Paypal Visa Card

Okay, so is this a good thing to get?

I want it so that I can use it to make purchases on BlackFriday, and then use the rebates to pay it off without going over the funds that are currently in my account.

I don't know squat about credit cards. I could definately use a credit card for Black Friday tho (the day after thanksgiving)...

Here are the specs for the card

[quote592daa1f5f]PayPal Visa® Platinum Card
[b592daa1f5f]Annual percentage rate (APR) for purchases[/b592daa1f5f] 0% for the first 6 monthly billing periods that your account is open ("Introductory Period"). After that, 9.99% to 23.99%li
[b592daa1f5f]Other APRs[/b592daa1f5f] Balance Transfer APR 0% during the Introductory Period; after that, 9.99% to 23.99%li
Cash Advance APR 23.99%li
Default APR Up to the Prime Ratelili plus 23.24% or up to 29.99%, whichever is greater, and may vary (see explanation belowlilili)
[b592daa1f5f]Variable rate information[/b592daa1f5f] Your APRs may vary.
Purchase APR Prime Rate plus 3.24%-17.24%, but not lower than the non Introductory APR for Purchases when your account is openedli
Balance Transfer APR Prime Rate plus 3.24%-17.24%, but not lower than the non-Introductory APR for Balance Transfers when your account is openedli
Cash Advance APR Prime Rate plus 17.24%, but not lower than the APR for Cash Advances when your account is openedli
[b592daa1f5f]Grace period for purchases[/b592daa1f5f] At least 25 days if the New Balance is paid in full by the Payment Due Date.
[b592daa1f5f]Balance calculation method[/b592daa1f5f] Two-Cycle Average Daily Balance(including new purchases)
[b592daa1f5f]Annual fee[/b592daa1f5f] $0
[b592daa1f5f]Minimum finance charge[/b592daa1f5f] $1
Transaction fee for purchases For purchases made outside the U.S. and its territories 1% of each purchase
[b592daa1f5f]Cash advance fee [/b592daa1f5f] 3% of the advance ($10 minimum)§

[b592daa1f5f]Balance transfer fee[/b592daa1f5f] 3% of each balance transfer ($5 min / $75 max per transfer). Waived for balances transferred now.


[b592daa1f5f]Late fee[/b592daa1f5f] $19 if balance is less than $200
$39 if balance is $200 or greater


[b592daa1f5f]Overlimit fee[/b592daa1f5f] $35 if you exceed your credit line at any time during a billing cycle

[b592daa1f5f]We may change the APRs, fees, and other terms of your account at any time in accordance with applicable law and the Account Agreement, which we will send you when your account is opened. Factors we may consider in determining whether and how to change your terms include the frequency and the severity of defaults and other indications of risk on accounts with Washington Mutual (including Providian credit card accounts) and other creditors.[/b592daa1f5f]

li Your APRs for Purchases, Balance Transfers and Cash Advances (and the margins added to the Prime Rate to determine these APRs) will depend on Washington Mutual's evaluation of your application and credit history. The APR for Balance Transfers above applies to Balances transferred in connection with this application. Depending on your credit profile with us and other lenders, you may qualify for additional balance transfer offers with us in the future. The terms of any future offer will be disclosed to you when the offer is made.

lili The Prime Rate used to determine your APRs is the highest Prime Rate published in The Wall Street Journal on the first business day following the 22nd day of the previous calendar month. Variable rates are current as of November 2005.

lililiDefault APR Each time you default on this or any Washington Mutual (including Providian) credit card account because you fail to make at least the minimum payment when due, exceed your credit line, make a payment to us that is not honored by your bank, or are reported as delinquent on an account with any other creditor, we may increase the APRs on your account up to a maximum of the Default APR. Factors considered in determining the Default APR include the frequency and severity of account defaults and other indications of account usage and risk on accounts with Washington Mutual (including Providian credit card accounts) and/or other credit accounts.

§ Purchase of Cash Equivalents Charges for the purchases of cash equivalents such as money orders, traveler´s checks, foreign currency, lottery tickets, casino gaming chips, and the like are treated as Cash Advances and are subject to the Cash Advance fee described above.

Cash Line The amount available for cash advances will be 20% of your total credit line and will be shown on your statement.

How payments are applied Payments will be applied first to finance charges and fees, then to the Balance Category with the lowest APR until it has been fully paid, then to Balance Categories (including new transactions) in the order of the lowest APR to the highest APR. This means that balances subject to promotional or introductory APRs will be paid before balances subject to higher APRs. If the Purchase Balance and another Balance Category have the same APR, payments will generally be applied first to Purchases.

The information above is accurate as of November 09, 2005 and is subject to change. For information after this date, please return to www.PayPalCreditCard.com or write to Card Services, Attn PayPal Visa, P.O. Box 9157, Pleasanton, CA 94566-9157.

Second card information We may provide information about this account to consumer reporting agencies or other agencies in the second cardholder’s name. This is not a joint account. If you allow the second cardholder to use your account, you will be liable for all their transactions.

Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

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Application Terms and Conditions

By applying for a PayPal Visa Platinum Card account, you acknowledge and agree that (1) you are at least 18 years old; (2) all information you provide is accurate and complete; (3) your account will be used only for personal, family, or household purposes; (4) Washington Mutual Bank ('we') may check your credit and the information you provide; (5) we reserve the right to change the terms of your Account; (6) we may request credit reports in connection with this application and to review your account, and (7) We may share with PayPal information about your application, your account, and your account transactions.

Upon request, we will tell you if we obtained credit reports and the name and address of any consumer reporting agencies that provided the reports. We may report information about your account (including in a second cardholder's name) to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. When you use the account, you agree to be bound by the Account Agreement. The Account Agreement provides that disputes relating to the Account are subject to binding arbitration. There are additional terms describing the features and benefits of your account, which will be sent to you when you become a cardholder.

A married applicant may apply for credit in his or her name. An account may not be available to you if you already have a credit account with us or have applied in the last 90 days.

New York Residents New York residents may contact the New York state banking department to obtain a comparative listing of credit card rates, fees, and grace periods. Call 1-800-518-8866.

Wisconsin Residents No provision of a marital property agreement, a unilateral statement, or a court decree adversely affects the interest of the creditor unless the creditor, prior to the time credit is granted, is furnished a copy of the agreement, statement, or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred. Married applicants must furnish the applicant's Social Security number and the name and address of their spouse to Card Services at P.O. Box 660659, Dallas, TX 75266-0509 within 15 days from the date you respond to this offer.[/size592daa1f5f][/quote592daa1f5f]

That APR is actually pretty excellent, I'd apply for it first before I start making any assumptions becuase I'm guessing if you have no experience with credit cards, then your credit rating won't be good enough to support a card approval for this.

[quote9a6a6f7f76="EatChex89"]Okay, so is this a good thing to get?

I want it so that I can use it to make purchases on BlackFriday, and then use the rebates to pay it off without going over the funds that are currently in my account.

I don't know squat about credit cards. I could definately use a credit card for Black Friday tho (the day after thanksgiving)...

Here are the specs for the card

[quote9a6a6f7f76]PayPal Visa® Platinum Card
[b9a6a6f7f76]Annual percentage rate (APR) for purchases[/b9a6a6f7f76] 0% for the first 6 monthly billing periods that your account is open ("Introductory Period"). After that, 9.99% to 23.99%li
[b9a6a6f7f76]Other APRs[/b9a6a6f7f76] Balance Transfer APR 0% during the Introductory Period; after that, 9.99% to 23.99%li
Cash Advance APR 23.99%li
Default APR Up to the Prime Ratelili plus 23.24% or up to 29.99%, whichever is greater, and may vary (see explanation belowlilili)
[b9a6a6f7f76]Variable rate information[/b9a6a6f7f76] Your APRs may vary.
Purchase APR Prime Rate plus 3.24%-17.24%, but not lower than the non Introductory APR for Purchases when your account is openedli
Balance Transfer APR Prime Rate plus 3.24%-17.24%, but not lower than the non-Introductory APR for Balance Transfers when your account is openedli
Cash Advance APR Prime Rate plus 17.24%, but not lower than the APR for Cash Advances when your account is openedli
[b9a6a6f7f76]Grace period for purchases[/b9a6a6f7f76] At least 25 days if the New Balance is paid in full by the Payment Due Date.
[b9a6a6f7f76]Balance calculation method[/b9a6a6f7f76] Two-Cycle Average Daily Balance(including new purchases)
[b9a6a6f7f76]Annual fee[/b9a6a6f7f76] $0
[b9a6a6f7f76]Minimum finance charge[/b9a6a6f7f76] $1
Transaction fee for purchases For purchases made outside the U.S. and its territories 1% of each purchase
[b9a6a6f7f76]Cash advance fee [/b9a6a6f7f76] 3% of the advance ($10 minimum)§

[b9a6a6f7f76]Balance transfer fee[/b9a6a6f7f76] 3% of each balance transfer ($5 min / $75 max per transfer). Waived for balances transferred now.


[b9a6a6f7f76]Late fee[/b9a6a6f7f76] $19 if balance is less than $200
$39 if balance is $200 or greater


[b9a6a6f7f76]Overlimit fee[/b9a6a6f7f76] $35 if you exceed your credit line at any time during a billing cycle

[b9a6a6f7f76]We may change the APRs, fees, and other terms of your account at any time in accordance with applicable law and the Account Agreement, which we will send you when your account is opened. Factors we may consider in determining whether and how to change your terms include the frequency and the severity of defaults and other indications of risk on accounts with Washington Mutual (including Providian credit card accounts) and other creditors.[/b9a6a6f7f76]

li Your APRs for Purchases, Balance Transfers and Cash Advances (and the margins added to the Prime Rate to determine these APRs) will depend on Washington Mutual's evaluation of your application and credit history. The APR for Balance Transfers above applies to Balances transferred in connection with this application. Depending on your credit profile with us and other lenders, you may qualify for additional balance transfer offers with us in the future. The terms of any future offer will be disclosed to you when the offer is made.

lili The Prime Rate used to determine your APRs is the highest Prime Rate published in The Wall Street Journal on the first business day following the 22nd day of the previous calendar month. Variable rates are current as of November 2005.

lililiDefault APR Each time you default on this or any Washington Mutual (including Providian) credit card account because you fail to make at least the minimum payment when due, exceed your credit line, make a payment to us that is not honored by your bank, or are reported as delinquent on an account with any other creditor, we may increase the APRs on your account up to a maximum of the Default APR. Factors considered in determining the Default APR include the frequency and severity of account defaults and other indications of account usage and risk on accounts with Washington Mutual (including Providian credit card accounts) and/or other credit accounts.

§ Purchase of Cash Equivalents Charges for the purchases of cash equivalents such as money orders, traveler´s checks, foreign currency, lottery tickets, casino gaming chips, and the like are treated as Cash Advances and are subject to the Cash Advance fee described above.

Cash Line The amount available for cash advances will be 20% of your total credit line and will be shown on your statement.

How payments are applied Payments will be applied first to finance charges and fees, then to the Balance Category with the lowest APR until it has been fully paid, then to Balance Categories (including new transactions) in the order of the lowest APR to the highest APR. This means that balances subject to promotional or introductory APRs will be paid before balances subject to higher APRs. If the Purchase Balance and another Balance Category have the same APR, payments will generally be applied first to Purchases.

The information above is accurate as of November 09, 2005 and is subject to change. For information after this date, please return to www.PayPalCreditCard.com or write to Card Services, Attn PayPal Visa, P.O. Box 9157, Pleasanton, CA 94566-9157.

Second card information We may provide information about this account to consumer reporting agencies or other agencies in the second cardholder’s name. This is not a joint account. If you allow the second cardholder to use your account, you will be liable for all their transactions.

Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

Back to Top

Application Terms and Conditions

By applying for a PayPal Visa Platinum Card account, you acknowledge and agree that (1) you are at least 18 years old; (2) all information you provide is accurate and complete; (3) your account will be used only for personal, family, or household purposes; (4) Washington Mutual Bank ('we') may check your credit and the information you provide; (5) we reserve the right to change the terms of your Account; (6) we may request credit reports in connection with this application and to review your account, and (7) We may share with PayPal information about your application, your account, and your account transactions.

Upon request, we will tell you if we obtained credit reports and the name and address of any consumer reporting agencies that provided the reports. We may report information about your account (including in a second cardholder's name) to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. When you use the account, you agree to be bound by the Account Agreement. The Account Agreement provides that disputes relating to the Account are subject to binding arbitration. There are additional terms describing the features and benefits of your account, which will be sent to you when you become a cardholder.

A married applicant may apply for credit in his or her name. An account may not be available to you if you already have a credit account with us or have applied in the last 90 days.

New York Residents New York residents may contact the New York state banking department to obtain a comparative listing of credit card rates, fees, and grace periods. Call 1-800-518-8866.

Wisconsin Residents No provision of a marital property agreement, a unilateral statement, or a court decree adversely affects the interest of the creditor unless the creditor, prior to the time credit is granted, is furnished a copy of the agreement, statement, or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred. Married applicants must furnish the applicant's Social Security number and the name and address of their spouse to Card Services at P.O. Box 660659, Dallas, TX 75266-0509 within 15 days from the date you respond to this offer.[/size9a6a6f7f76][/quote9a6a6f7f76][/quote9a6a6f7f76]

ugh so many rules and such.... no wonder ive never used a credit card
(I use a mastercard debit card) I hear that most credit cards charge as much as 25% interest too.

that card is 10-25% interest
I would get the paypal debit card because thats what it sounds like you want.
"and then use the rebates to pay it off without going over the funds that are currently in my account." that means you will be using all your paypal money to pay it?
the visa is just like any other credit card...

[quote1f44fa8954="goofygarber"]That APR is actually pretty excellent, I'd apply for it first before I start making any assumptions becuase I'm guessing if you have no experience with credit cards, then your credit rating won't be good enough to support a card approval for this.[/quote1f44fa8954]

well there's no doubt i'll get in, i'll be using my dad's credit history (it's his account)... his history is excellent, no late payments ever, and we always pay off all credit cards.

so yea.. like i said, ill only be using this on black friday, so I won't be limited due toa ll the stupid rebates.

Then go for it, its a pretty reasonable APR for a starter card. )
But check with your dad obviously first, becuase any new cards = a blemish on credit history.

[quotedf56a389ab="turpentinedreams"]that card is 10-25% interest
I would get the paypal debit card because thats what it sounds like you want.
"and then use the rebates to pay it off without going over the funds that are currently in my account." that means you will be using all your paypal money to pay it?
the visa is just like any other credit card...[/quotedf56a389ab]

i have the paypal debit.