topic Re: Paypal cashback MasterCard in Credit Cards

Paypal cashback MasterCard

Deeyarht948 — Mon, 12 Apr 2021 05:02:35 GMT

It I received a preapproval invite to apply for the PayPal cashback MasterCard. Anyone has any experience with This card what kind of credit limit I should expect at the beginning of its worth the hard pull thanks all for helping

Re: Paypal cashback MasterCard

TJHOFF — Mon, 12 Apr 2021 11:45:11 GMT

I got mine as a backup 2% cash back card. Approved for $8,800 without the best credit scores ~ 720 with elderly BK and two 2015 late mortgage payments. Used it to pay for a $5750 roofing job although I had the cash in my bank account. They reported credit usage immediately to all 3 bureaus. Credit score went down 10-30 points. I had money to pay balance so I paid it right before closing so charge didn't even show up on statement, took 3 weeks for free up that part of credit line.

Not floored by card but they were pretty prompt after I paid giving me my 2% and transfer to PP, then on to my bank is drama free and only took couple of days.

Also can't put card in Apple Wallet.

OK card but it won't be taking over for my Fidelity Visa daily driver.

Re: Paypal cashback MasterCard

Anonymous — Mon, 12 Apr 2021 13:12:00 GMT

@TJHOFF wrote:

Also can't put card in Apple Wallet.
OK card but it won't be taking over for my Fidelity Visa daily driver.

I prefer it over the Fidelity Visa because a) no min redemption and b) no FTF. I think it's a very good 2% card. It can be added to some wallets, such as Samsung.

Re: Paypal cashback MasterCard

summerterrace — Mon, 12 Apr 2021 14:23:36 GMT

I got an offer for 4% back for the first 90 days on up to $5000 of spend. Debating it...

Re: Paypal cashback MasterCard

Anonymous — Mon, 12 Apr 2021 15:25:48 GMT

@summerterrace wrote:
I got an offer for 4% back for the first 90 days on up to $5000 of spend. Debating it...

If you just need a good 2% card, that's an added bonus SUB. But for those chasing SUBs, not very attractive. It's just an additional $100 on $5K spend.

Re: Paypal cashback MasterCard

firefox100 — Mon, 12 Apr 2021 17:15:06 GMT

If you like us to give you an Idea what to expect when applying for the Paypal mastercard we will need your Fico scores and your income, just remember it is going to gess we are not synchrony it wild gess. I have been looking at couple of 2% cash back credit cards. The evergreen has a 25 dollar minimum before you can redeem but on other hand it has a 12 months intrest free on purchases. This is good when you have large expense you can put large charge on the card up front and get the 2% cash back and take 12 months to pay it off with intrest charge. The Paypal mastercard by synchrony has no intrest free period but has no minimum to redeem. The Citi bank double cashback pays 1% when you charge and 1%percent when you pay with 25 dollars minimum to redeem.

Re: Paypal cashback MasterCard

Remedios — Mon, 12 Apr 2021 17:37:59 GMT

@firefox100 wrote:

If you like us to give you an Idea what to expect when applying for the Paypal mastercard we will need your Fico scores and your income, just remember it is going to gess we are not synchrony it wild gess. I have been looking at couple of 2% cash back credit cards. The evergreen has a 25 dollar minimum before you can redeem but on other hand it has a 12 months intrest free on purchases. This is good when you have large expense you can put large charge on the card up front and get the 2% cash back and take 12 months to pay it off with intrest charge. The Paypal mastercard by synchrony has no intrest free period but has no minimum to redeem. The Citi bank double cashback pays 1% when you charge and 1%percent when you pay with 25 dollars minimum to redeem.

Paypal has interest free period, also known as grace period.

They do not have introductory 0% promotional apr.

Re: Paypal cashback MasterCard

staticvoidmain — Mon, 12 Apr 2021 17:43:44 GMT

Has potential for growth. After a couple of months, I got mine increased to 10K on instant CLI (online). Got past that (20K) through calling Credit Solutions. No HP for CLI. I think it's worth the HP based on the potential for growth alone (compared to other cards and lenders).

That said, it is a Synchrony card. If you have no issues with Synchrony, it is a solid 2% card. No minimum redemption, no FTF, no AF. (There are many other threads here that discuss this specific card.)

Re: Paypal cashback MasterCard

Brian_Earl_Spilner — Mon, 12 Apr 2021 17:49:20 GMT

It's my daily driver for non-category spend

Re: Paypal cashback MasterCard

JNA1 — Mon, 12 Apr 2021 19:47:46 GMT

This card was our non categorized, catch-all card until we got the AOD card. Mine grew from $6500 to $15000 in less than a year.

Re: Paypal cashback MasterCard

Deeyarht948 — Mon, 12 Apr 2021 20:13:39 GMT

My scores are in the 670 range on all three FICO 8 AAOA is around 2 years last paid in full derag about 2 years ago and the only one on report about 5 inquiries in the last 12 months what kind of limit should I expect? Thanks

Re: Paypal cashback MasterCard

FinStar — Mon, 12 Apr 2021 21:31:57 GMT

@Deeyarht948 wrote:
My scores are in the 670 range on all three FICO 8 AAOA is around 2 years last paid in full derag about 2 years ago and the only one on report about 5 inquiries in the last 12 months what kind of limit should I expect? Thanks

Unfortunately, there's no way to determine the type of SL you receive with the limited information provided. Spin the wheel and see.

Ranges are typically anywhere from $500-$10,000 with a variety of new PPMC accounts.

Re: Paypal cashback MasterCard

Deeyarht948 — Mon, 12 Apr 2021 22:22:02 GMT

Well I decided to apply anyway and was approved for a 1700 limit with 19.99 apr not bad

Re: Paypal cashback MasterCard

newfossil — Mon, 12 Apr 2021 22:25:59 GMT

@Deeyarht948 wrote:
Well I decided to apply anyway and was approved for a 1700 limit with 19.99 apr not bad

Congratulations!

Re: Paypal cashback MasterCard

FinStar — Mon, 12 Apr 2021 22:30:18 GMT

As the OP has indicated they've been approved, this thread is now closed to new messages.

OP - feel free to start a new thread in the Approvals forum if you wish to do so.