View the latest valuations here. Unfortunately, the PayPal Cashback card doesnt currently offer a sign-up bonus to all applicants. We believe everyone should be able to make financial decisions with confidence. Buy Now, Pay Later; Deals and Cash Back; Pay with Rewards; Pay with QR Codes; PayPal Cashback Mastercard Terms and Conditions. And since the card classifies merchants using Visas merchant category codes, youll likely have an easier time knowing which stores earn the 3 percent rewards than you will with the PayPal Mastercard. However, the more you spend, the more cash youll get back based on 2% of the purchase totals. Bankrate.com does not include the entire universe of available financial or credit offers. Looking for a simple, straightforward cash back credit card? No rotating categories to keep track of. This is in addition to the first year welcome bonus. Advertiser Disclosure: Many of the credit card, cd, savings offers that appear on this site are from credit card companies from which HustlerMoneyBlog.com receives compensation. The card earns 3X points at U.S. supermarkets, U.S. gas stations and U.S. online retail purchases on up to $6,000 per calendar year in purchases in each category (then 1 percent). You also have the option to opt-out of these cookies. CNETs compensation is never tied to whether you purchase an insurance product. Yes, you'll need to make a PayPal account in order to apply for the card. To receive cash back, you must have a PayPal Cash account, PayPal Cash Plus account or a standard PayPal account with a linked debit card or bank account. If you don't have enough cash in your PayPal account, it will PayPal. Here's an explanation for how we make money. Apple Cash is a digital card that lives in Wallet it stores the cash you receive or want to send. See the program FAQs and Terms and Conditions in your Online Account Center for additional details about how and when you get rewared. If youre already a PayPal user and have a good idea of the stores that let you use your PayPal account, this card could be a good fit especially if you dont already have a card that earns three percent cash back or more at these locations. The PayPal Cashback Mastercard could be a hit for PayPal fans and has the potential to one day be a great no-annual-fee rewards card for everyone else. When evaluating offers, please review the financial institutions Terms and Conditions. To earn 3 percent cash back you have to be the primary cardholder, as authorized users will only earn 2 percent cash back at all times. The card also has a range of benefits you wont get with the PayPal Mastercard, including a sign-up bonus, intro APR offer on purchases and balance transfers and a complimentary DashPass subscription. The PayPal Cashback Mastercard is a straight-forward cash back credit card that delivers solid value without any frills. Your answer should account for all personal income, including salary, part-time pay, retirement, investments and rental properties. We constantly monitor our competition, user activity, and journalistic awards. We'd love to hear from you, please enter your comments. Mastercard acceptance Along with using the PayPal Cashback Mastercard to make purchases on PayPal, the card can be used everywhere Mastercard is accepted both in stores and online. The PayPal Mastercard offers a very large range of APRs cardholders with excellent credit could get a fairly reasonable APR of 19.99 percent, but for cardholders with lower credit score, the APR could be as high as 26.99 percent, which is extremely high. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. The card is also light on benefits, lacking a sign-up bonus, intro APR offer and other benefits that help give rewards cards long-term value. Redeem Cash Rewards right to your PayPal balance and use them whenever you want. PayPal states the AMEX was denied. It has not been provided or commissioned by any third party. WebEarn points on eligible purchases from your favorite brands when you shop with PayPal. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. jsteffen. What are index funds and how do they work? Here is a list of our partners. We earn a commission from affiliate partners on many offers. But before you open a new credit card to save on your purchases, it's best to ensure you have a solid budget in place to manage your monthly spending and to make sure you're in a financially stable place. Fans of PayPal and frequent online shoppers will want to check out the PayPal Cashback Mastercard. