PayPal launches business credit card offering cashback rewards
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PayPal Holdings (NASDAQ:PYPL) unveiled a new business credit card, issued by WebBank and using the Mastercard (NYSE:MA), that's tailored to small business owners, the company said Tuesday. 
The card has no annual fee and offers 2% cash back on all purchases with no rewards earning caps or expiration.
The latest collaboration shows how fintech firms are integrating with traditional payment rails like credit cards as they compete to retain existing customers and attract new ones through perks such as cashback rewards.
Approved businesses are provided immediate access to their assigned credit limit through a virtual card that is automatically integrated into the business's PayPal (PYPL) account and immediately available as a payment method when merchants check out with PayPal. 
The card's integration within PayPal's (PYPL) merchant platform provides access to transactions, balances, available credit, and rewards.
APR for purchases range from 13.99%-29.99%. Benefits include a two-year extended warranty on purchases, cell phone protection and access to discounts through Easy Savings and Mastercard's (MA) Digital Merchant Offers. Security features include Mastercard ID Theft Protection, Zero Liability, and 24/7/365 Global Emergency Services.
In April, PayPal (PYPL) and Synchrony (SYF) launched a cashback credit card for PayPal users