topic Re: I got approved for PayPal Credit!! in Credit Card Approvals

I got approved for PayPal Credit!!

MikeyMagic — Thu, 28 Dec 2023 01:11:34 GMT

Hey everyone,

So I use PayPal a lot, including Pay in 4 and up until today my pre-qualification limit for the Pay in 4 has been around $400. Again I am new to building my credit since mid September.

Anyways I checked today and my pre-qualification amount for Pay in 4 with PayPal is now $1500 which is the max!! That must mean I am doing well with my credit cards and using PayPal responsibly right?

So then since I use PayPal a lot and the Pay in 4 went to $1500, I saw this PayPal credit offer to apply on my PayPal account. I looked into it and it seemed good for me but I was also nervous because I didn't want a denial.

I decided to go for it and got approved for a $1200 limit!! I mean I know maybe it's not a huge amount but I'm happy I got approved and I know I'll be using it responsibly.

Baby steps for me, I just feel happy because a hard credit pull was done on TransUnion and PayPal thought enough of my credit profile to approve me. Not only approve me but not give me some paltry $250 or $500 limit. $1200 for me right now seems like so much lol.

Anyone else have experience with PayPal Pay in 4 or PayPal Credit? Should I have done it?

Thx to all!!

Re: I got approved for PayPal Credit!!

TalkingCredit91 — Thu, 28 Dec 2023 06:16:24 GMT

Congrats!

Building a healthy credit profile is definitely a long game, but I remember that first limit over $1k myself and it's an amazing feeling.

Keep using it responsibly, PIF whenever possible, and that line will grow and open up new doors for you.

Stay disciplined!

Re: I got approved for PayPal Credit!!

MikeyMagic — Thu, 28 Dec 2023 10:19:44 GMT

@TalkingCredit91 wrote:
Congrats!

Building a healthy credit profile is definitely a long game, but I remember that first limit over $1k myself and it's an amazing feeling.

Keep using it responsibly, PIF whenever possible, and that line will grow and open up new doors for you.

Stay disciplined!

Appreciate that a lot. I wonder if my approval has more to do with me using PayPal all the time rather than my credit score lol but I'll take it.

Re: I got approved for PayPal Credit!!

stonedog23 — Thu, 28 Dec 2023 16:01:08 GMT

@MikeyMagic wrote:
@TalkingCredit91 wrote:
Congrats!

Building a healthy credit profile is definitely a long game, but I remember that first limit over $1k myself and it's an amazing feeling.

Keep using it responsibly, PIF whenever possible, and that line will grow and open up new doors for you.

Stay disciplined!
Appreciate that a lot. I wonder if my approval has more to do with me using PayPal all the time rather than my credit score lol but I'll take it.

Rest assure, they liked what they saw when they pulled your file.

Re: I got approved for PayPal Credit!!

MikeyMagic — Thu, 28 Dec 2023 16:19:05 GMT

@stonedog23 wrote:
@MikeyMagic wrote:
@TalkingCredit91 wrote:
Congrats!

Building a healthy credit profile is definitely a long game, but I remember that first limit over $1k myself and it's an amazing feeling.

Keep using it responsibly, PIF whenever possible, and that line will grow and open up new doors for you.

Stay disciplined!
Appreciate that a lot. I wonder if my approval has more to do with me using PayPal all the time rather than my credit score lol but I'll take it.

Rest assure, they liked what they saw when they pulled your file.

Thx man I appreciate that a lot!!

Re: I got approved for PayPal Credit!!

cashorcharge — Thu, 28 Dec 2023 18:35:06 GMT

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Re: I got approved for PayPal Credit!!

CreditAggie — Fri, 29 Dec 2023 05:26:26 GMT

Congratulations on your PayPal Credit approval!

Re: I got approved for PayPal Credit!!

BigBS — Fri, 29 Dec 2023 14:36:23 GMT

Congrats on the approval!

Re: I got approved for PayPal Credit!!

collics — Fri, 29 Dec 2023 17:01:01 GMT

Congratulations!!

Even tho I am not a fan of Sync, PPC is one of my fav and most used accounts for the no-interest option.

I love the Pay in 4 option too!

Re: I got approved for PayPal Credit!!

KingRue8500 — Sat, 30 Dec 2023 02:12:17 GMT

Congrats on your PayPal Credit approval

Re: I got approved for PayPal Credit!!

MikeyMagic — Sat, 30 Dec 2023 02:25:49 GMT

@collics wrote:
Congratulations!!

Even tho I am not a fan of Sync, PPC is one of my fav and most used accounts for the no-interest option.
I love the Pay in 4 option too!

Me too!! I love the Pay in 4 option and now I finally have the max $1500 pre-approved for me to use if I want. Feels great. Thx for the congrats.

Re: I got approved for PayPal Credit!!

MikeyMagic — Sat, 30 Dec 2023 02:26:29 GMT

@KingRue8500 wrote:
Congrats on your PayPal Credit approval

Thanks KingRue.

Do you know if PayPal credit counts towards Chase 5/24?

Re: I got approved for PayPal Credit!!

Legally_Speaking2512 — Sat, 30 Dec 2023 02:31:57 GMT

That's phenomenal! Congrats to you is definitely in order. Nothing I like more than seeing people who are new to credit try to learn about it and use it responsibly. Just remember to keep your utilization low maybe between 3% to 5% of your overall credit. That $1,200 limit can seem tempting. Just keep using it responsibly. Me personally, I'll put a tank of gas on my Capital One card every month and then pay it off in full.

You're heading down the right path for sure. Again congrats

Re: I got approved for PayPal Credit!!

MikeyMagic — Sat, 30 Dec 2023 02:40:57 GMT

@Legally_Speaking2512 wrote:
That's phenomenal! Congrats to you is definitely in order. Nothing I like more than seeing people who are new to credit try to learn about it and use it responsibly. Just remember to keep your utilization low maybe between 3% to 5% of your overall credit. That $1,200 limit can seem tempting. Just keep using it responsibly. Me personally, I'll put a tank of gas on my Capital One card every month and then pay it off in full.

You're heading down the right path for sure. Again congrats

Wow thank you so much for the compliment. I really am trying. And my utilization is 2%. Is that too low? I'm doing AZEO. Been only 3 months so I have a limited history.

Re: I got approved for PayPal Credit!!

UH_HUH — Sun, 31 Dec 2023 23:41:17 GMT

Way to go @MikeyMagic

Thanks for sharing your experience

Enjoyed reading about it.

Enjoy your new card 😁

Cheers