How much is the PayPal Credit Card annual fee?

You can get a PayPal Cashback Credit Card by applying for one online, but you need at least good credit to qualify for approval. The issuer will also take into account your income, debt and number of open accounts, among various other factors when considering your application.

Here’s how to get a PayPal Cashback Credit Card:

1. Visit the PayPal Cashback Credit Card’s webpage.
2. Click on “Start Credit Card Application.”
3. Log in to your PayPal account to access the application.
4. Fill out and submit the application, making sure all your personal information is correct.
5. Wait for a decision. You could be approved instantly, or it might take up to 30 days.

Keep in mind that you don’t need a PayPal Cashback Credit Card to use a credit card on PayPal. For example, the PayPal Cashback Credit Card doesn’t offer a 0% introductory APR, so it’s not ideal for financing. You might benefit more from a card like the Wells Fargo Active Cash® Card that awards cardholders with 2% cash rewards on all purchases. This card also offers a 0% intro APR on purchases for 15 months from account opening (19.24% - 29.24% Variable regular APR).

All in all, the PayPal Cashback Credit Card has very decent rewards. But the best credit cards for online shopping on the market can give you much more.

The starting credit limit for the PayPal Credit Card was $250. Every approved applicant’s credit limit was determined by multiple factors such as their credit score, income, and payment history. However, it is worth noting that the PayPal Credit Card is no longer available to new applicants.

What you should know about the PayPal Credit Card credit limit:… read full answer

• Initial credit limits aren’t permanent. Once your account has been open for at least 6 months, you can request a credit limit increase from your account online or by calling (844) 373-4961.
• Requesting a PayPal Credit Card credit limit increase might result in a hard pull on your credit, lowering your score for a short period of time.
• To improve your chances of being approved for a higher credit limit, always pay your bills on time and stay well below your credit limit.

If you’re looking for a credit card that offers a high starting credit limit, you should consider getting the Wells Fargo Active Cash® Card. This card has a starting credit limit of $1,000. Wells Fargo Active Cash® Card also has a $0 annual fee and requires at least good credit for approval. Plus, you can earn 2% cash rewards on all qualifying purchases.

To cancel your PayPal Credit Card, call customer service at (844) 373-4961 or the number on the back of your card. Before canceling, make sure to pay down any outstanding balance you might have on your account.

Here’s how to cancel your PayPal Credit Card credit card:

1. Call (844) 373-4961.
2. When prompted, press “1” to continue with your call.… read full answer
3. You can then enter the phone number associated with your account or your Social Security Number.
4. When asked by the automated system what do you need help with, say “More Options” and then say “Close Account”.
5. Wait to be connected to a customer service representative.

Keep in mind that canceling the card might hurt your credit score for a short period of time. Since it doesn’t have an annual fee, it’s best to just keep it open without a balance. But if you do decide to cancel your PayPal Credit Card, you can check the effect it will have on your score by using WalletHub’s free credit score simulator.