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.
Whats their CLI system?
Did I just do the 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.
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
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.