12 Questions to Ask Before Getting a PayPal Credit Card

Last Updated on April 10, 2022 by Anthony Ejefoh

A PayPal Credit Card is a credit card you can apply for and use through the PayPal website. With this card, you’ll be able to make purchases through PayPal and earn rewards points redeemed for cash back or other prizes. You can also use your PayPal Credit Card to make payments on your PayPal account or pay for purchased items through PayPal. But before you get a PayPal Credit Card, there are some important questions you should ask yourself first.

1. How much are PayPal’s credit cards?

Before we answer this question, it’s important to note that PayPal isn’t a credit card. It’s a line of credit. There are two parts to the PayPal payment system:

  • PayPal account
  • Credit offered through your account

2. How Do I Get a PayPal Credit Card?

Applying for PayPal Credit is simple. To apply, you need to follow these steps and meet the eligibility requirements:

  • Be 18 years of age or older
  • Have a government-issued photo ID and Social Security number
  • Have an active email address
  • Have a regular source of income (e.g., full-time job, disability benefits, etc.)

Remember that if you do not have a PayPal account, you will need to open one before applying for credit.

3. How do I use a PayPal credit card to pay for something?

You can use your PayPal credit card anywhere that accepts PayPal, anywhere that accepts Master Card, anywhere that accepts Visa, and anywhere that accepts American Express. You can also use it to purchase things online through the Internet (any website).

4. Is it Safe to Pay with a PayPal credit card?

PayPal is, in fact, as safe as any other major credit card. Check out their [Security Center]. PayPal accounts are protected by the same security measures and fraud prevention protocols significant banks and financial institutions use. In addition, running your purchases through PayPal is one of the safest ways to purchase online because none of your actual credit card information is being sent over the Internet (as opposed to directly entering your number at an e-commerce site).

5. Can a Merchant Refuse a PayPal credit card?

You should also know that even though this is a Mastercard, the merchant may still reject it. If they don’t accept other plastic payments from other card networks like Visa or American Express, this can happen. You may not be able to use your PayPal credit card at a gas station because gas pumps are connected to the Visa and Mastercard networks for authorizations (but not Discover). 

According to the US News and World Report, some merchants also have restrictions on how high of an authorization amount they’re willing to charge your PayPal credit card. In these cases, you can fall back on using funds in your PayPal account instead of using your Paypal credit card. If a merchant doesn’t accept it as payment, you may need to argue with them and tell them that it’s technically a Mastercard, but they still have the right to refuse any payment method.

If the merchant refuses your payment or otherwise violates their agreement with you (for example, overcharges, doesn’t deliver), file a complaint with PayPal’s Resolution Center within 180 days of purchase.

6. What interest rates and fees are associated with the PayPal Credit Card?

The PayPal Credit Card has an APR of 19.99%. There is no annual fee, late payment fee, or returned payment fee—however, a foreign transaction fee of 3% for purchases made outside of the United States.

7. How much credit will I be able to extend to my PayPal Credit Card?

PayPal will determine the credit limit for your PayPal Credit Card based on some factors, including your creditworthiness. You may be able to extend your credit limit by providing additional information to PayPal or by making regular, on-time payments. To learn more about extending your credit limit, please visit the PayPal Credit website.

8. What are the minimum payments required each month?

The minimum amount you can pay each month on a PayPal credit card is greater than $25 or 2.5% of your total balance. So, if you have a balance of $100, you would need to pay at least $2.50 each month. If you have a balance of $1,000, you would need to pay at least $25 each month. You can find your minimum payment amount on your monthly statement. If you have any questions, you can call PayPal Credit customer service at 1-888-221-1161. Thanks for choosing PayPal Credit!

9. What is the grace period for paying off my balance?

There is a 21-day grace period for payment; The PayPal Credit Card has a grace period of 21 days. This means that you will not be charged any interest on your balance if you pay it off in full within 21 days of the end of your billing cycle. However, if you do not pay off your balance in full within that time frame, you will be charged interest on the remaining balance.

10. What rewards and benefits are associated with the PayPal Credit Card?

The PayPal Credit Card offers a variety of rewards and benefits, including cash back on purchases, no annual fee, and a 0% introductory APR on purchases and balance transfers for the first 18 months. Cardholders also enjoy exclusive discounts from PayPal merchants and access to free credit monitoring and identity theft protection services.

11. What is my credit score?

This is an important question before getting any credit card, but it’s essential when considering a PayPal Credit Card. Your credit score will determine your interest rate and credit limit. If you have a good credit score, you’ll be able to get a lower interest rate and a higher credit limit. However, if your credit score is poor, you may be stuck with a high-interest rate and a low credit limit.