Updates to US PayPal Rewards Program
Why is PayPal discontinuing the cash back offering?
PayPal is streamlining its rewards program to deliver instant value at checkout, allowing customers to redeem their rewards when paying with PayPal at millions of retailers. This change allows us to focus on what customers want most as they look for better and more rewarding ways to shop and pay.
How do I earn rewards?
Customers have many ways to earn rewards with PayPal, including when using the PayPal Debit Mastercard® for qualifying purchases, discovering reward offers directly in the PayPal app, shopping with the PayPal Honey browser extension, and more.
Will PayPal Cashback Mastercard credit card customers still be able to earn cash back with this change?
PayPal Cashback Mastercard® credit card customers will continue to earn cash back. The change is applicable to PayPal Rewards only.
How can I redeem rewards once these changes are implemented?
As a PayPal customer, you can redeem rewards when checking out with PayPal at the same 100 points = $1 rate, for gift cards through PayPal Honey’s gift card offering, or donate them.
What about rewards earned through Honey?
PayPal Honey customers with a linked PayPal account can redeem their rewards the same as PayPal customers. For those without linked accounts, you can redeem to PayPal Honey’s gift card offering.
Is PayPal launching a new rewards program in June?
We are currently evolving our program to provide more benefits to our customers and will share more information at a later date.
When will customers no longer be able to redeem for cash back?
On August 1, 2026.
The PayPal Debit Mastercard® is issued by The Bancorp Bank, N.A. (“The Bancorp”) pursuant to a license by Mastercard International Incorporated and may be used everywhere Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Bancorp is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from PayPal.
PayPal is a financial technology company, not a bank. The Card is linked to your PayPal Balance account. Refer to PayPal Balance Terms and Conditions.
*Earn 5% back in PayPal Rewards Points on up to $1000 in monthly category spend. Terms apply.
Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Any card used in Apple Pay is offered by the card issuer.
Google Pay is a trademark of Google LLC.
Samsung Pay is a trademark of Samsung Electronics Co., Ltd.
ATMs must display the Mastercard®, Cirrus®, Pulse®, or MoneyPass® acceptable marks. Up to $400.00 USD daily withdrawal limit applies. Transactions at non-MoneyPass ATMs have a $2.50 ATM Domestic and International Withdrawal Fee. No fee for MoneyPass ATM Withdrawals in the U.S. International Transaction Fee applies for International ATM Withdrawals. ATM operator fees may also apply. Refer to the Cardholder Agreement for details.
