What's the starting credit limit for the PayPal Credit Card?

The minimum PayPal Credit Card credit score required was 700; this means at least good credit was needed for approval. However, the PayPal Credit Card is no longer available to new applicants.

Alternative Credit Card Option

If you’re looking for a similar card, you should consider getting the PayPal Cashback Credit Card. This card offers 3% cash back on PayPal purchases and 2% back on all other purchases.

The PayPal Cashback Credit Card requires at least good credit (a credit score of 700+) to get approved. If you’d like to know where you stand, you can … read full answercheck your credit score for free, right here on WalletHub.

The PayPal Credit Card’s annual fee is $0. So, all the rewards cardholders earn can be pure savings. The card offers 1 - 3 points per $1 spent on certain categories. However, this is not the only fee you need to worry about with the PayPal Credit Card.

PayPal Credit Card Fees

• Annual Fee: $0
• Cash Advance Fee: 3% (min $5)
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• Foreign Transaction Fee: 3%
• Max Late Fee: $40

Thanks to the $0 annual fee, the PayPal Credit Card can help you build credit even when you're not using it. Just make sure you leave it open without a balance. If you carry a balance, you’ll owe interest at the card’s APR of 19.99% - 26.99% (V).

You can request a credit line increase every 4-6 months, or even more frequently. But your chances of being approved for an increase are best if you wait at least 6 months from when you opened your account or last requested a higher limit. If you request an increased limit right after being approved for a new card, it’s unlikely that anything will have changed since the issuer made its initial decision about your credit limit. If you wait 6 months and manage your account responsibly in the meantime, however, you’ll have proven that you can handle your current credit limit.… read full answer

Here’s what you need to know about requesting a credit limit increase:

When you request a credit line increase, the issuer will ask about your current gross income, employment status, key financial obligations, etc. Once you’ve made a request, you should generally wait 6-12 months before submitting another. You can ask for another credit limit increase earlier if your financial situation changes, though. For instance, receiving a raise from your job is a great time to ask for an increase since you’ll have more money to spend. Anytime your overall income goes up, you could be eligible for a limit increase.

Requesting a credit line increase is easy, and you’ll often receive a decision quickly—either instantly or within 10 business days. Just make sure to request an increase when you have the greatest chance of being approved. Asking for a credit limit increase usually leads to a hard credit inquiry, which can cause a temporary dip in your credit score. While your score will recover, it’s best to avoid numerous hard inquiries in a short period of time, especially if you need your credit to be in good shape for a particular reason in the near future.