Like most of the top credit cards , it's intended for consumers who have good credit. Have I made a mistake? Has anyone applied for the cashback Mastercard? Please contact our Service Center for assistance with your PayPal Extras Mastercard or PayPal Cashback Mastercard account by calling the number on the back of your card or (866) 657-5788. The PayPal Extras Mastercard® might be better for people who really maximize its bonus categories, but the additional rewards aren’t enough to make up for the complication. This card is best for people who use Paypal regularly, as is my case. 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. The only way you can increase your PayPal credit limit is by making a purchase that is over your credit limit or credit availability. The PayPal Cash Back Mastercard is a bona fide 2 percent cash back card, offering unlimited cash back on all your purchases. ... 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. The card is basically useless. Press question mark to learn the rest of the keyboard shortcuts. No FTF is nice, particularly if you travel a lot. $20,000 income in Long Island, NY Learn more in Community Events. In addition to a simple rewards structure, the PayPal Cashback Mastercard offers a $0 annual fee and a variety of Mastercard benefits, including the following: It offers 3 rewards points per $1 spent at gas stations and restaurants, in addition to 2 points per $1 spent through PayPal and eBay, and 1 point per $1 on everything else. Overall, customers say they’re happy with their credit line and the cash back they earn with the card. PayPal Cashback Mastercard® reviews and complaints. I think they finally have its own website, but to be honest I never had any issue with being redirected to Synchrony. Earn 2% cash back* every time you buy – all while enjoying no annual fee. 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. The card, issued by Synchrony Bank, offers 2% cash back across the board—a flat rate as high as you’re likely … This is everything you need to know to make a good choice. Make sure your revolving utilization is below 30% when you apply or they may deny you. You can check the limit on your account by logging in to PayPal, then selecting PayPal Credit. PayPal Cashback Mastercard is a cashback credit card issued by PayPal Inc. Has anyone applied for the cashback Mastercard? 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. How to qualify for the PayPal Cashback Mastercard ®. There’s a bit of a quality vs quantity aspect when it comes to flat rate cash back cards in the industry. Providers like Citi and PayPal give you 2% because they know they low key suck and have to sweeten the deal to compensate but providers like Chase and Amex only give you 1.5% because that’s the actual standard in the industry. Same thing just happened to me! The limit on your credit card account is determined by Synchrony Bank. Both the PayPal Cashback Mastercard and PayPal Extras Mastercard credit cards are designed exclusively for PayPal members. Re: PayPal Cashback Mastercard - LOW credit limit? By browsing this website, you consent to the use of cookies. 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). Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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. All less than a year of credit history. Please ask questions and contribute to the knowledge surrounding credit cards. Plus, enjoy the added bonus of no annual fee. The only downside I have with this card is there’s no app for it. If you are eligible, you will receive an immediate increase. I signed up around November, since they had a promotion in which they gave you 4% Cashback until January. Yes. You are viewing the PayPal Community Archives. Shop anywhere Mastercard is accepted and earn cash back on every purchase. What good is 2% cash back if your limit is $250???????? 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. Because it’s a co-branded credit card, the PayPal Cashback Mastercard can be used anywhere Mastercard is accepted, giving you greater flexibility in using your credit account. I got approved, only to find out the credit limit was an unbelievably low $250! I don't have it personally, but I have been thinking of picking it up because I find it difficult to get to the $25 minimum for redeeming the cash-back on the Citi Double Cash since I seldom use it much anymore. PayPal Cashback Mastercard easy to get?? I have a great credit score (over 800), and I have a Visa with a limit of 25,000. It is important to pay them in full and on time. One with no limits on the cash back you can earn and no rotating categories to track? $20,000 income in Long Island, NY. Join over 500,000 fellow savers and subscribe to our daily newsletter. 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. 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 … Personally, I’ve loved my experience with this card. ** Apply Now† You must have an account with PayPal in order to apply for a PayPal Cashback Mastercard account. The PayPal Cash Back card is no exception: In return … 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. The PayPal Cashback Mastercard® is the clear winner between the two PayPal cards. I got approved, only to find out the credit limit was an unbelievably low $250! 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. Can I request a credit limit increase on my PayPal Extras Mastercard or PayPal Cashback Mastercard? 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. 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 had it for 2 years. To make a request, visit the Service Site and request a credit limit increase. The PayPal Cashback Mastercard is for PayPal users with good credit who want low-maintenance cash-back rewards on everything they buy. 2% flat cash-back is nearly unbeatable, especially on a free card with no foreign transaction fees. 