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. Also, there are cash back cards, such as the Chase Freedom Flex and Chase Freedom Unlimited cards, which give you far more versatility and value by allowing you to transfer your rewards to other cards and use them for a variety of rewards, including cash back, merchandise and travel. Though the PayPal Cash Back Mastercard offers good rewards rate, cardholderswho are not regular PayPal usersmay find the redemption options too cumbersome. Those points can thus potentially redeem for more value. Personal Account. However, cardholders who dont wish tobuy or sell merchandise on PayPal willhave to incorporate a couple extra steps into their routines: logging in to PayPal to transfer the rewards to a PayPal account and then once the rewards aretransferred transferring that balance to an outside account. The compensation we receive may impact how products and links appear on our site. We are an independent publisher. Keep an eye on your inboxwell be sending over your first message soon. Shop and Buy. But opting out of some of these cookies may affect your browsing experience. But considering the cards limited features, other cash back cards might be a better fit. Readers are part of the CNET family, and the strength of that relationship is the ultimate test of our success. After that, the standard variable APR will be 17.74% - 27.74%, based on creditworthiness. Personal. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This wont impact your credit score. Contact Anthony for media/advertising. Our insurance content may include references to or advertisements by our corporate affiliate HomeInsurance.com LLC, a licensed insurance producer (NPN: 8781838). Filed under: Credit Card Bonus Offers, Credit Cards. It operates just like the PayPal Cash Card with one notable bonus: Youll get 1% cash back on all purchases. Every 2 percent cash back card comes with some stipulations the Citi Double Cash card, for instance, requires you to pay your bill on time to earn the full 2 percent rewards rate. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. See Rewards Program Terms for details and restrictions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. All information about the PayPal Cashback Mastercard has been collected independently by Bankrate and has not been reviewed or approved by the issuer. If the store doesnt accept PayPal, youll earn 2 percent cash back. But if you use a credit card, there is a 2.9 percent fee along with a fixed fee, which is currently 30 cents. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Send money abroad from a PayPal Cash or Cash Plus account : 5% (min $0.99, max $4.99) : Load cash into PayPal Cash Plus account using app : $3.00-3.95 : Load cash into PayPal Cash Plus account using PayPal Cash card : $3.00-4.95 : ATM withdrawal from PayPal Cash Plus account via PayPal Cash card If you prefer to hold multiple cards, it could be a logical addition to your wallet for purchases that dont normally fall into bonus categories. The card earns outsize Union Bank Platinum Visa Credit Card 2022 Review. The offers that appear on this site are from companies from which Bankrate.com receives compensation. The PayPal Cash Back Mastercard is a bona fide 2 percent cash back card, offering unlimited cash back on all your purchases. 1 comment. Its essentially the equivalent of a $100 sign up bonus when you spend $5k in the first 3 months after you discount 2% as a base cashback card. Bankrate has answers. The PayPal card doesnt include a sign-up bonus, but that is typical of cards that offer 2 percent cash back. This is a rare combination that gives the card good long-term value as long as you can take advantage of the PayPal bonus category. With all spending considered, this would give a cardholder $442 in cash back in the first year. Credit card issuers have no say or influence in our ratings. Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Cardholders can earn a $200 cash rewards bonus after spending $1,000 in purchases with the card in the first three months of account opening. WebCash back rewards are credited to your Card Account and are not available in the form of a check or other direct payment method. Transactions eligible for bonus cash back You dont have to remember different rewards for different purchases or activating quarterly reward categories every quarter like some cards require. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. All reviews are prepared by CreditCards.com staff. As you spend on the card, youll earn 2% Issued by Synovus, the -annual-fee is a reward-lacking, benefit-lacking, relatively-low APR secured card for those with dismal or non-existent credit. Our job at Forbes Advisor is to score credit cards and weve ruled that the should sit out the rest of the game. 2. Many or all of the products featured here are from our partners who compensate us. For everyone else, it wont be easy to find out where PayPal is accepted. All products or services are presented without warranty. All financial products, shopping products and services are presented without warranty. PayPal Cashback Mastercard 6/10 CNET Rating Card Highlights Intro Offer N/A APR 17.99%, 26.99%, or 29.99% Variable Intro Purchase APR N/A Recommended PayPals The PayPal Cashback Mastercard* offers one of the strongest cash-back rates available for a credit card with no annual fee, with an even higher rate if you can shop through PayPal. You must log into PayPal and transfer the cash rewards to either your PayPal balance or your linked debit card/bank account. But theres a catch. Below, Select breaks down the rewards, benefits and fees associated with the PayPal Cashback Mastercard to help you decide if it's right for your needs. Bankrate.com is an independent, advertising-supported publisher and comparison service. With the Citi card, you have multiple options: You can redeem your cash back as statement credits, as a deposit into a Citi bank account or as a check. always tell me not enough experience at current level, yet I have run a pretty good spend across it and pif each month. So you'll have to work within the card's bonus categories, but it presents a good opportunity to earn rewards for necessary purchases, plus for some online shopping. 