Unlike its older sibling, the purpose of the $0-annual-fee PayPal Credit Card isn’t cash-back rewards; it’s the ability to pay over time. The card offers six months of no-interest “special” financing on eligible purchases, which include:
Qualifying travel purchases, such as flights, rental cars, hotels, cruises and ridesharing services. This is a limited-time offer and applies only to travel purchases posted to your account by Jan. 31, 2026.
All purchases of $149 or more, wherever Mastercard is accepted (in stores and online).
The card, which Synchrony says is “coming soon,” Is a physical card version of PayPal Credit, a digital line of credit you can use when making online purchases where you check out with PayPal. PayPal Credit also offers special financing for six months, but you only get financing for online purchases when you check out with PayPal.
In other words, the digital-only PayPal Credit can’t be used in stores, while the physical PayPal Credit Card can. If your application is accepted, your credit history will determine whether you qualify for the physical PayPal Credit Card, or the digital PayPal Credit.
Note that the PayPal Credit Card will offer deferred-interest financing. You won’t owe interest during the six-month promotional period, but if you haven’t paid off your balance when it ends, you’ll owe interest on the original purchase amount, not just on the remaining balance.
The card’s APR is set at 30.39% as of this writing, so owing interest on the purchase price can get expensive.
