The PayPal Cashback Mastercard benefits are improving! Account holders will receive a notification that the cashback rewards terms on their account have been upgraded.

The benefit of 2% cash back on all purchases has been replaced with unlimited 3% cash back on all PayPal purchases and 2% cash back on all other purchases where Mastercard is accepted.

If you already have the existing 2% PayPal Cashback Mastercard, you don’t need to do anything to take advantage of your upgraded rewards! This change will automatically take effect.