Best Synchrony Bank Credit Cards

Card Details	The Offer	Is it Worth It?
Pros and Cons	Why 5 Stars?	Fees
Benefits

Card Details

Regular APR:	21.99%, 25.99% or 28.99% (Variable)
Intro APR (Purchases):	None
Intro APR (Balance transfers):	None
Rewards Rate:	Get 2% cash back every day, every purchase, every time you use your card
Credit Needed:	(670 – 850) Excellent/Good
Annual Fee:	None
Card Brand:	Mastercard

*See online credit card application for details on the terms and conditions.

Offer Highlights

• Get 2% cash back every day, every purchase, every time you use your card. No exceptions. No rotating categories to keep track of
• Redeem Cash Rewards right to your PayPal balance** — start enjoying your rewards today! No redemption threshold

Is PayPal Cashback Mastercard worth it?

PayPal Cashback Mastercard is a solid card for Paypal account holders who appreciate cash back as a form of redemption. You get 2% cash back every day, every purchase, every time you use your card. 2% unlimited cash back is as high as the best credit cards go, like the Citi Double Cash.

Note there have been customer reports of below average customer service on the PayPal side. The card is also issued by Synchrony Bank, which ranked 10/11 in a 2018 study by JD Power on customer satisfaction among credit card issuers.

Pros

• No redemption threshold: no minimum amount to redeem
• Cash back gets posted to your PayPal balance, then you can deposit it in your bank account if you want

Cons

• No foreign transaction fee
• Issued by Synchrony Bank, which does not have the most up-to-date customer portal experience
• Must have a PayPal account

Why 5 Stars?

Regular APR

The ongoing APR varies depending on your credit score, but the lowest it will be is above 20%. At worst, it could be 28.99%, which is very high.
4 Stars

Intro APR

There is no Intro APR for purchases or balance transfers.
4 Stars

Fees

There is no annual fee, no foreign transaction fee, no penalty APR, and no balance transfer fee. The cash advance fee is average at 3%.
5 Stars

Perks

2% unlimited cash back is as good as it gets. The competition have slightly different redemption schemes: With Citi Double Cash, you get 1% cash back when you make the purchase and 1% when you pay the bill. And with Fidelity Rewards Visa Signature Card, you only get 2% if you deposit into a Fidelity account.

With PayPal Cashback Mastercard, you deposit into your Paypal account, but once you take that step you can transfer the balance to your bank account.
5 Stars

Overall

The benefits aren’t great, but 2% unlimited cash back is excellent.
5 Stars

Fees

Foreign Transaction Fee	0%
Balance Transfer Fee	3% of the balance transfer amount or $5, whichever is greater
Cash Advance Fee	5% of the transaction amount or $10, whichever is greater
Penalty APR	Up to 29.99% APR

Benefits

$0 Fraud Liability

Extended Warranty Program

Purchase Protection

Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.

Credit Cards Research:

Best Credit Cards for 2021
These are the best credit cards for 2021.

Best Credit Cards for Excellent Credit
If you have excellent credit, check out these cards. These are the best cards for excellent credit with travel rewards and cash bonuses.

Best Credit Cards to Pay off Debt
The fastest way to pay off credit card debt is by transferring a balance to a 0% APR credit card. These are the best balance transfer cards on the market.