topic Re: Maxing Out PayPal Credit Question? in Credit Cards

Maxing Out PayPal Credit Question?

Anonymous — Sat, 13 Dec 2014 20:27:49 GMT

I recently obtained PayPal Credit and want to make a purchase using that line for the No Payments, No Interest for 6 months. The purchase will max the card out leaving about $30 until it's paid down. I know this won't affect utilization since it doesn't report but will that make me look bad through the lender? Input is greatly appreciated! Thank you in advance!

Re: Maxing Out PayPal Credit Question?

Anonymous — Sat, 13 Dec 2014 20:30:45 GMT

I maxed mine out, & am currently paying it down, taking advantage of the same offer. Not sure who the lender is, but since it doesn't post to my report, imo I could care less that they think of me. Actually, once I get it to 0 I don't plan on touching it again.

Re: Maxing Out PayPal Credit Question?

Anonymous — Sat, 13 Dec 2014 20:36:33 GMT

Awesome... thinks for the input. The lender is Comenity and I have several cards through them which is why I was hesitant!

Re: Maxing Out PayPal Credit Question?

ojefferyo — Sat, 13 Dec 2014 20:56:56 GMT

Yup it's backed by comenity and it's not reported. Just and FYI though, no interest for 6 months is if you pay it all off. 1 day goes by and you get the full interest from the day it posted to your account.

Re: Maxing Out PayPal Credit Question?

Anonymous — Sat, 13 Dec 2014 22:53:23 GMT

Yes! I made sure to read all stipulations. It will be paid off well within 6 months!

Re: Maxing Out PayPal Credit Question?

tcbofade — Sun, 14 Dec 2014 02:06:29 GMT

Ummm; MY pay pal is backed by GE now Synch, and IS reported...

Re: Maxing Out PayPal Credit Question?

Anonymous — Sun, 14 Dec 2014 02:12:28 GMT

Do you have PayPal credit or an actual credit card? I've yet to see anyone's paypal credit report.

Re: Maxing Out PayPal Credit Question?

Anonymous — Sun, 14 Dec 2014 03:07:54 GMT

@Anonymous wrote:
Do you have PayPal credit or an actual credit card? I've yet to see anyone's paypal credit report.

PayPal credit never reports unless it's something bad. The PayPal credit card does report.

Re: Maxing Out PayPal Credit Question?

tcbofade — Sun, 14 Dec 2014 03:04:33 GMT

@Anonymous wrote:
@Anonymous wrote:
Do you have PayPal credit or an actual credit card? I've yet to see anyone's paypal credit report.
PayPal credit never ports unless it's something bad. The PayPal credit card does report.

Ah. Sorry, I misunderstood. I have the PayPal credit card.

Re: Maxing Out PayPal Credit Question?

Anonymous — Sun, 14 Dec 2014 03:08:28 GMT

@tcbofade wrote:
@Anonymous wrote:
@Anonymous wrote:
Do you have PayPal credit or an actual credit card? I've yet to see anyone's paypal credit report.
PayPal credit never ports unless it's something bad. The PayPal credit card does report.
Ah. Sorry, I misunderstood. I have the PayPal credit card.

NP. It happens a lot

Re: Maxing Out PayPal Credit Question?

Anonymous — Sun, 22 Feb 2015 04:37:49 GMT

Congrats!!

Re: Maxing Out PayPal Credit Question?

SunriseEarth — Sun, 22 Feb 2015 08:38:56 GMT

@Anonymous wrote:
I recently obtained PayPal Credit and want to make a purchase using that line for the No Payments, No Interest for 6 months. The purchase will max the card out leaving about $30 until it's paid down. I know this won't affect utilization since it doesn't report but will that make me look bad through the lender? Input is greatly appreciated! Thank you in advance!

No issue. That's what it's made for. In fact, you could even go over your CL if needed; they just move your CL to the new balance. I'm currently using mine to make payments on my auto insurance.