Why is a direct deposit required to access the Perpay Credit Card?
A minimum direct deposit from each paycheck to your Perpay account is required to keep your Perpay Credit Card active.
Why does the card require a payroll direct deposit?
When automatic transfers are enabled, your paycheck is routed to Perpay via direct deposit. This helps:
Make consistent payments
Lower your credit utilization
Support building your credit score
If we don’t receive the required deposit by your payment due date, your card may be suspended until a qualifying deposit is made.
What happens if my direct deposit arrives but I don’t owe anything?
If you don’t owe a balance, the funds stay in your Perpay account balance.
You can:
Use them for your next credit card purchase
Shop in the Perpay Marketplace
Withdraw to your linked bank account
How is my required deposit calculated?
Your minimum deposit amount is based on:
Your required deposit for the Perpay Credit Card
Plus the deposit needed to cover active Marketplace orders
You only need one payroll deposit to cover both. As long as it meets or exceeds the combined minimum, you're good to go.
How are payments split between the card and Marketplace?
Your direct deposit is applied in the following order:
Required payment for the Perpay Credit Card
Scheduled payment for your active Marketplace order
Any remaining funds go toward your credit card balance
After the card is paid off, remaining funds go to Marketplace orders (oldest first)
Anything left becomes available in your Perpay account balance
Marketplace orders are non-recourse. If you miss payments, you may lose the ability to place new Marketplace orders.
How much should I pay each month on my credit card?
Whenever possible, pay your balance to $0.
If you can’t, aim to pay the full statement balance to avoid interest.
You can also make additional payments through your bank account or check
Automatic payroll payments make this easier to manage
How do I make additional payments to my credit card?
You can make extra payments using:
A linked bank account (via your Perpay dashboard)
A check
⚠️ Additional payments do not replace your required payroll deposit.
They will not keep your card active if no qualifying deposit is received.
Can Perpay change my direct deposit?
No.
Only you can update, pause, or cancel your payroll instructions with your employer or payroll provider.
The Perpay Credit Card is issued by Celtic Bank.