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PayPal Cashback Mastercard® Review 2023

PayPal Cashback Mastercard®
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PayPal Cashback Mastercard®
PayPal Cashback Mastercard®
Katy Ward
Apr. 27, 2023
3 min read
Katy Ward
PayPal Cashback Mastercard® Summary
Founded in 1998, PayPal is one of the best-known payment processing platforms in the world. The PayPal Cashback Mastercard enables you to earn 3% cash back on PayPal purchases and a generous 2% on all other purchases. Unlike many other providers, the company doesn’t charge an annual fee or limit the amount of cash back you can earn. It also automatically integrates with your PayPal account, so it’s really convenient to use.


  • No annual fee
  • No rotating categories or restrictions for cash back


  • Must have a PayPal account to apply
  • No consistant introductory offers

PayPal Cashback Mastercard® at a glance

Editorial score


No annual fee, has other fees


Accepts most credit


Mastercard security*, including Tap & Go® and 24/7 Identity Protection™

Customer service

Multiple communication options, wide range of hours

Online experience

User friendly site and app with detailed FAQs or help center

This is a paid review of the PayPal Cashback Mastercard. 

PayPal Cashback Mastercard® PayPal Cashback Mastercard® Learn More


PayPal offers a digital wallet and money management tools that allow you to make payments and send money worldwide. 

The PayPal Cashback Mastercard allows PayPal customers to earn generous cash back rates. Cardholders can earn unlimited 3% cash back when they shop with PayPal at millions of brands, including Target, Walmart, Apple, Wayfair and Nike. 

Suitable for?

PayPal doesn’t set a limit on the amount of cash back you can earn, which means this product could be an excellent choice if you regularly spend significant sums on your credit card. 

As the card has a relatively high interest rate, it is best for those who always pay off their credit card balance in full each month. This way, you can avoid paying interest on your borrowing, while enjoying the benefits of your rewards.

Interest Rates and Fees

Although the card doesn’t carry an annual fee, the following rates and fees will apply.

Rate or fee typeAmount
Annual Percentage Rate (APR) for Purchases

19.74% - 31.74% (variable)* 

APR dependent on creditworthiness. See Rates and Terms for New Accounts. 

Cash advances

APR: 31.74%

Fee: Either $10.00 or 5% of the amount of each cash advance, whichever is greater.

Foreign transaction fee3% of each transaction
Late paymentUp to $40.00
Returned payment $29.00

*Note, if you are charged interest, the charge will be no less than $2.00.

Rewards & Cash Back

As the PayPal Cashback Mastercard is designed primarily as a rewards product, it offers a very generous rate of cash back on all purchases.

It pays 3% on purchases when you pay with PayPal using your card. You can also earn 2% cash back on all other purchases where Mastercard is accepted. There are no restrictions on the amount of cash back you can earn. This makes the card a strong choice for anyone interested in an all-around cash back card.

Cash back is earned daily on completed purchases posted to your account. Redeem it to your PayPal balance or transfer it to your bank account, and then spend it however you want.

As since it’s a Mastercard, you’ll also qualify for the following benefits:

  • Mastercard ID Theft Protection™: receive alerts of possible identity theft or compromised personal information
  • Mastercard Global Service™: 24/7 assistance for lost or stolen cards, including an emergency cash advance

The Application Process

To apply for a card, you’ll need to be at least 18 years old, reside in the US or its territories, and have an account with PayPal.

As part of the online application process, you’ll need to submit personal details for a credit check, including:

  • Name
  • Address
  • Phone number
  • Annual income after taxes
  • The last four digits of your Social Security Number

Once approved, you’re typically issued a virtual card, which you can use instantly to make PayPal purchases before your physical card arrives.

Your credit card will automatically be linked to your PayPal account, so it will show up as a payment option every time you reach the PayPal checkout.

Help & Support

You can contact the PayPal Cashback Mastercard customer service team over the phone or through its live chat service when logged into your account. 

Online chat hours: Monday-Sunday, 9am-9:30pm (ET)

Telephone hours: Monday-Sunday, 9am-9pm (ET) 


Reassuringly, with the PayPal Cashback Mastercard, you won’t be liable financially for any unauthorized charges on your account.

PayPal implements several security layers on your account, which are designed to protect your data and your money. These include:

  • A one-time password when logging in
  • Data encryption
  • Email payment confirmations
  • 24/7 transaction monitoring for fraud or identity theft

You can also get Purchase Protection when you shop with PayPal. Check out knowing that PayPal can have your back in case something goes wrong with an eligible purchase. See terms and limitations for more information. 

The company also has a detailed privacy policy on its website.


Can I include other authorized users on my account?

You can add up to six authorized users on your PayPal Cashback Mastercard.

How long will my card take to arrive?

Upon approval, your card will arrive within seven to 10 business days.

How do I pay my bill?

At any time, you can choose to make a one-time payment or schedule automatic payments towards your balance due. You can pay using your PayPal balance, or your linked bank account conveniently with the PayPal app or on You may need a linked bank account to pay your bill, even if you’re paying with your PayPal balance, as it will be used if your balance is insufficient.

You can call our customer service department at (855) 938-3684 to make a payment. There may be an additional charge for expedited payment by phone.


If you’re seeking generous rewards on your spending and are confident you will be able to pay off your balance each month, the PayPal Cashback Mastercard could be an excellent option. You just need to open a free PayPal account to be eligible to apply, and the more you integrate your spending with PayPal the greater your rewards will be.


We compiled this review by visiting the company’s website, reading online reviews, and via live chat.

This is a paid review of the PayPal Cashback Mastercard. 

PayPal Cashback Mastercard® PayPal Cashback Mastercard® Learn More

*The benefits and services as further described in the Mastercard Guide to Benefits are provided solely by Mastercard International Incorporated. PayPal and Synchrony Bank do not endorse, recommend, warrant, or take responsibility for these offer benefits.

Katy Ward
Written by
Katy Ward
Oxford graduate Katy Ward is a seasoned journalist and editor covering personal finance for Eleven Writing and Top10. Over a 15-year career, Katy has worked with several finance titans, including Barclays, Tandem Bank, and Yahoo! Finance. She enjoys identifying complex financial trends that make for interesting article topics.
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