PayPal Debuts a Credit Card That Offers 2% Cash Back
- PayPal’s newest co-brand venture will offer 2% cash rebate
- Majority of consumers favor rewards cards that give money back
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PayPal Holdings Inc. is turning to its old nemesis, plastic, to help it expand beyond the digital realm.
The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchases -- one of the industry’s highest rebate rates -- with no annual fee. The rewards will appear in users’ online wallets and can be spent immediately on additional PayPal purchases or transferred to a bank.