PayPal 2% vs Citi DC

[staticvoidmain]

 wrote:

Does anyone have a recommendation?

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I was in the same shoes as yours. It was an easy choice for me:

Paypal Cashback Mastercard.

Reason: No Foreign Transaction Fee, and more straighforward, faster redemption of cash back. Straight up "2%" which is money you can use to pay your balance vs Citi's 2%** (asterisk asterisk): "1 now, 1 later** (more asterisk: minimum redemption of $25)".

[Anonymous]

I got the PayPal 2% MC with a $6K SL at the end of June with 664 TU, so it's definitely doable. I don't know about the Citi DC since I doubt I'd be able to get it due to having IIB'ed a Citi mortgage and a Best Buy store card in my 2014 BK.

[imaximous]

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@staticvoidmain wrote:

 wrote:

Does anyone have a recommendation?

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I was in the same shoes as yours. It was an easy choice for me:

Paypal Cashback Mastercard.

Reason: No Foreign Transaction Fee, and more straighforward, faster redemption of cash back. Straight up "2%" which is money you can use to pay your balance vs Citi's 2%** (asterisk asterisk): "1 now, 1 later** (more asterisk: minimum redemption of $25)".

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ahh! No FTF is definitely a big plus I forgot to mention, and the redemption process is much better and faster with PP. Usually one business day to transfer to my bank account.

[Anonymous]

Put me down as another vote for PayPal 2%.

For all the reasons listed above, my PP2% as one of the three credit cards in my wallet (plus my PP biz debit)

[Miner]

One thing to consider is the PayPal card doesn't normally show up on your credit reports which can be a good or bad thing depending on your situation.  You can allow a large balance to remain on the card and it won't hurt your utilization, but conversely it also won't help your utilization as it's CL isn't added to your other accounts on your reports.

[Anonymous]

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@Miner wrote:

One thing to consider is the PayPal card doesn't normally show up on your credit reports which can be a good or bad thing depending on your situation.  You can allow a large balance to remain on the card and it won't hurt your utilization, but conversely it also won't help your utilization as it's CL isn't added to your other accounts on your reports.

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That's PayPal Credit (formerly Bill Me Later), which is more a line-of-credit thing than a credit card as such. The PayPal 2% Cashback Mastercard is a regular credit card which does report to all three CRA's.

[staticvoidmain]

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@Anonymous wrote:

That's PayPal Credit (formerly Bill Me Later), which is more a line-of-credit thing than a credit card as such. The PayPal 2% Cashback Mastercard is a regular credit card which does report to all three CRA's.

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 +1

My PayPal credit line appeared in my report even before I received the card. lol!

[staticvoidmain]

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@imaximous wrote:

ahh! No FTF is definitely a big plus I forgot to mention...

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 Exactly. FTF has become an outdated concept for me. I think I prefer 2% over -1% cashback.

[MrDFinance]

Citi doesn't like my file so that pushed me to the PayPal 2% but actually the PayPal 2% is a better card... No FTF and better cash back redemption options....Also a faster limit grower

Only downside to the PayPal 2% is the Product change options are basically non existent compared to what Citi offers...

[pinkandgrey]

I have no experience with the PayPal, but I can say the DC is great. Your SL may not be sky-high, however. When you checked the prequal, did it say a specific APR or a range? I have found that when it offers a single number, your chances are quite good.