PayPal Credit is a built-in line of credit to your PayPal account. Along with American Expedition, PayPal Credit is available almost everywhere PayPal is accepted. You can even set it as your preferred payment method and speed through checkout faster.
When you go through checkout at American Expedition, choose PayPal Credit as your payment method. A new pop-up window will open, simply follow the directions. You'll be asked to provide your date of birth and Social Security number, and then agree to the terms and conditions. Within seconds, you'll be informed if you are approved. Since PayPal Credit is linked to your PayPal account, it will be available every time you check out with PayPal.
You have the option to make no payments for six months on all qualifying purchases. You will still receive monthly statements and can make payments at any time. If you pay in full before the promotion date is over, you will not be billed interest for the purchase. If you do not pay in full, interest will be calculated for the posting date, which is typically within a few days of the purchase date, and will be billed to your account.
You;ll receive monthly statements and can choose to pay in full or over time (interest charges may apply). Conveniently, when your PayPal Credit and regular PayPal account are linked, you can keep track of your purchases and make payments on PayPal.com. You can pay your balance from your bank account or PayPal balance.
Nope! There is no annual fee for PayPal Credit. Check out the Terms and Conditions.
Yes. After you've been approved, Comenity Capital Bank will open a PayPal Credit account with a line of at least $250.
As you continue to use PayPal Credit for purchases, if ythose purchases cause your outstanding balance to exceed your credit line, PayPal will evaluate you for a credit line increase. Your eligibility is determined by your credit history and customer history with PayPal Credit. This will happen automatically during checkout, so you don't have to ask.
The Annual Percentage Rate for standard purchases and cash advances on a PayPal Credit line is $19.99. Special offers may have a lower, promotional APR. The Minimum Interest Charge is $2.00. If you pay your entire balance by the payment due date or before the promotional period is expired, you will avoid interest charges. Learn about the interest rate.
When you apply for a PayPal Credit account, Comenity Capital Bank will review and evaluate your credit report and other credit related information before opening your account and establishing a credit line. This process typically occurs within a matter of seconds as part of your checkout process. If your purchase causes your outstanding balance to go above your credit line, we will review your credit history and PayPal Credit history to instantly determine whether to increase your credit line.
You will be charged a late fee for each month that the minimum payment is not paid by the due date. The first time you're late, the amount of the late fee will be the same amount as the missed payment, up to $27. If you're late again, the fee will be up to $38.
Yes! PayPal Credit provides "zero fraud liability" protection, the same protection provided by most major credit cards. You will not be responsible for unauthorized charges. Your identity is verified with top-of-mind information - date of birth and Social Security number - so there's no account number to be lost or stolen.
PayPal Credit is accepted at thousands of stores. If an online store accepts PayPal, it most likely accepts PayPal Credit.