I have a big purchase coming up that I can use paypal credit for and, and therefore spread it over 6 months without any interest.

That makes it a little more bearable for me and would prefer to do it that way if I can.

I have never not paid my full credit card balance every month and I have no worries about my ability to pay off the puchase within 6 months, however, I want to make sure that won't tank my credit score, like carrying a balance on a credit card would?

Does anyone have any experience here?

Looking to add another line of credit to my protfolio, wondering if anyone has any experience/info with Paypal Credit? On the starter page I didn't even see anything about them reporting to the bureaus so I wanted to ask around

Edit: sorry for the title typo lmao

It looks like it's credit but wanted to make sure.

I don't have a credit history and it looks like a cheap and easy way to build credit history. The interest is only 10 bucks.

I was looking up a phone on Ebay and when I found some listing I saw Paypal financing option. I never had any credit history as I moved to USA couple month ago. I got approved for 750$ immediately. In a month it appeared in credit history and I got first credit score of around 580. It has no physical card, no cash back. Only feature is if you pay off your $99+ purchase in 6 month you don’t get charged for interest. After 3 month I requested CLI and got approved for 2500$. Also Credit score went up to 680.

So I think this is an option if you are starting out from 0 and don’t want to put secured deposit on credit card.

I'm new to the whole thing of credit and in the future I'm looking to get a business loan but wanted to improve my score.

I was going to start off with getting a gaming pc and pay it off in installments with PayPal credit to improve my score. But would it improve it?

They got me with the promotional 'pay with PayPal credit and pay 0 interest' thing when I was just going to pay with normal PayPal. Though sure, why not sounds good. That first promotional purchase went fine, paid it off, no problems.

Then I try to use the credit account again and it gets declined even though balance is 0. Try it again and again, over more than a year. Everywhere declined, even eBay and Amazon.

I call customer support and they tell me they can't identify the problem and don't know how to fix it. I ask to have the account closed and have it removed from my credit history, since it's not fair to report an account I can't actually use ever.

The rep tells me he will submit a dispute and it should be fine, it should be removed from my credit report no problem. That doesn't happen. I get a letter saying the account will stay in my credit history because it was reported correctly.

I call again and speak to a manager. They tell me there is nothing they can do except submit the same dispute again, but the results would be the same. I ask if there is anything else they can do for me, they say no.

Basically, PayPal processes the transactions but the actual credit account is Synchrony. So anytime there is a problem, they both point the finger at the other and can't help you at all.

My advice is avoid PayPal credit like the plague. I have another Synchrony account with Sweetwater that has been flawless, but PayPal credit has been worse than useless. Just a drain on my time, energy, and now 3 points off my credit score, for no benefit.

I could have left it open, but number of active accounts matters too, and I want to actually be able to use my credit if I need to. I'd advise anyone considering PayPal credit to look anywhere else. I've had a great experience with the Discover it card.

I'm looking into getting my first credit card to build credit history, and PayPal's credit seems like the best option, though I'm hearing mixed reports that it will have no impact on my credit score?

Targeted offer I haven't seen anywhere else yet I don't think. Very SYW-esque. Even though the card itself earns no points/cashback, if I stay around $75, it's well over 10% back in statement credits. Seems pretty fair and attainable, especially around Black Friday/Cyber Monday.

I've started using PayPal's "pay in 3" service a lot, and I was just wondering, does it improve your credit score? I mean, it must technically be a loan, yes?

I'm a student and I have no idea about how credit scores work. I want to pay for a camera in monthly installments and heard that Paypal credit has "No Payments + No Interest if paid in full in 6 months on purchases of $99 or more." I applied and was not approved. I want to be approved for PayPal credit. I think this has something to do with my credit score but I'm not sure. Any help would be appreciated.

Hey. So, I've been trying to find a buy-now-pay-later service for some gifts I want to get someone. I've got like a mid-fair credit score. My only history was one of those pay over time things I signed up for on amazon, which I did well on right up until I lost my card and was forced to cancel, and wasn't able to get it replaced until after I'd missed a payment. I immediately paid off the rest of the outstanding balance, which at that point was a month or so. Outside of that I have literally nothing.

