PayPal Cashback Mastercard

The PayPal Cashback Mastercard's main appeal is a solid 1.5% back on everything with no annual fee, which rises to 3% when you pay through PayPal checkout, either online or with an in-store QR code. If you already route a lot of purchases through PayPal, that 3% rate can add up, and the 1.5% floor means the card never earns less than a basic flat-rate card. The catch is that the 3% applies only to purchases paid via PayPal, not to online shopping in general, so its value depends entirely on how often your favorite merchants offer PayPal checkout. There's no signup bonus listed, a foreign transaction fee rules it out for travel abroad, and the APR runs as high as 33.24%, so carrying a balance would quickly erase the rewards.