For people who don’t use Paypal regularly, perhaps the redeeming process might be a little inconvenient. Both the PayPal Cashback Mastercard and PayPal Extras Mastercard credit cards are designed exclusively for PayPal members. Regardless, enjoy it! Press question mark to learn the rest of the keyboard shortcuts. Total BAIT AND SWITCH! Lack of a "real" app to manage this card is frustrating, but the silly web view is actually better than Barclays' app. If you're wondering whether PayPal Cashback Mastercard is the right card for you, read on. Earn 2% cash back* on every purchase with the PayPal Cashback Mastercard ®. I also love the no-minimum for redemptions as I am not a big spender. Have I made a mistake? The minimum credit score needed for PayPal's 2% Cashback Mastercard is kept a secret. Low Credit Limit: Unlike a traditional line of credit, PayPal Credit limits are comparable to or even lower than most credit card limits, with the majority of users’ limits ranging from just $250 to a few thousand dollars. I got this card before travelling overseas for the no foreign transaction fee (Citi charges 3%), and it's been my go-to ever since. I am a college student, and after being declined for the Citi DoubleCash credit card, I saw that PayPal was offering a 2% flat no annual fee credit card as well. Like most of the top credit cards , it's intended for consumers who have good credit. You made a good decision. You can access it through the PayPal app as well. A subreddit for discussing any aspect of credit cards. PayPal’s Cashback Mastercard® may be the credit card for you. I think they finally have its own website, but to be honest I never had any issue with being redirected to Synchrony. You can get to the Service Site by logging in to your PayPal account, then clicking the "View Card Details" link in the PayPal Extras MasterCard section on … With only two exceptions, I have changed all of my cards to be due on the 28th of every month. The card is basically useless. Has anyone applied for the cashback Mastercard? There’s no minimum or maximum in terms of the cash back you can earn, and the card has 3% foreign transaction fees. ... PayPal says you’ll start out with a minimum credit line of $250 with the possibility for a credit limit increase from time to time. Along with the PayPal Cashback Mastercard, the PayPal Extras Mastercard is one of two rewards credit cards offered by PayPal and issued by Synchrony Bank.But unlike the Cashback Mastercard, which carries a flat 2% cash back rate on all purchases, the PayPal Extras Mastercard earns points in tiered bonus categories, offering an outsized rewards rate on dining and gas, as well as PayPal … Cons Of PayPal Credit. I haven't had this low a limit since I was a sophomore in college in 1992! The PayPal Cashback Mastercard® is the clear winner between the two PayPal cards. 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. What good is 2% cash back if your limit is $250???????? They can be used for your purchases on PayPal, as well as in stores and online - everywhere Mastercard is accepted. Why on Earth is PayPal giving me a 250 dollar limit? I got approved, only to find out the credit limit was an unbelievably low $250! The exceptions are PayPal Cashback (Synchrony) and the soon-to-be-reissued Ally CashBack (TD Bank), both of which only offer me 2-4 date choices that never seem to change. The card has no annual fee and also has no sign-up bonus, and is really straightforward.You earn 2% cashback on all purchases, and the balance is deposited directly into your PayPal account (and can then be transferred to your checking account if you’d like). Leave the Archive, Chat with our moderator team every Wednesday between 1-2pm PT (4-5pm ET). I did today. My limit for this PayPal card is only $300 because of when I applied (after opening too many other cards through 2019), but that's largely on me and my application timing. Everything else has been good. Only downside is the sub-par app. Yes. Did this happen to anyone else? I have that card and love it. APR. I did today. No FTF is nice, particularly if you travel a lot. Press J to jump to the feed. The card, issued by Synchrony Bank, offers 2% cash back across the board—a flat rate as high as you’re likely … On paper it's a great card, only slightly worse than the doublecash in specific situations (not your situation). Unlimited 2 percent cash back. PayPal Cashback Mastercard® Review: Unlimited 2% Cash Back Credit Card Save more money every day. $20,000 income in Long Island, NY. If you’re looking for a cash back credit card with $0 annual fee, the PayPal Cashback MasterCard® * is a strong pick. The PayPal Cash Back Mastercard is a bona fide 2 percent cash back card, offering unlimited cash back on all your purchases. Earn 2% cash back* every time you buy – all while enjoying no annual fee. Mind sharing your current cards and accounts, if any, for a better DP? Eventually I'll get it higher, assuming the awful (compared to other cards) web interface doesn't trip me up. I have a great credit score (over 800), and I have a Visa with a limit of 25,000. The PayPal Cashback Mastercard is a high-powered engine for flat-rate cash back, and it is one of the few rewards cards to reap unlimited 2 percent cash back on all purchases. