PayPal Rewards Card

The PayPal Rewards Card offers a range of benefits including PayPal Points earned on everyday purchases, no annual fee.

Updated 18 May 2022

Expert Review

The PayPal Rewards Card is PayPal's low fee product. This is also the only credit card PayPal offers. Featuring a relatively high points earn rate which is PayPal's highest and uncapped, the card provides great value. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% for earning $100 back in value, such as on a gift card, for an average spend of $5,000 per month. Further, the product has no annual fee, which is PayPal's lowest standard annual fee, including up to 55 interest free days. As a result, this card is one of only a limited number that offer an ongoing $0 Annual Fee.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include no additional cardholder fees.

Product Details

Rewards

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Earn PayPal Points

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1point per $1 spent

Fees

Account Fees

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$0 annual account fee

Transaction Fees

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3.50% international transaction fee

Other fees may apply.

Rates

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20.99% p.a. purchase rate

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21.74% p.a. cash advance rate

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Up to 55 interest fee days on purchases

Offers

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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the PayPal website.

More information

^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.

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Stay or Go Pty Ltd (“Stay or Go”) provides information about and compares credit products in the Australian market and is authorised to do so as the holder of Australian Credit Licence 527092. We do not compare every credit product in the Australian market. We are not a credit provider and we do not provide credit assistance. When we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via our website, you are not applying with us, you are applying directly with the credit provider and will be redirected to their website. We endeavour to ensure that the information on this website is current and accurate however, before entering into any credit product with a credit provider displayed on our website, you should confirm the fees, rates, product information, and eligibility criteria with the credit provider and read the Target Market Determination (TMD) available via their website. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice. The use of any trade name or trademark on this website is for identification, comparison and reference purposes only and does not imply any association with the trademark holder or their brand. Please refer to our Terms of Use for more details.