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PayPal Credit finally gives me CLI love

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LADave
Established Contributor

PayPal Credit finally gives me CLI love

I've had this account stuck at a $1200 CL since I opened it nearly a year ago, when I bought a used laptop on eBay and used it to get 2.99% financing. Since then I've carried a balance while attempting to get CLIs from time to time, only using it for 0% financing purchases (other than the laptop, which was paid off several months ago). But that ended last month, when I finally paid off my remaining balance.

 

I decided to be conservative and asked for a 50% CLI, or $600. I was instantly approved 😮 Kind of wish I had asked for more 😜

 

I might show my appreciation by making a purchase with the credit that gets paid off at the end of the month. Having said that, my only use for PayPal Credit is for their 0% financing over 6 months. The additional credit gives me confidence that I can use a good chunk of it without destroying my utilization. (I'm carrying balances on a Wells Fargo Active Cash and Discover It card that are currently in their 0% introductory period.)

 

I'm practically certain that PayPal would not have given me a CLI had I not paid off the balance. I'm a little leery about doing a lot more business with Synchrony (the company that services PayPal Credit) due to their history of closing accounts and reducing credit lines for reasons that seem arbitrary.

 

Other Data Points: Synchrony uses TU VantageScore 4.0 instead of FICO, and they're showing a VS4 score of 718. For comparison, Discover shows my TU FICO 8 score was 715 on May 10, but I believe it's gone down a few points since then after the Discover was added to my TU report, so it's perhaps around 705.

11 REPLIES 11
CreditMagic7
Mega Contributor

Re: PayPal Credit finally gives me CLI love

Congratulations on your PayPal Credit CLI!!

Message 2 of 12
collics
Established Contributor

Re: PayPal Credit finally gives me CLI love

Yay congratulations!

BK 7 Discharged May 2014. Removal Feb 2024! Let the countdown begin!!
Last App: Apr 2023
Newest to Oldest:


FICO8s Dec 2019

FICO8s Oct 31 2023
Message 3 of 12
CreditAggie
Community Leader
Super Contributor

Re: PayPal Credit finally gives me CLI love

Congratulations on your PayPal Credit CLI!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (February 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 4 of 12
Credit4Growth
Senior Contributor

Re: PayPal Credit finally gives me CLI love

😃 Nice win for you!
Congratulations on your CLI!
Message 5 of 12
babygirl1256
Senior Contributor

Re: PayPal Credit finally gives me CLI love

Congrats on your PayPal Credit CLI.

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 6 of 12
Yasselife
Valued Contributor

Re: PayPal Credit finally gives me CLI love

Felicidades!🤝






Message 7 of 12
NalekSok
Regular Contributor

Re: PayPal Credit finally gives me CLI love

Congratulations on your CLI! 🎉






Message 8 of 12
KingRue8500
Senior Contributor

Re: PayPal Credit finally gives me CLI love

Congrats on your PayPal Credit CLI




Message 9 of 12
gdale6
Moderator Emeritus

Re: PayPal Credit finally gives me CLI love

Grats on your Paypal move up!

Message 10 of 12
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