1 You can send money right in Wallet or Messages pay your squad for brunch or chip in for a coworkers gift. The PayPal Cashback Mastercard is a PayPal credit card thats only available to those with a PayPal account. Apply Now No restrictions. This card not only offers unlimited 2 percent cash back on all purchases which is a great flat rewards rate but also 3 percent back when you shop with PayPal. In addition from the promotion, the card also offers 3% cash back when you check out with PayPal, and 2% cash back on all other purchases. Copyright 2022 CreditCards.com a Red Ventures Company. This card offers 5 percent cash back in quarterly rotating categories (upon activation, on up to $1,500 in purchases, then 1 percent back). The card comes with perks too like an up to $120 Equinox credit, *rental car insurance and return protection. To support our work, we are paid in different ways for providing advertising services. Get all the details in our Blue Cash Everyday Card from American Express review. With the new PayPal Cash Back Mastercard, PayPal has stepped up its game by offering some serious rewards: 2 percent cash back on every purchase, with no minimum amount required to redeem. No exceptions. Earn unlimited 3% cash back on PayPal purchases and unlimited 2% on all other purchases. WebBorrow cash using Bitcoin as collateral. Enjoy peace of mind with Mastercard. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. 0% intro APR for 15 billing cycles on balance transfers made within 45 days of account opening. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. In the PayPal app, go to Home > click the cashback credit card icon at the top beside balance > your $30 should be under cash back > click Redeem to transfer to your PayPal balance. Youll also have access to Amex Offers, a program with targeted, opt-in offers that provide discounts or statement credits when making purchases at participating retailers (both online and in-store). The use of this website means that you accept the confidentiality regulations and the conditions of service. WebThe best cash back credit card: Citi Double Cash. But with the Active Cash's welcome bonus, introductory APR offer and other extra perks, it presents a strong alternative to the PayPal card. You do not need to include alimony, child support, or separate maintenance income unless you want to have it considered as a basis for repaying a loan. WebPayPal partners with Synchrony Financial to provide the PayPal Cashback Mastercard, which offers 2% cash back to customers who use the card to make purchases both online and in physical stores. There are even some brands with a QR code at their checkout counters that you can scan to earn 3% cash back while shopping in person. Rewards can be used to make payments, make purchases, send money to other PayPal users, or transferred to your bank account or debit card linked to your PayPal account. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Your email address will not be published. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. 1. Please try again later. This compensation comes from two main sources. Its not clear how many stores let you make purchases through your PayPal account, and some may only let you pay through your PayPal account when making online purchases. In a digital world, information only matters if it's timely, relevant, and credible. There are no category bonuses to keep track of, no limits on reward earnings and no minimum redemption thresholds. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. I tried the luv button 4 times and get the same song and dance as you. Learn about the features of the PayPal digital wallet and download it today. Shop and Buy. It doesnt have an A newer entry into the busy business credit card market, the comes with some big asks and few rewards available to a limited audience. Got PayPal offer, but never gave it a second thought. Our goal is to give you the best advice to help you make smart personal finance decisions. WebWith the PayPal Debit Card, you can use the money in your PayPal balance to shop everywhere Mastercard is accepted and earn cash back along the way. With the PayPal Cashback Mastercard, earn up to 3% cash back and a $100 bonus after meeting the requirements with no annual fee. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). Redeem rewards without the wait. We may receive compensation if you apply through our links. Check the data at the top of this page and the bank's website for the most current information. EDITORIAL DISCLOSURE All reviews are prepared by CreditCards.com staff. Your credit cards journey is officially underway. Please note that this doesnt apply to merchant-specific gift cards, which do not have a Visa, MasterCard, American Express, or Discover logo on them. PayPals cashback financial service promotes the Learn more about the PayPal Prepaid MasterCard, the However, we do receive compensation when you click on links to products from our partners. 