Chase Freedom Unlimited® vs PayPal Cashback Mastercard
Side-by-side comparison
| Chase Freedom Unlimited® | PayPal Cashback Mastercard | |
|---|---|---|
| Annual fee | No annual fee | No annual fee |
| Welcome offer | $200 cash bonus | No current offer |
| Dining | 3x | 1.5x |
| Groceries | 1.5x | 1.5x |
| Gas | 1.5x | 1.5x |
| Travel | 1.5x | 1.5x |
| Streaming | 1.5x | 1.5x |
| Everything else | 1.5x | 1.5x |
| Est. yearly rewards* | $490 | $437 |
| Points type | Pools with Chase → transferable | Cash back only |
| Network | Visa | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of household spending, the Chase Freedom Unlimited® earns about $490 a year in rewards and the PayPal Cashback Mastercard about $437, valuing every point at a flat 1 cent. The Chase Freedom Unlimited® has no annual fee, so its rewards are all profit. The PayPal Cashback Mastercard has no annual fee, so its rewards are all profit. Counting rewards and any credits, the Chase Freedom Unlimited® delivers more total value, about $52 a year more for a typical spender, mostly because it earns more where you spend most, on dining. The bigger difference is the ceiling: the Chase Freedom Unlimited® earns points you can move to travel partners for outsized value, while the PayPal Cashback Mastercard pays plain cash back. Favor the Chase Freedom Unlimited® if you will use travel transfers, the PayPal Cashback Mastercard if you want simplicity. On the sign-up bonus, the Chase Freedom Unlimited® currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Chase Freedom Unlimited® if your spending leans toward dining.