The new, physical PayPal Credit Card is more of a special financing card than a rewards credit card. As long as you pay off your purchases in time, you won't have to worry about interest charges. Otherwise, you'll be on the hook for all the interest you would have accrued. But PayPal Credit doesn't offer any rewards.

PayPal Holdings Inc. is adding a new card to bring its online credit product to physical stores as the company focuses on expanding its name recognition with in-person transactions.

Consumers with PayPal Credit accounts soon will be eligible for a new Mastercard Inc. branded card to use in store with their accounts.