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Payback Rewards World MasterCard® Credit Card

Credit Card Superior cashback rewards you want. Luxury benefits you deserve.

Now you can earn unlimited double cashback* with every purchase, every day, anywhere MasterCard is accepted around the globe. And you can redeem your cashback anytime you want. That’s all with no annual fee for the first year. You also will get the highest protection at point of purchase with EMV chip and PIN technology.

Special Offer

10,000 bonus points if you spend $2,500 within the first 3 months of opening your Payback Rewards World Mastercard card.

Apply Now   View Full Terms & Conditions

Card Features

  • Unlimited 2% cashback Patelco Rewards on all purchases*
  • Competitive rates as low as 11.40% APR1
  • First year annual fee waived; $35 thereafter
  • No balance transfer fee
  • Free Online Banking
  • Free Mobile App for iOS and Android

Card Benefits

  • Zero Liability Protection
    You don’t have to worry when you use your MasterCard card because it’s covered by Zero Liability protection, whether you pay in–store, online, or over the phone. As a MasterCard cardholder, you’re not responsible in the event that someone makes unauthorized purchases with your card. Certain conditions and exceptions apply.
  • MasterCard ID Theft Protection™†
    Provides you with expert assistance 24/7 should you become an identity theft victim. To bring you this benefit, MasterCard has partnered with CSID®, an industry leader in identity protection and fraud detection. To learn more or to register for early detection services with MasterCard ID Theft Alerts, visit
  • Price Protection
    Reimburses you the price difference on eligible items should you find a lower advertised price within 60 to 120 days from the date of purchase (depending on card type) when you pay with your MasterCard card.
  • Extended Warranty Coverage
    Doubles the original manufacturer or store–brand warranty for up to 24 months on eligible purchases when you pay for eligible items with your MasterCard card.
  • MasterCard Global Service
    Provides 24 hours a day, 7 days a week member service assistance with Lost and Stolen Card Reporting, Emergency Card Replacement, and Emergency Cash Advances, as well as assistance with locating ATMs.
  • Access to Priceless Cities® Experiences and Offers
    Get insider access to one-of-a-kind experiences and offers in some of the world’s most exciting cities.
  • Luxury Hotel and Resorts Program
    Enjoy the perfect accommodation from a unique collection of exceptional hotels and resorts with a room upgrade, late check–out, complimentary breakfast for 2 daily, exclusive amenities, and more.
  • Personal Travel Advisor
    Experienced travel advisors assist with detailed travel plans, recommendations, and access to high quality, high value vacation choices around the world.
  • Airport Concierge
    Arrange for a personal, dedicated Meet and Greet agent to escort you through the airport on departure, arrival, or any connecting flights, 24/7/365 at over 450 destinations worldwide.

View full Guide to Benefits

  • 1 Variable APR as of 4/6/2018. Rate adjusts monthly and equals prime rate for previous month plus a margin range based on credit worthiness. Applies to Purchases and Balance Transfers.
  • *Cash back accumulates as points valued at 2 points for every $1 purchased. Points can be converted to cash at any time at a value of $.01 per point. Cash back points redemption available for statement credit back to your Patelco credit card account. There is a redemption minimum of 2,500 points.
  • To bring you this benefit, MasterCard has partnered with CSID®, an industry leader in identity protection and fraud detection. CSID is a registered trademark of CSIdentity Corporation.
  • These are summary descriptions only. Additional terms, conditions and exclusions apply. Please refer to your card’s Guide to Benefits for specific information.

Terms & Conditions for Payback Rewards World MasterCard® Credit Card

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases 11.40% to 15.40% based on your credit worthiness. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers 11.40% to 15.40% based on your credit worthiness. This APR will vary with the market based on the Prime Rate.
APR for Cash Advances 14.40% to 18.40% based on your credit worthiness. This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies None
Minimum Interest Charge None
Grace Period on Purchases If you pay your entire balance in full each month, you have at least 25 days after the close of each period to pay your balance on purchases without being charged interest.
Website for Additional Information To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at
Annual Fee $0 first year; $35 annually thereafter
Transaction Fees
Balance Transfer Fee None
Cash Advance Fee Either $2.50 or 2% of each transaction, whichever is greater (maximum fee: $75).
Foreign Transaction Fee 1% of each transaction in U.S. dollars if initiated or processed in foreign currencies or countries (this fee is in addition to other applicable fees such as cash advance fees).
Penalty Fees
Late Payment Fee Up to $15 if payment is 15 or more days late.
Over-the-Credit Limit None
Returned Payment None

All Patelco Credit Union credit cards require consent to recovery of delinquent balances from Credit Union shares.

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

How We Will Calculate Your Variable APRs: We will add a “Margin” to an “Index Rate” to determine your variable interest rates. For each billing period the Index Rate we will use will be equal to the Prime Rate reported in the Federal Reserve Bulletin on the first day of the month preceding the month in which the rate will take effect. The Index Rate as of 07/01/17 is 4.25 percentage points. The “Margin” for purchases and balance transfers will be 2.95 to 5.95 percentage points based on your creditworthiness. The “Margin” for cash advances will be 5.95 to 8.95 percentage points based on your credit worthiness. Introductory Rate not available on balance transfers from Patelco accounts.

APR=Annual Percentage Rate. Changes to the APRs: APRs may adjust upon legally required notice to the cardholder.

Information last updated on 4/6/2018.