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. It’s my first credit card, as I was denied from the Discover It card. I miss getting notifications for every purchase though, because it just makes me feel more secure. On paper it looks like a better card than Citi DC because you don't need $25 to redeem and there's no foreign transaction fees. Make sure your revolving utilization is below 30% when you apply or they may deny you. Paypal from what I've heard is worse than Citi, but no, I don't think you've made a mistake. There’s a bit of a quality vs quantity aspect when it comes to flat rate cash back cards in the industry. Borrowers with good or excellent credit scores are most likely to qualify for the PayPal Cashback Mastercard ®, but those working to better a poor credit score may qualify for a card, too.. You can check the limit on your account by logging in to your PayPal account, then selecting yourPayPal Extras Mastercard, eBay Extras Mastercard or PaPal Cashback Mastercard from your Wallet. Can I request a credit limit increase on my PayPal Extras Mastercard or PayPal Cashback Mastercard? Please contact Synchrony Bank at 844-373-4961, Mon-Fri 8am-11pm ET, and Sat-Sun 9am-9pm ET to make those adjustments, but note that wait times may be longer than usual. PayPal Cashback Mastercard - LOW credit limit??? Overall, customers say they’re happy with their credit line and the cash back they earn with the card. PayPal and Synchrony Bank have partnered to launch the PayPal Cashback Mastercard – a new credit card that gives cardholders 2 percent cash back on everything they buy. Probably not going to go with Citi due to a lot of the comments I've read about their unpredictable approvals, difficult customer service and extra info that they ask for when apping. The only way you can increase your PayPal credit limit is by making a purchase that is over your credit limit or credit availability. Has anyone applied for the cashback Mastercard? Shop anywhere Mastercard is accepted and earn cash back on every purchase. You've been selected to apply for the PayPal Cashback Mastercard based upon your PayPal history. The PayPal Cashback Mastercard is for PayPal users with good credit who want low-maintenance cash-back rewards on everything they buy. Join over 500,000 fellow savers and subscribe to our daily newsletter. It’s a … Please ask questions and contribute to the knowledge surrounding credit cards. The PayPal Cash Back card is no exception: In return … I've never owned it myself, though. You can check your balance and pay through the PayPal app, but it does not offer the same functionality of other major banking apps. The downside is that you can only access the card via the PayPal website, no app, etc. Discover It - $2000 limit Chase Amazon Prime Credit Card - $1000 limit Apple Card - $1000 limit Amex Cash Magnet - $2000 limit PayPal Cashback MasterCard - $2500 limit, All less than a year of credit history. How to qualify for the PayPal Cashback Mastercard ®. This is everything you need to know to make a good choice. I've had it for 2 years. The downside is that Synchrony Bank (the issuing partner) has some of the least friendly customer service reps I've ever spoken to in any industry, and they're not very accommodating with things like adjusting payment due dates. Applicants are approved for one of three interest rates, based on creditworthiness and other factors – from 21.49% - 28.49% Variable. This card is best for people who use Paypal regularly, as is my case. I got approved, only to find out the credit limit was an unbelievably low $250! PayPal Cashback Mastercard is a cashback credit card issued by PayPal Inc. I got my limit to go from $3k to $5/7/9 and finally $10k in a year. I have a great credit score (over 800), and I have a Visa with a limit of 25,000. It is my go-to card for everyday non-category purchases. This is the biggest thing I miss - I wanted this card for the no FTF (I go to Canada almost once a month at this point for day trips) and to have a daily spender when my Freedom or Discover IT don't cover my purchase with their 5% category. I’m a college student too and cover daily expenses using this card. That's insane, no? This content may be old or outdated. ©1999-2021 PayPal, Inc. All rights reserved. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The only downside I have with this card is there’s no app for it. The card’s issuer, Synchrony Bank, is accredited by the Better Business Bureau (BBB) since … One with no limits on the cash back you can earn and no rotating categories to track? Personally, I’ve loved my experience with this card. Only con I see at the moment is it cannot be added to Apple Pay, but it’s not a HUGE deal. PayPal Cashback Mastercard easy to get?? At this time, PayPal can’t make any payment plan adjustments due to COVID-19. Any thoughts on this card? Discover It - $2000 limit Chase Amazon Prime Credit Card - $1000 limit Apple Card - $1000 limit Amex Cash Magnet - $2000 limit PayPal Cashback MasterCard - $2500 limit. I've always liked that there is no minimum for redeeming your cash-back with this card. Learn more in Community Events. PayPal’s new credit card offers 2% cash back with no annual fee Andy Bowen – Senior Editor Last Updated: August 19, 2020 Say hello to PayPal’s latest venture: the PayPal … Misleading and very disappointing! Every 2 percent cash back card comes with some stipulations — the Citi Double Cash card, for instance, requires you to pay your bill on time to earn the full 2 percent rewards rate. It offers a much simpler rewards structure with a solid cash back rate on all purchases. To make a request, visit the Service Site and request a credit limit increase.