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PayPal Introduces New Online Cashback Credit Card

Stockhouse Editorial
0 Comments| April 11, 2022

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(Image via PayPal.)

As more than half of consumers now shop both regularly online and in-store, as well as across multiple spend categories, it was due time for a credit card that offered more for both segments of commerce.

PayPal (NASDAQ: PYPL, Forum) recently rolled out a new card offering cash back – online, mobile, or in-store with PayPal QR Code and anywhere Mastercard is accepted.

Issued by consumer financial services company Synchrony Financial (NYSE: SYF, Forum), the card represents a new 3% cash back card structure.

As shoppers’ behaviors evolve from the pandemic, PayPal’s VP Consumer Credit, Susan Schmidt says consumers are on the lookout for flexible ways to make smarter purchases and maximize rewards.

“Our customers shopped across 34 different categories last year showcasing the diversity of their needs and interests, and we wanted to build a credit product that was flexible and better matched rewards with their spending behaviors.”

Read the full story here.




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