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Should I get PayPal MasterCard or wait?

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Regular Contributor

Should I get PayPal MasterCard or wait?

My current cards are in my sig.  Should I get the PayPal MasterCard in December along with my Amazon Visa or should I wait until December of 2021 when I apply for US Bank, and PNC?  I am gardening in 2021 for those 2 cards so that's why there is such a big gap and I plan on getting the Walmart card in April as well which will have me at 1/12 by December 2021.  But I ask because I am still in the first year of my discover it Miles 3% period and it ends next September.  But I'm thinking if I get the PayPal MasterCard now I can just charge something on it every month and let it age until I'm done with the Miles and then use it at that point.  Also I may get a second discover it Miles when the cash back match period is done but that would be after I get the Cash+ and PNC Cash rewards.  

 

My thinking is when it is all said and done I will already have the PayPal MasterCard as my 2% flat rate cashback card as my future daily driver that will already have 1-2 years of age on it when I'm ready to seriously use it.  I know there is AOD and US Alliance out right now but the future of those 3% returns are yet to be determined.  

 

Just need others opinions about this.  Get the PayPal MasterCard now and let it age or just wait?







Revolving history: 1 year 3 months across the board
AAoA:
TU: 5yrs 10months
EX: 2yrs 2 months
EQ: ~5yrs 6 months

Inquiries: Ex: 2/12. EQ: 4/12 Tu: 1/12
As of 10-5-2020


Fingerhut $500
Quicksilver $600
Discover It Miles $9,500
Message 1 of 7
6 REPLIES 6
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Community Leader
Super Contributor

Re: Should I get PayPal MasterCard or wait?

It sounds like you're comfortable with your odds when applying for a Cash+ when 1/12, and if so a better move IMO would be to forget applying for the Walmart card altogether (low limits, minimal growth, not a slam-dunk to acquire) and apply for the PP Mastercard in April. 



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 2 of 7
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Regular Contributor

Re: Should I get PayPal MasterCard or wait?

Should I go at it with 0/12?  I thought being 1/12 was ok based on reading but what do you think?







Revolving history: 1 year 3 months across the board
AAoA:
TU: 5yrs 10months
EX: 2yrs 2 months
EQ: ~5yrs 6 months

Inquiries: Ex: 2/12. EQ: 4/12 Tu: 1/12
As of 10-5-2020


Fingerhut $500
Quicksilver $600
Discover It Miles $9,500
Message 3 of 7
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Community Leader
Super Contributor

Re: Should I get PayPal MasterCard or wait?

USBank has traditionally been inquiry-adverse and recent commentary has been that their current mindset is that even 1/12 is a YMMV senario.

 

You already have a card that will give you 3% cashback on unstructured spend through next September and then 1.5% thereafter so I wouldn't necessarily feel compelled to be in a hurry to pick up a 2% cashback card.  

 

 



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 4 of 7
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Community Leader
Mega Contributor

Re: Should I get PayPal MasterCard or wait?

Make USBank your priority now. PPMC will be there after and i agree, Wally card is not worth the hps anymore. 

Message 5 of 7
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Regular Contributor

Re: Should I get PayPal MasterCard or wait?

Ok thanks for the heads up!  I'm curious though, if I decide to get a new phone which will be a hard pull, would that negatively effect my chances even though it's not for a credit card?







Revolving history: 1 year 3 months across the board
AAoA:
TU: 5yrs 10months
EX: 2yrs 2 months
EQ: ~5yrs 6 months

Inquiries: Ex: 2/12. EQ: 4/12 Tu: 1/12
As of 10-5-2020


Fingerhut $500
Quicksilver $600
Discover It Miles $9,500
Message 6 of 7
Highlighted
Community Leader
Mega Contributor

Re: Should I get PayPal MasterCard or wait?


@Beast26 wrote:

Ok thanks for the heads up!  I'm curious though, if I decide to get a new phone which will be a hard pull, would that negatively effect my chances even though it's not for a credit card?


dont think so but if that hp lands on the Bureau US Bank pulls it might. You can always recon with them and explain it was for a phone. 

Message 7 of 7
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