Help! Paypal Credit!

[BrianXing]

I have a question for Paypal credit, I have about a $2700 balance (Ive spent $2700; I have about $1300 left) and I pay my statement every month ranging from $30-$46. I was wondering if this could go higher, maybe to the hundreds, or would it tell me to pay a huge amount at once (I'm taling about the monthly statements). I seen how Paypal calculates them but its quite confusing. So my question is, would it jump up really high for a monthly statment? or would it always be around $30-$46. Thanks! Also, how do I request more credit?

[heretohelpPYPL1]

I am not quite clear if you are talking amount your monthly minimum payments? That seems to make the most sense from what you have described. Ideally yes, the more you use of your credit line, the higher the monthly payments. It would be based off your line of credit if it were to ever go over $100, I would not know the calculations though.

There is not way to request a credit line increase. You will just want to try making a payment over the limit. If we're good with it we will actually increase your limit. If not we would decline the sale. Otherwise yearly we assess your account and see if there is any more credit we can give to your account. I hope that helps!

[BrianXing]

Thanks alot, but for what I was saying is, yes, for the monthly payment for Paypal credit, would I ever have to pay $200+ for a month? Or there is really no way of determing that?

[Judith123]

To get your limit raised, make a purchase, charge it (or try) to PPC, and PP will "instantly" tell you whether they will raise your limit to cover the purchase.  If the purchase is declined, they will notify you (email and/or "snail mail") and let you know why. 

I don't know what the minimum payments might rise to.  Without studying the Agreement Info too carefully (with regard to the calculation of minimum payments), I would guess planning on 3% of your balance might be safe estimate.  If your balance, now, is $2700 and you are paying $27 - 46, you're paying between one and two percent.  If you have a higher balance, I would think PP would expect your to pay a little more than one or two percent.  Three percent (3%) seems about right -- and is mentioned in their Agreement Info ("Important Disclosures"), less promotional purchases not yet due... blah, blah, blah...  If I were wanting to make a purchase, and needed to estimate what my minimum payments might be, I think I would take 3% of the Total Balance (regardless of any promos not due) and think that'd be a "safe guess" (maybe, worst case scenario). 

Somewhere, I saw a question presented by PP, "Need more credit?"  Then, it said to just make a purchase and PP would accept or decline raising the credit line, almost instantly.... like I told you above.  

Sorry I can't be more precise in guessing at your minimum payments. 

Important Disclosures ("Terms & Conditions of the PayPal Credit Payment System"):   https://www.paypal.com/webapps/mpp/bmlterms