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PayPal Credit Card Balance Transfer?
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LisaSmith
Posts: 2 Newbie
Hello, a family member of mine is in debt with PayPal credit (£14,000)
I am trying to find ways to support them and manage their credit payments. The PayPal APR is high and my question is, if they WERE to be eligible for a 0% balance transfer credit card, like most other credit cards, can you transfer the balance outstanding from PayPal credit to a new credit card?
I am interested in constructive advice and comments only.
Thanks, Lisa.
I am trying to find ways to support them and manage their credit payments. The PayPal APR is high and my question is, if they WERE to be eligible for a 0% balance transfer credit card, like most other credit cards, can you transfer the balance outstanding from PayPal credit to a new credit card?
I am interested in constructive advice and comments only.
Thanks, Lisa.
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Comments
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Hi, we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email forumteam@moneysavingexpert.com.
I’ve moved your thread from the ‘I wanna’ board to the ‘Credit Cards’ board, where it is better suited.
Regards
Nile10 Dec 2007 - Led Zeppelin - I was there. :j [/COLOR]:cool2: I wear my 50 (gold/red/white) blood donations pin badge with pride. [/SIZE][/COLOR]Give blood, save a life. [/B]0 -
Probably easier to get a 0% money transfer card, and use the money to pay PayPal Credit1
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If they have a Paypal Credit card then yes, if they dont have the long number then a money transfer card would be the way to reduce the interest.0
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Hi - if it is the Paypal Credit account, then no - you can't transfer the balance, or pay it off with a credit card.
If you get a Money Transfer card, then this will allow you to transfer funds to a bank account, and then use a debit card to reduce the balance of the Paypal credit account.1 -
The advice given before is you need a money transfer card which will deposit cash in your current account and then use that to pay paypal.
https://forums.moneysavingexpert.com/discussion/5618814/paypal-credit-balance-transfer
You can probably only do a balance transfer to one of their mastercards.
https://www.paypal.com/us/webapps/mpp/credit-line-and-card-services0 -
Good luck getting a £14K credit limit. Especially if they have a £14 Debt with paypal.Life in the slow lane0
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What did he spend 14 large on then? Can he not sell the items and pay some of the debt back?0
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