No, they aren’t. In fact, PayPal Credit and the pair of PayPal Mastercards have many differences. PayPal Credit is a line of credit that you can use only through merchants that accept PayPal payments. You’ll never receive a physical credit card for your account. Instead, you’ll access your credit line through the PayPal checkout portal when you’re choosing how to fund your purchase. You can’t use your PayPal Credit account to make payments at in-person merchants. For that, you’ll need one of the PayPal Mastercards. PayPal Credit offers 0% financing and a 19.99% APR, but can only be used via PayPal. The pair of Mastercards have variable APRs and rewards and can be used everywhere Mastercard is accepted. The Cashback Mastercard and Extras Mastercard are physical credit cards that allow you to make purchases at any location that accepts Mastercard, which is just about everywhere. You’ll earn cash back you can redeem directly into your PayPal account or earn points you can redeem for the various offerings listed above. PayPal Credit offers no rewards structure, other than an occasional $10 welcome bonus when you make your first purchase. After that, you’ll only have a basic credit line with a 19.99% APR.