The PayPal Cashback Mastercard is a no-annual-fee credit card designed for everyday purchases.
It offers 2% cashback on all eligible transactions, with rewards automatically added to your PayPal balance.
This guide explains how to apply, what you need, and what to expect after submitting your application.
What Is the PayPal Cashback Mastercard?
The PayPal Cashback Mastercard is a credit card issued by Synchrony Bank that integrates directly with your PayPal account and charges no annual fee.
It earns flat-rate 2% cashback on everyday purchases, letting you claim rewards instantly in your PayPal balance.
Features:
- 2% Unlimited Cashback on all eligible purchases
- No Annual Fee — it’s free to keep
- Instant Cashback is automatically added to your PayPal balance
- Issued by Synchrony Bank, accepted wherever Mastercard is accepted
- A Virtual Card is Available immediately after approval via PayPal
- No Foreign Transaction Fee, so that you can spend internationally without extra charges
- Online Account Management through the PayPal dashboard and mobile app
- Payment Alerts & Reminders to help you avoid late fees
Interest Rates and Fees
The PayPal Cashback Mastercard carries a variable Annual Percentage Rate (APR) for purchases and cash advances, based on your credit profile and market rates.
It has no annual fee but does include specific fees for certain services and penalties.
Interest Rates
- Purchase APR: Varies by creditworthiness: typically 19.99%, 23.99%, or 26.99%, then adjusts with the Prime Rate.
- Cash Advance APR: Fixed at 26.99%, also variable with the Prime Rate.
- Minimum Interest Charge: If interest applies, the least amount charged is $2.00.
Transaction & Penalty Fees
- Annual Fee: $0
- Cash Advance Fee: Greater of $10 or 5% of the amount
- Foreign Transaction Fee: 3% of each transaction
- Late Payment Fee: Up to $40
- Returned Payment Fee: Up to $29–41 (typically $29)
Application Process – Step by Step
Applying for the PayPal Cashback Mastercard is simple and entirely online.
You must log in to your PayPal account, fill out the required form, and submit your application for review by Synchrony Bank.
- Log In to PayPal: Go to the PayPal website and sign in to your account.
- Access the Credit Card Section: Navigate to the “PayPal Credit Cards” section, usually found under the “Wallet” tab.
- Click “Apply Now”: Select the PayPal Cashback Mastercard and click the “Apply Now” button.
- Complete the Application Form: Enter your name, address, contact information, SSN, birth date, income, and job details.
- Agree to Terms and Submit: Read the terms, check the boxes, and click “Submit” to send your application for review.
- Receive a Decision: Many applicants receive an instant decision. Others may be reviewed and notified by email within a few business days.
What Happens After You Apply
After submitting your application for the PayPal Cashback Mastercard, you’ll either get an instant response or undergo a short review process.
Here’s what typically happens next.
- Instant Decision: Many applicants receive a credit decision within seconds after submitting the form.
- Further Review (if needed): Some applications are flagged for manual review, which can take a few business days.
- Email or Dashboard Notification: You’ll get an update by email or through your PayPal account once a decision is made.
- Virtual Card Access: If approved, a virtual version of your card may be available immediately for PayPal purchases.
- Physical Card Delivery: Your physical card will arrive by mail within 7–10 business days after approval.
- Card Activation: You can activate the card online through your PayPal account or by calling Synchrony Bank.
PayPal Cashback vs Other PayPal Credit Options
PayPal provides two main credit options: the PayPal Cashback Mastercard and PayPal Credit.
Each is designed for different purposes—one focuses on earning rewards, while the other offers flexible payment solutions.
Type of Product
- PayPal Cashback: Traditional credit card (issued by Synchrony Bank)
- PayPal Credit: Revolving credit line linked to your PayPal account
Rewards
- PayPal Cashback: Earn 2% cashback on all purchases
- PayPal Credit: No rewards offered
Usage
- PayPal Cashback: Accepted anywhere Mastercard is accepted
- PayPal Credit: Can only be used at online stores that accept PayPal
Annual Fee
- Both options: $0 annual fee
Interest Rates
- PayPal Cashback: Variable APR, typically 19.99%–26.99%
- PayPal Credit: Variable APR, based on your credit
Best For
- PayPal Cashback: Users who want unlimited cashback on every purchase
- PayPal Credit: Users looking for short-term financing or promotional offers
Access
- PayPal Cashback: Virtual card available instantly, physical card mailed
- PayPal Credit: Available immediately after approval through PayPal
Who Should Consider This Card?
The PayPal Cashback Mastercard isn’t for everyone, but it offers clear value for specific types of users.
If you regularly use PayPal or want flat-rate rewards with no annual fee, this card may fit your needs.
- Frequent PayPal Users: Ideal if you shop or receive payments through PayPal and want rewards added directly to your balance.
- Flat-Rate Cashback Seekers: Good for those who prefer a simple 2% cashback on all purchases without rotating categories or limits.
- Online Shoppers: Great for people who make frequent online purchases and want seamless checkout with PayPal integration.
- Users Avoiding Annual Fees: Suitable if you want a rewards card without paying a yearly fee.
- Cardholders Who Prefer Instant Access: Useful if you’re going to use a virtual card right after approval, before the physical one arrives.
- Consumers with Good Credit: Best for applicants with a good credit score (typically 670 or above) to increase approval chances.
Contact Information
Once you’ve applied for the PayPal Cashback Mastercard, you may need reliable ways to manage your account, make payments, or resolve issues.
Here’s a comprehensive list of contact details to help you stay in control.
- General Support & Payments: 24/7 support for account inquiries and paying your bill: 855‑938‑3684
- Lost, Stolen, or Replacement Cards: Call 844‑373‑4961 to report a lost or stolen card, or request a replacement
- Synchrony Bank Credit Support (PayPal Credit): Available Mon–Fri 8 AM–11 PM ET, Sat–Sun 9 AM–9 PM ET: 844‑373‑4961
- Synchrony Bank: Call 1‑866‑226‑5638 (U.S.) or 937‑534‑3624 (int’l); support available daily.
To Wrap Up
The PayPal Cashback Mastercard is a practical choice if you want simple, unlimited 2% cashback with no annual fee.
It integrates easily with your PayPal account and offers fast access to rewards.
If you’re eligible, log in to your PayPal account today and start your application.
Disclaimer
This article is for informational purposes only and does not guarantee approval.
Synchrony Bank determines all credit decisions, rates, and terms based on your credit profile.
