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Valued Member
Posts: 47
Registered: ‎02-23-2017
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Re: Paypal 2% Mastercard now publicly available

[ Edited ]

just got the card. So far no problem 

Regular Contributor
Posts: 199
Registered: ‎03-07-2017
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Re: Paypal 2% Mastercard now publicly available

Used my card the first day I got it last Saturday. No problem. I just can't add it to Samsung Pay for some reason. I was able to add it to my old phone. Just got a new one earlier this week and now it says that it's not supported.
AMEXPRG.jpgBCP.jpgstarwood-preferred-guest.pnggold-delta-skymiles.pngCapOne QS new.pngavsf0i.pngciti-double-cash-credit-card.jpgplatinum_visa_card.png41VgxfCVJOL.jpg
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Frequent Contributor
Posts: 273
Registered: ‎08-31-2017
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Re: Paypal 2% Mastercard now publicly available

bf finally got an email today FIVE days after being approved, saying he should get his card in 2-5 days but he can use it before it even arrives!

 

however in tiny letters underneath all that: *If your application is not immediately approved and is placed into a pending status before approval, you will not be able to use your PayPal Cashback Mastercard until you receive and activate the card.  - so if it pends for any reason and you have to call in.. boohoo for you.. booo!

|Cap1QS 3750 | Gamestop 950 | Discover 7000 | Amazon Store Card 900 | Care Credit 1500 | Victoria's Secret $250(SCT)| Express $350(SCT) | AEO $150|| Ch 7 BK 12/2013 | Fico 8 EXP 665| TU 681 | Eq 701 |gardening until 6/2018
Established Member
Posts: 16
Registered: ‎09-20-2017

Re: Paypal 2% Mastercard now publicly available

Long time lurker and this will be my first post Smiley Happy

 

I just applied for the Paypal 2% Mastercard today and I received an instant approval with a $2,000.00 credit limit ($250.00 available until card arrives). I have a FICO score of 683, 2 inq, and my average age of credit is 3 months - no bads on my record.

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Registered: ‎03-07-2017
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Re: Paypal 2% Mastercard now publicly available


crestfallen wrote:

Long time lurker and this will be my first post Smiley Happy

 

I just applied for the Paypal 2% Mastercard today and I received an instant approval with a $2,000.00 credit limit ($250.00 available until card arrives). I have a FICO score of 683, 2 inq, and my average age of credit is 3 months - no bads on my record.


Welcome to the forums!!!

 

Grats on the approval! Treat it well for a few statements and it will grow!

AMEXPRG.jpgBCP.jpgstarwood-preferred-guest.pnggold-delta-skymiles.pngCapOne QS new.pngavsf0i.pngciti-double-cash-credit-card.jpgplatinum_visa_card.png41VgxfCVJOL.jpg
pp-mc-final.pngIT_CHP_GARNET.pngplccPrimeStoreCard_243x154._TTD_.png20151006_sc_header_cards.pngPayPal_Credit_Logo_v2.jpg
Established Member
Posts: 16
Registered: ‎09-20-2017
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Re: Paypal 2% Mastercard now publicly available


Ringwraith1986 wrote:

crestfallen wrote:

Long time lurker and this will be my first post Smiley Happy

 

I just applied for the Paypal 2% Mastercard today and I received an instant approval with a $2,000.00 credit limit ($250.00 available until card arrives). I have a FICO score of 683, 2 inq, and my average age of credit is 3 months - no bads on my record.


Welcome to the forums!!!

 

Grats on the approval! Treat it well for a few statements and it will grow!


Thank you! This forum has been super helpful to me. I was really excited to get approved for this Paypal 2% Cashback card.

Frequent Contributor
Posts: 324
Registered: ‎01-01-2016

Re: Paypal 2% Mastercard now publicly available

Closed my ebay extras MC in August 2017. Just now i was approved for Paypal 2% cash back card . So yeah , i dont think one has to wait for 12 months to apply for paypal 2%cash back card.

 

I like my apr 16.99% but my limit is 300.  But then Synchbisbweird like that. My walmart started as a store card with 250 but with in a month it was 5000 and now it is 10000 and a MC. All within a year. 

 

I guess i will wait for a month or two and then after 2 statements and payments request CLI. My old navy and Marvel got increases like that. After two statements. 

