PayPal Cashback Mastercard Now Earns Only 1.5% on Most Purchases

PayPal Cashback Mastercard Cuts Earning Rate to 1.5%

Pay Pal introduced  new PayPal Cashback Mastercard in 2022, offering 3% cash back every time you shop with PayPal and 2% cash back when you shop everywhere else.

Now there’s a negative change on the card, which cuts the earning rate on most purchases. You will still continue to earn unlimited 3% cash back when you checkout with PayPal, but only 1.5% on all other purchases everywhere else Mastercard is accepted.

There are many cards that will earn you 2% cash back everywhere.