topic Re: PayPal Credit/PayPal 2% MC in Credit Cards

PayPal Credit/PayPal 2% MC

jayjayhawaii — Mon, 17 Sep 2018 07:08:58 GMT

I keep getting the 2% CB MC landing page every time I log into my PayPal now. But in my email I also got what looks like a preapproval for PayPal credit. Could be an invitation only, it says "you've been selected to apply for PayPal Credit."

1. Are both PayPal Credit and the 2% MC issued by Synchrony?

2. Can you apply for, and get both?

3. Any data points on the PayPal credit?

4. Is it stilla 'hidden tradeline' after Synchrony took over from Comenity?

I plan to apply for the MC in 2 weeks - It looks like a great daily driver. But I do use PayPal quite a bit and a PayPal credit account wouldn't be too shabby either, especially if it's a hidden tradeline.

Re: PayPal Credit/PayPal 2% MC

Brian_Earl_Spilner — Mon, 17 Sep 2018 07:39:18 GMT

@jayjayhawaii wrote:
I keep getting the 2% CB MC landing page every time I log into my PayPal now. But in my email I also got what looks like a preapproval for PayPal credit. Could be an invitation only, it says "you've been selected to apply for PayPal Credit."

1. Are both PayPal Credit and the 2% MC issued by Synchrony?
2. Can you apply for, and get both?
3. Any data points on the PayPal credit?
4. Is it stilla 'hidden tradeline' after Synchrony took over from Comenity?

I plan to apply for the MC in 2 weeks - It looks like a great daily driver. But I do use PayPal quite a bit and a PayPal credit account wouldn't be too shabby either, especially if it's a hidden tradeline.

1. Yes

2. Yes

3. There's a bit floating around

4. Yes, for now

Re: PayPal Credit/PayPal 2% MC

jayjayhawaii — Mon, 17 Sep 2018 07:43:36 GMT

@Brian_Earl_Spilner wrote:
@jayjayhawaii wrote:
I keep getting the 2% CB MC landing page every time I log into my PayPal now. But in my email I also got what looks like a preapproval for PayPal credit. Could be an invitation only, it says "you've been selected to apply for PayPal Credit."

1. Are both PayPal Credit and the 2% MC issued by Synchrony?
2. Can you apply for, and get both?
3. Any data points on the PayPal credit?
4. Is it stilla 'hidden tradeline' after Synchrony took over from Comenity?

I plan to apply for the MC in 2 weeks - It looks like a great daily driver. But I do use PayPal quite a bit and a PayPal credit account wouldn't be too shabby either, especially if it's a hidden tradeline.
1. Yes
2. Yes
3. There's a bit floating around
4. Yes, for now

So basically what I'll see on my credit report is an inq and that's it?

Re: PayPal Credit/PayPal 2% MC

FinStar — Mon, 17 Sep 2018 15:29:51 GMT

Just keep in mind that those are not pre-approval offers, just marketing invitations to apply.

As mentioned above, plus any recent DPs post-SYNCB transition, the PayPal Credit tradeline appears to remain "hidden", for now at least.

Re: PayPal Credit/PayPal 2% MC

Anonymous — Mon, 17 Sep 2018 20:57:51 GMT

The 2% on the PP MC is definitely eniticing. I'm in the market for a flat 2x/2% card as well. But i'd definitely try for the MC if you can. I also hear that if your credit score is less than what they desire the APR can go up to 28%

Re: PayPal Credit/PayPal 2% MC

AverageJoesCredit — Mon, 17 Sep 2018 23:04:33 GMT

No your Apr is set based off your credit score/ report. If you are late most likely will be a penalty apr.

Re: PayPal Credit/PayPal 2% MC

Brian_Earl_Spilner — Mon, 17 Sep 2018 23:07:12 GMT

@AverageJoesCredit wrote:
No your Apr is set based off your credit score/ report. If you are late most likely will be a penalty apr.

Both of you are right. The APR will be set according to your score/report. That APR can be as high as almost 29%.

Re: PayPal Credit/PayPal 2% MC

Brian_Earl_Spilner — Mon, 17 Sep 2018 23:08:36 GMT

@jayjayhawaii wrote:
@Brian_Earl_Spilner wrote:
@jayjayhawaii wrote:
I keep getting the 2% CB MC landing page every time I log into my PayPal now. But in my email I also got what looks like a preapproval for PayPal credit. Could be an invitation only, it says "you've been selected to apply for PayPal Credit."

1. Are both PayPal Credit and the 2% MC issued by Synchrony?
2. Can you apply for, and get both?
3. Any data points on the PayPal credit?
4. Is it stilla 'hidden tradeline' after Synchrony took over from Comenity?

I plan to apply for the MC in 2 weeks - It looks like a great daily driver. But I do use PayPal quite a bit and a PayPal credit account wouldn't be too shabby either, especially if it's a hidden tradeline.
1. Yes
2. Yes
3. There's a bit floating around
4. Yes, for now
So basically what I'll see on my credit report is an inq and that's it?

As of right now, yes