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PayPal SCT?

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Contributor

PayPal SCT?

First time in forever using PayPal today (prior sole payment method was en expired debit card) 

Site asks if I'd like to use PayPal credit for six (6) months same as cash.

I agree. It has all my info and only asks for last four (4) of SSN. 

Approved for $6250. 

Questions:

Whats their CLI system?

Did I just do the SCT?

 

thanks

 

BK13 DC 12/15. 740 scores/18 inqs (about)
VentureOne 28K. Marvel MC 25K. PFCU: Promise 19K; PLOC 10K; Rewards 5K.
NFCU: Plat 15K; Flagship 15K; CLOC 10K
Barclays Aviator 12K; Jet Blue $500 (for the miles).
BOA 8K. Discover 10K/5K. 5/3 10K. PPC 7K
PPMC 10K. TD Ameritrade $1500
Message 1 of 13
12 REPLIES 12
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Valued Contributor

Re: PayPal SCT?

Congratulations on the credit line!

 

Their CLI system is either automatic (it seems to happen to some people twice a year) or more likely, by exceeding your credit line, whereby PayPal will review your account and possibly give you an automatic increase up to the amount spent. It creates some odd credit line numbers.

 

It's not a SCT, but it is a hidden trade line. The initital request is reported to Equifax (since it also considers you for the PayPal Mastercard), but the line does not report to any of the bureaus.

 

It's one of my favorite lines since it's hidden and any purchase over $99 triggers the 6 months no payments, no interest option.

There's gold in them thar spades!
Message 2 of 13
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Community Leader
Mega Contributor

Re: PayPal SCT?

Congrats, im not sure , this is confusing at times lol. Did you get approved by Synchrony or Comenity Bank. These are two completely different lines of credit. One is hidden, Comenity, one is not, Synchrony.

If you got the Comenity, that is a stellar limit. If the Synchrony, still a great limit. Please update the thread when you know for sure. We dont want everyone trying SCT for the Comenity if theyll actually be doing Sync and vise versa. Thanks
Message 3 of 13
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Established Contributor

Re: PayPal SCT?


@AverageJoesCredit wrote:
Congrats, im not sure , this is confusing at times lol. Did you get approved by Synchrony or Comenity Bank. These are two completely different lines of credit. One is hidden, Comenity, one is not, Synchrony.

If you got the Comenity, that is a stellar limit. If the Synchrony, still a great limit. Please update the thread when you know for sure. We dont want everyone trying SCT for the Comenity if theyll actually be doing Sync and vise versa. Thanks

I just did it for grins and giggles ... setup to buy something with PayPal, gives you an option to "apply for PayPal Credit" then opened a new page that, like the OP, had my information pre-entered, aside from my DOB and the last four of my SSN. It says at the bottom, "The lender for PayPal credit accounts is Comenity Capital Bank." 

 

I didn't apply for it ... I'm in the garden for now Smiley Happy 

Message 4 of 13
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Community Leader
Mega Contributor

Re: PayPal SCT?

Thanks jjking54. Id say very impressive indeed as its not that common to see 6k approvals off the bat. Joeluvshiscredit just got 6500 so its been good lately. I guess the higher your score when apping helps out alotSmiley Happy
Message 5 of 13
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Contributor

Re: PayPal SCT?

I recall seeing Comenity at the time and the word "cardless" so I don't think there's a MC w it.
And if it doesn't report I'd love to CLI ASAP.
Thanks
BK13 DC 12/15. 740 scores/18 inqs (about)
VentureOne 28K. Marvel MC 25K. PFCU: Promise 19K; PLOC 10K; Rewards 5K.
NFCU: Plat 15K; Flagship 15K; CLOC 10K
Barclays Aviator 12K; Jet Blue $500 (for the miles).
BOA 8K. Discover 10K/5K. 5/3 10K. PPC 7K
PPMC 10K. TD Ameritrade $1500
Message 6 of 13
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Regular Contributor

Re: PayPal SCT?

Grats on approval.  I applied without having anything in my cart and i got 700.00 when i was low 600's with Equifax.  I should have pull like 1000 in my cart and then applied but im just glad i got something.  I love this credit line and is my go to for car parts.

Message 7 of 13
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Community Leader
Mega Contributor

Re: PayPal SCT?

The thing is with Paypal Credit, the only way to possible push your cl is to spend past your credit limit and see if its approved. They do occasional cli auto but seeing as you have one of the higher limits ive seen, im not sure how long youll be at that limit. But for being hidden, i would think 6200 is plenty sufficientSmiley Wink, my ho anywaySmiley Wink
Message 8 of 13
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Regular Contributor

Re: PayPal SCT?

yeah 6200 for PPC is insane.  Thats an amazing SL

Message 9 of 13
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Valued Contributor

Re: PayPal SCT?

Congratulations!!

American Express Business Gold(NPSL 10k) Chase CSP (25k) Pier 1(23.5k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(4.1k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (1k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(4.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (500✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until Aug 2020

FICO 8 Scores EX 702 EQ 705 TU(1) 718
AAOA 4.6yrs TCL=300,700
Message 10 of 13
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