topic Re: Paypal MC? in Credit Card Applications

Paypal MC?

supill — Fri, 21 Aug 2020 21:35:15 GMT

How soon can I apply for a paypal MC? I did include in BK7 (about like $2k if that) I passed 2 years about a week ago and I just don't want to app and be denied I'm at LOL/24 and also I have a paypal credit. I don't know if that would help?
edit: my scores across the board are about 668-689

Re: Paypal MC?

AZ-Jeff — Fri, 21 Aug 2020 22:16:58 GMT

I would think twice about applying for a credit card. The pandemic economy has them spooked, many are not extending credit, and some are even lowering credit limits on existing account. Unless you absolutely need a card, think about a secured card. But I would wait until you had at least a 720 score. It might help that you have already established a relation with Paypal, but certainly not a guarantee. Just my .02

Re: Paypal MC?

supill — Fri, 21 Aug 2020 23:35:58 GMT

@AZ-Jeff wrote:
I would think twice about applying for a credit card. The pandemic economy has them spooked, many are not extending credit, and some are even lowering credit limits on existing account. Unless you absolutely need a card, think about a secured card. But I would wait until you had at least a 720 score. It might help that you have already established a relation with Paypal, but certainly not a guarantee. Just my .02

Sounds good, I'll follow your advise. I don't need one right now. Was mainly out of curiosity. Thank you

Re: Paypal MC?

Anonymous — Sat, 22 Aug 2020 00:30:17 GMT

@supill I did some research and unfortunately the answer is it varies. Some got back in after 6 months others after 2 and a half years.

Keep in mind that the PayPal MC is issued by Syncrony Bank.

I would suggest you be patient as the above poster mentioned especially with this financial environment.