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. Co-branded by PayPal and Synchrony Bank, this card offers an unlimited 2% back on all purchases, making it a very competitive entry in the world of cash back cards. I haven't had this low a limit since I was a sophomore in college in 1992! Only downside is the sub-par app. For example, if you have $40.00 available in credit and purchase an items for $50.00 and are approved, your credit limit will be increased by $10.00. 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.. Everything else has been good. 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. What is the limit on my PayPal Extras Mastercard, eBay Extras Mastercard or PayPal Cashback Mastercard? I've always liked that there is no minimum for redeeming your cash-back with this card. This content may be old or outdated. PayPal Cashback Mastercard® Review: Unlimited 2% Cash Back Credit Card Save more money every day. On paper it's a great card, only slightly worse than the doublecash in specific situations (not your situation). Total BAIT AND SWITCH! What'd you do to keep raising your limit? PayPal’s Cashback Mastercard® may be the credit card for you. Mind sharing your current cards and accounts, if any, for a better DP? I miss getting notifications for every purchase though, because it just makes me feel more secure. It’s my first credit card, as I was denied from the Discover It 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, All less than a year of credit history. 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. Did you just keep asking? The nice thing about the new double cash is that you can redeem to TYP in $1 increments, which can in turn be used as cash equivalents. I did today. Do I got my choices for my next card down to 2 (maybe 3) which is the PayPal Cashback MC, X1 and Citi Double Cash. At this time, PayPal can’t make any payment plan adjustments due to COVID-19. Press J to jump to the feed. Regardless, enjoy it! Applicants are approved for one of three interest rates, based on creditworthiness and other factors – from 21.49% - 28.49% Variable. Did this happen to anyone else? I’ve loved my experience thus far, customer service has been awesome and, as it’s my “starter” card, I’ve thoroughly enjoyed redeeming Cashback. I have a great credit score (over 800), and I have a Visa with a limit of 25,000. Based on similar competing cashback cards, the minimum score is probably around 620 FICO. I did today. You've been selected to apply for the PayPal Cashback Mastercard based upon your PayPal history. A subreddit for discussing any aspect of credit cards. Leave the Archive, Chat with our moderator team every Wednesday between 1-2pm PT (4-5pm ET). If you’re looking for a cash back credit card with $0 annual fee, the PayPal Cashback MasterCard® * is a strong pick. That's insane, no? You can access it through the PayPal app as well. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. It’s a … A credit score of 670 or higher is recommended to apply for the PayPal Cashback Mastercard®. Misleading and very disappointing! If you're wondering whether PayPal Cashback Mastercard is the right card for you, read on. With only two exceptions, I have changed all of my cards to be due on the 28th of every month. *APR as of Jan 1, 2018Both PayPal Mastercard Credit Cards are issued by Synchrony Bank under a license by Mastercard International Incorporated. Paypal from what I've heard is worse than Citi, but no, I don't think you've made a mistake. I've never owned it myself, though. Also no foreign transaction fees, which the Citi DC has. PayPal Cashback Mastercard - LOW credit limit??? I have that card and love it. 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. Lack of a "real" app to manage this card is frustrating, but the silly web view is actually better than Barclays' app. For people who don’t use Paypal regularly, perhaps the redeeming process might be a little inconvenient. Unlimited 2 percent cash back. Cons Of PayPal Credit. Eventually I'll get it higher, assuming the awful (compared to other cards) web interface doesn't trip me up. There’s no minimum or maximum in terms of the cash back you can earn, and the card has 3% foreign transaction fees. It is my go-to card for everyday non-category purchases. APR. 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. Only con I see at the moment is it cannot be added to Apple Pay, but it’s not a HUGE deal. I’m a college student too and cover daily expenses using this card. 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 … The downside is that you can only access the card via the PayPal website, no app, etc. Earn 2% cash back* on every purchase with the PayPal Cashback Mastercard ®. Any thoughts on this card? ©1999-2021 PayPal, Inc. All rights reserved. I also have perfect credit. I also love the no-minimum for redemptions as I am not a big spender. If you treat the card well, Synchrony does reward with growing credit lines. The PayPal Credit Card is a $0 annual fee credit card for people with good credit or better. The PayPal Cashback Mastercard® offers an unlimited 2% cash back on everything you buy with the card. Why on Earth is PayPal giving me a 250 dollar limit? New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. 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 … The minimum credit score needed for PayPal's 2% Cashback Mastercard is kept a secret. The card’s issuer, Synchrony Bank, is accredited by the Better Business Bureau (BBB) since … You made a good decision. It offers a much simpler rewards structure with a solid cash back rate on all purchases. You can check your balance and pay through the PayPal app, but it does not offer the same functionality of other major banking apps. I got my limit to go from $3k to $5/7/9 and finally $10k in a year. They can be used for your purchases on PayPal, as well as in stores and online - everywhere Mastercard is accepted.
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