REWARDS TERMS (2024)

REWARDS TERMS AND CONDITIONS FOR PAYPAL CASHBACK MASTERCARD^® OR PAYPAL CASHBACK WORLD MASTERCARD^®

Card Account Rewards Program (“Program”)

As a PayPal Cashback Mastercard^® or PayPal Cashback World Mastercard^® (each a “Card”) Account (“Card Account”) Accountholder, you will earn cash back rewards (referred to as “Cash Rewards” or “Cash Back”) on Eligible Purchases made by you (subject to your available credit), the person to whom the Card Account was issued (“Accountholder” or “you”) or the authorized users on your Card Account, as set forth below. The amount of Cash Rewards earned is determined by the Card Account user, whether the payment is made through the PayPal account, and the amount of Eligible Purchases made on a daily basis. Cash Rewards may be reduced by any applicable Cash Rewards adjustments. Synchrony Bank (“Synchrony”) is the issuer of the Card Account, and it is only available to Accountholders who have an open PayPal account to which the Card Account is linked, and both accounts must be maintained in good standing. Your participation in the Program is subject to these Program Terms.

“Eligible Purchases” means the dollar amount of purchases of goods and services made using your Card Account. Eligible Purchases also means the dollar amount of transactions when you use the Card Account to send money to another PayPal user through your PayPal account. Eligible Purchases do not include balance transfers, cash advances, convenience checks, disputed transactions, unauthorized or fraudulent transactions, interest, fees, as applicable, or any other transactions that Synchrony may determine in its sole discretion are not eligible to earn Cash Rewards.

Earn Cash Rewards on Eligible Purchases.

At the end of each day, your Eligible Purchases will be totaled, and the amount of the Cash Rewards earned will be determined as follows:

• 3%: Each Eligible Purchase made by you through your PayPal account (online or in-store), or when you send money to other PayPal users through your PayPal account will earn 3% Cash Rewards.
• 2%: Each Eligible Purchase made by you everywhere else that Mastercard is accepted will earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%.
• 2%: Each Eligible Purchase made by any authorized user(s) will earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%. In the event an authorized user is, in the future, able to add their Card to their PayPal account, then Eligible Purchases made by such authorized user through their PayPal account or when they send money to other PayPal users through their PayPal account will earn 3% Cash Rewards and Eligible Purchases made everywhere else that Mastercard is accepted will continue to earn 2% Cash Rewards until July 31, 2024 and thereafter 1.5%.

There is no minimum amount of Eligible Purchases required before earning Cash Rewards and there is no maximum amount of Eligible Purchases that may earn Cash Rewards.

Cash Rewards earned do not expire although they may be forfeited in accordance with these terms. Transactions resulting in fractions of Cash Rewards will be rounded up to the nearest whole cent if equal to or greater than $0.005 and rounded down if less than $0.005.

From time to time, bonus Cash Rewards (“Bonus Rewards”) may be available for certain Eligible Purchases and may include spending thresholds or limits, time period restrictions, or other factors. Bonus Rewards will be subject to the terms and conditions of the Bonus Rewards offer made to you in addition to these Program Terms.

How to use your Cash Rewards. Cash Rewards earned, as provided herein, will be made available for transfer via a credit to the Accountholder’s PayPal account within approximately three days after each Eligible Purchase is made. In order to transfer Cash Rewards, you must have at least $0.01 Cash Rewards available. To transfer Cash Rewards to your PayPal account, log on to your PayPal account, access your Card Account Rewards Summary Page, and transfer the amount you choose to your PayPal account. Once transferred to your PayPal account, the availability to use Cash Rewards will depend upon whether or not you have a PayPal Balance account. If you have a PayPal Balance account, Cash Rewards will then be available for use by you for making payments and purchases and sending money, subject to the terms and conditions of your PayPal Balance account. If you do not have a PayPal Balance account, your only option will be to transfer your Cash Rewards to your bank account or debit card linked to your PayPal account.

Cash Rewards adjustments. Adjustments will be made to your Cash Rewards as the result of canceled transactions, refunds or other credits from merchants, and other credits to your Card Account (including those resulting from successful transaction disputes). An adjustment also may occur if these Program Terms are violated by you or we believe you are abusing or gaming the Rewards Program. An adjustment may reduce Cash Rewards in an amount up to the amount of any Cash Rewards originally earned on the Eligible Purchase. Adjustments may cause a negative balance in your Cash Rewards. If there are negative Cash Rewards at the end of day, they will not be available for you to transfer to your PayPal account as provided herein.

Card Account and PayPal account statuses.

• If your Card Account is delinquent: If you fail to pay your minimum payment due by the end of a billing cycle, then at the start of the next billing cycle, you may be unable to earn and/or redeem Cash Rewards until you make such payment to bring your Card Account current to cure the delinquency. If you fail to pay your minimum payment due for two consecutive billing cycles, then at the start of the third billing cycle, you will not earn any Cash Rewards and any Cash Rewards in your Card Account will be forfeited.
• If your Card Account is closed: Your participation in the Program will be terminated and any Cash Rewards in your Card Account will be forfeited.
• If your PayPal account is suspended for any reason: You will be unable to redeem your Cash Rewards until your PayPal account is reinstated.
• If your PayPal account is closed or if your Card Account is no longer linked to your PayPal account: Your Card Account will be closed and any Cash Rewards in your Card Account will be forfeited.

Other conditions. You acknowledge that the Program is a promotional program as to which no consideration has been paid to you and that Cash Rewards have no cash value. You may not transfer Cash Rewards in your Card Account to anyone else. Cash Rewards earned from Eligible Purchases made by authorized users on your Card Account may only be transferred to your PayPal account. Unless and until you transfer the Cash Rewards to your PayPal account and use them in accordance with your PayPal account terms, no tangible or intangible right, title, or interest in the Cash Rewards has been earned. Nothing herein requires Synchrony to credit Cash Rewards to any Card Account or to permit you to transfer any Cash Rewards to your PayPal account if the Program has been canceled, terminated or suspended. The Program, including these Program Terms, is subject to the Governing Law and Arbitration provisions of the agreement governing your Card Account. You consent and authorize Synchrony and any of its subsidiaries and affiliates or any non-affiliated third parties with whom they contract to manage the Program to share information about you and the Program with PayPal and, as necessary, to effect, administer, enforce, service, or fulfill the terms of the Program. The Program is void where prohibited by federal, state, or local law. If your Card Account has a New York mailing address, you will be able to redeem any Cash Rewards that you have accumulated for up to 90 days after we send you notice that your Card Account is closed or the Program has been modified, cancelled, closed or terminated (subject to the availability of Cash Rewards). However, Cash Rewards will be forfeited at Card Account closure if the account was delinquent or if the Card Account was closed for fraud or other misuse.

Program modifications. Synchrony reserves the right to add, modify or delete any benefit, service or feature of the Program at any time in its sole discretion. Changes to the Program may include, among other things, adding a cap to the amount of purchases that will qualify for Cash Rewards, modifying Eligible Purchases, excluding transactions, imposing additional restrictions or terminating the Program. Synchrony reserves the right to remove any participant from the Program in the event of fraud or abuse in connection with the Program.

PAYPAL
[WF9213521N]
1/2022 (REV 5/2024)
DC CASHBACK REWARDS TERMS
HTML