SAN JOSE, Calif.–PayPal has announced its PayPal Credit can now be used everywhere with the introduction of a new physical card, issued by Synchrony that includes some unique travel perks, but which also carries a high APR.
“This expands its popular digital PayPal Credit offering to use both online when checking out with PayPal and in-store and everywhere Mastercard is accepted,” the company said in announcing the offering.
According to PayPal, when using the new physical card, customers will also have access to a limited-time offer to pay for travel purchases over six months with promotional financing and no minimum spend. The card has a 30.39% APR.
‘Manageable Way to Pay’
“This gives account holders a more manageable way to pay for qualifying travel purchases like flights, hotels, cruises, and ride shares, which can be spread over time to best suit their budget and needs,” PayPal said. “PayPal Credit is a customer-favorite way to pay online, and the new physical card meets growing demand to extend this unique, flexible financing option for in-store use. This is PayPal’s next flexible payment innovation that caters to customers looking to take PayPal Credit everywhere.”
In addition to the limited-time travel offer, customers can continue to enjoy six-month promotional financing on PayPal purchases over $149, the company added.
Customer ‘Requests’
“PayPal Credit is one of our most popular products and customers have long been requesting the ability to use it on-the-go as they look for more choice and flexibility wherever they shop,” Scott Young, SVP, global head of consumer financial services at PayPal, said in a statement. “From our buy now pay later options to our credit cards, we continue to bring customers a range of solutions to help them manage cash flow and pay in the ways that suits their budgets for the things they love and need.”
