PayPay Bank review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
PayPay Bank suits people already spending through PayPay who want a credit card with no annual fee. The annual fee is ¥0, and spending earns 0.5%-1.0% PayPay Points depending on PayPay STEP status in PayPay Points, so the cost case rests on fees rather than a joining charge.
Key facts
- Best for
- PayPay users who want a fee free credit card that earns points on everyday spending.
- Annual fee
- ¥0 (Source, checked September 26, 2026)
- Rewards type
- Points (Source, checked September 26, 2026)
- Rewards rate
- 0.5%-1.0% PayPay Points depending on PayPay STEP status (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- PayPay Bank Co., Ltd. (Source, checked September 26, 2026)
- Headquarters
- Japan (Source, checked September 26, 2026)
- Founded
- 2000 (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Rewards
- Official website
- paypay-bank.co.jp
Debit cards
Pros and cons
Pros
- Annual fee of ¥0 on a credit card, so there is no joining charge to offset rewards
- Spending earns 0.5%-1.0% PayPay Points depending on PayPay STEP status in PayPay Points, with the rate tied to PayPay STEP status
- Rewards pay in points rather than cash, which suits people who already hold the PayPay wallet
- A credit card, so a balance can build and be cleared over time rather than paid off in full each time
Cons
- The rewards rate is 0.5%-1.0% PayPay Points depending on PayPay STEP status, so the points move with PayPay STEP status and stay inside the PayPay ecosystem
- Debit is not among its card kind (credit), so a balance builds and has to be cleared rather than drawing straight on a current account
Ready to try PayPay Bank?
Scored 9.1 / 10 by DebitCue.
Who it suits
- Existing PayPay users who want to earn points on spending they already make
- People looking for a credit card with an annual fee of ¥0
Who should look elsewhere
- People who want a debit card, since the card kind here is credit (credit)
- Oney Préstamos ES, which carries an annual fee of €10
- National Bank of Kuwait Cards, whose classic credit card charges an annual fee of KWD 30
Who runs it
PayPay Bank Co., Ltd. is the legal entity behind the card, and its base is JP. The PayPay group was founded in 2000, and the bank is supervised there by the Japan Financial Services Agency (FSA). The card is a credit card issued by the bank inside that group rather than by a separate outside issuer.
How PayPay Bank compares
9.1 vs 9.4
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.2
9.1 vs 8.8
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 9.0
9.1 vs 8.8
9.1 vs 8.8
9.1 vs 8.7
9.1 vs 9.2
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.8
9.1 vs 9.6
9.1 vs 9.4
9.1 vs 9.4
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 8.8
9.1 vs 8.8- 9.1 vs 8.8
- 9.1 vs 8.8
9.1 vs 8.8- 9.1 vs 8.8
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.0
9.1 vs 8.0
Where PayPay Bank is available
- Available
- Japan
- Licence in Japan
- Japan Financial Services Agency (FSA), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the PayPay Bank card cost to hold?+
The annual fee is ¥0 on this credit card, so there is no yearly charge to budget for. The model is the no annual fee one, which is the most common model among the cards compared here.
What rewards does the card pay?+
Spending earns 0.5%-1.0% PayPay Points depending on PayPay STEP status in PayPay Points. The rate follows PayPay STEP status, so the points collected can move up or down with that status rather than sitting at a single fixed level.
Are the rewards points or cashback?+
The rewards type is points (points), so spending builds a PayPay Points balance rather than returning cash to the cardholder. Points fit people who already spend inside PayPay, since that is where the balance is most useful.
Is this a credit card or a debit card?+
The card kind is credit (credit), which is the card kind most of the brands on the site fall under. A credit card means a balance can build and be cleared over time, unlike a debit card that draws straight from a current account.
Who regulates the card?+
The card is supervised in Japan by the Japan Financial Services Agency (FSA), and the issuing entity is PayPay Bank Co., Ltd.. Because the bank issues the card, the licence sits with the bank rather than with an outside partner company.
Who is the card aimed at?+
It is aimed at people who already use PayPay for payments, because the rewards are paid in PayPay Points at 0.5%-1.0% PayPay Points depending on PayPay STEP status and the rate follows PayPay STEP status. It suits a fee free credit card user who spends inside that wallet day to day.
Where is the card based and who runs it?+
The legal entity is PayPay Bank Co., Ltd., based in Japan, and the PayPay group was founded in 2000. The card is issued by the bank inside that group rather than by a separate outside issuer.
Sources
- en.wikipedia.org/wiki/PayPay checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“PayPay Bank was founded in 2000 (formerly Japan Net Bank)”
- japan-dev.com/companies/paypay-card checked September 26, 2026
Backs: Annual fee, Card kind, Pricing model
“PayPay Card is annual fee free”
- saiganak.com/other/paypay-card-gold-for-paypay-user checked September 26, 2026
Backs: Features, Rewards rate, Rewards type
“Earn PayPay points at a high redemption rate”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: APR, Currency conversion fee.
Related by the facts
PayPay Bank
PayPay users who want a fee free credit card that earns points on everyday spending.