How to Cancel a PayPal Credit Card?

To find out how to cancel a PayPal credit card, call directly at (844) 373-4961 to be directed through the process. You could also try dialing the customer support number given on the back of your card. 

Best 2 ways to know how to cancel a PayPal credit card 

By Phone – 

The fastest way to deal with cancelling your PayPal credit card is by calling Customer Support at 1 (844) 373-4961. As soon as you dial the number, follow the instructions until you speak to the live customer representative. 

You can share your card, phone and social security number associated with your account on the call. 

The automated prompts may also change with time and you can directly cancel your PayPal credit card without speaking to the customer support staff by following the below steps, 

1. Dial on to the above number. 

2. Hit “1” to continue with your call. 

3. The robotic system will ask for what you are looking for. Speak “More Options” and then say “Close Account” 

Note that even if this automatically raises a cancellation request, you should clear your credit balance before raising the request. If you have any pending credit balances, then your cancellation request will automatically go into a pending state without being addressed by the Bank. 

You cannot close your account without clearing your outstanding credit balances and extra interest on the same amount if any. 

By Mail – 

You can choose to send a written cancellation application for your PayPal credit card to the below address, 

PayPal Credit PO Box 71707 Philadelphia, PA 19176-1707 

You’ll get a cancellation confirmation email within 3-4 working days from your request date.

Cancelling Credit cards will hurt your credit scores, rather bargain with the customer representatives to get a better offer instead of cancelling your credit card. 

How to cancel a PayPal credit card online YouTube Video 

Does PayPal Credit affect credit score? 

Yes, PayPal credit cards are just like other credit cards being backed by Synchrony Banks. All your transactions will be reported to the credit bureaus timely. Unplanned PayPal credit card cancellations can hurt your credit scores. 

Can I cancel a PayPal debit card? 

Yes, you can cancel a PayPal debit card online. 

Log in to your PayPal account. 

Navigate to your registered debit card. 

Click “Replace or cancel card” under Card Settings. State your reasons for cancellation and follow the steps to the confirmation page. 

Will closing a PayPal account will close PayPal Credit? 

You cannot close your PayPal account with having your PayPal credit card attached to it. You will first need to cancel your PayPal credit card and then after a few days of confirmation from the bank, you can close your PayPal account. 

Note – Even if hypothetically you were able to close your PayPal account without closing your PayPal credit card, you are still obligated to make the outstanding balance on the credit card. You will have to get in touch with customer care support to know the detailed steps regarding it. 

Does PayPal still work if you cancel your card? 

Yes, PayPal still works if you cancel your credit/debit cards registered on PayPal. But you will again have to select your new preferred payment account while either receiving or sending your next transaction payment. 

What is the maximum PayPal Credit limit? 

It starts with a minimum credit limit of $250 but if your transaction history is clean and the credit balance is being timely repaid, the credit limit could climb to $20,000-$30,000 

What happens if you don’t pay off PayPal Credit in 6 months? 

Credit card interest rates are usually high. The outstanding balance will keep on piling up for 6 months. This might also attract some additional fines and fees depending on the lender’s policies. Customer support will be constantly in touch with the cardholder sending the payment reminders. As a final resort, PayPal will hire debt collectors from some partner agencies to get this escalated quickly. While all this happens, your credit report would have gotten hurt the most.