Financial products shouldn't be difficult for consumers to understand and use. This belief is a guiding principle at PayPal and has helped us become the digital wallet of choice for more than 210 million people around the world. We are constantly listening to our customers to understand what would make their PayPal experience even better. What we've heard is cash rewards are easy for customers to understand and simple to use. So, we set out to create a rewards credit card that's free from the usual restrictions – offering cash rewards to redeem when you want, how you want, on whatever you want.
Today, we are introducing the PayPal Cashback Mastercard in partnership with Synchrony Financial, the best 2% cash back credit card available with no annual fee and a straightforward, best-in-class approach to earning and redeeming cash rewards. Designed exclusively for PayPal members, the PayPal Cashback Mastercard offers cardholders 2% cash back on every purchase online and in stores – everywhere Mastercard is accepted. Unlike other rewards credit cards, there is no annual cash back limit, no minimum redemption amount, no restriction on how to spend cash rewards and no expiration. Simply put, the card rewards you with cash for the shopping you're already doing; that's money you can put aside for the future, or spend on things that make life more enjoyable.