The PayPal Business Mastercard is part of a crowded field of competitors. Here are some other options to be aware of:
PayPal Business Cashback Mastercard® credit card* compared to the 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 problem is that the 5% rate is capped and only applies to specific expense categories.
You’ll earn 5% cash back on the first $25,000 spent on combined purchases at office supply stores and Internet, cable, and phone services each account anniversary year and 2% cash back on the first $25,000 spent on combined purchases at gas stations and restaurants. each anniversary year of account. Earn 1% cash back on all other purchases.
There is also a welcome bonus of $750 cash back after spending $7,500 on purchases within the first 3 months of account opening.
The annual card fee is $0.
PayPal Business Cashback Mastercard® credit card* vs. Capital One Spark 2% Cash Plus*
Capital One Spark 2% Cash Plus* earn 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. It charges an annual fee of $150, but has a unique feature that will help high-spending businesses manage their cash flow: it’s a charge card and has no preset spending limit.
Just note that you cannot carry over a balance from one month to the next. You must pay in full each billing cycle or you will be charged a 2.99% monthly late fee.
There is 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* compared to the American Express Blue Business Cash™ card
The Blue Business Cash card from American Express is another no-annual-fee cashback card for small businesses (conditions apply, see rates & fees). The card offers 2% cash back on all eligible purchases 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 cashback earned. However, some business owners may appreciate the Blue Business Cash Card’s list of benefits. For example, this card comes with purchase protection that covers your new purchases against damage or theft for 90 days.*
You can earn the following welcome bonus: $250 credit after making $3,000 in purchases within the first 3 months of account opening.
*When an American Express® Cardmember charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the date of the Covered Purchase in the event of theft or damage accidental. Coverage is limited to $1,000 per occurrence, up to $50,000 per cardholder account per calendar year. Eligibility and benefit level vary by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for details. Underwritten by AMEX insurance company.