PayPal Cashback Mastercard vs U.S. Bank Cash+®
Side-by-side comparison
| PayPal Cashback Mastercard | U.S. Bank Cash+® | |
|---|---|---|
| Annual fee | No annual fee | No annual fee |
| Welcome offer | No current offer | $250 rewards bonus |
| Dining | 1.5x | 2x |
| Groceries | 1.5x | 2x |
| Gas | 1.5x | 5x |
| Travel | 1.5x | 1x |
| Streaming | 1.5x | 5x |
| Everything else | 1.5x | 1x |
| Est. yearly rewards* | $437 | $492 |
| Points type | Cash back only | Cash back only |
| Network | Mastercard | Visa |
*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 PayPal Cashback Mastercard earns about $437 a year in rewards and the U.S. Bank Cash+® about $492, valuing every point at a flat 1 cent. The PayPal Cashback Mastercard has no annual fee, so its rewards are all profit. The U.S. Bank Cash+® has no annual fee, so its rewards are all profit. Counting rewards and any credits, the U.S. Bank Cash+® delivers more total value, about $55 a year more for a typical spender, mostly because it earns more where you spend most, on gas and groceries. Neither leans on transferable points, so the deciding factors are the welcome offer, the card network, and which everyday perks you will actually use. On the sign-up bonus, the U.S. Bank Cash+® currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the PayPal Cashback Mastercard if your spending leans toward travel, everything else. Pick the U.S. Bank Cash+® if your spending leans toward dining, groceries, gas.