You cannot pay a credit card with PayPal directly, but you can transfer money from your PayPal balance to your bank account and then make a credit card payment with that money. PayPal allows customers to transfer their PayPal balance directly to a bank account, or they can issue a paper check so you can cash it or deposit it into a bank account yourself.
Alternately, you could use a PayPal Credit Card to pay a credit card bill using a third-party payment service, though these services charge fees. Services like Plastiq and PayTM may make it possible to pay your credit card bill with a credit card, but you will pay 2.5%-3% on top of your bill for the service.
If you’re looking to use your PayPal balance to pay your credit card bill, your best bet is to transfer the money to your bank account and then use your bank account to pay the credit card bill. Regular PayPal bank transfers are free, and the transfer is completed in 1-3 days. PayPal’s “instant transfer” option charges a fee, and the money will transfer in less than 1 day. If you’d rather get a check from PayPal, it will cost $1.50 and you will receive the check in 5-10 days.
You can get a PayPal credit card by applying for one online, but you need at least good credit to qualify for approval. There are actually two different PayPal credit cards, one that rewards you with points and one that gives cash back. The PayPal Credit Card offers 3 points / $1 on gas and restaurant purchases, 2 points / $1 on PayPal and eBay purchases, and 1 point / $1 on everything else. The … read full answerPayPal CashBack Credit Card gives you 2% cash back on all purchases. You’ll probably need a 700+ credit score to have good approval odds for either card. And Synchrony, their issuer, will also consider your income, debt, number of open accounts and various other factors when considering you.
But you don’t need a PayPal credit card to use a credit card on PayPal. You might benefit more from a card like the Capital One Venture Rewards Credit Card, which has a huge initial bonus. Plus, neither of PayPal’s credit cards offer a 0% introductory APR, so they’re not ideal for financing. You’re better off with the likes of the HSBC Gold Credit Card, which offers 0% intro on purchases for 18 months, for that.
Here’s how to get a PayPal credit card:
Compare the PayPal Credit Card and the PayPal CashBack Credit Card to determine which is better for you. If you like one of them, click “Learn More” to get a more detailed description.
Check your latest credit score. Remember, you’ll need at least good credit (700+) and a steady income to be approved for either PayPal-branded credit card.
Consider whether another type of credit card would save you more money than your favorite PayPal credit card.
Click “Apply Now” once you choose a card. You can do so from a credit card comparison website or PayPal’s credit card page.
If you’re applying for a PayPal card, log into your PayPal account to access the application.
Fill out and submit the application, making sure all your personal information is correct.
Wait for a decision. You could be approved instantly, or it might take another 1-2 weeks.
If you want a credit card for PayPal more than a PayPal Credit Card, the Citi® Double Cash Card – 18 month BT offer is another good option to consider. It gives you 2% cash back (1% when you buy and 1% when you pay Citi) on all purchases and also offers a balance transfer intro APR of 0% for 18 months. The Capital One Venture gives 2 miles per $1 on all purchases and has a generous initial bonus.
All in all, the PayPal branded cards have very decent rewards. But the top rewards cards on the market can give you much more.
It is possible to pay a credit card with a credit card by doing a balance transfer or a cash advance, for example, but you cannot make a credit card the regular payment method for another credit card account. Accepted payment methods for monthly credit card bills generally include bank transfers, checks, and money orders.… read full answer
You cannot consistently pay a credit card’s bill with another credit card for several reasons. For one thing, credit card companies won’t let you. Credit card transactions are also more expensive to process than bank transfers, which means accepting credit card payments would eat into credit card companies’ profit margins. Besides, if you could pay credit card bills with credit cards, it could be possible to keep shifting debt around without ever actually paying it. But with some maneuvering, there are ways to make a one-off transaction work.
4 ways you can pay a credit card with another credit card:
Do a balance transfer: If you’re unable to pay your credit card bill in full and are paying a high interest rate, you may want to consider a balance transfer. This allows you to transfer your credit card balance to a different card with better financing terms (perhaps an introductory period with a 0% APR for a set number of months). That way, you can pay off your credit card bill over time without worrying about as much interest being applied. This does amount to paying your credit card bill with a credit card, but it’s more of a one-off way to save money on interest than a viable recurring option.
Use a mobile payment service: One way to pay a credit card with another credit card is to use a mobile payment app such as PayPal or Venmo as a middleman. These apps allow you to transfer money from user to user, and you can fund them with a credit card. In other words, you could use your credit card to pay a friend or family member through the app, and they can then make your credit card payment for you or give you the money to do it yourself. You can earn rewards with this method, but there may be fees to contend with. In addition, be aware that some person-to-person credit card transactions on Venmo will show up as cash advances on Mastercard and Visa credit cards, which typically come with high fees and APRs.
Purchase a money order: Companies like MoneyGram and Western Union allow you to send money to a particular phone number or email address, or pick up cash from a physical location, and fund the transaction with a credit card. However, this is usually treated as a cash advance, which means expensive fees and interest charges would apply, in addition to the fees charged by the service.
Do a cash advance: You could take out a cash advance at an ATM, deposit the money into your checking account, and then pay your credit card bill from there. However, considering the high fees and interest rates that accompany cash advances, not to mention the low limits on such transactions, that’s unlikely to work very well. It would be a very expensive way to pay one credit card bill, let alone recurring bills over time. The same generally goes for the various other ways you can transfer money from a credit card to a bank account, too.
Despite the availability of these options, the best way to pay your credit card bills still is to set up automatic deposits from a checking or savings account. As long as you have enough money in your bank account, you won’t miss any payments.
The Chase Freedom Flex PayPal deal is 5% cash back on purchases made with Freedom Flex through PayPal when the service is one of the card’s bonus categories. This Freedom Flex bonus rewards rate applies to the first $1,500 in combined purchases with PayPal and any other categories Chase chooses that quarter.… read full answer
PayPal has been listed as a Chase Freedom Flex or Chase Freedom 5% bonus category during Q4 2020, Q4 2019 and Q2 2018. PayPal may show up as a Chase Freedom Flex bonus category again in the future, too. Categories differ from year to year, so it’s hard to know for sure.
If you want to link Chase Freedom Flex to a PayPal account, log in to PayPal, click “Wallet” and select “Link a card or bank.” Then, click “Link a credit or debit card,” enter the card’s information and press “Link Card.” There are no fees for making purchases on PayPal using Chase Freedom Flex or any other credit card.
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