Mastercard and PayPal announced a multi-year extension of the PayPal Extras Mastercard co-branded consumer credit card program in the United States and Puerto Rico.
“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.”
Mastercard and PayPal have been working together for more than 10 years. The PayPal Extras card is designed to give PayPal members additional value in every purchase, both online and in stores, including Buyer Protection for every purchase made through PayPal.
“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.”
The PayPal Extras card offers all the security and convenience consumers expect from PayPal, plus EMV chip technology and Priceless rewards. Cardholders currently earn triple reward points for gas and restaurant purchases, double reward points for PayPal and eBay purchases, and one reward point for every $1 spent everywhere else Mastercard is accepted.
The PayPal Extra’s Mastercard is issued by Synchrony Bank, which announced an extension of its agreement with PayPal last year.