If you’re looking for a way to make online purchases with ease and flexibility, then the PayPal Credit Card might be right for you. With its low APR, no annual fee, and easy-to-use interface, it’s no wonder that the PayPal Credit Card has become increasingly popular among shoppers. In this blog post, we’ll provide an in-depth review of the PayPal Credit Card, including all its features and benefits as well as some drawbacks. We’ll look at how it stacks up against other credit cards in terms of rewards and fees to help you decide if it’s the best option for your needs.
What is PayPal Credit Card?
Assuming you are referring to the PayPal Credit Card and not a credit card that works with PayPal:
The PayPal Credit Card is a credit card that can be used anywhere MasterCard is accepted. It’s issued by GE Capital Retail Bank, and it has no annual fee. You can use it to earn rewards points that can be redeemed for cash back, gift cards, and merchandise.
Some of the benefits of the PayPal Credit Card include no annual fee, the ability to earn rewards points, and no foreign transaction fees. You can also get a 0% introductory APR on purchases and balance transfers for the first 18 months your account is open. After that, the APR will be variable, based on your creditworthiness.
If you’re a PayPal member, you can link your credit card to your PayPal account so you can easily pay for online purchases using your PayPal balance or credit line.
How to Get Started with PayPal Credit Card?
If you’re looking to use your PayPal account to finance your online purchases, you’ll need to apply for and be approved for a PayPal Credit Card. Here’s how to get started:
- Log in to your PayPal account and click on the “Credit Cards” link at the bottom of the page.
- Click on “Apply Now” under the PayPal Credit Card option.
- Fill out the required information and submit your application.
- Once you’re approved, you’ll need to activate your card by linking it to a funding source, such as a bank account or debit card.
- To make purchases with your PayPal Credit Card, just select it as your payment method at checkout and enter your desired credit limit.
Depending on the merchant, you may also have the option to pay over time with PayPal Credit, which will give you additional time to pay off your balance interest-free.
What are the Benefits and Features of PayPal Credit Card?
Assuming you are talking about the PayPal Cashback Mastercard:
The PayPal Cashback Mastercard offers cardholders 2% cash back on all eligible purchases, with no annual fee. There is also a sign-up bonus of $50 when you spend $500 within the first 3 months of account opening. In addition, cardholders can enjoy special financing offers and earn rewards points that can be redeemed for cash back, gift cards, and more.
How to Use PayPal Credit Card?
If you’re looking to use your PayPal Credit account like a regular credit card, there are a few things you need to know. First, you’ll need to make sure you have a PayPal account in good standing. Then, you can add your PayPal Credit account as a funding source to your PayPal account.
Once you’ve done that, you can use your PayPal Credit card anywhere that accepts PayPal. When you check out, just select PayPal as your payment method and enter your PayPal Credit card information. You’ll be able to see all the details of your purchase before you finalize it, so there’s no surprise billing later on.
And that’s really all there is to using PayPal Credit like a regular credit card! Just remember to keep an eye on your balance and make payments on time, and you’ll be well on your way to financial success.
Fees and Charges of PayPal Credit Card
When it comes to fees and charges, the PayPal Credit Card is very competitive. There is no annual fee, and the interest rate is a very reasonable 14.24% variable. Cash advances incur a fee of 3% of the amount advanced, with a minimum charge of $5.00. Foreign transactions incur a fee of 2.5% of the transaction amount. Late payments will incur a fee of up to $25.00, and returned payments will incur a fee of up to $35.00.
Alternatives to PayPal Credit Card
There are a few alternatives to the PayPal Credit Card. One option is to use a debit card that is linked to your PayPal account. This way, you can still use PayPal to make purchases, but you will not have the added interest charges that come with a credit card.
Another alternative is to use a regular credit card, such as one from Visa or Mastercard. You can then link this credit card to your PayPal account so that you can still make payments through PayPal. However, you will have to pay the interest charges that come with using a credit card.
If you are looking for a way to avoid interest charges altogether, you can set up a direct deposit into your PayPal account from your bank account. This way, you can make purchases through PayPal without accruing any interest charges.
After reviewing the PayPal Credit Card, it is clear that this card offers a great deal of flexibility and convenience for people who do a lot of online shopping. With no annual fee and generous cashback rewards, this card makes it easy to earn rewards while also providing added security when making purchases online or in person. The low APR rate is also an attractive feature which can help save you money on interest charges if you carry a balance from month to month. All things considered, we think the PayPal Credit Card is an excellent choice for those looking to take advantage of all its features.