1 We make it easy to get rewarded when you shop. The PayPal Cashback Mastercard will now be a blend of both, offering a preferred 3% earning rate on any purchase made with PayPal. So if you're debating between the two cards, the cash-back potential is identical. The PayPal Cashback Mastercard is among a relatively small group of credit cards that earn at least 2% back on every purchase. CNET editors independently choose every product and service we cover. We promise to publish credible information we have as soon as we have it, throughout a product's life cycle, from its first public announcement to any potential recall or emergence of a competing device. It earns 3% cash back (on up to $6,000 per year in purchases, then 1%) at U.S. supermarkets, U.S. gas stations and for select U.S. online retail purchases, and 1% for other purchases. Wells Fargo Cardholders: Get $10 Credit When Adding Card to Digital Wallet & Completing One Purchase Emirates Skywards Premium World Elite Mastercard 60,000 Skywards Miles Bonus (*$720 Value). That makes this card a great choice for someone who values simplicity. If youre not a PayPal user, you may prefer a more versatile rewards card like the Chase Freedom Unlimited. There are no categories to keep track of and no limits to how much you can earn. Having interest charges tacked onto your credit card bill can eat away at the rewards you earn and makes it harder to pay off your balance. As long as you plan to use the PayPal card for at least a couple of years, you stand to earn more than with a card that comes with a lower cash back rate and a large sign-up bonus. financial product. Unfortunately, the Blue Cash Everyday only provides a ho-hum 1% cash-back rate on most purchases, which means this card only beats the competition if youre using it for its bonus categories. WebBitcoinist is a Bitcoin news portal providing breaking news, guides, price and analysis about decentralized digital money and blockchain technology. Thats an elite rewards rate for a flat-rate card in an industry where 1.5% cash back is more common. Rewards on this card are uncomplicated, since youll earn a flat 3% cash back on PayPal purchases and 2% on all other purchases made online or in-store. Eligibility and Benefit level varies by Card. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit. We do not feature all available credit card, cd, savings offers or all credit card issuers. Past performance is not indicative of future results. Be sure to log in to your card account on a regular basis to redeem your rewards. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. The PayPal Cashback Mastercard is a great fit for someone who doesn't want to pay an annual fee and for those who want a no-frills cash-back credit card that connects to their PayPal account. The card also offer a valuable intro 0% APR for the first 18 months on balance transfers (17.74% - 27.74% variable thereafter; balance transfers must be completed within 4 months of account opening and there's an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. Instead, youll see recommended credit ranges from the issuers listed next to cards on our site to help you determine which cards youre likely to be approved for. 2% is the competitive rate forcash-back credit cards with no annual fee. Most flat-rate rewards cards like the Wells Fargo Active Cash Card and the Citi Double Cash Card only offer a flat rate on general purchases, with no additional bonus categories. All you need is an email address. To be considered for a PayPal Business Debit Mastercard, a customer must have a PayPal Business or PayPal Balance account. If you have a habit of charging more than you can afford, the PayPal card could easily sink you into debt with a high APR, since it is designed to encourage spending on PayPal. There are plenty of no-annual-fee cards that come loaded with perks, including, sign-up bonuses, intro APR offers, and a slew of secondary benefits like purchase and travel protections. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. If you need to consolidate existing credit card debt, the Citi Double Cash card is also a better choice. 4 You'll receive unlimited 1.0% cash back on eligible purchases when your PayPal Business Debit Mastercard purchase is completed as a credit transaction by phone, online, or in stores. These cookies do not store any personal information. PayPal. WebCash back rewards are credited to your Card Account and are not available in the form of a check or other direct payment method. But these cards, like most other bonus category cards, only earn 1 percent back on general purchases. Although the elevated earnings rate on online purchases is capped, you might end up ahead on your total spending due to the higher cash-back earnings on gas and groceries. WebThe PayPal Business Debit Mastercard helps you do more with your money, including earning 1% cash back on eligible purchases. WebPayPal cashback Mastercard is putting unnecessary holds on my account. Your daily coffee and weekly grocery run can now earn you up to 4% back in a crypto reward of your choice when you use Coinbase Card. You must be at least 18 years old and reside in the US or its territories to apply. We maintain a firewall between our advertisers and our editorial team. If youre not already familiar with the merchants that accept PayPal, youll likely have an easier and more rewarding experience if you use the PayPal Mastercard to cover general purchases and pair it with another rewards card that earns bonus points in your top spending categories. WebContinuous Flow Centrifuge Market Size, Share, 2022 Movements By Key Findings, Covid-19 Impact Analysis, Progression Status, Revenue Expectation To 2028 Research Report - 1 min ago Our best selections in your inbox. 