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Don't read if High Utilization scares you - PayPal SC

Senior Contributor

Don't read if High Utilization scares you - PayPal SC

In July PayPal SC let me charge up to 125% of my limit.  

 

I let it close at that level (Horrors!).   There was no increase in minimum payment or any other issue.  

 

I PIF'd about 2 weeks before due date.   Then I paid off the new charges early to have next statement at $0 balance( Want to get Utilizaton down for September, considering some apps).   

 

PayPal SC just closed yesterday,    Just checked it and got a 55% CLI.      Utilzation is even better than I planned.

 

 

Message 1 of 4
3 REPLIES
Contributor

Re: Don't read if High Utilization scares you - PayPal SC

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Message 2 of 4
Established Contributor

Re: Don't read if High Utilization scares you - PayPal SC

Wierd that you didn't have an increase to your minimum payment. Generally T&C's state that any amount over your CL will be due immediately and will be added to any minimum payment due.

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My Journey from Sub-600s:
Message 3 of 4
Senior Contributor

Re: Don't read if High Utilization scares you - PayPal SC


Jlu wrote:

Wierd that you didn't have an increase to your minimum payment. Generally T&C's state that any amount over your CL will be due immediately and will be added to any minimum payment due.


I was wondering about that.    Of course, if I did not PIF, they would have made a bundle in interest, so minimum payment is best for them in that case.

Message 4 of 4