Cash back · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
Synchrony Bank PayPal Cashback Mastercard is a no-annual-fee cash back card from Synchrony Bank. It earns 1.5% on every purchase with no categories to track, plus 3% on PayPal.
On our reference budget of $24,600 a year it returns about $369, an effective 1.5% back.
It is a fine only card. It loses to category cards for people who spend heavily on one thing, and even then it belongs in the wallet for everything else. It charges 3% on foreign purchases, so leave it home when you travel abroad.
3% cash back when you check out with PayPal
No welcome bonus is stored for this catalog entry yet.
Synchrony Bank adds nothing beyond the World Mastercard benefits below.
These come from Mastercard, not from Synchrony Bank. Every card on the World Mastercard tier carries them, so they should not decide between two cards.
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
Enjoy a HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
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Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| PayPal Cashback Mastercard®This card · 1.5% on everything | None | $369 | +$369 | 481st of 1,291 |
| Verizon VisaSynchrony Bank's most-held other card · 4% on dining | None | $606 | +$606 | 10th of 1,291 |
| Savor RewardsThe strongest no-fee card on this budget · 3% on dining | None | $642 | +$642 | 4th of 1,291 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 1st of 1,291 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
