PayPal Cards and Credit Products | Credit Services (2024)

FAQs

What credit score is needed for PayPal Credit? ›

PayPal Credit Requirements

However, applicants should have a credit score of around 700. If a user already has a PayPal account, they may be eligible for PayPal Credit prequalification.

Here are some common things to check:

Is the phone number the same one we have on your PayPal account? Does the email address you entered match the email address we use to communicate with you? Did you enter the correct billing address at checkout? Is your billing address different than your shipping address?

PayPal Credit is an open end (revolving), reusable line of credit that, if approved, will automatically be added to your PayPal account. With PayPal Credit, you can enjoy the flexibility to pay over time for everyday purchases.

The PayPal Cashback Mastercard® requires at least fair credit (a credit score of 640+) for approval. If you'd like to know where you stand, you can check your credit score for free, right here on WalletHub. This answer was last updated on 06/12/24 and it was first published on 06/04/20.

The Discover it^® Secured Credit Card is our top pick for easiest credit card to get because it's geared toward those with limited / poor credit. It offers great rewards and charges a $0 annual fee.

See Terms and Conditions for more info. If approved, we start you off with a minimum credit line of at least $250. If you miss a payment your late fee could be up to $41, even less if it's your first time.

When you apply, PayPal Credit completes an initial credit check that does not impact your credit score if declined. An approved PayPal Credit application will result in a hard credit inquiry, which may impact your credit score.

Here are the most common reasons: Your card details are outdated. Make sure the card isn't expired or closed, and the billing address on your PayPal account matches the one on your card statement. The payment might exceed your available credit.

PayPal Credit, PayPal's virtual, low-limit, revolving line of credit program, has a starting limit of $250, but it can be theoretically increased over time to $20,000 via limit increase requests.

Is PayPal Credit a digital credit card? PayPal Credit is a reusable credit line that is a digital credit card. It is linked to your digital wallet with PayPal, so you can use it every time you shop with PayPal. At checkout, simply select PayPal Credit as your payment method, and complete your purchase.

Can you borrow money from PayPal? ›

The PayPal Working Capital business loan is primarily based on your PayPal account history. Apply for $1,000 to $200,000 (and up to $300,000 for repeat borrowers) with no credit check.

PayPal Credit

First, PayPal will pull a hard credit search to see if you qualify. This will cause your credit score to drop slightly, but if your application is accepted, your credit score will recover within about six months. Once you're approved, PayPal Credit will impact your credit score like any other credit card.

Does PayPal check credit? PayPal will conduct a soft credit pull when you apply for PayPal Pay Later. This doesn't affect your credit score, and there is no minimum credit score requirement to use PayPal Pay Later.

The only way to apply for the PayPal Cashback Mastercard® is online, and you can get to the online application by going directly to PayPal's website. Keep in mind that the PayPal Cashback Mastercard® requires fair credit, which means you need a 640+ credit score for high approval odds.

Your PayPal Debit Card will arrive in the mail 7-10 days after you request it. We'll send the card to the address you entered and confirmed in your application. It'll arrive in a PayPal-branded envelope. If you haven't received your card after 10 days, please cancel it and request a new one.

Upon approval, PayPal Credit customers will be assigned a credit line of at least $250, based on credit worthiness. You can confirm your credit line details by logging in to your account.

PayPal Credit is only available on personal accounts. Subject to credit approval.

PayPal has more than 430 million active accounts worldwide. Since these shoppers already have an account with PayPal, the approval process is frictionless. New customers may require a soft credit check for Pay in 4 or Pay Monthly, a process that usually takes only a few seconds.

Loan limits vary by merchant and will depend on your credit record and payment history with Affirm. The lender has no minimum credit score to qualify for a loan, and checking whether you prequalify will not damage your credit score.