Frequent Contributor
Posts: 268
Registered: ‎09-30-2012

Paypal Bill Me Later

Just got an offer, anyone have this?

Starting Score: 530 - 2/12
Current Score: EX - 720 EQ - 714 TU-690 WM-720
App free since 5/7/2014
Valued Contributor
Posts: 2,770
Registered: ‎12-11-2011

Re: Paypal Bill Me Later

obageegee wrote:

Just got an offer, anyone have this?

If you're in the building stage of your credit life, I wouldn't go for it since it doesn't report, and would probably go for PP extras mastercard or smart connect. If you want a little hidden tradeline it is pretty decent from what I've heard. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Established Contributor
Posts: 569
Registered: ‎06-12-2012

Re: Paypal Bill Me Later

Yes I do. Beware that regardless of what anyone (including CSR's) tells you, it IS a hard pull. They give you 6 months no payments I think - BUT - make sure you write it down on your calendar or set an alarm or something because if you forget about it (which is what they hope you do) they charge interest retroactively to the opening of the account. Other than that enjoy buying now and paying later.

Wallet: JP Morgan Select Visa Signature $10k | Chase Sapphire Preferred $7k | Citi ThankYou Premier Visa Signature $5700 | AMEX Premier Rewards Gold Card | Barclaycard Visa $5k | Discover IT $10k | Chase Freedom Visa $3k | Capital One Quicksilver $3k | Bank of America Cash Rewards Visa Signature $8k | Walmart Store $5k | Amazon Store $10k | Chase Total Checking |
Frequent Contributor
Posts: 268
Registered: ‎09-30-2012

Re: Paypal Bill Me Later

I don't need any more HP's just wondering...

Starting Score: 530 - 2/12
Current Score: EX - 720 EQ - 714 TU-690 WM-720
App free since 5/7/2014
New Contributor
Posts: 73
Registered: ‎08-29-2012

Re: Paypal Bill Me Later

Got one by email today but I am trying to be good and not have any inquiries on my report so i just ignored it. 

My Wallet: AMEX Gold NPSL, Express 750, Victoria Secret 1050, Macy's 2K, Kay's 5800, Capital One 1.15K, Capital One 2000, QVC 1000, Walmart 2200, Pier 1 1250, Kohl's 300, JCrew 550, JCPenny 900

Current Scores: Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Goal Score: 700
Posts: 12,884
Registered: ‎04-15-2011

Re: Paypal Bill Me Later

I got one too.   Staying in the garden though!

Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Contributor
Posts: 2,005
Registered: ‎12-29-2011

Re: Paypal Bill Me Later

I have Bill Me Later too, no it doesn't report to the agencies so yea if you're trying to build a history, Bill Me Later is useless in that department. I haven't noticed a HP on my CRs yet. I've had it for about a month.

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Senior Contributor
Posts: 3,198
Registered: ‎01-24-2010

Re: Paypal Bill Me Later

It is an unusual account.


No reporting to CB, unless you default.  So you can use deferred interest without effecting your utilization.


Lot of deffered interest deals for 6 months or more.   Deffered interest means you are charged interest from the date of purchase, if you don't pay it off in time.


You can try to charge over your CL anytime you want (no HP) and they will accept or decline right then.    So CL grow incrementally and dynamically.   


DW is very happy with it.


Frequent Contributor
Posts: 252
Registered: ‎10-04-2009

Re: Paypal Bill Me Later

There were grumblings some months back that they were going to begin reporting, but no idea if there is any truth to that or not. Just be prepared for the possibility, I guess.

Frequent Contributor
Posts: 297
Registered: ‎08-08-2012

Re: Paypal Bill Me Later

Seems like many has received this offer! I got an email today stating I was pre-approved. Guess the holidays are approaching quicker than expected!

Dont know yet if I am gping to app for it though....

Starting Score: FAKO: TU 602 EQ 550 EX 565 - 08|2012
Current Score: MyFICO: TU 633 EQ 637 EX 669 (AMEX PULL)09|2012
Goal Score: 700 across the board In my wallet: NFCU cashRewards 12000CL, NFCU LOC 10K CL, BofA cashRewards 5000CL, BofA PP 3000CL, JAREDS (AU) 1500CL, SEARS (AU) 7000CL
Under my mattress: Orchard Bank 320CL and Saks Fifth Avenue 100CL. Finally in the Garden. App Free Since 9/18/12 - No apps until March 2013

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