We may select a new interest rate index if the prime rate is not available. A change in the prime rate will take effect on the first day of the first billing cycle after the change. We apply any change in rates because of a prime rate change to your entire account balance. As a result, interest, your total minimum payment and the number of payments it would take you to pay off your account balance may increase. If the prime rate increases, the daily rates and APRs will increase. The prime rate for a billing cycle is the highest bank prime loan rate published in The Wall Street Journal in its Money Rates section on the last business day of the calendar month preceding the first day of the billing cycle. The APRs and the daily rates on your account vary with the market based on the prime rate. However, if we have disclosed a promotional rate at the time we made a promotional offer, we will calculate interest on balances subject to that promotional offer using the applicable promotional financing rate.ĭaily Rates May Vary. As of August 1, 2023, the daily rate for purchases and cash advances is 0.08011% (APR 29.24%).
#PHONE NUMBER FOR PAYPAL CREDIT CARD PLUS#
The APR for purchases and cash advances is the prime rate plus 20.74%. Interest will be imposed in amounts or at rates not in excess of those permitted by applicable law. The daily rate is the applicable APR times 1/365. How Interest is Calculated Your Interest Rate We use a daily rate to calculate the interest on the balance on your account each day. Offers may be subject to credit approval.
#PHONE NUMBER FOR PAYPAL CREDIT CARD FULL#
Please see any promotional advertising or other disclosures provided to you for the full terms of any promotional offer. These promotional offers may not be available at all times for all purchases. Below is a description of certain promotional financing that may be offered on purchases.
Regular account terms apply to non-promotional purchases and, after the promotion ends, to promotional purchases. We have the right to decline cash advance transactions for any reason permitted by applicable law, including if fraudulent or high-risk behavior is suspected.Īt times, we may offer promotional financing for certain transactions, and the terms of this Agreement apply to any promotional financing. for facilitating a Send Money transaction. The cost of the cash advance may include both the amount sent and any fee charged by and paid to PayPal, Inc. You may not use the cash advance feature to Send Money to yourself. Cash Advances Cash advances are extensions of credit made on the account when you use Send Money to transfer money to friends or family members (not to or from a business) without a purchase. Non-Promotional Transactions Standard Purchases Standard purchases are non-promotional purchases or are purchases that are not otherwise subject to promotional repayment terms and/or APRs, including but not limited to Send Money transactions made in connection with a purchase of goods or services. If we identify that you have an existing PayPal Credit account, your purchase will be charged to your existing account (subject to available credit line) and a new account will not be opened.The Lender may obtain credit reports and other information, including employment and income, about you to evaluate your application and for other purposes.You’re providing information to the Lender and PayPal, Inc., and you consent to the Lender providing information about you (even if this application is declined) to PayPal, Inc.To these Terms and Conditions, which include the Agreement and the Privacy Policy, which will govern your account, including a resolving a dispute with arbitration provision (which limits your rights unless (a) you reject the provision by following the provision's instructions or, (b) you are covered by the Military Lending Act Disclosure (included in the Agreement)).By applying for this account, you agree: Read More
PayPal Credit is an open-end (revolving) credit card account offered by Synchrony Bank (the “Lender”).
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