QS 7K | Disc11.5k | Amex Evday 6.9K | AmexBluCsh 20K| NFCUcshrewrds15.5K | NFCU more rewards amex 9700K|Penfed cshrewrds 5K | Penfed travel Amex 5K|Consumers Cu Visa signature Cash rebate 6.5K | Blispay 2K| Citi Sim 7K|Citi Double cash 7.1k|
Chase Aarp 4.2K| Chase prime vis sig 3.5K | Paypal 2% Cash back 300| US Bank Cash+ 500| US bank Amex 500|Walmart MC 10K |2nd Disc 3.5K| Amz Store CC 5K | Care credit 5.5K |Marvel MC 5.5K |Good yearCC 2.4k - Over 145k CL all together

FICO SCORES- TU 737, EQ 710, EX7829 , AAOA 1 year. Inquiries TONS.
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Registered: ‎09-28-2014
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Re: Paypal 2% Mastercard now publicly available

[ Edited ]

DeepKc wrote:

Closed my ebay extras MC in August 2017. Just now i was approved for Paypal 2% cash back card . So yeah , i dont think one has to wait for 12 months to apply for paypal 2%cash back card.

 

I like my apr 16.99% but my limit is 300.  But then Synchbisbweird like that. My walmart started as a store card with 250 but with in a month it was 5000 and now it is 10000 and a MC. All within a year. 

 

I guess i will wait for a month or two and then after 2 statements and payments request CLI. My old navy and Marvel got increases like that. After two statements. 


Congrats on your approval, especially after closing your eBay Extras card, But I bet that $300 is just a temp limit until you get your card. That 16.99% APR is their "top tier" best APR and I don't think they would give you that APR with such a low SL. When I was approved in early July I got that APR and a $200-300 temp limit and a $7k CL when the card arrived.

Some have criticized that "top tier" APR being so high, and I believe the "low tier" is as high as 23-24.99%, but the way I look at it with 2% cashback on every purchase they're not going to make much on swipe fees and need to make it up somewhere. But smart personal finance managers know that a high cashback rewards/high APR is not a card on which you want to carry a balance.


Fico 08: 720/721/719 TU/EX/EQ
Frequent Contributor
Posts: 324
Registered: ‎01-01-2016
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Re: Paypal 2% Mastercard now publicly available

[ Edited ]

DaveInAZ wrote:

DeepKc wrote:

Closed my ebay extras MC in August 2017. Just now i was approved for Paypal 2% cash back card . So yeah , i dont think one has to wait for 12 months to apply for paypal 2%cash back card.

 

I like my apr 16.99% but my limit is 300.  But then Synchbisbweird like that. My walmart started as a store card with 250 but with in a month it was 5000 and now it is 10000 and a MC. All within a year. 

 

I guess i will wait for a month or two and then after 2 statements and payments request CLI. My old navy and Marvel got increases like that. After two statements. 


Congrats on your approval, especially after closing your eBay Extras card, But I bet that $300 is just a temp limit until you get your card. That 16.99% APR is their "top tier" best APR and I don't think they would give you that APR with such a low SL. When I was approved in early July I got that APR and a $200-300 temp limit and a $7k CL when the card arrived.

Some have criticized that "top tier" APR being so high, and I believe the "low tier" is as high as 23-24.99%, but the way I look at it with 2% cashback on every purchase they're not going to make much on swipe fees and need to make it up somewhere. But smart personal finance managers know that a high cashback rewards/high APR is not a card on which you want to carry a balance.


Yeah i agree. With synchrony definitely the limit will increase . This is my first synch card that has the low apr . My all other synch cards have apr above 20% .So i love that i got lowest of synch apr for 2% cash back card. My lowest apr of all CCs so far is from Consumers CU cash rebate visa signature  @12.95%.  Btw i dont plan to pay any interest unless there is a 1.9% low apr promo for purchases/cashadvances/balance transfers for 12 months or something. I always PIF. And i use 0% and low apr balance transfers for putting some money in my rewards checking and earning interestSmiley Wink 

QS 7K | Disc11.5k | Amex Evday 6.9K | AmexBluCsh 20K| NFCUcshrewrds15.5K | NFCU more rewards amex 9700K|Penfed cshrewrds 5K | Penfed travel Amex 5K|Consumers Cu Visa signature Cash rebate 6.5K | Blispay 2K| Citi Sim 7K|Citi Double cash 7.1k|
Chase Aarp 4.2K| Chase prime vis sig 3.5K | Paypal 2% Cash back 300| US Bank Cash+ 500| US bank Amex 500|Walmart MC 10K |2nd Disc 3.5K| Amz Store CC 5K | Care credit 5.5K |Marvel MC 5.5K |Good yearCC 2.4k - Over 145k CL all together

FICO SCORES- TU 737, EQ 710, EX7829 , AAOA 1 year. Inquiries TONS.

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