
This application and the creditĬard agreement will be governed by federal law, and to the extent state law applies, the laws of Utah. To find out what may have changed, write to us at P.O. The information about the costs of the card described above is accurate as of August 1, 2023. A limited number of applicants are expected to receive Account Types 1 and 2. Important note about PayPal Cashback Mastercard ® or PayPal Cashback World Mastercard ® rates: Rates will be determined after application review and disclosed to you before purchases or charges on the account are permitted. We use a method called “daily balance.” See your credit card account agreement below for more details. Įither $10.00 or 5% of the amount of each cash advance, whichever is greater.

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at. If you are charged interest, the charge will be no less than $2.00.įor Credit Card Tips from the Consumer Financial Protection Bureau We will not charge you any interest on purchases if you pay your entire balance by the due date each month. Your due date is at least 23 days after the close of each billing cycle.
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How to Avoid Paying Interest on Purchases This APR will vary with the market based on the Prime Rate. After that, your APR will vary with the market based on the Prime Rate. When you open your account, based on your creditworthiness and other factors. PAYPAL CASHBACK MASTERCARD ® OR PAYPAL CASHBACK WORLD MASTERCARD ®ACCOUNT AGREEMENT Rates And Fees Table Interest Rates and Interest ChargesĪnnual Percentage Rate (APR) for Purchases The Lender may obtain credit reports and other information, including employment and income, about you to evaluate your application and for other purposes. You’re providing information to the Lender and PayPal, Inc., and you consent to the Lender providing information about you (even if this application is declined) to PayPal, Inc. (a) you reject the provision by following the provision's instructions or, (b) you are covered by the Military Lending Act Disclosure (included in the Agreement)). To these Terms and Conditions, which include the Agreement and the Privacy Policy, which will govern your account, including a resolving a dispute with arbitration provision (which limits your rights unless.By applying for this account, you agree: Read more The PayPal Cashback Mastercard ® or PayPal Cashback World Mastercard ® is an open-end (revolving) credit card account offered by Synchrony Bank (the “Lender”). You can then cash out your rewards to lower your statement bill, make new purchases from millions of participating stores or transfer your rewards to a bank account or debit card on file.įinally, PayPal Cashback Mastercard will launch with a splash, offering new applicants a $100 welcome bonus after the first $500 spent.PAYPAL CASHBACK MASTERCARD ® OR PAYPAL CASHBACK WORLD MASTERCARD ® Your cash-back rewards will be readily available to you online, unlike other cards that make you wait until the end of your monthly billing cycle. With this new card, PayPal has redesigned its user interface on its app and website so that cardholders can easily manage rewards, make credit card payments and more. "Our customers shopped across 34 different categories last year showcasing the diversity of their needs and interests, and we wanted to build a credit product that was flexible and better-matched rewards with their spending behaviors," said Susan Schmidt, VP Consumer Credit, PayPal. Many stores have started to accept PayPal QR codes as a payment method. Want more credit card news and advice from TPG? Sign up for our daily newsletter! Who should apply? The card details on this page have not been reviewed or provided by the card issuer The information for the PayPal Cashback Mastercard has been collected independently by The Points Guy. Overall, this is an exciting new cash-back card that rivals some of what the bigger banks already offer. For all other purchases not made through PayPal, you'll still earn 2% cash back, no matter the purchase. This is a gamechanger for online shoppers, as thousands of stores accept PayPal at checkout - and 3% cash back is a considerable rewards rate. Issued by Synchrony Bank, cardholders will earn a generous 3% cash back on all purchases made through this popular electronic payment service, whether that's online, through the mobile app or to pay in-store with a PayPal QR code. PayPal will soon relaunch the no-annual-fee PayPal Cashback Mastercard to offer one of the most impressive earning rates we've seen.

There's a new and improved cash-back card on the block.
