PayPal Cashback

The PayPal Cashback Mastercard is a credit card issued by Synchrony Bank that offers a flat 2% cash back on all eligible purchases. The cashback rewards are deposited directly into your PayPal balance at the end of each monthly billing cycle. It is distinct from the PayPal Extras Mastercard, which utilizes a tiered points system.

No, you cannot directly apply your PayPal cashback balance at Amazon checkout like you can with Amazon Prime Visa points. However, because your cashback is converted into cash inside your PayPal balance, you can use your PayPal Cash Card or PayPal Key to spend that balance on Amazon. Alternatively, you can withdraw the funds to your linked bank account.

As long as your PayPal account remains in good standing and is active, your cashback rewards do not expire. The rewards are instantly converted to cash deposited into your PayPal balance, removing the worry of losing points due to complex loyalty program rules. If PayPal closes your account due to inactivity or violations of their user agreement, however, you may forfeit any unredeemed balance.

Following PayPal's acquisition of Honey, users can automatically earn cashback through the Honey Gold rewards program, which is now known as PayPal Rewards. When you make a purchase using a promo code found by the Honey browser extension, you earn points that are deposited into your PayPal account. These points can then be redeemed for cash back or various gift cards.