07-24-2010 03:18 PM - edited 07-24-2010 03:20 PM
Last night I was checking on a few things in my PayPal account and just couldn't help but notice the "PayPal Plus MasterCard: Get a 30 second decision!" ad at the top. It's a soft pull, so I filled it out for shiggles fully expecting to be denied. But wait, it told me to call the credit department to complete my application? That's new.
So today I called the number PayPal gave me, it rang twice and some guy picked up. Unexpected. I told him I'm calling to complete my app, and he immediately asked for my full SSN, which really concerned me, but I was sure I called the right number so I gave it to him. He then transferred me to the "applications department" and the guy who picked up sounded suspiciously like the last guy from the "service department"... He asked a few questions to verify my identity and said I'm approved with a $2000 CL and should have the card in about a week!
So yeah, their phone application process definitely left me feeling a bit uneasy. But I'm still happy! Just 6 months ago I had no credit history and could barely get anyone to approve me for secured cards...
07-24-2010 07:52 PM
This card doesn't require a hard pull? Are you sure?
07-24-2010 11:15 PM
Thanks gang! No, there will definitly be a hard pull. I was talking about their "30 second decision" thing. I thought it was a soft pull, although now I'm wondering if it was...
08-03-2010 11:49 AM
Got the card yesterday, and it sure is sparkley... But it's not linking up to my PayPal account for some reason so I can't activate it or manage it online. So now I'll have to call them to activate it and get them to link it to my PayPal account. But I've been reading horror stories on PayPal's own message boards about people being bounced around by PayPal CSRs for up to two hours trying to get this very issue resolved. Seems PayPal's customer service is pretty bad, and my somewhat shady experience when first applying for the card reinforces that.
I don't know, this is leaving a bad taste in my mouth. I'm considering just sock drawering the thing since I was approved for an Amex (which I love!) the day after I was approved for this. After reading some of these complaints, I'm even half tempted to cancel it.
I guess I'll call them today see how bad it goes before I make a decision...
08-03-2010 12:55 PM
Do you have a link to that 30-seconds soft pull?
08-03-2010 03:14 PM
there is no soft pull, it's a hard pull and you can get a decision in as little as 30 seconds.
but congrats on the card, that is a very nice limit for paypal card with GE
08-03-2010 06:41 PM
Buy a small thing or two on ebay every other month and pay it off right when it post? Treat the AMEX right. They're not half bad if you're in for the long haul.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.