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New PayPal Card, $100 Bonus and Unlimited 3% Cash Back on PayPal Payments

DDG
DDG

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New PayPal Cashback Mastercard

New PayPal Cashback Mastercard

PayPal and Synchrony announced today a makeover for the PayPal 2% Cashback card. While that earning option will not change, you will be able to earn even more for all your PayPal purchases.

The new PayPal Cashback credit card, issued by Synchrony, earns unlimited 3% cash back when paying with PayPal at checkout and unlimited 2% cash back on all other purchases anywhere Mastercard is accepted.

The new card has no annual fee, no category restrictions and a $100 signup bonus for new customers. Let’s take a look at the details.

The Offer

  • For a limited time, new card customers will earn a one-time $100 cash back bonus on their first $500 spent.
  • No Annual Fee
  • Join Waitlist

Existing eligible PayPal 2% Cashback credit card holders will automatically be upgraded into the new 3% cash back card structure and can start earning higher cash back rewards whenever they use their card to check out with PayPal. The new PayPal Cashback credit card will soon be available to select customers who can apply through the PayPal app or website and will continue to roll out in the coming weeks.

Card Highlights

  • 3% cash back every time you shop with PayPal.
  • 2% cash back when you shop everywhere else.
  • The PayPal Cashback credit card offers customers a new user interface within the PayPal app and on the web, delivering a simplified and more integrated way to access rewards, manage purchases, and make payments.
  • Customers can access rewards every day without having to wait for a monthly statement cycle. Based on account type, customers can have the freedom to choose how to use the rewards – whether they wish to make statement payments, make purchases from millions of retailers, or transfer funds to a linked bank account or debit card.

Conclusion

The card already earned 2% cashback on all purchases. But the new option for 3% cashback on all PayPal purchases could be huge for those who shop online often, or can make big payments through PayPal.

The signup bonus is only $100, so getting the card only makes sense if you plan to use the 3% category often. If you already have the PayPal card, you will not be eligible for the signup bonus, but you will be upgraded once the new card is released.

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.
DDG
DDGhttp://dannydealguru.com
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.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

Disclaimer - Miles to Memories & the author are not credit providers and do not provide personal financial or professional advice or credit assistance. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs.

All information published here is personal opinion and comes from personal experience. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. ESR Media, LLC, Miles to Memories and the author strongly recommend that you seek independent advice before you apply for any product or service, which is described on the site/page.

Editorial Note - Opinions expressed here are the author's alone, not those of any partner bank, credit card issuer, hotel, airline, or other partner. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.