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PayPal Business Cashback Mastercard Review — Useful benefits with a simple rewards program

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Agilely managing cash flow is essential to the success of your business. This applies whether you are just starting out or have been running your business for decades. While many financial products and services exist to help you manage your business finances, the right credit card can be an invaluable tool.

If you’re looking for a new business card, the PayPal Business Cashback Mastercard® is an easy option. With convenient benefits and a simple rewards program, this card can make it easier to manage your business expenses.

The PayPal Business Credit Card has an APR ranging from 18.49% to 29.99%, depending on your creditworthiness.

With the PayPal Business Cashback card you pay no annual fees, so you can leave more money in your business bank account.

Unlike some cashback credit cards on the market, the PayPal Business Cashback Card does not have a welcome offer.

This card does not offer a 0% introductory APR on new purchases or balance transfers; the regular APR applies immediately.

With this card, you don’t have to worry about planning your expenses or switching categories. Instead, your business can earn unlimited 3% cash back on PayPal purchases and 2% unlimited cash back on all other business purchases.

PayPal gives you the option to redeem your rewards as credit, but you can also deposit them into your linked PayPal account. You need at least $1 in rewards to redeem them.

Once approved for the PayPal Business Card, you may receive access to a virtual card that you can use directly through your PayPal Business Account. With this card you don’t pay extra for employee cards and you can adjust users’ spending limits for convenience and extra peace of mind. Benefits also include cell phone and identity theft protection, as well as two-year extended warranty coverage.

Furthermore, in-store purchases may qualify for the higher 3% cashback rate, provided retailers accept QR code payments through the PayPal app.

To qualify for the PayPal Business Cashback card, you must have been in business for at least a year, have a PayPal Business account and earn more than $5,000 in annual revenue. In addition to the qualification requirements, this card is best for frequent PayPal users because the rewards rate is the highest for purchases made through that service. Another card may be a better choice if your business relies on another payment service to purchase goods and services.

  • Decent, simple cashback rewards

  • Virtual card can be used immediately after approval

  • No annual fees

  • Free employee cards

  • Mobile phone protection

  • Extended warranty coverage

  • New entrepreneurs may not be eligible

  • No 0% introductory APR

  • No welcome offer

  • PayPal Business account required

  • Not available for businesses in North Dakota and South Dakota

The PayPal Business Cashback Card is a Mastercard, so you can use it anywhere Mastercards are accepted, including internationally. With this card you do not pay foreign transaction fees.

  • Phone number: 1-866-300-6432, available 24/7

  • PayPal Business Cashback Card

If you regularly use a PayPal Business account to make purchases, the PayPal Business Cashback Card may be a good choice. That said, some competitor cards offer a longer list of benefits. Here are some alternatives worth considering if the PayPal Business Cashback card doesn’t seem right for you.

Why we like it:

There are no annual fees with the PayPal Business Cash Card, but the generous welcome bonus sets this card apart: Card members can earn $750 cash back after spending $6,000 in the first three months.

This card’s rewards structure is a little more complicated than the PayPal Business Cashback card, but the redemptions are also more flexible. You can get up to 5% cash back on $25,000 spent at office supply stores and on internet, cable and phone services each card member year; 5% back on Lyft rides through March 2025; 2% cash back on $25,000 spent at gas stations and restaurants; and 1% cashback on all other purchases.

You can use your cash back for a variety of purposes, including cash, travel through the Chase Ultimate Rewards portal, gift cards, and more.

Why we like it:

Luckily, you don’t have to choose between a card with a welcome offer and a card with simple rewards, because this one has both. As a card member, you can earn €750 in cash back after spending €6,000 in the first three months.

And you don’t have to worry about keeping track of categories or reward limits, either. You’ll simply earn 1.5% unlimited cash back on all your business purchases, and you can redeem your rewards for cash, gift cards, travel through Chase Ultimate Rewards, and more. The Ink Business Unlimited credit card also has a $0 annual fee.

Why we like it:

It also has a $0 annual fee and a welcome offer with a fairly low minimum spend requirement. You can earn a $250 statement credit once you spend $3,000 in the first three months. As a card member, you also get 2% cash back on business purchases worth up to $50,000 each calendar year, and 1% cash back thereafter (the cash back is automatically applied as a statement credit; see , terms and conditions apply.)

In addition to the welcome offer and simple rewards, this card offers a 0% introductory APR on purchases for 12 months after account opening (18.49% – 26.49% variable APR thereafter). This can be useful if you’re planning a large business purchase and need some extra time to pay off your balance.

This article was edited by Rebecca McCracken

Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. Details of financial products, including card rates and charges, are accurate as of the date of publication. All products or services are offered without warranty. Check the bank’s website for the most current information. This site does not contain all currently available offers.

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