Hey folks, had a question for all you experts.
I've been getting emails almost daily to apply for the PayPal Extras MC as well as BML and was wondering which would be the better option.
I know a little bit about both of these tradelines, but not enough to make a decision of which one would be better to apply for. I'm not 100% certain that I will pull the trigger on either at this point, but just wanted to gather some sound advice just in case.
Yes, you wil always receive offers for poor quality credit cards.
Choose the best cards yourself. Don't allow the credit card companies to choose for you.
@Themanwhocan wrote:Yes, you wil always receive offers for poor quality credit cards.
Choose the best cards yourself. Don't allow the credit card companies to choose for you.
Although I appreciate the response, it didn't really relate to my question 
I was just wondering which one out of these two were better, what the upsides and downsides to each of these credit lines were.
I'm pretty familiar with receiving offers from various lenders on a daily basis and I've always chosen for myself of course. That's what led me to this question. I use PayPal quite a lot so felt that one of these products may fit into my credit plans. But I wanted to gain as much information before choosing one or the other of these. 
Paypal Extras points are worth 5/6 of a cent. so 3X on Gas and Restaurants is really just 2.5% cash back, and there are better cards for those categories (though restaurants might be useful if you cant get a US Bank cash+). If you were interested in that 2X on Paypal and Ebay, then thats really 1.66% cash back. The Fidelity Amex gives 2% cash back on all purchases, just for comparison purposes. So there are better choices available in all categories.
Creditaddict seems to understand Bill Me Later far more than I do, so I have nothing to add regarding that.
There are a few nice benefits to the Bill Me Later account. The main one being that it doesn't report to the credit bureaus. So if you want to make a fairly large purchase like a TV or whatever you can carry a balance for a while using the 6 month 0% and not Harvey to worry about your utilization being high.
I just got an email for them yesterday offering 12 and 18 months no interest as well. The other nice thing is that you don't really have a credit limit . They will soft pull TU each time you want to make a purchase that exceeds your current limit and it will either approve or decline and then you balance at that time becomes your new CL.
im not sure how high you can go with them but they seem to always start the line around $300 . I've had my account a few months and it's up to $2500, haven't been declined for a purchase yet.
they do offer cash back from certain merchants but they are horrible at crediting you properly and they are more than happy to blame it on your browser and won't help you in that aspect at all. The CSR are complete idiots why it comes to cash back.
The downsixe Ofcourse is that you won't build any credit history with them other than internally with Comenity.You also cannot use the BML account as back up fuming for the paypal debit card like the smart connect.
I also noticed after having they BML account with Comenity. I know get the preapproval popups on all the shopping cart tricks and. I never got them before. I don't want any Comeith cards buy it is fun to see the preapprovals
Thanks y'all for some excellent info on these products. I like the idea of a hidden tradeline, especially for pricey purchases that I may want to float for a few months. But the cash back of the Extras sound nice too.
Maybe you're right, maybe I should go for both, although with the Freedom, It and BOA 123 I get some pretty good cash back in most any category as I usually alternate between those. I do a lot of business on eBay though so having a cash back option for those purchases other than 1% sounds pretty good.
Definitely have to put some heavy thought into this.
BTW, The PP Extras MC does report to the bureaus correcT?
You can get both BML and the Extras MC but you have to have 2 paypal accounts if you want the BML links to a paypal account.
Also keep in mind that if you get declined for the MC they will automatically give you the Smart Connect account. Your TU score looks good enough for the MC. I applied for the MC and got the smary connect which I was fine with since you can link it to the debit card and then use the debit card like a credit card.
Oh, and yes the paypal MC will report to the CB,s.