New Credit Card From PayPal and Synchrony Financial - Promotions News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Promotions » New Credit Card From PayPal and Synchrony Financial

New Credit Card From PayPal and Synchrony Financial

New Credit Card From PayPal and Synchrony Financial

PayPal and Synchrony Bank are rolling out the new PayPal Cashback MasterCard, offering 2% cash back to cardholders on all their purchases, whether they are buying a latte, a new outfit, airline tickets or anything else. Cardholders can earn unlimited cash back and have no minimum redemption amounts or expiration dates to deal with.

The card was designed with PayPal members in mind, so once approved it is added into their PayPal wallet and they can start using it before the actual card arrives in the mail.
“The introduction of the PayPal Cashback MasterCard with Synchrony Bank continues PayPal’s commitment to provide customers with rewarding product experiences and a range of innovative credit options,” said Mark Britto, senior vice president, Global Credit, PayPal.

“By providing a simple way for people to earn cash rewards for the shopping they’re already doing, the PayPal Cashback MasterCard will give consumers yet another reason to shop with PayPal,” he said.

Additional benefits

There are no revolving categories with the PayPal Cashback MasterCard, people earn cash back on all purchases. There is no annual fee for this card.

When cardholders want to use their cash back rewards they can have it transferred directly into their PayPal account and it will show up in their balance.

This card is part of the MasterCard system and comes with benefits typically associated with it, including zero fraud liability protection to take the sting out of issues with hackers and cyber thieves. The card also includes extended warranty coverage, identity theft resolution assistance, and purchase protection.

When cardholders use the PayPal Cashback MasterCard to buy items and services through PayPal, they are eligible for free PayPal Purchase Protection.

Not a new partnership

In 2004 PayPal and Synchrony Bank started working together to create credit cards offering people ways to use PayPal to shop in both real-time and while online.

“We are excited to continue deepening our relationship with PayPal, a digital payments leader who shares the same vision of providing simple and convenient payment solutions for customers,” said Curtis Howse, senior vice president and general manager, Diversified Client Group, Synchrony Financial. “We look forward to advancing our partnership to provide even greater value for cardholders.”

To get more information about what the PayPal Cashback MasterCard has to offer, check out the website.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Earning Cash Back with Groupon Plus
Earning Cash Back with Groupon Plus

Posted: September 13, 2017

People who use Groupon can earn cash back with the rollout of Groupon+. After signing up for Groupon+ people earn as much as 30% cash back on deals offered by over 1,500 local restaurants, as long as they use their registered Visa or... Continue reading
MasterCard and PayPal Go Global
MasterCard and PayPal Go Global

Posted: October 23, 2017

MasterCard and PayPal have worked together for some time but now they are taking their relationship to a more global level with the inking of a new deal giving consumers in Europe, Canada, Africa, Latin America, the Caribbean and the... Continue reading
Sending Money via Western Union to Debit Cards
Sending Money via Western Union to Debit Cards

Posted: November 14, 2017

MasterCard and the Western Union Company are teaming up so that people will be able to send money via Western Union to any debit card in the U.S., even if the card is not part of the MasterCard network. The duo is working toward... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants,, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Enjoy peace of mind with $0 Fraud Liability
For Fair Credit