Account holders will receive a notification that the Rewards Program Terms for their PayPal Cashback Mastercard account have been updated. Cardholders will continue to earn unlimited 3% cashback when checking out with PayPal across millions of merchants and will now offer 1.5% cash back on all other purchases.

This change will automatically take effect on August 1, 2024.

Purchases are subject to credit approval, and the PayPal Cashback Mastercard must be used for payment. See Rewards Program Terms for details and restrictions.

The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.