PayPal Credit
PayPal Credit
in Personal Lines of Credit from PayPal Inc

PayPal Credit

in Personal Lines of Credit from PayPal Inc
SuperMoney Net Recommendation Score -20  


This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

6 users recommend
0 users are unsure
9 users don't recommend
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Community Rating Mostly not recommended
Loan Amount $250 - $10,000
APR  (Variable APR) 25.99%
Number of Reviews 15

PayPal Credit Review

PayPal Credit is offered by PayPal Inc, founded in 1999 and based in San Jose, CA. It is made possible by a bank partnership with Synchrony Bank. PayPal Credit is available in 50 states (and Washington, DC).

PayPal Credit FAQ

What APRs does PayPal Credit offer?

PayPal Credit offers a variable APR product of 25.99% APR.

Does PayPal Credit charge an origination fee?

No, they do not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does the PayPal Credit charge a cash advance fee?

No, they do not charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does the PayPal Credit charge a statement balance fee?

Yes, PayPal Credit can charge a statement balance fee of $0 up to 0 each billing cycle.

Does PayPal Credit charge a late fee?

Yes, they may charge borrowers a late payment fee of up to $38 , which is triggered if you're 25 days late.

How much can you borrow via PayPal Credit?

Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $250 and as much as $10,000. .

PayPal Credit Fees
Cash Advance Fee 26.24%
Origination Fee No
Prepayment Fee? No
Late Payment Fee $38
Statement Balance Fee $0

What do you need to qualify for PayPal Credit?

Applicants with a credit score of at least 600 and up to 850 may be eligible for PayPal Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

PayPal Credit does not have or does not disclose a minimum annual income eligibility requirement. PayPal Credit only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via PayPal Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by PayPal Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity

What is the estimated funding time for a personal line of credit?

PayPal Credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 1 business day.

Is PayPal Inc a legit company?

PayPal Inc was founded in 1999, it is a well-established company that has been in business for 23 years. PayPal Credit are mostly not recommended by SuperMoney community users.

How to apply for PayPal Credit

  • Visit the website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
PayPal Credit Disclosure: The issuer of the PayPal Credit account, Synchrony Bank, does not have a financial relationship with and has not endorsed this content. ** For New Accounts: Variable Purchase APR is 26.24%. The APRs are accurate as of 02/18/2019 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $2.00. Of course, you can choose to pay your entire balance by the payment due date each month to avoid interest charges. Learn more about the interest rate. You will be charged a late fee for each month that the minimum payment is not paid by the payment 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 late fee will be up to $38. However, the late fee will not exceed $5 if the minimum payment due is less than $27. Learn more about late fees. Paypal Credit is only available to US customers who are of legal age in their state of residence.
SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From PayPal Inc

Buy now, pay over time with PayPal Credit. PayPal Credit is a digital, reusable credit line that helps make it easier to fit purchases, big or small, into your budget every time you shop at your favorite online stores where PayPal is accepted.


  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0
Cash Advance Fee (%) 26.24%
Late Fee Amount $38
Late Fee Grace Period 25 days
Minimum Payment $2
No Origination Fee
No Prepayment Fee
Statement Balance Fee $0
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Social Security Number
APR (Variable APR) 25.99%
APR Type Variable APR
Loan Amount $250 - $10,000

PayPal Credit Community Reviews


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This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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