What credit card does PayPal offer?

PayPal offers the PayPal Cashback Mastercard, issued by Synchrony Bank. It earns 3% cashback on purchases made through PayPal and 1.5% cashback on all other purchases. There is no annual fee and no minimum redemption — cashback deposits directly into your PayPal balance.

What credit score do you need for the PayPal credit card?

The PayPal Cashback Mastercard typically requires a good to excellent credit score — generally 670 or higher. Synchrony Bank, the issuer, tends to approve applicants with scores in the 680–700+ range for this product. Those with limited credit history are unlikely to qualify.

What is the APR on the PayPal credit card?

The PayPal Cashback Mastercard has a variable APR of approximately 19.99%–29.99% as of 2026, depending on your creditworthiness. There is no introductory 0% APR period. Carrying a balance negates the cashback rewards — pay in full each month for maximum value.

How is PayPal credit card cashback redeemed?

Cashback earned on the PayPal Cashback Mastercard automatically deposits into your PayPal account within a few days of each statement closing. There is no minimum redemption threshold — you can use it for PayPal purchases, transfer it to your bank, or withdraw it. Cashback does not expire while the account is open.

PayPal Credit Card 2026: 3% Cashback Review

The PayPal Cashback Mastercard earns 3% back on PayPal purchases and 1.5% back everywhere else, with no annual fee. Issued by Synchrony Bank. Here is the full review for 2026.

PayPal Cashback Mastercard at a Glance

Feature	Details
Issuer	Synchrony Bank
Network	Mastercard
Annual fee	$0
Cashback at PayPal	3%
Cashback everywhere else	1.5%
Cashback on PayPal Extras	Additional offers available
APR	~19.99%–29.99% (variable)
Intro APR	None
Foreign transaction fee	3%
Recommended credit score	670+
Redemption	Auto-deposit to PayPal balance

Cashback Calculation Examples

3% at PayPal category:

PayPal.com checkout, PayPal-integrated merchants (eBay, Poshmark, etc.)
PayPal in-person QR payments

On $2,000/month PayPal purchases:

$2,000 × 3% = $60/month → $720/year

On $2,000/month everywhere else:

$2,000 × 1.5% = $30/month → $360/year

Comparing the PayPal Card to Competitors

Card	At PayPal	Elsewhere	Annual fee
PayPal Cashback Mastercard	3%	1.5%	$0
Venmo Credit Card	3% (top category)	1%+	$0
Citi Double Cash	2%	2%	$0
Chase Freedom Unlimited	1.5%	1.5%	$0

The PayPal card is best if you frequently check out through PayPal. If you rarely use PayPal for purchases, a 2% flat-rate card like Citi Double Cash may earn more overall.

How to Apply

Go to paypal.com → Products → PayPal Credit Cards
Click Apply Now for the PayPal Cashback Mastercard
Provide your Social Security number, income, and address
Synchrony Bank runs a hard credit inquiry
Decisions are usually instant online

Pros and Cons

Pros:

No annual fee
3% at PayPal is one of the best rates for PayPal-heavy shoppers
Automatic cashback redemption — no thresholds, no portals
Accepted anywhere Mastercard is accepted

Cons:

3% rate requires PayPal checkout — not a general purchase card
No intro APR
No travel perks or transfer partners
3% foreign transaction fee (avoid abroad)
Foreign transaction fee makes it poor for international use

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Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy