Paypal Credit - 0% interest free for 4 months to use again and again £150+ spend - HotUKDeals
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Paypal Credit - 0% interest free for 4 months to use again and again £150.00+ spend

£150.00 @ Paypal
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 spe… Read More
shabbird Avatar
5m, 2w agoFound 5 months, 2 weeks ago
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)
Deal Tags:
shabbird Avatar
5m, 2w agoFound 5 months, 2 weeks ago
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Top Comments

(5)
8 Likes
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.
7 Likes
Successfully received £800 credit. Dunno what to do with this though
5 Likes
-BA-
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.

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. :)
5 Likes
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. :)

Edited By: biddilybah on Dec 13, 2016 14:48
5 Likes
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) Jump to unreadPost a comment
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8 Likes #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.
2 Likes #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.
7 Likes #3
Successfully received £800 credit. Dunno what to do with this though
5 Likes #4
-BA-
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.

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. :)
5 Likes #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. :)

Edited By: biddilybah on Dec 13, 2016 14:48
#6
Batmobile543
Successfully received £800 credit. Dunno what to do with this though
Oh you will..
Trust me!!!
1 Like #7
anonimousse
biddilybah
anonimousse
biddilybah
anonimousse
inb4 the nepoticlikeslaphappy types start posting irrelevant jpg's - this is not a deal!!!
Gifs. Not jpg (_;)
message understood. over. some of you luddites should still be communicating via smoke signals - easier..
X)
Your last deal was over 2 years ago. At least the "luddites" with their gifs contribute regularly to the site and save people money. ;)
Oh that old HUKD chestnut about not posting deals - yeah! cool! whatever! You should stick to MISC - where your tired old donkey jokes still work! LMAO!
PS: You can enrol as many of your ilk to post jpgs - my bad it is png, no waiddaminnut it is wav, soz it is "gifs" - thems the rulez according to biddlyblahblah

I wasn't cracking any jokes. Hope your day goes better buddy. You're clearly having a very bad one. :)
2 Likes #8
CampGareth
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.


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
2 Likes #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.
2 Likes #10
This has been around for like a year now, how is this now a new deal?? X)
I use it all the time though, great if you want to buy something that's on offer a few days before payday.
1 Like #11
Thank you op, heat added :)
5 Likes #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).
1 Like #13
sradmad
Thank you op, heat added :)
Thanks sradmad 8)
2 Likes #14
Negative. 4 months run out very fast. There are so many credit cards like virgin, Sainsburys and tesco which allow interest free purchases for 24 months so why take a risk for 4 months when you can have flexibility of 24 months.
1 Like #15
biddilybah
Your last deal was over 2 years ago. At least the "luddites" with their gifs contribute regularly to the site and save people money. ;)

Ahh that old chestnut. You do realise it's a two-sided relationship, right? People only post deals if they're good and then they need other users to add heat.

So even if they don't post deals they may will be contributing.
1 Like #16
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?
1 Like #17
anonimousse
inb4 the nepoticlikeslaphappy types start posting irrelevant jpg's - this is not a deal!!!


Yes this is not a deal. Has been there for long time. Most big traders like Argos give 6 months credit for purchases. I love to buy things from abroad but not keen on getting credit from them. In America they offer PayPal credit card with very easy terms and long interest free payments but this side of the pond charge so high interest rate and only 4 months free Interest on purchases.
#18
Teezer
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?


The catch is the high interest rate when your 4 months run out. Why get 4 months when you can get 24 months free Interest with other lenders on the high street and low interest after 24 months.
1 Like #19
-BA-
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.


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.
#20
sam_of_london
anonimousse
inb4 the nepoticlikeslaphappy types start posting irrelevant jpg's - this is not a deal!!!

Yes this is not a deal. Has been there for long time. Most big traders like Argos give 6 months credit for purchases. I love to buy things from abroad but not keen on getting credit from them. In America they offer PayPal credit card with very easy terms and long interest free payments but this side of the pond charge so high interest rate and only 4 months free Interest on purchases.

Some retailers do offer longer on purchases. Box.co.uk offers 12 months interest free for example. This is £150 interest free for 4 months on all purchases, but you can find better offers depending on the retailer. :)

Edited By: biddilybah on Dec 13, 2016 16:08
1 Like #21
Why encourage others to get into debt for Christmas - really hate all these types of ads. When I want credit I will go to the internet and do a search for it. Its not a deal and not the cheapest credit card at all.
#22
Teezer
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?


The catch is only 4 months interest free and very high interest after that. You can easily get 24 months interest free purchases from other lenders on the high street and low interest rates after that. 4 months run out very fast after Christmas and they won't hesitate to use their high interest rates from day one.
1 Like #23
googley2
Why encourage others to get into debt for Christmas - really hate all these types of ads. When I want credit I will go to the internet and do a search for it. Its not a deal and not the cheapest credit card at all.

Surely people shouldn't be applying for credit if they can't be responsible with it?! :|
2 Likes #24
Teezer
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?

No catches... for four months ;)
Then someone comes knocking and says "Time to pay, pal"


Edited By: MBeeching on Dec 13, 2016 16:12
#25
biddilybah
sam_of_london
anonimousse
inb4 the nepoticlikeslaphappy types start posting irrelevant jpg's - this is not a deal!!!

