PayPal Credit Card - How to Apply Online

There are many credit cards on the market, but not all of them provide an unlimited 2% cashback on purchases. The PayPal credit card, officially known as the PayPal Cashback Mastercard®, does just that.

Synchrony Bank issued the PayPal card that comes with cashback and rewards with zero annual administrative fees. It’s simple and easy to access and use. 

Also, it comes with other features that are undoubtedly attractive to PayPal users.

FEATURES of Account

There is no redemption threshold, so you can redeem your cash anytime. This is one of the best features of the PayPal credit card, and it's a characteristic that’s not common to other similar cards.

While it’s linked to PayPal and you can use it to make purchases via your PayPal account, this credit card is just like any other. You can use it online, as well as offline, wherever MasterCard is accepted.

When PayPal approves you for the card, they will automatically open a credit line in your PayPal account. You will be able to use that immediately upon approval to buy whatever you want online.

A physical card will also be issued, but it will take between seven and ten days for it to arrive by mail.


The PayPal credit card is not very different from the other similar cashback credit cards out there. Just like the Citi Double Cash card, for example, the PayPal Cashback Mastercard also requires users to pay the bill on time. If you do that, you will get your unlimited 2% cash back for any purchases you make.

In addition, you must be an active PayPal member, so you have to use PayPal regularly for checking out when you make online purchases.

Another similarity with other cashback cards on the market is that the PayPal credit card doesn’t offer a sign-up reward. However, that’s not a downside since everyone prefers a card with higher rewards in the long run instead of one with a massive sign-up bonus and small rewards.

The best feature of the PayPal card is that it doesn’t require you to reach a minimum amount to redeem your cash. That’s excellent if you do not use it regularly.

The only downside is that all the cashback will be credited to your PayPal account. If you’re not an active PayPal user, you might find it troublesome. However, it shouldn’t be a problem for most people.

For those who don’t want to use PayPal for buying products and want their cash back in their pocket, there are some extra steps to perform. First, they have to redeem the rewards on their PayPal account. Then, they must transfer the money from PayPal to their bank accounts.


It is a rather straightforward process to apply for the PayPal Cashback Mastercard. All you have to do is to complete the application here and wait for the approval. 

Once PayPal has approved it, you have to sign the Credit Agreement. If everything works right, you will get a credit line on your PayPal account almost immediately.


The following conditions should be met to be eligible for the card.

  • US resident 18 years old or older
  • Acceptable credit history
  • No history of bankruptcy

The PayPal credit card is straightforward to use. Simply follow these steps.

  • Connect the card to your PayPal account
  • Make purchases using the card to get rewards
  • Log in to your card account regularly and redeem your cashback

Fees and Interest

All the fees and interest depend on your credit history. Users with an excellent history will get reasonable APR — 21.74%. On the other hand, those cardholders with an average or even poor credit history will receive a higher APR — up to 28.74%.

On the bright side, the PayPal credit card comes with no annual fees. That’s an advantage that cardholders can take advantage of, regardless of their credit history.


The PayPal credit card is an excellent asset for PayPal users who want to redeem cashback and rewards for their purchases. The PayPal Cashback Mastercard offers unlimited 2% cash back. 

That’s a feature that not many credit cards come with. If you’re an active PayPal user, you will undoubtedly find this card useful. Even more, you can also use it for offline shopping and enjoy the same rewards.

Note: There are risks involved when applying for and using credit cards. Consult the institution’s terms and conditions page for more information.

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