Press release
PayPal Introduces New Cashback Credit Card to Make Checkout with PayPal Even More Rewarding
PayPal and Synchrony announce New Cashback Credit Card That Offers 3% Cash Back on all PayPal Purchases SAN JOSE, Calif., April 5, 2022 /PRNewswire/ -- PayPal
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"PayPal and Synchrony announce New Cashback Credit Card That Offers 3% Cash Back on all PayPal Purchases\nSAN JOSE, Calif., April 5, 2022 /PRNewswire/ -- PayPal (NASDAQ: PYPL), today announced the introduction of the new PayPal Cashback credit card, issued by Synchrony, which gives customers even more cash back when they shop with PayPal. With the new card, customers earn unlimited 3% cash back when paying with PayPal at checkout – online, mobile, or in-store with PayPal QR Code where eligible – and unlimited 2% cash back on all other purchases anywhere Mastercard is accepted.\n\n \n \n \n \n \n \n\n \nMore than 60% of American consumers are now shopping both online and in-store, as well as across multiple spend categories1. As their shopping behaviors evolve from the pandemic, consumers are on the lookout for flexible ways to make smarter purchases and maximize rewards wherever they shop. The new card has no annual fee2, no category restrictions and can be added to a customer's PayPal wallet for easy, fast, and secure checkout.\n\"Our customers shopped across 34 different categories last year showcasing the diversity of their needs and interests, and we wanted to build a credit product that was flexible and better matched rewards with their spending behaviors,\" said Susan Schmidt, VP Consumer Credit, PayPal. \"The new PayPal Cashback credit card was designed so PayPal customers can earn rewards and get cash back for everyday purchases no matter what categories they spend in that month.\" \nDiscover What's New\nSmarter Way to Pay with PayPal: By using the PayPal Cashback credit card, customers can now pay with PayPal and get more rewards while shopping online, mobile, or in-store where available.Better App & Desktop Experience: The PayPal Cashback credit card offers customers a new user interface within the PayPal app and on the web, delivering a simplified and more integrated way to access rewards, manage purchases, and make payments.Easily Redeem Rewards & Make Money Go Further: In addition to earning more cash back when checking out with PayPal, customers can access rewards every day without having to wait for a monthly statement cycle. Based on account type, customers can have the freedom to choose how to use the rewards – whether they wish to make statement payments, make purchases from millions of retailers, or transfer fu...