Paypal Mastercard Denies Credit Limit Increase - Puzzled

[Anonymous]

FICO 8s: EXP-749, TU-754, EQ-753.

We've had a Paypal MC for about 6 months now. Wanted to do a CLI to keep the utilization <10%.

Checking around the interwebs, and Reddit forums of credit & creditcards, the common answer seemed to be as early as 2-3+ months, to ask for an increase on this particluar PP/Synchrony MC. A bit surprising to hear, but ok. Ours is slightly over 6 months, so all the better.

Called Paypal to ask for a $4,000 limit to go to $8,000.

Asked income. Gave income -- along with the explanation of wanting to keep <10% utilization in check. eBay shipping is increasing, and we use the PP card as the shipping payment source.

Promptly denied, and told we'd have to wait for the mail to show up, to find out why.

The income is there.

The credit scores are good enough, and no new cards/lines of credit have been applied for in 6 months.

Anyone have a clue?

[Brian_Earl_Spilner]

They use VantageScore 4.0, which is sensitive to new accounts. Might explain why. What's the score they give you.

[Anonymous]

---

@Anonymous wrote:

Asked income. Gave income -- along with the explanation of wanting to keep <10% utilization in check. eBay shipping is increasing, and we use the PP card as the shipping payment source.

---

Almost certainly not the reason (or sole) reason for denial, but this "explanation" does nothing for the issuer.    You are basically saying "Give me an increase, thus committing some of your extra reserves that you then cannot give to other people, and, as we won't be using it much, no extra swipe fees for you!"

Util benefits only you, from a score perspective.  The issuer doesn't care about that, especially if there is chance you are asking for util to increase the score to hide some more risky stuff.....

[Jnbmom]

---

@Anonymous wrote:

FICO 8s: EXP-749, TU-754, EQ-753.

We've had a Paypal MC for about 6 months now. Wanted to do a CLI to keep the utilization <10%.

Checking around the interwebs, and Reddit forums of credit & creditcards, the common answer seemed to be as early as 2-3+ months, to ask for an increase on this particluar PP/Synchrony MC. A bit surprising to hear, but ok. Ours is slightly over 6 months, so all the better.

Called Paypal to ask for a $4,000 limit to go to $8,000.

Asked income. Gave income -- along with the explanation of wanting to keep <10% utilization in check. eBay shipping is increasing, and we use the PP card as the shipping payment source.

Promptly denied, and told we'd have to wait for the mail to show up, to find out why.

The income is there.

The credit scores are good enough, and no new cards/lines of credit have been applied for in 6 months.

Anyone have a clue?

---

2-3 months is NOT the normal for their credit cards in general, especially the MCs. Most get lucky at 6 months, but I think synch may be tightening up a bit these days..........................

[Anonymous]

Vantage 3 is either 739 or 722. Shows a 17 point drop today.

Don't know Vantage 4.

[Anonymous]

---

---

You are basically saying "Give me an increase, thus committing some of your extra reserves that you then cannot give to other people, and, as we won't be using it much, no extra swipe fees for you!

---

Interesting 180 point of view.

Hadn't considered it.

I will be now.

[Brian_Earl_Spilner]

---

@Anonymous wrote:

Vantage 3 is either 739 or 722. Shows a 17 point drop today.

Don't know Vantage 4.

---

Paypal gives you the score if you opt in on their main website.

[Anonymous]

Forgot about that.

Just looked --- VantageScore 4.0 = 765.

Now even more puzzled...

[Anonymous]

I managed to get a $3000 credit line increase after my 6th statement cut but I requested mine online. I do have a lot of cards with Synch though so I don't know if that makes a difference. My Vantage 4.0 score is around 735.

[BessTruman]

---

@Anonymous wrote:

FICO 8s: EXP-749, TU-754, EQ-753.

We've had a Paypal MC for about 6 months now. Wanted to do a CLI to keep the utilization <10%.

Checking around the interwebs, and Reddit forums of credit & creditcards, the common answer seemed to be as early as 2-3+ months, to ask for an increase on this particluar PP/Synchrony MC. A bit surprising to hear, but ok. Ours is slightly over 6 months, so all the better.

Called Paypal to ask for a $4,000 limit to go to $8,000.

Asked income. Gave income -- along with the explanation of wanting to keep <10% utilization in check. eBay shipping is increasing, and we use the PP card as the shipping payment source.

Promptly denied, and told we'd have to wait for the mail to show up, to find out why.

The income is there.

The credit scores are good enough, and no new cards/lines of credit have been applied for in 6 months.

Anyone have a clue?

---

I could never get an increase from them.   I cancelled the card.   They gave me a $300 CL .  I have credit lines as high as $12000.  I just didn't bother.   Moved on to 2 Pen Fed and NFCU this week.  They gave me combined credit lines of $6000.   Credit scores are around 700 across the board.