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New PayPal Business Cashback Mastercard Earns 2% Back on All Purchases

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New PayPal Business Cashback Mastercard

PayPal has launched a new business credit card to better meet the everyday financing needs of small business owners.

The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with 2% cashback on all purchases. There’s no caps for earning rewards and they never expire.

Businesses get immediate access to their credit limit. The account comes with a virtual card that is automatically integrated into the business’s PayPal account and is immediately available as a payment method when merchants check out with PayPal. Account and spending details are easily available through the cardholder’s PayPal Business account.

Card Details

  • 2% cashback on all purchases without a limit on cashback earned or category restrictions
  • No annual fee
  • No foreign transaction fees
  • Competitive APR for purchases ranging from 13.99%-29.99%
  • Use the virtual card right away upon approval
  • Free employee cards with separate account numbers
  • Enhanced Mastercard benefits, including a 2-Year Extended Warranty on purchases, Cell Phone Protection, and access to discounts through Easy Savings™ and Mastercard’s Digital Merchant Offers, among other features
  • Advanced security features, including Mastercard ID Theft Protection™ and Zero Liability, in addition to 24/7/365 Global Emergency Services
  • Integration within PayPal’s merchant platform to access transactions, balances, available credit, and rewards


There’s not much to get excited about here. The new PayPal Business Cashback Mastercard is just a simple option for small businesses. It has now annual fee and you can earn 2% cash back on all purchases.

However, there is no signup bonus right now, so you should take a look at other business cards first. You can earn 2x points on all purchases with the Blue Business Plus card for example. But there are other options as well.

PayPal also revamped the personal credit card earlier this year.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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