An Inadvertent Credit Card

@maezee (41988)
United States
May 17, 2018 10:01am CST
I knew I did this by accidentally paging through Paypal too fast and suddenly have a "line of credit" with them. This happened a few months ago but since I hadnt used it or received anything in the mail, I had completely forgotten about it. Lo and behold today I received a letter that the line of credit is changing banks and my APR is 25.49% for purchases. Uh, what?! As someone with an "excellent" credit score and credit history, a 25% APR is both appalling and insulting. I am glad they sent the mail to me as a reminder for myself to cancel it! I want no part in that. Have you ever had a Paypal credit card or credit limit? Or ever signed up for one accidentally? Oops!
12 people like this
11 responses
Jessa Bumagat
@Jessabuma (31700)
• Baguio, Philippines
17 May 18
I have never had PayPal credit card..
1 person likes this
maezee
@maezee (41988)
• United States
17 May 18
I didnt even know they had them till just now!
1 person likes this
Jessa Bumagat
@Jessabuma (31700)
• Baguio, Philippines
17 May 18
@maezee Oh I see
Louise Crisologo
@mlgen1037 (29886)
• Manila, Philippines
17 May 18
None, Maezee. Always be careful with those things.
1 person likes this
maezee
@maezee (41988)
• United States
17 May 18
Right! I was in a rush lol.
1 person likes this
Louise Crisologo
@mlgen1037 (29886)
• Manila, Philippines
17 May 18
@maezee hahaha I noticed.
Joanie
@Freelanzer (10743)
• Canada
17 May 18
I have paypal accounts but never heard about a paypal credit card. Lucky they informed you before you started spending on the card.
maezee
@maezee (41988)
• United States
18 May 18
Its not a credit card per say since I have no card to show for it, but like a line of credit hooked up to my Paypal account if that makes sense.
1 person likes this
Joanie
@Freelanzer (10743)
• Canada
19 May 18
@maezee Yes it does.
Tanmoy Dutta
@earnmonwithtalk (65)
•
17 May 18
No
1 person likes this
Robin
@Daelii (5619)
• United States
17 May 18
Nope! I refuse credit cards! If I can't buy it outright, I do not need it! The only exception is holiday layaway! I don't mind spreading out payments without going into debt!
maezee
@maezee (41988)
• United States
18 May 18
Thats a great idea! I usually keep them on hand in case of emergencies but seldom use them.
Diana
@dya80dya (36774)
•
17 May 18
I don't have a Paypal credit. They are not available in my country.
maezee
@maezee (41988)
• United States
18 May 18
Sorry to hear that. Do yiu get paid from Mylot then?
maximax8
@maximax8 (31046)
• United Kingdom
12 Jun 18
That is a huge amount of interest so I hope you were able to cancel it. Most credit cards in England have around 18% interest. I have never had a Pay Pal credit card.
minx267
@minx267 (15527)
• Hartford, Connecticut
21 May 18
I have a Paypal debit card and I have PayPal Credit which is a line of credit thru Paypal... If you make a purchase over $200 they give you 6 months to pay it off with no fees or interest.. this worked a great quite a few times.. If that is what you got it is not a bad thing to have.. and from what I understand Cancelling credit cards out often hurts your credit score more than just having the card/credit line and not using it.
Gitara
@Gita17112016 (3611)
• Trinidad And Tobago
24 May 18
No. Some of these things I do not even understand.
DB
@dgobucks226 (35733)
•
20 May 18
I never have signed up for a credit card by mistake. I have to many already, many I never use, lol. And that % is crazy!!!!
Jim Bauer
@porwest (92592)
• United States
22 May 18
I have not. But with an interest rate like that, they can keep it. I don't use credit at all.