Thought this might be useful as we have more expenses near Christmas time.
Spend £150 or more and you get 4 months interest free. Pay that off before you have to pay any interest. You can then spend £150+ on another item and you get 4 months interest free as well.
Representative Example
Purchase rate p.a. (variable)
17.9%
Representative (variable)
17.9% APR
Assumed Credit Limit
£1,200
* Any remaining balance due after the 4-month promotional period or any transactions under £150 will be charged at 17.9% p.a (variable)
Top comments
CampGareth
13 Dec 168#1
It's useful, but I signed up under the equivalent of Jo Doe rather than John Doe about a decade ago. I'm now having a terrible time getting paypal to process the name change of the account because they at some point assumed Jo was my legal name. Signing up to paypal credit makes them do a credit check against Jo Doe who doesn't really exist and I get denied.
Not strictly relevant but something that might affect others.
Batmobile543
13 Dec 167#3
Successfully received £800 credit. Dunno what to do with this though
biddilybah
13 Dec 165#5
Oh and be careful when checking out as it will automatically choose paypal credit on every paypal order no matter the price. Just a heads up for those who don't want to end up putting something on credit they don't want to. :smiley:
djc0367
13 Dec 165#12
I've found Paypal Credit useful for spreading the cost of Monarch flights as they don't have a surcharge on Paypal payments (whereas Monarch do charge extra for paying by Credit Card).
All comments (57)
CampGareth
13 Dec 168#1
It's useful, but I signed up under the equivalent of Jo Doe rather than John Doe about a decade ago. I'm now having a terrible time getting paypal to process the name change of the account because they at some point assumed Jo was my legal name. Signing up to paypal credit makes them do a credit check against Jo Doe who doesn't really exist and I get denied.
Not strictly relevant but something that might affect others.
Gollywood to CampGareth
13 Dec 162#8
Cousin went through this. Absolute nightmare to change to his real name. I think he just gave up in the end & lost whatever balance he had in his account
-BA-
13 Dec 162#2
I would assume it's a credit check each time you add a fresh balance? So, yes again and again is feasible but it will hit your credit rating each time.
biddilybah to -BA-
13 Dec 165#4
They give you a balance depending on your credit rating. You don't keep applying. I have £4000 available to myself on mine. When you buy something, it deducts from that amount and then adds back on as you make payments. It works just like a credit card without the physical card. :smiley:
NIgelK to -BA-
13 Dec 161#19
It's revolving credit, you get a credit limit and any balance is taken from it. There's no credit search everytime you use it. Much like a credit card.
Batmobile543
13 Dec 167#3
Successfully received £800 credit. Dunno what to do with this though
karene28 to Batmobile543
13 Dec 16#6
Oh you will..
Trust me!!!
John.Mason to Batmobile543
7 Feb 17#57
You could buy me something nice with it.
biddilybah
13 Dec 165#5
Oh and be careful when checking out as it will automatically choose paypal credit on every paypal order no matter the price. Just a heads up for those who don't want to end up putting something on credit they don't want to. :smiley:
Matty8787 to biddilybah
13 Dec 162#30
I see this get mentioned but I took the S7 edge last year on PayPal credit and it has never once defaulted to the credit option when going to pay elsewhere. I must be lucky eh?
biddilybah
13 Dec 161#7
I wasn't cracking any jokes. Hope your day goes better buddy. You're clearly having a very bad one. :smiley:
eklynne
13 Dec 162#9
I signed up and got £2800 credit right away! Used it to pay for a holiday to Copenhagen at Christmas and I have until end of March to pay interest free. Fantastic.
JamesClark1991
13 Dec 162#10
This has been around for like a year now, how is this now a new deal?? :laughing:
I use it all the time though, great if you want to buy something that's on offer a few days before payday.
Opening post
Spend £150 or more and you get 4 months interest free. Pay that off before you have to pay any interest. You can then spend £150+ on another item and you get 4 months interest free as well.
Representative Example
Purchase rate p.a. (variable)
17.9%
Representative (variable)
17.9% APR
Assumed Credit Limit
£1,200
* Any remaining balance due after the 4-month promotional period or any transactions under £150 will be charged at 17.9% p.a (variable)
Top comments
Not strictly relevant but something that might affect others.
All comments (57)
Not strictly relevant but something that might affect others.
Trust me!!!
I use it all the time though, great if you want to buy something that's on offer a few days before payday.