MastercardPayPal Business Cashback Mastercard
A 2% flat business card that PayPal killed with one week of notice.
Welcome Bonus
None
Discontinued; all accounts closed 9/23/2024
Spend Requirement
None
Annual Fee
$0
No FTF
Credit Score
Closed
to applications
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-11 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 2xAll purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Was issued by WebBank with virtual card access inside the PayPal business dashboard
- ✦2% flat with no caps put it in the top tier of no-fee business cards
Why it earns its spot
- +Uncapped 2% flat was genuinely best in class for a no-fee business card
- +Instant virtual card inside PayPal at approval
Where it costs you
- −PayPal closed every account on September 23, 2024 with roughly one week of notice
- −Credit limits were slashed to near the current balance immediately, hurting utilization
- −The shutdown fits a PayPal pattern of abrupt product exits
The Compound Verdict
A cautionary tale in fintech credit. The card itself was excellent, then PayPal discontinued it in September 2024, cut limits overnight, and gave cardholders a week before accounts stopped working. Remember this one when a too-good fintech rate asks for your business spend.
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