The pump’s been punishing wallets for months. Now, for once, there’s a break—and it’s not coming from Washington. It’s coming from PayPal. Starting June 22 and running through July 12, the PayPal Cashback Mastercard is offering 5% cash back on gas purchases, no activation required. No codes. No fine print. Just swipe and go.
This isn’t a rotating category gimmick. It’s a straight shot. The offer caps out at $50 in cash back, which means you can spend up to $1,000 on gas and still get the full benefit. For families hitting the road this summer, that’s not a bonus. That’s a buffer.
PayPal isn’t asking you to jump through hoops. No enrollment. No app toggles. If you’ve got the card, you’re in. That’s rare. Most cash back promos bury the deal behind logins and opt-ins. This one just works.
Gas prices are creeping back toward $4 in several states. AAA reports that national averages are up 12 cents from last month. With July 4th travel expected to break records, this promo lands right where it hurts. And for once, it helps.
The PayPal Cashback Mastercard already offers 3% back on PayPal purchases and 2% on everything else. But this limited-time 5% gas offer is a clear play for relevance in a crowded rewards market. It’s not flashy. It’s functional. And in a summer where every dollar counts, that matters.
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