Home / Business and Economy / PayPal Unveils Rewarding Debit and Credit Cards for Customers
PayPal Unveils Rewarding Debit and Credit Cards for Customers
12 Nov
Summary
- PayPal launches debit and credit cards for the first time
- Customers can earn 1% cashback on every purchase with the cards
- No minimum spend required to collect points
On November 12, 2025, PayPal announced the launch of its first-ever debit and credit cards. The new offerings are part of the company's PayPal+ loyalty program, which is now available to nearly 30 million customers.
With the PayPal debit and credit cards, users can earn 1% cashback on every purchase they make. There is no minimum spend required to start collecting points, and every 1,000 points are worth £10 to spend with PayPal online. The cards also have no transaction fees for use abroad.
The move marks PayPal's latest effort to expand beyond its online payment services and compete with established players like Chase and American Express. Chase previously offered 1% cashback on all debit card purchases, but reduced the list to just groceries, transport, and fuel in April 2025. Meanwhile, Amex customers can earn 5% cashback for the first five months, then 0.5% on spends up to £10,000.
Tamer El-Emary, general manager of PayPal UK, said the new cards aim to bring the convenience and security of PayPal to the high street. Customers can sign up for the free PayPal+ program through the app and start earning rewards on both online and in-store purchases.
