PayPal Cashback Mastercard® from Synchrony: annual fee, APR and rewards
Fact sheet for the PayPal Cashback Mastercard®, issued by Synchrony, with no annual fee and cash back. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.
| Issuer | Synchrony |
|---|---|
| Network | Mastercard |
| Annual fee | $0 |
| Rewards | Cashback: Earn unlimited 3% cash back when you checkout with PayPal and 1.5% on all other purchases everywhere else Mastercard is accepted. |
| Purchase APR | 18.49% for Account Type 1 or 30.24% for Account Type 2 or 33.24% for Account Type 3 when you open your account, based on your creditworthiness and other factors. After that, your APR will vary with the market based on the Prime Rate. |
| Foreign transaction fee | 3% of each transaction |
| Credit level | Excellent, Good (tiers the issuer reports to the CFPB) |
What new cardholders actually got
In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 25.87%, with a range of 18.49% to 33.24%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.
Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.
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Checked on October 16, 2026 on the issuer's official site. Terms change: confirm before you apply. paypal.com/us/digital-wallet/manage-money/pa… · synchronybankterms.com/syfterms/html/PayPalCashbackApply…