Getting a PayPal Mastercard is a great way to earn rewards and enjoy the benefits of a credit card connected to your PayPal account. By meeting the eligibility requirements, accurately filling out the application, and managing your account responsibly, you can enjoy the many benefits of having a PayPal Mastercard.
What is PayPal Mastercard?
PayPal Mastercard is a credit card issued by Synchrony Bank and it can be used anywhere Mastercard is accepted. It is connected to your PayPal account and offers various benefits such as cashback rewards and fraud protection. In this guide, we’ll go over how to get a PayPal Mastercard, the requirements you need to meet, and the steps you need to take.
What are the Requirements to get a PayPal Mastercard
To be eligible to apply for a PayPal Mastercard, you need to meet certain eligibility requirements such as being 18 years or older and having a valid PayPal account. You also need to provide specific documents during the application process, including government-issued identification and proof of income. In addition, you need to have a good credit score to be eligible for the card.
How to Apply for a PayPal Mastercard
To apply for a PayPal Mastercard, you can either apply online or through the PayPal mobile app. The online application process involves filling out a form with your personal and financial information. The mobile app application process is similar, but you can use your phone’s camera to scan your documents instead of uploading them manually. It’s important to accurately fill out your application to increase your chances of approval.
How long does it take for Approval
After submitting your application, it may take up to a few weeks to receive a response. Factors such as the completeness of your application and the volume of applications being processed may affect the speed of the approval process. You’ll receive an email with the status of your application and whether you’ve been approved or declined.
How to Activate PayPal Mastercard
Once you receive your PayPal Mastercard, you need to activate it by following the instructions included with the card. Activating your card will also enable the security features, such as a personal identification number (PIN), to protect your account from fraudulent activity.
How to Use PayPal Mastercard
You can use your PayPal Mastercard for online and in-person purchases just like any other credit card. You’ll also earn cashback rewards on your purchases, which you can redeem as statement credits or transfers to your PayPal account. It’s important to monitor your account regularly to ensure that there are no unauthorized transactions and to manage your rewards.