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more and 1% cash back on other purchases. Often, the financial institution relies on complex back-office practices to justify charging the fee. Shopping recommendations that help upgrade your life, delivered weekly. For example, some advertisers pay us to display ads, others pay us when you click on certain links, and others pay us when you submit your information to request a quote or other offer details. With the new PayPal Cashback Mastercard, earn unlimited cash back at millions of merchants. Please visit americanexpress.com/benefitsguide for more details. There are a handful of other cash back cards on the market including the Citi Double Cash Card that offer a 2 percent cash back rate (1 percent when you buy and 1 percent as you make payments for those purchases), and the PayPal card, with no minimum redemption amount, aims to give them a run for their money. It also comes with World Elite Mastercard benefits, giving you far more perks than youll find with the PayPal card, such as cellphone protection, trip cancellation/interruption insurance and auto collision damage waiver. PayPal Cashback Mastercard. If you're a frequent PayPal user, it could be convenient to have the rewards deposited straight into your PayPal account. The PayPal Cashback Mastercard lets you earn up to 3% cash back on purchases, with your rewards redeemable directly into your PayPal balance. WebBis zu 50 Geld zurck. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. While the PayPal Cashback Mastercard is a solid pick as a cash back credit card, there are other cards that are potentially more lucrative to consider to help you save on your purchases. We ask that you inform us whenever you find an error, spot a gap in our coverage, or have any other suggestions for improvement. You can open an account here, just be sure to select the 'personal' account. Rewards totals incorporate the cash back earned from the welcome bonus. Find out more here. No rotating categories. Your email address will not be published. * Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer. And some merchants are selective in how they accept PayPal. This is a major plus if you use the PayPal card infrequently, or plan to use it in conjunction with other cash back cards. The offers that appear on this site are from companies from which CreditCards.com receives compensation. He currently works with CNET Money to bring readers the most accurate and up-to-date financial information. From Tap & Go to 24/7 Identity Theft Protection, earning cash back is simple and secure. Copyright 2006-2015 HustlerMoneyBlog. PayPal for You. It has an annual fee of $0. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. WebWith the PayPal Business Debit Mastercard , you can spend the funds in your PayPal account straightaway, anywhere Mastercard is accepted, and earn cash back on purchases.. Support your supply chain. It's free to open and takes about two minutes. Rewards Rate2% cash back on every purchase, AverageYearly Rewards Value($1,325 monthly spend) CreditCards.com credit ranges are derived from FICO Score 8, which is one of many different types of credit scores. It is mandatory to procure user consent prior to running these cookies on your website. 1. If you do a lot of online shopping or you frequently shop at stores that let you pay with PayPal, this could give the PayPal card enough long-term value to make up for its lack of a sign-up bonus or intro APR offer. Thats a strong return with no strings attached. WebRsidence officielle des rois de France, le chteau de Versailles et ses jardins comptent parmi les plus illustres monuments du patrimoine mondial et constituent la plus complte ralisation de lart franais du XVIIe sicle. Earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. Increase non-taxable income or benefits included by 25%. By continuing, you agree to their use. No rotating categories. Your personal information and data are protected with 256-bit encryption. Bankrateexpert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. With the new PayPal Cashback Mastercard , earn unlimited cash back 1 at millions of merchants. If youre looking for an all-purpose card that earns elevated rewards across a broad swath of categories, the Chase Freedom Flex could be the needle in the haystack youve been searching for. However, all CNET editorial content is independently researched and developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser