topic Re: How often will PayPal Credit increase limit? in Credit Cards

How often will PayPal Credit increase limit?

Anonymous — Mon, 30 May 2016 18:48:45 GMT

I have a PayPal Credit account that I've had for a number of years and last month I made a purchase over the limit, with the hope that Paypal would finally increase the limit to cover it. They did approve the increase, so I went from $800 to $1,269, and once I saw the new limit post on the account, I took the item back. How often does PayPal Credit increase the limit when doing it this way? My other Comenity cards increase with the luv button every month, but I don't want to push them if it definitely won't happen.

Re: How often will PayPal Credit increase limit?

Meanmchine — Mon, 30 May 2016 19:16:10 GMT

Paypal is now Synchrony bank. Try calling credit solutions

Re: How often will PayPal Credit increase limit?

Anonymous — Mon, 30 May 2016 19:22:25 GMT

@Meanmchine wrote:
Paypal is now Synchrony bank. Try calling credit solutions

Thanks, but I'm asking about the Paypal Credit product which is backed by Comenity, not the Paypay Smart Connect or MC which are backed by Synchrony. Also, the last time I called CS, they didn't seem to know a lot about the CLI details.

Re: How often will PayPal Credit increase limit?

Anonymous — Mon, 30 May 2016 20:11:49 GMT

I certainly wouldn't keep buying and then returning items just to get a CLI. Comenity will catch on eventually and stop giving you increases or worse. Regulars CLIs on PP credit are hit and miss and they won't always approve purchases over your existing limit. Much of that is based on your credit and income.

Re: How often will PayPal Credit increase limit?

RonM21 — Mon, 30 May 2016 22:49:44 GMT

I'm with Irish on this. I feel like you would be tempting bad fate if you kept doing it. This may be the first time I heard this being considered as an actual strategy for continied CLI's. Play it safe and maybe call them to get more insight.

Re: How often will PayPal Credit increase limit?

AverageJoesCredit — Mon, 30 May 2016 23:10:10 GMT

Im not sure but as a data point for you i believe i've had my account for about a year and just yesterday received my first cli, $1000 on top of my limit of 592. I did recently pay off entire balance but before doing so would buy various things on ebay and basically making monthly payments. I hope with time and great payment record i will continue to get some auto luv

Re: How often will PayPal Credit increase limit?

CountryLivin — Mon, 30 May 2016 23:11:31 GMT

The way Comenity has been, I wouldn't tempt fate....you just might start having accounts closed.

Re: How often will PayPal Credit increase limit?

Strogen — Mon, 30 May 2016 23:45:59 GMT

Most of my Paypal credit increases came from pushing the limit and seeing if a purchase would be approved. I was denied more than once but they havent denied me in over a year now.

Started at $1500 and now at $4420. I had it maxed at $3750 recently and when I got my $5K bonus check from work I paid it off in full and in the next day or two it had increased automatically to $4420.

Looks like it combination of pushing the limit, utilization and a good payment history + paying it down.

Just yesterday I decided to apply for a MacMall account (same lender as paypal credit) just to see since I was obviously in their good graces, approved for $5K. A year ago when my paypal credit was maxed they denied for macmall account so keeping it maxed is a bad idea.

Re: How often will PayPal Credit increase limit?

Anonymous — Tue, 31 May 2016 00:01:43 GMT

@Anonymous wrote:
I certainly wouldn't keep buying and then returning items just to get a CLI. Comenity will catch on eventually and stop giving you increases or worse. Regulars CLIs on PP credit are hit and miss and they won't always approve purchases over your existing limit. Much of that is based on your credit and income.

Thanks for the info, and I absolutely agree, I don't want to just buy/return items to push the limit. The test I did was mainly to see if they would even consider increasing the limit. I had attempted to buy over the limit in March, and the rejected it based on a score they pulled from October 2015, so I wanted to see if they had done an AR and would even increase it at all.

Re: How often will PayPal Credit increase limit?

Anonymous — Tue, 31 May 2016 00:06:22 GMT

Yeah, I may just call again. I know CS can be very hit or miss on policy unfortunately. And yes, I def don't want to tempt fate, Comenity has been VERY good to me post BK, just the very fact that I still have my cards is almost a miracle.

Re: How often will PayPal Credit increase limit?

Anonymous — Tue, 31 May 2016 00:15:48 GMT

@AverageJoesCredit wrote:
Im not sure but as a data point for you i believe i've had my account for about a year and just yesterday received my first cli, $1000 on top of my limit of 592. I did recently pay off entire balance but before doing so would buy various things on ebay and basically making monthly payments. I hope with time and great payment record i will continue to get some auto luv

I've had my account since 2013, but I used it only once between then and late 2015. Since then, I've used it for several decent sized purchases ($200-300 each) that I've paid off within 1-2 months. Did you get the 6mo no payments on your ebay purchases?

Re: How often will PayPal Credit increase limit?

Anonymous — Tue, 31 May 2016 00:22:18 GMT

@Strogen wrote:
Most of my Paypal credit increases came from pushing the limit and seeing if a purchase would be approved. I was denied more than once but they havent denied me in over a year now.

Started at $1500 and now at $4420. I had it maxed at $3750 recently and when I got my $5K bonus check from work I paid it off in full and in the next day or two it had increased automatically to $4420.

Looks like it combination of pushing the limit, utilization and a good payment history + paying it down.

Just yesterday I decided to apply for a MacMall account (same lender as paypal credit) just to see since I was obviously in their good graces, approved for $5K. A year ago when my paypal credit was maxed they denied for macmall account so keeping it maxed is a bad idea.

Wow, that's awesome and thanks for the info. I've had a couple of charges of $200-300 and i've paid them off within about 2 months each to ensure I beat the interest charges, so I hope your strategy works for me as well. Even though I have my Capital One cards with no interest, I like the ability to pay for some things over time, without my utilz taking a hit. Plus the no interest will be ending by the end of the year so I want to have the flexibility to use this if I need too.

Re: How often will PayPal Credit increase limit?

AverageJoesCredit — Tue, 31 May 2016 01:42:51 GMT

Hi amberlina, i know i had various items that had the six month no payments but since i was buying a little here a little there i honestly lost check of what 6 months no payments i had the option of utilizing unless they would say pay this amount by so and so to avoid additional chargs. I just made my payments . it will be interesting if they turn this into a 2% cash back account as a poster made note earlier that they received an email about.