Blispay's future

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13 posts

What do you think will be the most popular complaint(s) in a few months about Blispay?

1. It will only grow in popularity, and won't be closely associated with any particular major problem or complaint.
1
6%
2. The issuer will close many accounts due to being overwhelmed or rethinking its credit standards.
3
18%
3. Complaints about the competence of customer service.
4
24%
4. Complaints about the issuer being inflexible about fees, APRs, or CLIs.
2
12%
5. Complaints about payments not posting quickly or issuer website troubles.
3
18%
6. Complaints about the card being inferior to other 2% cards.
0
No votes
7. Confusion over APRs and the exact statement balance eligible for the 0%.
4
24%
8. Other.
0
No votes
 
Total votes : 17

Nixon
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Re: Blispay's future

Postby Nixon » Wed Apr 13, 2016 5:03 am

Tubpbs wrote:
CarefulBuilder14 wrote:...and it's closed to new applicants.

http://ficoforums.myfico.com/t5/Credit- ... -p/4541308


Hahaha wow. That forum really is a force. That's insane.

I'm gonna cast my vote now...

It was also posted on DoC blog...
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Kevin86475391
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Re: Blispay's future

Postby Kevin86475391 » Thu Apr 14, 2016 9:22 pm

I'm just coming out of a brief hibernation and haven't read about the card on MF yet, so I'm only going off of the info in this thread.

It sounds like a really good and useful credit product to me. Personally I make it a point of being able to afford to pay for things outright before I purchase them, but I think the opportunity to finance interest free for 6 months is a great deal for people who can't/won't do that. Most such cards are store specific, so a general, use-anywhere card with this feature seems like a truly innovative and appealing idea. I think that alone - 6 months no interest on purchases over $199 - would make the card highly useful to a wide segment of the population. The fact that it also comes with a 2% bonus - or indeed any bonus - should be very enticing to anyone not paying for purchases outright.

I think the retroactive interest thing is completely fair and the only realistic way they could make the card viable. Of course it'll piss people off when they run afoul of it, but it's completely fair and necessary.

As far as complaints, I voted for "Complaints about the competence of customer service" and "Complaints about payments not posting quickly or issuer website troubles" because it seems like that these issues will exist on a product like this. Ideally people probably ought to not rely on customer service much if at all and should make their payments WAY in advance...but they won't and then they'll complain. I also voted for "Confusion over APRs and the exact statement balance eligible for the 0%" because yeah, I'm sure they'll be confusion on this point.

Anyway, not a product I'm going to be applying for, but I absolutely think it has a place in the credit market and I'm kinda excited to see it. I think it could be a huge benefit for people who use it responsibly.

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CarefulBuilder14
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Re: Blispay's future

Postby CarefulBuilder14 » Wed May 18, 2016 1:02 pm

I think "complaints about the competence of customer service" (whether the complaints have merit or not, I'm not sure) is officially a winning answer. There may be more winning answers in time.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May



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