The minimum PayPal Credit Card credit score required is 700, which is good credit. As long as you have at least good credit, you should qualify for the PayPal Credit Card.
If you use PayPal and eBay a lot, or like to eat at restaurants, it’s worth the hard inquiry. The PayPal Credit Card gives 3 points per $1 spent at gas stations and restaurants, and 2 points per $1 on PayPal and eBay purchases.
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.
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.… read full answer
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.
CCB/PPC stands for “Comenity Capital Bank/PayPal Credit.” If you see this on your credit report, it means one of two things. First, you may have applied for a PayPal Line of Credit, which gives you 6 months to pay off purchases of $99 or more. Or someone else could have applied for this line of credit in your name, which would be fraudulent and something you’d need to act on immediately. … read full answer
Here’s what CCB/PPC means:
CCB/PPC is short for “Comenity Capital Bank/PayPal Credit.” PalPal Credit is a revolving line of credit from PayPal managed by Comenity Capital Bank.
PayPal Credit gives you 6 months to pay on purchases of $99 or more. If you pay in full within those 6 months, you pay no interest. If you don’t, you’ll owe interest at a 25.49% (V) APR dating back to when you made the purchase, like it was always there.
If you applied for a PayPal credit account, that would have generated a hard inquiry on your credit report, represented as “CCB/PPC.”
If you don’t use PayPal Credit, someone may have fraudulently opened an account in your name. In that case, you should call PayPal right away at 1-866-528-3733, dispute the records on your credit report, and consider filing an identity theft report.
PayPal Credit doesn’t have any kind of annual fee. But you’ll still pay a flat fee of 2.9% + $0.30 for each transaction you make. That’s the same fee you’d ordinarily pay when using a credit card or debit card to send money through PayPal.
I just got a $700 credit limit and my score is 658. I think it depends on your payment history with synchrony bank. I have several store credit cards through them so the know my habits. I will use and pay off the next week or so.
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