I've been receiving invitation emails for some time to apply for the PayPal MasterCard. As soon as I seen the posted interest rates I was so disgusted I googled "PayPal credit card ripoff" and found this forum. I've been disgusted with PayPal & their exorbitant charges for years now. In fact I quit buying and selling on eBay because of these excessive charges. I possess several credit cards. The highest interest on any of these is 19% The lowest is 8% Not only is PayPal's interest rate plus 22%, but they also calculate the interest differently, resulting in extreme interest charges. PLEASE PLEASE people, do not apply for this card. The whole thing is designed to keep you in debt. Please read the fine print. If you're in need of a starter card go with capital one..or a Walmart master card. You've been warned my people.
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