![]() You’ll need to have an active PayPal account to use this card’s online features. The PayPal Prepaid Mastercard has a few potential drawbacks to watch out for: Plus, receive $5 each time you refer a friend and they add at least $10 in funds to their account. Opt into this optional program and earn 2% cash back at select merchants when you use your PayPal Prepaid Mastercard. As a PayPal Prepaid Mastercard holder, you get access to PayPal’s high yield savings account that earns 5% APY on balances of up to $1,000. Check your account balance, find reload locations and more from your smartphone. When you deposit your paycheck or government benefits directly to your card, you can access the funds up to two days faster than direct deposit to a bank account. ![]() This prepaid card is free to open, has no inactivity fee and features unique perks, such as: If approved, you’re mailed the card within 10 business days. You’ll typically receive a decision on your application right away. You’ll need this information when you apply for the PayPal Prepaid Mastercard: But all other US citizens and residents who are at least 18 years old are eligible. ![]() If you live in Vermont, you’re ineligible for the PayPal Prepaid Mastercard. Then click Get My Card to submit your application.
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