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Posted 03/05/2019

Everything you need to know about PayPal MasterCard cashback and extras

Everything you need to know about PayPal MasterCard cashback and extras

Digital wallets and online payment systems like PayPal can make it easier to transfer money or make electronic payments.

Need friends to pay you back for concert tickets? Done. Quickly send your league manager that fantasy football buy-in you forgot about? Easy. Buy that cute gift you wanted to grab off Etsy? Just a few clicks and voila!

Online payment methods including are rising in popularity. But credit cards aren’t going anywhere anytime soon. Do PayPal credit cards offer the best of both worlds?

In this in-depth review, you’ll learn about the PayPal Cashback MasterCard and the PayPal Extras MasterCard. We outline the main benefits, programs, fees, and drawbacks of each so that you can answer that question for yourself!.  

Both PayPal MasterCard Credit Cards are issued by Synchronous Bank under a license by MasterCard International Incorporated. Both of these cards can be used for purchases anywhere MasterCard is accepted.

If you don’t have a PayPal account, you’ll need one to reap the full benefits of these cards, including redeeming cash and points directly to your PayPal account.

PayPal Credit Card Differences In Benefits (In-Depth)

As you can see from the table above, the most significant differences between these cards are in their rewards and benefits. Let’s check them out.

The PayPal Cashback MasterCard will earn you 2% cash-back on every purchase through their Cash Rewards program.

There are no restrictions on the type of purchases that earn cash-back. Cardholders enjoy 2% cash-back* on all purchases. Qualifying purchases do not include balance transfers, cash advances, convenience checks, disputed or unauthorized purchases, fraudulent transactions, or any other transactions that aren’t eligible to earn rewards.


Bonus rewards may be available for certain purchases from time to time, offering a higher percent cash-back than the standard 2%.

An Everyday Spend Card

The PayPal Cashback MasterCard is an everyday spend card, as there are no category or quarterly bonuses.

If directly linking your cashback to your PayPal account is crucial to you, this card may be a good choice. If you want an everyday spend credit card that earns you cash-back on almost all of your purchases and you don’t care about PayPal, see the Alternative Rewards Credit Cards section below.

Redeeming Your Cashback

Cash rewards are available for redemption on a monthly basis. Rewards are available for transfer to your PayPal Account the billing period after the period after you earn them. You’ll earn one month and can redeem the next.

To make the transfer, cardholders should:

  • Log in to your PayPal account
  • Access your Rewards Summary Page
  • Transfer the amount of your choosing to your PayPal balance

Once complete, rewards will be ready to use once. There is no minimum redemption threshold to transfer cash rewards.

Remember, to utilize the Cash Rewards Program (to earn or transfer cash-back), your credit card account and PayPal account must be open, in good standing, and linked to each other.

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