relationships. But if you already have a PayPal account or dont mind signing up for a free one, this is an excellent choice as a cash-back credit card. WebYou have to redeem the rewards to your PayPal balance. The card has no annual fee. No restrictions. WebIf you choose to close your PayPal account and you have a PayPal Mastercard or PayPal Smart Connect account, your options for using and servicing your PayPal Mastercard or PayPal Smart Connect account will be limited. Earn unlimited 3% cash back on PayPal No exceptions. The PayPal Cashback Mastercard* offers a flat 2% cash back on each dollar you spend, which you can redeem toward your PayPal balance. With responsibility for overseeing CNET's credit card coverage, she writes and edits news, reviews and advice. It earns 3% cash back at U.S. supermarkets, U.S. gas stations, and online retail purchases in the U.S. (on up to $6,000 in each category per year in purchases, then 1%), and 1% cash back on other purchases. Earn 3% cash back on PayPal purchases Get 2% cash back* every day, every purchase, every time you use your card. Re: PayPal cashback MasterCard credit limit increase. Each percentage point of cash back you earn with the PayPal card is worth 1 cent. But a rate as high as 29.24 percent can do far more damage, pushing you into credit card debt if you tend to carry a balance. We dont charge you for our services. The cash back you earn goes directly into your PayPal account. You can use the PayPal Debit card to get cash back when making a purchase. No purchase restrictions. The cash back earned can go straight into your PayPal account, which can than be either deposited into your bank account or used for future purchases using PayPal. Our partners compensate us. NFT. Create, collect, connect. editorial integrity, Capital One Venture X Vs. Chase Sapphire Reserve, Blue Cash Everyday Card from American Express, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, 3% back on PayPal purchases and 2% on everything else with no earning restrictions or rotating categories to manage, Foreign transaction fee: 3% of each transaction in U.S. dollars, Can only redeem cash rewards to your Paypal account, Earn 3% cash back on PayPal purchases and 2% on all other purchases, Redeem Cash Rewards right to your PayPal balance whenever you need to. congrats on the CLI. WebTransfer money online in seconds with PayPal money transfer. There is no limit to the cash back you can earn. This is important to note, because it means a few things. Based on those numbers, a household that charges everything to the PayPal Cashback Mastercard would earn at least $641 in rewards each year, more if you can use PayPal to make your purchases. Dont ask me how I know this 2 epicfighter10 1 mo. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022 HustlerMoneyBlog. You'll get the standard identity theft Mastercard protection, plus purchase protection for your new purchases, but aside from that there are no additional perks or welcome bonuses to earn. If youre looking for a credit card with no balance transfer fee and well over a year of 0% APR, the merits your consideration. Web3 You must have a PayPal Business account or PayPal Balance account to maintain and use money with PayPal. Accountholders will receive a notification that the cashback rewards terms on their account have been upgraded. offers an unlimited 2% cash back on everything you buy with the card. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Visit the online activation website indicated in your card's packaging.Enter your activation number and PIN, which are provided with the card.Click the submission button, such as "Activate" or "Submit."Remove any stickers on your card and sign it if indicated, and your card should be ready for use. However, there are a few caveats to keep in mind. Our editorial team does not receive direct compensation from our advertisers. The PayPal card features a simple yet lucrative rewards program. The PayPal card, unfortunately, requires you to transfer your rewards as credits to your PayPal statement, which means that cardholders who are not active users of PayPal will have to put in some extra effort to receive their cash back. Over a five year period, cardholders could potentially earn $2,212 although the total amount will depend on an individual's annual spending habits. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. Through his thorough card reviews and product comparisons, Nouri strives to demystify personal finance topics and credit card terms and conditions to help readers save money and protect their credit score. For rates and fees of the Blue Cash Preferred Card, click here. The information, including card rates and fees, is accurate as of the publish date. Number of Design. 6 reasons to get the Chase Sapphire Preferred credit card. Bankrates editorial team writes on behalf of YOU the reader. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Otherwise, you can find him reading, rock climbing, snowboarding and enjoying the outdoors. Well run a soft credit pull, which wont impact your credit score, Youll see your estimated approval odds near cards to help you narrow down your options. On top of the rewards, the Chase Freedom Flex makes up for the limited amount of benefits offered by the PayPal card. The PayPal Cashback Mastercard is a solid, albeit no-frills, credit card for cash-back enthusiasts. This card is a fit for anyone who wants to earn cash back on every purchase without paying an annual fee or tracking bonus categories. 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. Discovers 5% program us excellent too. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. Be sure to log in to your card account on a regular basis to redeem your rewards. By pairing a flat 2 percent rewards rate on general purchases with 3-percent cash back on PayPal purchases, the PayPal Mastercard makes a good effort at trying to combine the best features of flat-rate and bonus-category cash back cards. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Terms apply to the offers listed on this page. Get your Card. Some cash back cards with a variety of redemption options may offer 1 cent per point for options like statement credits but reduce the value to 0.8 cents or less for other options like gift cards. Check the banks website for the most current information. No, so long as your account is in good standing, your cash back won't expire. See the online credit card applications for details about the terms and conditions of an offer. CNET is not an insurance agency or broker. Bankrate.com does not include all companies or all available products. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. There are a lot of perks and benefits that you do not want to miss out on. Read more about Select on. The Forbes Advisor editorial team is independent and objective. The only catch is that you must have a PayPal account (free to open) to apply for the card and those with good or excellent credit are more likely to qualify. It has an annual fee of, see NerdWallet's full review of this card. Haven't been able to view my PayPal Cashback Mastercard on the You can also spend it in stores, in apps, or online with Apple Pay. WebMastercard Inc. is the second-largest payment-processing corporation worldwide. We worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $22,126. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand WebEarn points on eligible purchases when you shop with PayPal. Earn crypto, win crypto. All financial products, shopping products and services are presented without warranty. Starbucks Odyssey, the coffee chains new Web3 rewards platform built on Ethereum sidechain network Polygon, is officially rolling out to the world. 2022 Forbes Media LLC. Stores that accept PayPalStores that take PayPal A-Z. Calendars.com DriversEd.com Giftbasket.com HalloweenCostumes.com Restaurant.com Saltwaterfish.comStores that take PayPal by CategoryAccessories ~~~~~~~~~~. Apparel ~~~~~~~~~~. Activities ~~~~~~~~~~. Auctions ~~~~~~~~~~Automotive ~~~~~~~~~~. Books, Movies, and Music ~~~~~~~~~~. Costumes ~~~~~~~~~~. Educational ~~~~~~~~~~. More items Credit Score ranges are based on FICO credit scoring. It earns 3% cash back on PayPal purchases and 2% on all other purchases, with no category restrictions or annual earnings cap. Yes, if you use your PayPal card outside of the country, you'll incur a 3% fee. The value of cash back rewards tend to be consistent and are usually easier to estimate than points and miles values. Read on to learn more about the PayPal Mastercard and see how it stacks up against the best cash back cards. The Active Cash card even offers a few extra perks, and both cards offer new cardholders the opportunity to earn a welcome bonus. The PayPal Cashback Mastercard doesnt charge an annual fee, though it does have a few common credit card fees youll have to watch out for, likeforeign transaction and late fees. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Were sorry, but something went wrong and we couldnt find your approval odds. Her tech interests include Tesla, SpaceX, The Boring Company and Neuralink. Our opinions are our own. Thats an elite rewards rate for a flat-rate card in an industry where 1.5% cash back is more common. As a Mastercard, the PayPal Cashback card comes with some standard core benefits including: The most direct competitor to this card is the Citi Double Cash Card, which earns 2% cash back on all purchases1% when purchases are made and another 1% when theyre paid off. So if you're deciding between the two cards, it comes down to a simple math equation and your own preference. This post may contain references to products from our partners. All rights reserved. This can keep things relatively simple and hassle-free, but it means you may miss out on a higher rate in your biggest spending categories. See rates & fees) might be a better fit. The allure of the card is that its simple and rewarding. **See Terms & Rates for New Accounts. Our experts have been helping you master your money for over four decades. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. PayPal lists some merchants, such as Walmart, Best Buy, and Home Depot, but it doesnt offer a full list of merchants. The PayPal card unfortunately comes with limited perks compared to its competitors. 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