"32% If You Miss A Payment"
PayPal Extras Credit Card® Review
Written by: tony on 2007-08-14
Overall Satisfaction
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tony's review: 
Read the fine print and think ahead. WHEN you miss a payment or are late a couple times, they're going to jack the rate to 32% and it's your own fault because it says so when you sign up. If you routinely use a credit card, you WILL eventually be late once or twice. I've never met anyone who makes all their payments on time even when they have a wreck around bill time or deaths in the family, etc. You're eventually going to be late once or twice. Don't let them eff you.
Read the fine print and think ahead. WHEN you miss a payment or are late a couple times, they're going to jack the rate to 32% and it's your own fault because it says so when you sign up. If you routinely use a credit card, you WILL eventually be late once or twice. I've never met anyone who makes all their payments on time even when they have a wreck around bill time or deaths in the family, etc. You're eventually going to be late once or twice. Don't let them eff you.
2 Comments
Comment 1 by eric
Re:tony 
on 2007-08-14
Most credit cards do this Tony... Its called a default rate. And on this specific card I have seen the 32% being charged in default accounts. To be honest Tony I haven't been late on a credit card or house payment in 5 years... Not ONE. But usually Tony this default rate hits when you miss or are late on 2 payments in a 6 month period.
on 2007-08-14 Most credit cards do this Tony... Its called a default rate. And on this specific card I have seen the 32% being charged in default accounts. To be honest Tony I haven't been late on a credit card or house payment in 5 years... Not ONE. But usually Tony this default rate hits when you miss or are late on 2 payments in a 6 month period.Comment 2 by kiejon9
Paypal Plus on 2008-09-22
I have this card for my company and I have a good credit line and never missed a payment on anything in my life. Yet I am good at paying my bills and I do alot of online billpay with my bank and they send the payments out when I tell them to.
on 2008-09-22 I have this card for my company and I have a good credit line and never missed a payment on anything in my life. Yet I am good at paying my bills and I do alot of online billpay with my bank and they send the payments out when I tell them to.
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Disclaimer: This content is not provided by Synchrony Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Synchrony Bank. Review content is powered by Finance Globe.
