cancel
Showing results for 
Search instead for 
Did you mean: 

What to Do With Paypal Smart Connect?

tag
chalupaman
Super Contributor

What to Do With Paypal Smart Connect?

How long can I have that line of credit and not use it until GE gets tempted to close it. I have it set it up right now where all I'm basically gonna do is have my recurring Netflix costs get charged to that and maybe my Hulu account but am really thinking about just using my Wells Fargo or Discover It card to handle those expenses instead so it's easier to keep track of. If I wanted to do that instead, what else might the PP SC account be useful for?

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 1 of 6
5 REPLIES 5
mtrsprt
Frequent Contributor

Re: What to Do With Paypal Smart Connect?

I actually love my Paypal SC account.  I use it daily.  Works for many online retailers now also.  Great for Ebay!  My account started @ 400.00 limit 1 year ago, and it's now at $2400.00


Starting Score: 521 TU, 597 EQ, 574 EX on 6/20/2011
Current Score: 753 TU, 764 EQ, 766 EX on 02/17/2014
Goal Score: 720-740 Across the board


Take the FICO Fitness Challenge
Message 2 of 6
chalupaman
Super Contributor

Re: What to Do With Paypal Smart Connect?


@mtrsprt wrote:

@I actually love my Paypal SC account.  I use it daily.  Works for many online retailers now also.  Great for Ebay!  My account started @ 400.00 limit 1 year ago, and it's now at $2400.00


How frequent were the CLI increases? I'm really hoping that eventually one of my GE accounts will do an auto sometime later this year.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 3 of 6
mtrsprt
Frequent Contributor

Re: What to Do With Paypal Smart Connect?

About every 3 to 4 months @ 400.00 a whack.


Starting Score: 521 TU, 597 EQ, 574 EX on 6/20/2011
Current Score: 753 TU, 764 EQ, 766 EX on 02/17/2014
Goal Score: 720-740 Across the board


Take the FICO Fitness Challenge
Message 4 of 6
takeshi74
Senior Contributor

Re: What to Do With Paypal Smart Connect?


@chalupaman wrote:

If I wanted to do that instead, what else might the PP SC account be useful for?


Too many possibilities to list.  It would be more productive for you to see if the businesses that you pay accept Paypal and if you can use SmartConnect to pay them.

Message 5 of 6
IWOL
Established Contributor

Re: What to Do With Paypal Smart Connect?

If you have a Paypal debit card linked to the paypal account with the smart connect, you can use the smart connect as back up finding for he debit.

 

this essentially turns the debit card into a credit card. So, if you have 0 funds in your paypal account and you mKe a charge on the debit card it will fund the transaction from smart connect.

 

i use my smart connect all the time this way. ig you use he debit card for sign transactions ylu also get 1% cash back.

 

 


Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.