You can get a PayPal CashBack Credit Card by applying for one online, but you need at least good credit to qualify for approval. The issuer will also take into account your income, debt and number of open accounts, among various other factors when considering your application.
Log in to your PayPal account to access the application.
Fill out and submit the application, making sure all your personal information is correct.
Wait for a decision. You could be approved instantly, or it might take another 1-2 weeks.
Keep in mind that you don’t need a PayPal CashBack Credit Card to use a credit card on PayPal. For example, the PayPal CashBack Credit Card doesn’t offer a 0% introductory APR, so it’s not ideal for financing. You might benefit more from a card like the Wells Fargo Active Cash® Card that awards cardholders with 2% cash rewards on all purchases. This card also offers a 0% intro APR on purchases for 18 months (13.99% - 23.99% (V) regular APR).
The PayPal Extras MasterCard has the following benefits and disadvantages:
Decent rewards system (3 points/$1 spent at restaurants, 2 points/$1 spent at PayPal and eBay, 1 point/$1 on all other purchases). 6,000 points are worth a $50 PayPal credit, meaning each point is worth 0.83 cents.
Interest rate is a relatively high at 19.99%- 23.99% variable.
Rewards system is inferior to other cards’ in this range, for example the Barclaycard Rewards MasterCard offers a better value for your points (i.e. each point is worth 1 cent) and 2% cash back on purchases for gas, groceries and utilities.
No, there is no Chase Freedom Flex PayPal deal at the moment. However, PayPal is sometimes part of the bonus category for the 5% cash back with Chase Freedom Flex. But since categories differ from year to year, it’s hard to know when the PayPal deal will be available again.
If you want to link your Chase Freedom Flex to a PayPal account, log in to PayPal, click “Wallet” and select “Link a card or bank.” Then, click “Link a credit or debit card,” enter the card’s information and press “Link Card.” There are no fees for making purchases on PayPal using Chase Freedom Flex or any other credit card.
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