A 0% interest offer you can use again and again
PayPal Credit is like a credit card without the plastic. And with 0% interest for 4 months on all purchases of £99 or more, it’s the perfect way to spread the cost of larger online purchases.*
PayPal Credit 0% interest offer is better than just an introductory offer. Simply spend over £99 and you get 0% interest for 4 months on that purchase. The great thing is you’ll automatically get 0% for 4 months every time you spend over £99. So, if you’re planning a weekend away or fancy splashing out on a new wardrobe, PayPal Credit is the perfect way to spread the cost of those larger purchases.
It’s quick and easy to apply for PayPal Credit – all you need to do is complete a short application form and we’ll give you a decision instantly. If approved and you accept, you’ll have a credit limit attached to your PayPal account to start using straightaway at thousands of online stores.
How 0% interest for 4 months works
Spend £99 or more in one go with PayPal Credit
Then automatically get 0% interest for 4 months on that purchase*
Even better, you can use this offer again and again on every purchase over £99
Representative example:
Representative
23.9% APR (variable)
Purchase interest rate
23.9% p.a. (variable)
Assumed credit limit
£1,200
This example above illustrates the typical cost of using PayPal Credit as a standard funding method. If you take advantage of our offers and promotions, including our 0% for 4 months offer, the interest rate that applies will be lower in many circumstances.ntent goes here
Applying is simple
1. Complete the short online application form.
2. If approved and you accept, you’ll have a credit limit attached to your PayPal account almost immediately.
3. Start spending straightaway at thousands of online stores with PayPal Credit.
Benefits of applying
Instant access
If approved, you can start shopping straightaway with PayPal Credit.
Offer never expires
0% interest for 4 months every single time you spend £99 or more in one go.
Convenient way to shop
PayPal Credit is accepted at thousands of online stores.
On your side
PayPal will send you payment reminders so you never miss a payment.
Pay in instalments
Monthly instalment offers at selected merchants so you can spread the cost over longer periods.
In safe hands
Your details are never shared and PayPal Buyer Protection covers your eligible purchases.
Easy management
Manage your PayPal account anywhere – on your desktop, mobile or tablet.
Shop faster
Speed through checkout quicker and easier with just an email address and password.
To be eligible to apply for PayPal Credit you must:
- Be a UK resident aged 18 years or over
- Have a good credit history and not be declared bankrupt
- Have an annual income of more than £7,500
Please note: Meeting the above criteria does not automatically guarantee you will be offered credit. Each application will be assessed on its individual merits by criteria set by PayPal Credit. All decisions on awarding finance will be made by PayPal Credit and not Newhow Limited.
FAQs
Applying for PayPal Credit is easy. Simply complete our short application form here and if approved and once you accept the Credit Agreement, you’ll have a credit limit linked to your PayPal account almost straight away.
The application form takes minutes to complete. We'll then run a credit check and if approved, you’ll have a credit limit linked to your PayPal account as soon as you accept your credit agreement.
To determine the size of your credit line we use the information you provide in the application form along with internal PayPal data and an external credit check.
You can contact PayPal Customer Services to change your business account to a personal account to apply for PayPal Credit. Alternatively, you can create a new personal account to apply.
The first stage of the PayPal Credit application process will ask you to sign into your PayPal account or offer you the opportunity to sign up for one. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit.
Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept our User Agreement.
See more frequently asked questions
*The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged interest at 23.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit.
Finance provided by PayPal Credit. Terms and conditions apply. Credit subject to status, UK residents only, Axminster Tool Centre Ltd acts as a broker and offers finance from a restricted range of finance providers. PayPal Credit is a trading name of PayPal UK Ltd, 5 Fleet Place, London, United Kingdom, EC4M 7RD.