You can carry a balance on those large ticket items without being hit with interest fees – but you'll definitely want to avoid paying interest

As long as you pay off purchases of $99 or more within six months, you can get an item scotch-free of interest charges — as long as you make minimum payments.

One thing that's unfortunately similar between PayPal Credit and its credit card competitors is its sky-high interest rate, at 25.99%.

So long as you're responsible with paying the balance or large purchases within six months, there's no financial disincentive to getting PayPal Credit, as there is also no annual fee.

Related coverage from How To Do Everything: Tech:

• How to receive money on PayPal and transfer funds to a connected bank account
• How to transfer money from PayPal to your bank account for free, in 2 different ways
• You can use most credit cards on PayPal – here's how to add a card and link it with your account to make purchases
• How to refund a payment on PayPal in 4 simple steps