My credit report doesn't show anything all that bad, but every pay-over-time service from affirm to eBay's little thing keep denying me. I just saw Paypal's Credit option and tried to apply for it. Was instantly rejected after putting everything in and hitting the application. I realized I didn't factor in the money I was getting for uni, and tried again. Application was denied again. Did this one more time just to be sure.

Anyways I just realized that these were hard credit checks and now I'm worried I may have fucked myself. Its been about an hour and I haven't gotten any notice yet of a credit check yet, but I'm not sure how long it takes for Experian to get these things. How bad is this going to be?

I just made a big purchase on eBay and would prefer to pay for it monthly since it is $934.75 that I cannot afford right now (I’m in a situation where I needed a new computer). So the terms of the credit line from PayPal were very misleading and confusing. “There is 0% APR but, this is subject to change to 26.24% when the promotion is over”. They do not state a specific promotion, some other websites said that if you purchase something over $99 and pay it off within the first 6 months in full, the APR jump does not apply to your account. Any input from someone experienced with PayPal credit would be extremely appreciated.

Hello! I recently got approved for PayPal Credit, but I’m not sure how it all works. I know I don’t get a physical card, so how would I use it on purchases? Also. What would the minimum payment be if I put a $1,500 purchase on it when my credit line is $5,400? I heard it can vary. Thank you.

For the last year now I have been trying to get approved for the pay-pal credit card program. It was the first credit line I applied for, and they declined it rightfully so. Since then I've gotten 3 reputable credit cards (Discover IT, Capital One Platinum, Best Buy). I've kept them all in revolving credit usage, keep them all around 30-40% credit usage, and I've never missed a payment. In the last year I've managed to bring my credit score from 0 all the way to 700+. It moves around a little but it always stays above 700, and currently it is at 724. and I make $35,000 a year before taxes. I just tried applying for it, and yet again, got declined immediately. I'm just curious as to what else i have to do in order to get approved. Any tips, knowledge, or advice on how to eventually get approved would be very much appreciated. Thank you!

I've tried to search around and I've found mixed reviews. I've used the Paypal pay in 4 a few times, never missed a payment (often paid them early cause I have autism and I despise owing money to anyone, I just get paid bi-weekly and it's easier to break up large bills into manageable pay periods). I hate the concept of credit but I know it's important so I was looking into a solid "first card" but couldn't find an answer I was happy with. I'm not trying to min-max rewards or cash back, or build off nothing. Just a card people can agree on that is good for newbies. I'm no longer a student, a recent grad who is looking for a better job but I know I should be using a credit card for the protection.

I'm pre-approved with Paypal though I would rather know my options before I commit. The only debt I have is my insurance, phone, and student loan bills (Around $250 a month), my grocery bill is about $100 a month, and my income varies from $1000 to $1200 a month (currently searching for a job, but I gotta do what I can).

I prefer being debit only, but that bit my dad in the ass a few years ago so I've got to learn from his mistakes. I'm the type of person who prefers paying upfront, so I already know I won't spend what I don't have. So is Paypal a good starter or should I look for something else as my first credit card.

And if it's worth anything, I am also within the Apple ecosystem so whatever apple has got going on is applicable. I mostly just want something that is sensible and to the point. No hidden fees, no crazy hikes. I don't need a crazy credit limit.

I've had an open line of credit with PayPal Credit for...I don't know HOW long, but a long, long time. Credit limit wasn't much. Only like 5k or so. But one thing that I *didn't* like about it was that they did NOT report to credit bureaus so my timely payments couldn't help my score, but then again, I didn't much care about it because my score was fine.

Fast forward to this morning. My Discover Card, which had a large limit over 15 years or so sent me texts telling me some recent purchases were decline. I was afraid someone had skimmed my card or something (this has happened once in the past) because I had just paid it off in full about 2 weeks ago. Yesterday, during Prime Day, I charged only about 2,000.00 dollars on it for equipment I'm using for a new startup. I called Discover.

My Discover limited had been reduced to 600.00 dollars! After over a decade of a very high limit and not a single problem with payment....it was just completely nuked.

