Rated 3/5.0 stars by our editorial team
Click the stars to submit your rating.
Rating already submitted!
Thanks for rating!
3/5.0 from 0 Offer Ratings
Over the Past 60 Days!
Reviews
"
"
CompareCards says issuers are providing such generous deals, they're virtually irresistible for those willing to switch.
"
"
Those who always pay their balances in full and on time will usually come out ahead.
"
"
The offers on the credit card landscape are constantly changing which is great news for consumers.
"
"
In the future, the companies that will thrive are those able to give customers exactly what they want, the way they want it, when they want it.
"
"
CompareCards was one of three sites that met all the criteria.
Trusted & Secure
Empowering over
50,000,000 card holders
Since 2005
This site is compensated by companies whose listings appear on this site. This compensation may impact how and where listings appear (such as the order or which listings are featured). This site does not include all companies or products available.
Add to Compare
- Regular Purchase APR N/A
- Intro Purchase APR N/A
- Intro BT APR N/A
- Annual Fee Plan fee is $4.95 monthly.
- Credit Needed Limited / Poor
- Card Brand Mastercard®
- Regular Purchase APR N/A
- Intro Purchase APR N/A
- Intro BT APR N/A
- Annual Fee Plan fee is $4.95 monthly.
- Credit Needed Limited / Poor
- Card Brand Mastercard®
Highlights
- Move money from your PayPal account to fund your prepaid card account.
- Earn cash back and personalized offers, just for using your card.
- With Direct Deposit, you can get paid faster than a paper check.
- Card issued by The Bancorp Bank, Member FDIC. Card may be used everywhere Debit Mastercard is accepted.
- Click PayPal Prepaid Mastercard® for additional features & program details, and to request a Card.
Card Fees
Foreign Transaction Fee
4%
Balance Transfer Fee
N/A
Penalty APR
N/A
Ongoing Information
Rewards Rate
Take advantage of PayPal cash back rewards and earn on qualifying purchases from select merchants.
Annual Fee
Plan fee is $4.95 monthly.
Expert Reviews
From the CompareCards.com Editorial Team, updated on Aug 20, 2024
If you’re a regular PayPal user looking for a prepaid card to use for purchases, then the PayPal Prepaid Mastercard® could be a good fit. You must have a PayPal account to access the card’s online services, and you can easily load PayPal funds to the card. The card can be used anywhere Mastercard debit is accepted.
There is a monthly fee of $4.95, but cardholders can benefit from special offers and Payback Rewards when using the card for purchases at qualifying stores, if they opt in to the rewards program. In addition, cardholders have the option to open a high-yield savings account through The Bancorp Bank.
Other options for loading funds onto the card include direct deposit or a cash reload through the more than 130,000 NetSpend Reload Network locations nationwide (for up to a $3.95 fee for each NetSpend reload).
Expert Reviews of the PayPal Prepaid Mastercard®
The Bottom Line
If PayPal is your go-to money source, then having a prepaid card with which to use those funds for cash or card purchases could come in handy. Plus, one of the biggest perks of the PayPal Prepaid Mastercard® is the ability to link it to a high-yield savings account (up to a 4.91% interest rate). However, due to the card’s numerous fees, you may find that the cost outweighs the convenience. While you may be able to avoid some of the fees, you will still be charged the monthly fee of $4.95.
The Good
The PayPal Prepaid Mastercard® is free to open as long as you have a PayPal account and any transfers made to the card from your PayPal accounts are free. The card can be used anywhere Mastercard or PULSE cards are accepted. If you opt to have your paycheck direct-deposited to the PayPal Prepaid Mastercard, those funds may be accessible up to two days faster than if deposited to a regular bank. Cardholders can also receive a free second card for a friend or family member. The purchase and ATM withdrawal limits are generous: $5,000 for purchases and a daily ATM withdrawal limit of $940. Another benefit is the card’s Refer-A-Friend program, where a $20 credit is granted to both cardholders once the referral cardholder verifies their identity and loads a minimum of $40 to their account.
The Not so Good
This is a prepaid card that won’t help build your credit score and, like many prepaid cards, assesses a variety of fees. For example, you’ll be charged a $4.95 monthly fee, along with a $1.95 ATM withdrawal fee (plus any ATM operator fees), a $2.50 bank withdrawal fee and a $1 fee for ATM transactions that are declined. There is also a daily limit of $300 on PayPal transfers and a $3.95 cash loading fee at NetSpend Reload Network locations.
Editorial Note: This content is not provided by NetSpend. Any opinions, 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 NetSpend.
Consumer Reviews
OFFER RATING
/5.0
Related Card Offers
Our pick for best unlimited travel rewards card
- Sign-Up Bonus 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
- Flexible Redemption Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- Rewards Rate 1.5 points per $1 spent on all purchases.
- Annual Fee $0
- Credit Needed Good / Excellent
- Card Brand Visa®
- Sign-Up Bonus 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
- Flexible Redemption Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- Rewards Rate 1.5 points per $1 spent on all purchases.
- Annual Fee $0
- Credit Needed Good / Excellent
- Card Brand Visa®
Highlights
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.49% - 28.49% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
See additional details for Bank of America® Travel Rewards credit card
Our pick for doubling your cash back
- Rewards Rate Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
- Intro Balance Transfer APR 0% intro APR for 18 months on Balance Transfers
- Regular Purchase & BT APR 18.49% - 28.49% (Variable)
- Annual Fee $0
- Credit Needed Fair / Good / Excellent
- Card Brand Mastercard®
- Rewards Rate Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
- Intro Balance Transfer APR 0% intro APR for 18 months on Balance Transfers
- Regular Purchase & BT APR 18.49% - 28.49% (Variable)
- Annual Fee $0
- Credit Needed Fair / Good / Excellent
- Card Brand Mastercard®
Highlights
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.49% - 28.49%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
See additional details for Citi Double Cash® Card
Our pick for best unlimited cash rewards card
- Welcome Offer Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Rewards Rate Earn unlimited 2% cash rewards on purchases
- Extra Perks No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Annual Fee $0
- Credit Needed Good / Excellent
- Card Brand Visa®
- Welcome Offer Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Rewards Rate Earn unlimited 2% cash rewards on purchases
- Extra Perks No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Annual Fee $0
- Credit Needed Good / Excellent
- Card Brand Visa®
Highlights
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
See additional details for Wells Fargo Active Cash® Card
