Frequent Contributor
Posts: 275
Registered: ‎09-30-2012
Paypal Bill Me Later

Just got an offer, anyone have this?

Super Contributor
Posts: 7,324
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. 

Established Contributor
Posts: 937
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.

AMEX SPG $20K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $10k | | NASA Platinum-Advantage $10k | CapOne Quicksilver $10k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Frequent Contributor
Posts: 275
Registered: ‎09-30-2012
Re: Paypal Bill Me Later

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

Posts: 86
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, AMEX BCE 1K, Express 1350, Victoria Secret 2250, Macy's 2000, Kay's 7600, Capital One 1400, Capital One 4000, Quicksilver One 3500; Quicksilver 3000; QVC 3500, Walmart 6000, Pier 1 1250, Kohl's 1500, JCrew 1550, JCPenny 3600, Discover 1500, Lowes 12000, Amazon 2400

Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Current Scores: 2/6/15: TU 696 EX: 679 EQ: 658
Goal Score: 700
Posts: 14,034
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+
Take the myFICO Fitness Challenge

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: 2,110
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: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)

Senior Contributor
Posts: 3,197
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: 273
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