Is There a PayPal Business Credit Card? Your Top Alternatives

There’s no such thing as a PayPal business credit card—what should a PayPal-reliant business owner spend with?

Overview

Credit Card

Credit Card

PayPal Extras Mastercard®

Great For: If you’re handling a majority of your business’s finances on PayPal already, the PayPal credit card could be one more step toward consolidating them into one place. Plus you can earn unlimited 3X points on gas.

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on Synchrony Bank's secure website
  • Conveniently streamline your finances if your business already handles a large amount of transactions through PayPal
  • Unlimited 3X points on gas and restaurant purchases
  • $0 annual fee
Credit Card
Apply Now
on Synchrony Bank's secure website
Welcome offerRewards ratebased on where you spend money with no capsAnnual feeMinimum credit
None3, 2 or 1 points$0700

Quick Summary

If you’re thinking of making a beeline for the PayPal business credit card, one big obstacle is going to stop you in your eager tracks—a PayPal business credit card technically doesn’t exist.

There’s a PayPal consumer credit card—the PayPal Extras Mastercard—and a PayPal business debit card—the PayPal Business Debit MasterCard—but no PayPal business credit card. The Extras Mastercard will be your best contingency plan to a PayPal business credit card.

PayPal Extras MasterCard Rewards: Welcome Offer

Unlike many business rewards credit cards, the PayPal credit card—which, as a reminder, is a consumer credit card—doesn’t come with a welcome bonus of any kind.

So, if you’re hoping for warm welcome, you might want to look into business credit cards that come with a generous welcome bonus.

PayPal Extras MasterCard Rewards: Ongoing Offer

When you spend with the PayPal Extras Card, you’ll earn rewards points straight back into your PayPal account.

For every dollar you spend, you’ll earn at the following rates:

  • 3x rewards at gas stations and restaurants
  • 2x rewards on PayPal and eBay purchases
  • 1x rewards on everything else

PayPal won’t cap how many points you’re able earn in each rewards tier, which is pretty rare for a credit card.

With these unlimited rewards points for your spending, you’ll be able to redeem for cash back, travel, gift cards, and merchandise—so pretty much anything your heart desires.

PayPal Extras MasterCard: Annual Fee

You won’t have to pay an annual fee to become a PayPal credit cardholder, so these rewards will come to you for free.

This means that, provided you spend responsibly, the PayPal Extras Card is only earning, with no chance of an annual fee out-valuing your cash back rewards.

Is the PayPal Extras MasterCard Right for You?

Get the PayPal Extras MasterCard if:

  • You primarily use PayPal for your business transactions.
  • You are comfortable using a consumer card for business purchases.

Skip the PayPal Extras MasterCard if:

  • You want to access business-specific benefits and perks.

Why the PayPal Extras MasterCard?

Not quite sure what to think about the PayPal credit card?

Well, now that we’ve got all the basics covered, we can take a look at the PayPal credit card’s most noteworthy features.

To start, let’s highlight the top reasons why you might seriously consider the PayPal credit card as an option for your spending:

Convenience

Above anything else, one of the main reasons you might seriously consider getting the PayPal credit card is the convenience that is comes with.

Especially if your business already handles a large amount of transactions through PayPal, this card could seriously streamline your finances.

This card will be connected to your PayPal account, so if you’re approved, you’ll be able to start spending right away. And approval often comes through within seconds.

If you’re handling a majority of your business’s finances on PayPal already, the PayPal credit card could be one more step toward consolidating them into one place.

No-Cap Top-Earning Spending Categories

The no-cap top earning rewards categories are another huge draw that the PayPal credit card boasts.

Having no cap on the top tier rewards categories, plus no cap on how many points you can earn total, is surprisingly very rare for a credit card.

Most credit cards have either a spending cap on their top rewards categories or an earning cap on how many points you can earn every year.

But the PayPal credit card has neither.

This is especially good news for business owners who typically spend a lot on gas and restaurant purchases—the PayPal credit card’s top earning purchases.

Keep in Mind With the PayPal Extras MasterCard

While those perks are all well and good, every credit card has to come with its own fair share of downsides.

And the PayPal credit card is no exception.

It’s crucial to consider all of your credit card options’ pros and cons, especially when you’re looking for the next-best thing to a PayPal business credit card.

So, let’s take a moment to go over the PayPal credit card’s downsides:

Consumer Card

The PayPal credit card somes with one, overarching downside as an alternative to a PayPal business credit card—it’s a consumer card.

As a result, any spending you or your employees do with the PayPal credit card will be in your name only and not split between you and your business.

Plus, all of the perks that the PayPal credit card features will be geared toward consumer spending rather than business spending. As such, the card’s top rewards categories—like gas and dining—aren’t necessarily lucrative for small businesses.

And, as you’ll see with the following downsides, the PayPal credit card lacks a lot of features that business-specific credit cards offer up because they’re so helpful for business spending.

Put simply, if you’re looking for an alternative to a PayPal business credit card, then you might want to look beyond the PayPal consumer credit card to more business-specific alternatives.

No Welcome Offer

For starters, the PayPal credit card comes with no signing bonus whatsoever.

Compared to other PayPal business credit card alternatives with huge signing bonuses, the PayPal credit card’s complete lack of signing bonus proves to be a huge downside.

Though a signing bonus might seem like a frivolous perk, many business credit cards could provide you with upwards of $1,000 worth of value just for spending a certain amount on your business within your first few months with the card.

When you think about a signing bonus as free capital to funnel back into your business, it becomes less of a frill and more of a necessity. As a result, alternatives to the PayPal business credit card that will offer you a welcome bonus could be a better option than the PayPal consumer card.

No 0% Intro APR

Another crucial perk that the PayPal credit card is missing?

A 0% intro APR period.

Though, again, a 0% intro APR period might seem like a frill that you don’t necessarily need, if you think about the money it will help you save for your business, then it starts to seem less frivolous.

Plus, with 0% intro APR periods so widespread currently, choosing a business credit card without one almost feels as if you’re losing money when you pay an APR on any balance you have within your first few months with a card.

Because the PayPal consumer credit card can’t offer you any 0% intro APR, a business credit card with one might be a better PayPal business credit card alternative for business owners who plan on carrying a balance.

Top Alternatives to the PayPal Extras MasterCard

Credit Card

Credit Card

The Blue Business® Plus Credit Card from American Express

Great For: Making purchases with a 0% intro APR period

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  • 12 month 0% intro APR period on purchases from the date of account opening
  • 2X points for the first $50K spent
  • No annual fee
Credit Card
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on American Express's secure website
Intro apron purchases for 12 months from the date of account openingRegular aprAnnual feeMinimum credit
0%13.24% – 19.24%$0700
Credit Card

Credit Card

American Express Blue Business Cash™ Card

Great For: Earning cash back and a long 0% intro APR period

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on American Express's secure website
  • 0% intro APR on purchases for 12 months from date of account opening
  • 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%
  • No annual fee
Credit Card
Apply Now
on American Express's secure website
Intro apron purchases for 12 months from date of account openingRegular aprAnnual feeMinimum credit
0%13.24% – 19.24%$0660
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