PayPal Credit is an open end (revolving), reusable line of credit that’s built into your account with PayPal. With PayPal Credit, you can enjoy the flexibility to pay over time for everyday purchases. It’s easy to apply, easy to use, and there whenever you need it. PayPal Credit is subject to credit approval and is offered by Synchrony Bank.
For New Accounts, the variable Purchase APR is 29.24%. The APR is accurate as of 9/1/2023 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum Interest charge is $2.00. See terms.
Once approved, purchases of $99+ qualify for the deferred interest No Interest if paid in full in 6 months offer. If you pay the balance on a deferred interest purchase in full within the applicable promotional period, we will not charge any interest for that purchase. If you do not pay the full balance within 6 months, you will be charged accrued interest at the New Account variable Purchase APR that applies to your account from the date of the purchase. Minimum monthly payments are required.
The offer is automatically applied any time users make a purchase of $99+ and pay with PayPal Credit. There are no extra steps to take. Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months. Minimum monthly payments are required and may or may not pay off the promotional purchase by the end of the 6 month period. See terms.
No, it is not an introductory offer. It’s an offer that’s available on every purchase of $99 or more. Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months. Minimum monthly payments required. See terms.
No! There is no annual fee to use PayPal Credit. See terms.
Upon approval, PayPal Credit customers will be assigned a credit line of at least $250 and no more than $12,000, based on creditworthiness. You can confirm your credit line details by logging in to your account.
Easy Payments is a promotional financing option with select merchants that may be subject to special, promotional repayment terms and/or APRs. It allows you to pay for your PayPal Credit purchases in substantially equal monthly payments (subject to credit approval).
When you apply for PayPal Credit, you’ll be asked to provide your date of birth, your income after taxes, the last 4 digits of your Social Security number, and agree to the Terms and Conditions. You’ll know within seconds if you are approved.
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. If approved, your PayPal Credit account is added to your PayPal Wallet, so you can make purchases and enjoy special financing without having to apply again.
You will need an account with PayPal to apply for PayPal Credit. Once you've signed up for PayPal, you can begin the application for PayPal Credit. Signing up for PayPal is free.
Synchrony Bank will review and consider your credit report and other information prior to opening your account and establishing your credit line. This process usually happens in a matter of seconds as part of the PayPal Credit application process.
PayPal Credit is linked to your account 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.
You can use PayPal Credit at millions of stores online where PayPal is accepted.
PayPal Credit gives you the power to buy what you need, when you need it, and pay over time.
Yes, PayPal Credit is a reusable credit line and can be used for purchases less than $99.
Yes! When you use PayPal to send money, select PayPal Credit as the payment method. You may need to change the payment method if PayPal Credit isn’t already set as your preferred payment method. When you use PayPal Credit to send money in US dollars (USD), you’ll be charged the same fee that’s charged when you use a debit or credit card to send money with PayPal. Learn more about our fees.
To manage your account, log in to PayPal and click PayPal Credit. You can also manage your account using the PayPal app on your smart phone or tablet.
We periodically review your PayPal Credit account, and providing your annual income after taxes will help determine if you are eligible for future credit line increases. If we don't have this information, we may not be able to increase your credit line.
You can request a credit line increase by calling the customer service number on your monthly statement. Approval of a transaction that makes you go over your credit limit is not treated as an increase to your credit limit. However, Synchrony Bank, the issuer of the PayPal Credit account, may, from time to time, increase your credit line, including after approval of such a transaction. Keeping your account profile and income information up to date may help you qualify for future credit line increases.
New PayPal Credit accounts are automatically linked to your PayPal account. If your account is not already linked, you can link your PayPal Credit account to an existing account with PayPal if you have one. Don't have an account with PayPal? Signing up for PayPal is free.
Linking your accounts means you’ll be able to use PayPal Credit at millions of online stores where PayPal is accepted. You can also easily manage both accounts—pay your bill, view recent activity, set payment reminders, and much more at PayPal.com.
If your account with PayPal is blocked or closed, you will not be able to go through the online linking process. Please call PayPal Customer Service at 1-888-221-1161.
At any time, you can choose to make a one-time payment or schedule automatic payments towards your balance due. You can pay from either your PayPal Balance Account or your linked bank account conveniently on PayPal.com.
You can also mail your payments to:
PO Box 71707
Philadelphia, PA 19176-1707
Or, you can call our customer service department at 1-844-373-4961 to make a payment.
Note: When mailing a payment, please make sure you include your PayPal Credit account number or payment stub.
Yes, you will be charged a late fee for each month the minimum payment is not paid by the payment due date. An explanation of the Late Payment Fee is provided in the current version of the PayPal Credit Terms and Conditions.
The Late Fee is equal to:
However, the Late Fee will never be more than the minimum payment that was due.
You will not be liable for unauthorized use on your account, but you will be responsible for all use by anyone you allow to use your account. If your account is used without your consent, call us immediately at 1-844-373-4961.
Payment Security is an optional purchase that can cover your minimum monthly payments or entire PayPal Credit balance up to $10,000 after certain qualifying life events. You may cancel at any time. Whether or not you purchase Payment Security will not affect your credit terms of any existing credit card agreement you have with us. See Payment Security Program Agreement for more details.
There are seven events covered by the optional Payment Security program:
You’re covered for most events right away, as long as they occur after your sign-up date. For a job loss or leave of absence, coverage starts 30 days after you sign up.
Payment Security costs $1.66 per $100 of your last statement balance. For example, if you had a $300 balance, you’d pay $4.98 for that month. The fee will automatically be billed to your PayPal Credit account statement.
Your purchase of this Program is optional. You may cancel at any time. If you cancel within 90 days of your enrollment Effective Date, you will receive a refund of any program fees you may have been charged.
To cancel, log in to your account with PayPal, and access the Payment Security site the same way you enrolled or call 1-866-323-3462.
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