PayPal Cashback Mastercard vs Capital One VentureOne Business
Side-by-side comparison
| PayPal Cashback Mastercard | Capital One VentureOne Business | |
|---|---|---|
| Annual fee | No annual fee | No annual fee |
| Welcome offer | No current offer | 50,000 Miles |
| Advertising | 1.5% | 1.5% |
| Shipping | 1.5% | 1.5% |
| Office supplies | 1.5% | 1.5% |
| Phone & internet | 1.5% | 1.5% |
| Travel | 1.5% | 1.5% |
| Everything else | 1.5% | 1.5% |
| Est. yearly rewards* | $675 | $675 |
| Points type | Cash back only | Transfers to airlines & hotels |
| Network | Mastercard | 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 business spending, the PayPal Cashback Mastercard earns about $675 a year in rewards and the Capital One VentureOne Business about $675, valuing every point at a flat 1 cent. The PayPal Cashback Mastercard has no annual fee, so its rewards are all profit. The Capital One VentureOne Business has no annual fee, so its rewards are all profit. These two are about as close as cards get: both pay a flat 1.5x on everything, neither charges an annual fee, and on that spending they finish within a few dollars of each other. The choice is not really about the rewards rate. The bigger difference is the ceiling: the Capital One VentureOne Business earns points you can move to travel partners for outsized value, while the PayPal Cashback Mastercard pays plain cash back. Favor the Capital One VentureOne Business if you will use travel transfers, the PayPal Cashback Mastercard if you want simplicity. One tiebreaker: the Capital One VentureOne Business adds no foreign transaction fees, which the other does not. On the sign-up bonus, the Capital One VentureOne Business currently has the larger welcome offer. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.