Are you considering the PayPal Prepaid Mastercard®? Before you apply for the card, you'll want to learn some key facts about the offer and how it compares to others on the market.
In reviewing the card, our staff rated it a 3.8 out of 5.0.
A simple and convenient prepaid card for those looking for the flexibility of a credit card, but without the unsecured credit line.
Here's a rundown of the key features, rates, and terms of the PayPal Prepaid Mastercard®:
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- 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.
Variable Monthly Fee
There's certainly a lot to like about the PayPal Prepaid Mastercard®. Let's dive deeper into the card's rates and fees, as they could make or break whether owning the PayPal Prepaid Mastercard® is right for you.
According to the issuer, the PayPal Prepaid Mastercard® currently charges the following interest rates on purchases and balance transfers:
- Purchase Intro: N/A
- Balance Transfer Intro: N/A
- Regular APR: N/A
Here's the annual fee for the PayPal Prepaid Mastercard® as listed by the issuer:
See site for details »
- Annual Fee: Variable Monthly Fee
According to the issuer, the current general credit history requirement for the PayPal Prepaid Mastercard® is:
- Credit Level: Not applicable
If you feel you have the credit needed for approval and you're ready to apply, you can do so online on the issuer's secure website.
Keep in mind that rates and features may change, so if you like what the PayPal Prepaid Mastercard® is offering today, you may want to apply now to lock it in current terms before it's too late.
Below are all the ratings our team gives the PayPal Prepaid Mastercard®, along with the card's ranking within each category. To see how it compares to other cards, simply click on the category name:
All told, our team's review of the PayPal Prepaid Mastercard® resulted in a rating of 3.8 out of 5.0, as the card features many pros and cons for a potential cardholder to consider. Ultimately, it's up to you to determine if the card's benefits outweigh its possible drawbacks.
If you're ready to apply for the PayPal Prepaid Mastercard®, here is the link the issuer's official application: