Can I use PayPal credit to pay a credit card?

You cannot pay a credit card with PayPal directly, but you can transfer money from your PayPal balance to your bank account and then make a credit card payment with that money.

Is PayPal credit a loan or credit card?

Since 2016, the payments provider has allowed shoppers to borrow from it to make purchases, allowing PayPal to function as an online-only credit card. Like a credit card, if you pay your balance within a set period, you don’t get charged interest. We run through PayPal Credit’s pros and cons, and its alternatives.

Is PayPal Credit a hard inquiry?

Yes, even if you are approved for PayPal Credit, you will be going through a full hard check. The more loan products you apply for, the more “footprints” this leaves on your report and the more your score may decrease.

What credit score do you need for a PayPal Credit card?

700
The minimum PayPal Credit Card credit score required is 700, which is good credit. As long as you have at least good credit, you should qualify for the PayPal Credit Card. If you use PayPal and eBay a lot, or like to eat at restaurants, it’s worth the hard inquiry.

What credit do you need for PayPal Credit?

about 700
PayPal credit requires a minimum credit score of about 700 for approval. If your application was denied, it’s probably because your score is below 700. Credit Glory can help you boost your score, increasing your chances of getting approved.

What is the minimum credit score for PayPal Credit?

What happens if PayPal Credit is denied?

If you applied during check out and got declined for PayPal Credit, you can still use PayPal to check out securely using your debit or credit card. If you wish you may re-apply 35 days after your last application.

Is PayPal Credit hard inquiry?

Does PayPal Credit Complete A Hard Pull (Or Hard Inquiry) When You Apply? Yes, applying for a PayPal credit card gives the bank permission to check your credit. This is done as a hard inquiry that impacts your credit score.

Can you get approved for PayPal Credit with bad credit?

Can You Qualify For PayPal Credit With A Bad Credit Score? No, you can’t. You need a credit score between 650 and 700 to get approved.

Is PayPal Credit hard to get approved?

Although there is no annual fee, you will need to be approved when you apply – and that’s where your credit score will take a hit. Unlike comparison websites that do “soft checks”, PayPal does a full “hard check”, which leaves a footprint on your credit report.

Can I pay someone through PayPal with a credit card?

You cannot pay your PayPal Credit account using a credit card or a debit card. Accepted payment types include using your PayPal balance, using your bank account, or paying via a check or money order. You also have a few options when it comes to ways to pay your bill. You can pay online through the PayPal website or PayPal mobile app.

Does PayPal charge your credit card?

However, if you send money through PayPal that you’re drawing from a debit or credit card, then PayPal charges 2.9 percent of the amount you send. PayPal also charges an additional 30 cents for each transfer from debit or credit cards.

How does PayPal accept credit card payments?

Select “Debit/Credit Card” from the options, and then enter your prepaid credit card information. PayPal will only accept prepaid credit cards with a Visa, MasterCard, Discover or American Express logo.

How do I get a PayPal credit card?

You can get a PayPal credit card by applying for one online, but you need at least good credit to qualify for approval. There are actually two different PayPal credit cards, one that rewards you with points and one that gives cash back.