Mastercard and PayPal Renew Credit Card Program
PayPal and Mastercard announced a multi-year extension of their consumer credit card program in the United States and Puerto Rico.
The PayPal Extras Mastercard, which was released 10 years ago, offers PayPal members a number of rewards, including Buyer Protection for all purchases made through PayPal. The card, which has EMV chip technology, also provides Priceless rewards. Cardmembers earn triple reward points for fuel and restaurant purchases, double reward points for PayPal and eBay purchases, and one point for every $1 spent.
“We are proud to continue our long-standing relationship with PayPal through this program,” said Craig Vosburg, president, North America, Mastercard. “In this increasingly digital world, we are providing PayPal cardholders with the most advanced and secure technologies, giving them the core guarantees and benefits they’ve come to expect from Mastercard, regardless of how and where they pay.”
“PayPal looks forward to building on our longstanding relationship with Mastercard to deliver continued value and choice to our customers with the PayPal Extras Mastercard,” said Gary Marino, senior vice president, Americas, PayPal. “Mastercard has been a tremendous partner for several years, and we are pleased to extend this agreement.”
PayPal Extra’s MasterCard is issued by Synchrony Bank.