The only real answer to this is yes — and no. You may see a slight change initially with no real long-term effect afterward. While PayPal Credit is a traditional credit account (only without the physical credit card), it doesn’t report your payment behavior to the three credit reporting bureaus. That means on-time payments won’t help your score — but late payments won’t hurt it, either. Inquiries fall into the New Credit category. The only impact you may find is a hard inquiry that’s placed on your account when you sign up. Whenever you apply for new credit, the lender will submit an inquiry to the credit bureaus to view your profile. Each inquiry lives on your credit report for two years. Maintaining a few inquiries (typically three or fewer) has little to no impact on your credit score. But the more you accrue, the more desperate for money you may look to lenders. Excessive inquiries can cause a slight temporary dip in your credit score. Other than that, a PayPal Credit account won’t impact or even be reflected on your credit report. This isn’t the account for you if you’re looking to rebuild your credit history after some mistakes. Although the acceptance standards are fairly forgiving, the account does nothing to help you improve your profile.