PayPal Business Cashback Mastercard 2022 Review – Forbes Advisor

The PayPal Business Mastercard is part of a crowded field of competitors. Here are some other top options to know about:

PayPal Business Cashback Mastercard® credit card* vs. Ink Business Cash® Credit Card

The Ink Business Cash® Credit Card comes with a generous cash-back program, allowing cardholders to earn up to 5% back. However, the catch is that the 5% rate is capped, and only applies to specific spending categories.

You’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases.

There’s also a welcome bonus of $750 bonus cash back after spending $7,500 on purchases in the first 3 months from account opening.

The card’s annual fee is $0.

PayPal Business Cashback Mastercard® credit card* vs. Capital One Spark 2% Cash Plus*

The Capital One Spark 2% Cash Plus* earns 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. It does charge a $150 annual fee, but has a unique feature that will help businesses that spend big manage their cash flow—it’s a charge card, and has no preset spending limit.

Just note you can’t roll over a balance from one month to the next. You must pay in full each billing cycle, otherwise you’ll be charged a 2.99% monthly late fee.

There’s a welcome bonus: $500 after spending $5,000 in the first 3 months, plus an additional $500 if $50,000 is spent in the first 6 months.

PayPal Business Cashback Mastercard® credit card* vs. American Express Blue Business Cash™ Card

The Blue Business Cash card from American Express is another no-annual-fee cash-back card for small businesses (terms apply, see rates & fees). The card offers 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. If your business spends more than $50,000 per year, the PayPal business card is the winner in terms of annual cash back earned. However, some business owners may like the Blue Business Cash Card’s list of benefits—for example, this card comes with purchase protection covering your new purchases against damage or theft for 90 days.*

You can earn the following welcome bonus: $250 statement credit after making $3,000 in purchases within the first 3 months of account opening.

*When an American Express® Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.