
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Up to 3x
Points
$0
Annual fee
19.99%, 23.99% or 26.99%
Purchase APR (variable)
740
Recommended credit score
Review by
Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.
Synchrony Bank offers conditional approval online, which means you could see a decision in under a minute.
After you’re approved, your card arrives by mail in seven to 10 business days. If your card doesn’t show a pending status, you can use a temporary credit line to make purchases before you even receive the card. When you get the card, your full credit line then becomes available.
Where you spend | How much you spend | Points you earn |
---|---|---|
Gas | $2,000 | 6,000 |
Restaurants | $2,000 | 6,000 |
PayPal | $1,500 | 3,000 |
eBay | $1,500 | 3,000 |
Everything else | $6,000 | 6,000 |
Total | $13,000 | 24,000 |
If this looks like your annual spending, the card could earn you 24,000 points. Considering the value of points for cash back is 0.83 cents as of October 2018, the points you’ve accumulated are worth around $200.
Synchrony Bank issues this PayPal card, and in most cases they pull your credit from TransUnion.
What credit cards does PayPal accept?
You must be a US citizen and at least 18 years old to apply for the card.
In your application, you’ll provide personal and financial information that includes your:
At the end of your application, you can sign up for the optional card security program, which allows you to cancel an account balance of up to $10,000 in cases of unemployment, disability, hospitalization, loss of life, a leave of absence or a nursing home stay.
You can apply with a score in the low 600s. For a better chance of approval and a higher credit line, apply with a good to excellent credit score of 740 or higher.
Satisfied customers say they received high credit lines or managed to increase their credit line after only a few months of using the card.
As of August 2021, Synchrony Bank earns an A+ from the Better Business Bureau (BBB), which has accredited the bank since 2006. Most customer complaints on Synchrony’s BBB page relate to poor customer service from the bank in general and hidden fees attached to cards.
To avoid surprise fees, carefully read your card agreement and ask questions about anything you might not understand. As of this writing, Synchrony Bank has answered or resolved its complaints posted to the BBB.
To redeem your points:
The PayPal Extras Mastercard® has minimum redemption requirements that depend on what you’re redeeming your points toward:
To redeem your points for flights, hotel stays and car rentals, you must book your travel at least 21 days in advance.
Call 866-300-6432 with any questions about rewards redemption.
If your spending tends to focus on gas, dining and PayPal or eBay purchases, the PayPal Extras Mastercard® could be a solid way to earn rewards for gift cards, merchandise, cash back or travel. And no annual fee makes it a good long-term choice.
To find a card that meets your specific spending and financial needs, read our guide to rewards credit cards.
Images: PayPal