What are the interest rates and fees associated with PayPal Credit?

PayPal Credit typically offers a variable annual percentage rate, or APR, which can vary based on the user's creditworthiness. As of October 2023, the interest rates can range from around sixteen percent to twenty-four percent. It is important to note that specific rates and terms can vary, so users should check their account details or the PayPal Credit website for the most accurate information. In addition to the interest rates, PayPal Credit may also include various fees. For example, there may be late payment fees if a user does not make their payment by the due date. The amount of the late fee can differ, but it is generally in the range of twenty-five dollars to thirty-five dollars, depending on the circumstances. Furthermore, it is advisable to familiarize oneself with promotional offers that may include deferred interest plans. With these plans, users can avoid interest charges on purchases if they are paid off within a specific promotional period. However, if the balance is not cleared in that time frame, interest may be charged retroactively to the purchase date. For the most accurate and personalized information, users are encouraged to visit the official PayPal Credit webpage, where they can find further details about specific rates, fees, and any ongoing promotions. This can help users make informed financial decisions when using PayPal Credit.