So, I got a free copy of my credit report from each of the major bureaus. The culprit?

I am showing a 1x30,1x60, and 1x90 from some bank I don't recognize. Must be a mistake, right? It is the bank that PayPal sold their business to (Synchrony Bank).

Called them up. This bank represents PayPal Credit. Remember when I said the PayPal terms I agreed to when I opened the account made it CLEAR that this was a "hidden" LOC (or whatever terms) meaning it wouldn't report to the credit bureaus? Evidently, they just decided to start reporting it and not even bother to tell me. How is this legal? Now why is this a problem? After all, my payment history with them was spotless since day 1 until about 3 months ago.

I had, ironically, I just paid 2500.00 about 3 months ago on a 4800 balance. I tried to pay the rest off but their systems couldn't process it (seemed their website coding or backend was busted). I called them: They couldn't process it. I texted tech support: same thing. Always this "I'm so sorry sir, we can't help either. Please just try again later. I have a lot of demonstrable evidence to this effect. Also, they can't seem to be able to turn on auto-pay. If they had, this wouldn't be an issue. Have you EVER heard of a company that their support staff can't...well...do anything except try again later? They were nice and professional. Just impotent in the situation.

Also 3 months ago, I almost literally died from Covid. Lost my job while I was sick. I think because they were afraid I would sue them. Ironically, now I might. I was so bad that I literally was bed ridden and couldn't stand up due to sever orthostatic hypotension, angina, etc etc.

Once I could function, I moved some money around. I took care of EVERYTHING else first. I *purposely* left PayPal Credit till last because I KNEW, per our original agreement, that they didn't report to credit bureaus. I realized I would pay some late fees and interest but that would be okay. This was a strategic decision as I was now out of work and still too weak to function (it would take over 2 months before I could safely walk across the room without fear of just dropping to the floor unexpectedly. Seriously, it felt like I was going to have a heart attack every day. Even at rest. Still sometimes does but things are slowly moving in the right direction.

Thus, being in an uncertain time and not wanting to liquidate any more financial instruments under penalty, I PURPOSELY choose not to pay PayPal just in case I needed some cushion. I didn't know how long it would be before I could find a new employment. Again, this was a PURPOSEFUL and STRATEGIC decision. Because I knew they didn't report.

But evidently, they feel like they can just change the terms of the original agreement without even telling me. Without getting my approval. And then bad strategic decisions like the one above get made.

HOW IS THIS LEGAL? They told me one thing when I created the account, and they did something else later just because they sold it to Synchrony and got their payday. I should have been informed. I received no such paperwork. Evidently, there are a LOT of problems just like this.

It has now seriously screwed me up.

How can I fight this? Ironically, I was going to try to pay the rest of it off TOMORROW morning. Now, I'm thinking I just let it discharge. Then negotiate an agreement provisional that they remove it all from my credit report. I've never thought in this manner before. You should always pay what you owe. But I'm soo....MAD. This is wrong!

I would have made a different strategic decision had I known. I could have spread out that original 2500.00 for a year, for example.

Did I mention the ONLY reason this is an issue is because they can NOT properly setup autopay over the phone? I have the recordings of phone calls AND chatting with text support. I would try to make a payment and it would say, "Sorry, our system can't process it right now, try again later." Call them up? Talk to them via chat? THEY CAN'T DIRECTLY PROCESS IT EITHER. They just say, "Try again later." I did. Several times.

This is infuriating. Any ideas? I don't see how some bank can buy PayPal (or whatever) and do something so serious as screwing up someone's credit score because they decided to change an agreement and not tell me. That HAS to be illegal. I mean...what's the point of an agreement if one party can change it at will to suite their need without even informing the other party???

As it stands, the account is 90 days past due with an outstanding balance of only 2200ish. I just don't know if I'm willing to accept this and I KNOW that once I pay it, I'll never get them to remove the negative marks on my credit score. This is so important because I may not be able to continue what I was doing before getting Covid this last time (I'm in healthcare and this last time really hurt me for some reason). So, being able to startup my own business and move into a desk job might literally be my only recourse. Now I can't even apply for a loan.

Thank you for your help or time. Much appreciated.