I was on the paypal site and was looking into & reading about paypal credit. PayPal describes it as a "revolving credit card" account and not a revolving LOC. I'm a little confused. I already have the PayPal cashback world Mastercard but is PayPal credit revolving LOC or do they actually issue a card for that as well? I would like to take advantage of the financing options but was also wondering about others experience with using PayPal credit and also what the likelyhood is of getting approved after only having the cashback card for 3 months? Should I just let the sleeping bear rest for fear of account closure? Thanks in advance all replys are appreciated.
I have PP Credit. In fact I was warned to use it 4 months ago. So I did. Use it. Theres no card. All online in your portal.
Get No Interest if paid in full in 6 months on purchases of $99.00+.
It's an okay product, but probably more usable in conjunction with the paypal digital wallet.
The 0% ongoing deal is pretty nice but rewards cards are my primary spending vehicle so PP credit despite the specials, deals and store is 99% of the time dismissed as my payment source. If one day they coupled it with a virtual or physical card I'd surly use it more.
@DONZI Is it available to use in Google Pay wallet for "tap and pay" inside stores and gas pumps? Or is it a virtual line of credit (online purchases only)?
I've seen a few retails that have offered PPC as an option... never tried it. Basically I use it as a safe way to pay online. Not giving the merchant any access to my sensitive account information. It reports like a credit card, or line of credit. Revolving, with utilization percentages displayed as normal. I've come to love it actually. I even used it for an Alibaba trade assurance order for around $5000 once for some Ebikes I bought from China about 18 months ago. REALLY cool product for the right type of purchases.
@butterpecan wrote:@DONZI Is it available to use in Google Pay wallet for "tap and pay" inside stores and gas pumps? Or is it a virtual line of credit (online purchases only)?
I am unsure, I don't use smartphone based digital wallets.
I suppose it's possible that it could be added to samsung, google, etc. pay, and assume that the paypal digital wallet for smartphones would offer paypal credit as a payment source.
I've seen indication of paypal acceptance at retail stores and assume that is related to the phone wallet. As @805orbust mentioned, paypal credit is/was designed as an online payment source and did get propagated somewhat to online stores as a payment option.. I've not noticed any brick and mortar locations accepting paypal credit, but mostly since I don't pay any attention to non-card payment options.
@DONZI wrote:
@butterpecan wrote:@DONZI Is it available to use in Google Pay wallet for "tap and pay" inside stores and gas pumps? Or is it a virtual line of credit (online purchases only)?
I am unsure, I don't use smartphone based digital wallets.
I suppose it's possible that it could be added to samsung, google, etc. pay, and assume that the paypal digital wallet for smartphones would offer paypal credit as a payment source.
I've seen indication of paypal acceptance at retail stores and assume that is related to the phone wallet. As @805orbust mentioned, paypal credit is/was designed as an online payment source and did get propagated somewhat to online stores as a payment option.. I've not noticed any brick and mortar locations accepting paypal credit, but mostly since I don't pay any attention to non-card payment options.
@DONZI I appreciate the DP and I find it useful learning about these credit cards or lines of credit here. In fact i have learned things about my daily driver bank that I never knew and ive been with them for 10 years. I really like PayPal as well so I imagine the LOC tied to them is also very convenient.
@butterpecan wrote:@DONZI Is it available to use in Google Pay wallet for "tap and pay" inside stores and gas pumps? Or is it a virtual line of credit (online purchases only)?
I know you can add your paypal account (seperate from the PPMC) to google wallet, I wonder if you have PPC set as the primary funding source, if it will just pull from that when you use it
no idea if it works like that, but worth a shot
