EBay Mastercard Credit Card Review 2022

GOBankingRates Score

4.0
Quick Take: The eBay Mastercard awards cardholders up to 5x rewards points per dollar spent. Still, this card's point redemption value is relatively low, and cardholders can only use points for eBay purchases. While this annual fee-free card may be worth considering for avid eBay shoppers, even the most frequent eBay shoppers should carefully consider the card's limited rewards program before applying.
  • Fees
    4.5
  • APR
    4.0
  • Benefits
    4.2
  • Rewards
    3.3
How did we calculate this?

Pros

  • No annual fee
  • Mastercard ID Theft Protection free of charge

Cons

  • Only one way to redeem points
  • Low point redemption value

EBay Mastercard Overview

The eBay credit card is a co-branded Mastercard issued by Synchrony Bank. It allows shoppers to earn up to 5x rewards points per dollar spent on eBay and either 2x or one point per dollar on all other purchases per the terms of the account agreement. The rewards program detailed in the account agreement is minimal compared to other rewards cards.

However, the eBay Mastercard has no annual fee, and cardholders receive Mastercard’s core card benefits, including the Mastercard ID Theft Protection, which makes this a safe card for online shopping.

Key Features of the eBay Credit Card

GOBankingRates gave the eBay Mastercard four out of five stars based on the following features.

Fees

The eBay Mastercard has no annual fee. Other fees a cardholder may encounter with this card include:

  • 3% foreign transaction fees
  • Cash advance fees of $10 or 5% of amounts advanced, whichever is greater
  • Up to a $41 late payment fee
  • $30 returned payment fee

APR

This card carries a variable annual percentage rate of 22.24%, 26.24% or 29.24%, depending on the cardholder’s creditworthiness. The card’s minimum APR is higher than that of some other rewards cards and could make this card more expensive for those who carry a balance.

Benefits

EBay Mastercard cardholders can get core Mastercard benefits free, including the Mastercard ID Theft Protection. This protection includes credit card replacement, ID theft alerts, lost wallet assistance and access to identity theft resolution specialists who can assist cardholders when identities have been compromised.

Cardholders also receive zero-liability protection for any fraudulent card charges.

Rewards

The eBay Mastercard allows frequent eBay shoppers to accumulate rewards points quickly, but point redemption is limited to eBay purchases.

Cardholders earn the following rewards points:

  • 3x points per dollar spent on eligible eBay purchases up to $1,000 in total eBay purchases during the calendar year
  • 5x points per dollar spent on eligible purchases over the initial $1,000 in eBay purchases during the calendar year
  • 2x points per dollar spent on eligible gas, grocery store and restaurant purchases
  • 1x point per dollar on all other purchases

A cardholder’s 1500 points are worth $10 towards an eBay purchase, which is little more than a half-cent per point. Cardholders earning 3x points per dollar must spend $500 on eligible eBay purchases to earn a $10 reward. However, those earning 5x points will earn $10 for every $300 spent on eBay.

Points expire after 24 months and can be revoked for late payments.

How the eBay Mastercard Stands Out

Perhaps the only stand-out feature of this card is the 5x points it awards for purchases beyond the $1,000 of purchases on eBay for the calendar year. This is a solid reward for those who spend a lot of money on eBay and will reach that threshold quickly, but less useful for those who don’t spend as much on eBay early in the year.

Comparable eBay Mastercard Options

The following two cards might be better options for eBay shoppers searching for a rewards card.

PayPal Cashback Mastercard

The PayPal Cashback card is another co-branded Mastercard that awards cardholders 3% cash back on purchases made via PayPal with the PayPal Mastercard, including eBay purchases, and 2% on all other eligible purchases. Cash-back rewards can be redeemed as a credit to the cardholder’s PayPal account to be used for PayPal purchases.

The PayPal card has no annual fee, a 17.24%, 26.24% or 29.24% variable APR and more rewards flexibility for occasional eBay shoppers than the eBay Mastercard.

Capital One Quicksilver Cash Rewards

The Capital One Quicksilver card pays 1.5% cash back on every purchase. Rewards can be redeemed in several ways, including as a statement credit, in the form of a check, to cover recent purchases with the Quicksilver card, to purchase gift cards and more. With no annual fee and a APR, this card is good for shoppers who buy from a wide variety of online retailers.

How To Apply

Those interested in the eBay Mastercard can access the online application through the eBay website. Once on the eBay site, search for “eBay Mastercard” to find the card’s associated help page with a link to the application. Applicants must have an eBay account to apply.

Who the eBay Mastercard Is Best For

Since this card’s rewards points can only be used toward eBay purchases, it is best for those who spend well over the $1,000 threshold on eBay each year to earn the 5x points on purchases.

Final Take

Those who do not regularly shop on eBay will not benefit from this card much. Regular eBay shoppers should look at several other rewards cards before applying for the eBay Mastercard. Other cards may provide much more flexibility in redeeming points and offer more value per point.

Those with good to excellent credit will likely get a much better APR from another rewards card issuer than they will get with the eBay credit card.

FAQ

Here are some quick answers to popular questions about the eBay Mastercard.
  • What credit score do you need to get an eBay credit card?
    • Synchrony Bank does not provide a minimum credit score requirement in its terms and conditions for the eBay Mastercard. However, it does offer three tiers of variable APRs, which may correlate to those with fair, good and excellent credit.
  • Does eBay have its own credit card?
    • Yes, the eBay card is a co-branded Mastercard issued by Synchrony Bank.
  • What can you use an eBay credit card for?
    • Cardholders can use the eBay credit card anywhere Mastercard is accepted.
  • What bank owns the eBay credit card?
    • The eBay Mastercard is issued by Synchrony Bank.

Information is accurate as of Sept. 1, 2022, and subject to change.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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About the Author

Andrea Norris has been in the web publishing business for the past 15 years both as a content contributor and a copy editor specializing in personal finance, frugal living, home and auto topics. She writes both short and long-form content and is well-practiced in SEO keyword research and writing.
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