Yes, the PayPal Extras Mastercard® is a credit card that’s issued by Synchrony Bank and offers cash back rewards.
If you spend a large amount on gas and dining each month, or if you regularly purchase items via PayPal or eBay, the PayPal Extras Mastercard® could be good to keep in your wallet. Issued by Synchrony Bank, the $0-annual-fee card offers 3 points per $1 spent on gas and restaurant purchases, 2 points per $1 spent on PayPal and eBay purchases, and 1 point per $1 spent on other purchases.
But while the PayPal Extras Mastercard® can be used anywhere Mastercard is accepted, know that the card is currently no longer accepting new applications.
We highlight the pros and cons of the PayPal Extras Mastercard®, and show how it compares to similar rewards credit cards.
Intro Purchase APR
N/A
Regular Purchase APR
19.99%, 23.99% or 26.99% variable
Intro BT APR
N/A
Regular BT APR
N/A
Annual Fee
$0
Cash Advance Fee
N/A
Foreign Transaction Fee
3%
Balance Transfer Fee
N/A
Rewards on everyday purchases
With the PayPal Extras Mastercard®, cardholders can earn points when shopping anywhere Mastercard is accepted. The card offers 3 points per $1 spent on gas and restaurant purchases, 2 points per $1 spent on PayPal and eBay purchases, and 1 point per $1 spent on other purchases.
Rewards can be redeemed for gift cards, merchandise, cash back or travel vouchers.
Mastercard benefits
Along with offering acceptance anywhere Mastercard is accepted, the PayPal Extras Mastercard® provides Mastercard benefits, including identity monitoring, theft resolution services, lost wallet assistance, credit monitoring, lost and stolen card reporting, emergency card replacement and access to Mastercard Airport Concierge services.
$0 annual fee
The PayPal Extras Mastercard® has a $0 annual fee. This is in line with the overall rewards rate and benefits the card offers.
Restrictions on redeeming rewards
Cardholders are required to reach the following earning thresholds before they can redeem rewards with the PayPal Extras Mastercard®:
Not currently accepting new applications
Unfortunately, the PayPal Extras Mastercard® isn’t currently accepting new applications, and it’s unclear whether Synchrony and PayPal will offer this card again in the future. If you’re interested in a PayPal card, you may want to consider the PayPal Cashback Mastercard®.
Can't carry both the PayPal Extras Mastercard® and the PayPal Cashback Mastercard®
In addition to the PayPal Extras Mastercard®, PayPal offers the PayPal Cashback Mastercard®. However, if you already have a PayPal Extras Mastercard®, you won’t be eligible for the PayPal Cashback Mastercard®. If you have a h PayPal debit card, you can still hold either credit card.
If you don’t use PayPal often and are looking for a general cash back card for everyday spending, the Wells Fargo Active Cash® Card is likely a better option. Like the PayPal Extras Mastercard®, it has a $0 annual fee. But rather than multiple rewards categories, cardholders earn unlimited 2% cash rewards on purchases. You can also earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Rewards can be used to cover past purchases, as credit to a qualified Wells Fargo mortgage, loan or credit product account, for cash in increments of $20 at ATMs or for gift cards. You can also use rewards to pay for merchandise at checkout with PayPal.
The Wells Fargo Active Cash® Card comes with a 0% intro APR for 15 months from account opening on purchases – which is ideal if you need to carry a balance on your card from month to month. After that, a 20.24%, 25.24%, or 29.99% Variable APR applies.
The card also offers a 0% intro APR for 15 months from account opening on qualifying balance transfers, then a 20.24%, 25.24%, or 29.99% Variable APR applies.
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Annual Fee | Intro Purchase APR | Regular APR | Intro Balance Transfer APR | Regular Balance Transfer Rate | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|---|---|---|---|---|
PayPal Extras Mastercard®*
Learn More
on Synchrony Bank's secure site |
N/A | N/A | 3 points per $1 spent on gas and restaurant purchases, 2 points per $1 spent on PayPal and eBay purchases, and 1 point per $1 spent on other purchases | $0 | N/A | 19.99%, 23.99% or 26.99% variable | N/A | N/A | Good/Excellent |
Learn More
on Synchrony Bank's secure site |
Wells Fargo Active Cash® Card*
Learn More
on Wells Fargo's secure site |
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months | Earn unlimited 2% cash rewards on purchases | $0 | 0% intro APR for 15 months from account opening | 20.24%, 25.24%, or 29.99% Variable APR | 0% intro APR for 15 months from account opening on qualifying balance transfers | 20.24%, 25.24%, or 29.99% Variable APR | Good/Excellent |
Learn More
on Wells Fargo's secure site |
|
PayPal Cashback Mastercard®*
Learn More
on Synchrony Bank's secure site |
N/A | N/A | 3% cash back on PayPal purchases and 2% on all other purchases | $0 | N/A | 20.24% for Account Type 1 or 29.24% for Account Type 2 or 32.24% for Account Type 3 | N/A | N/A | Good/Excellent |
Learn More
on Synchrony Bank's secure site |
Chase Freedom Unlimited®
 Apply Now
on Chase's secure site |
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases | $0 | 0% Intro APR on Purchases for 15 months | 20.49% – 29.24% Variable | 0% Intro APR on Balance Transfers for 15 months | 20.49% – 29.24% Variable | Good/Excellent |
Apply Now
on Chase's secure site |
For those who frequently use PayPal for purchases and also spend a lot at gas stations and restaurants, the PayPal Extras Mastercard® is a fine option. You have multiple ways to redeem points, including cashing out directly to your PayPal account balance. Unfortunately, this card isn’t accepting new applications, but you can still apply for the PayPal Cashback Mastercard®, which is a similar product.
That said, if you’re looking for a general cash back credit card, you can likely find a better option. Whether you’re looking for a card that offers rewards in everyday categories, like the PayPal Extras Mastercard®, a flat-rate, cash back card like the Wells Fargo Active Cash® Card, or a card with rotating bonus categories, like the Chase Freedom Flex℠, our list of best cash back credit cards covers options of all three types.
Yes, the PayPal Extras Mastercard® is a credit card that’s issued by Synchrony Bank and offers cash back rewards.
Once you receive your card, you can activate it by calling the number provided, or by scanning the QR code provided and following the instructions. You can also visit PayPal’s site to activate.
You can pay your bill through the PayPal app or at PayPal.com. You can also mail your payments to PayPal Credit Srvcs, or over the phone at 855-520-0991 (note, there may be an additional charge for expedited phone payments.
The information related to the PayPal Extras Mastercard® has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.