Yes this is not a deal. Has been there for long time. Most big traders like Argos give 6 months credit for purchases. I love to buy things from abroad but not keen on getting credit from them. In America they offer PayPal credit card with very easy terms and long interest free payments but this side of the pond charge so high interest rate and only 4 months free Interest on purchases.

Some retailers do offer longer on purchases. Box.co.uk offers 12 months interest free for example. This is £150 interest free for 4 months on all purchases, but you can find better offers depending on the retailer. :)


Many retailers do not accept PayPal. What can you do about that? But all accept Visa and Mastercard credit cards.
#26
sam_of_london
biddilybah
sam_of_london
anonimousse
inb4 the nepoticlikeslaphappy types start posting irrelevant jpg's - this is not a deal!!!
Yes this is not a deal. Has been there for long time. Most big traders like Argos give 6 months credit for purchases. I love to buy things from abroad but not keen on getting credit from them. In America they offer PayPal credit card with very easy terms and long interest free payments but this side of the pond charge so high interest rate and only 4 months free Interest on purchases.
Some retailers do offer longer on purchases. Box.co.uk offers 12 months interest free for example. This is £150 interest free for 4 months on all purchases, but you can find better offers depending on the retailer. :)
Many retailers do not accept PayPal. What can you do about that? But all accept Visa and Mastercard credit cards.

I'm not suggesting this as the only means of credit. Not sure why you think I am. :|
2 Likes #27
Imagine your partner loses his job or is sick, money is so tight. The kids are looking forward to Christmas you want to make them happy - then you see this - most of this country is now run on credit including the government so how to blame Joe Blogs when its in your face all the time. Many people are now going bankrupt just to wipe out debts they will never afford to repay - not because they have not tired but because the interest on credit is so high, latest ad on TV had over 1,000% interest - I checked it 3 times, of course its in the small print and aimed at those really hard up at there was a very small limit (think £500).

Surely people shouldn't be applying for credit if they can't be responsible with it?! :|[/quote]
#28
googley2
Imagine your partner loses his job or is sick, money is so tight. The kids are looking forward to Christmas you want to make them happy - then you see this - most of this country is now run on credit including the government so how to blame Joe Blogs when its in your face all the time. Many people are now going bankrupt just to wipe out debts they will never afford to repay - not because they have not tired but because the interest on credit is so high, latest ad on TV had over 1,000% interest - I checked it 3 times, of course its in the small print and aimed at those really hard up at there was a very small limit (think £500)

I get what you're saying, but people shouldn't be racking up loads of debt they cannot afford to pay back for things like iPhones and TVs. They have a responsibility for their own actions too. Nobody points a gun to their head and tells them to do it. :)

Edited By: biddilybah on Dec 13, 2016 16:18
#29
NIgelK
-BA-
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.


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.


So why not get a credit card with 24 months interest free purchases which can be accepted every where on high street not just those foreign or big merchants who offer PayPal.
2 Likes #30
biddilybah
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. :)


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?
1 Like #31
Sounds quite good, better than most credit cards tbh, considering its 4 months for every purchase rather than in a set time limit, still havent checked out the paypal credit thing yet
1 Like #32
Can't believe Paypal is getting heat. You should really have a look at paypalsucks.com.

And seriously people applying for credit then asking what they can buy now?! It's. Not. Free. Money!
1 Like #33
Matty8787
biddilybah
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. :)
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?

Hmm... wonder if there is a setting to change it. Thanks for that heads up. :D
#34
Well I'm out straight away is carers don't make decent money so my credit ratings pants but good deal If you can afford it
4 Likes #35
sam_of_london
Teezer
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?


The catch is only 4 months interest free and very high interest after that. You can easily get 24 months interest free purchases from other lenders on the high street and low interest rates after that. 4 months run out very fast after Christmas and they won't hesitate to use their high interest rates from day one.


It's worth pointing out that this can be used for second hand eBay bargains - not many shops selling such things on the 'high street'. I've been using mine for a year or so, brilliant if used sensibly.
3 Likes #36
This sounds like Very BNPL, which I think is great but others moan about like crazy! Either way, good idea if you intend to clear the balance!!
2 Likes #37
sam_of_london
NIgelK
-BA-
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.


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.


So why not get a credit card with 24 months interest free purchases which can be accepted every where on high street not just those foreign or big merchants who offer PayPal.


Not everyone can get such good credit deals, you need to have a near perfect credit report. Many don't.
#38
eklynne
sam_of_london
NIgelK
-BA-
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.


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.


So why not get a credit card with 24 months interest free purchases which can be accepted every where on high street not just those foreign or big merchants who offer PayPal.


Not everyone can get such good credit deals, you need to have a near perfect credit report. Many don't.


What makes you think PayPal will give you credit without a good rating. That is why they do a credit check like everyone else. Their criteria is exactly the same. PayPal also charges £5 for printed statements while all credit card companies provide paper statements for free.
#39
ezzer72
sam_of_london
Teezer
Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?


The catch is only 4 months interest free and very high interest after that. You can easily get 24 months interest free purchases from other lenders on the high street and low interest rates after that. 4 months run out very fast after Christmas and they won't hesitate to use their high interest rates from day one.


It's worth pointing out that this can be used for second hand eBay bargains - not many shops selling such things on the 'high street'. I've been using mine for a year or so, brilliant if used sensibly.


Other credit cards can be used be same as well if linked to PayPal account. Ebay is very good for second hand items and PayPal very good for overseas purchases I agree but not for credit.
#40
Nice deal shabbird. Heat added.

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