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PayPal Cashback Mastercard, New 2% Cash Back Card with No Annual Fee

DDG
DDG

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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. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

PayPal Cashback Mastercard

PayPal Cashback Mastercard, New 2% Cash Back Card with No Annual Fee

PayPal is introducing a a new credit card, named PayPal Cashback Mastercard, that offers customers 2 percent cash back on all purchases, with no annual fee. The rewards will appear in users’ online wallets and can be spent immediately on additional PayPal purchases or transferred to a bank. The card is issued by Synchrony Bank.

The card has been available to some users previously, but it is now publicly available to all through a dedicated application page. There’s currently no sign-up bonus offered on the card and I don’t expect to see one in the future either.

The card is similar to Citi Double Cash or the U.S. Bank Fidelity card that offer straight 2% cash back on all purchases. But the PayPal Cashback Mastercard does differentiate a bit, in a positive way, since it has no redemption threshold.

This is not a groundbreaking new product but it could be popular with consumers who still prefer straight cash back cards in general. It’s good to see yet another 2% cash back card, but there’s other cards out there that can get you an even better cash back rate, from USAA and Alliant.

If you’re interested in the PayPal Cashback Mastercard credit card, you can apply here and read more about it on this Bloomberg article.

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.

2 COMMENTS

  1. The fidelity card is with Elan, not US Bank now. I’m fairly new maybe 18 months? but I was never with US Bank.

    Elan may be the one behind the paypal cards ?

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