefits

    Frequently Asked Questions



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