topic Re: Blispay Suspending future purchases in Credit Cards

Blispay Suspending future purchases

odd_dog — Wed, 21 Nov 2018 16:48:58 GMT

NOTE just received an email from Blispay they are suspending future purchases on card, they are overwhelmed and need to catch up....WAIT WHAT??? Anyone else get this email?

Re: Blispay Suspending future purchases

CreditCuriosity — Wed, 21 Nov 2018 16:50:25 GMT

Your card or all cards?

Re: Blispay Suspending future purchases

Anonymous — Wed, 21 Nov 2018 16:51:35 GMT

I received the same email. Sounds like they ran out of money?

Blispay suspending future purchases

amac373 — Wed, 21 Nov 2018 16:52:19 GMT

I just got an email that Blispay has effective immediately suspended all accounts from having the ability to make new purchases. I am pretty disappointed in this because I planned on using the card for some Holiday shopping. Here is the actual message:

Re: Blispay Suspending future purchases

DantGwyrdd — Wed, 21 Nov 2018 16:52:45 GMT

Yup, just got it.

Re: Blispay Suspending future purchases

odd_dog — Wed, 21 Nov 2018 16:52:48 GMT

@CreditCuriosity wrote:
Your card or all cards?

Pretty sure all cards...here is email

Re: Blispay Suspending future purchases

DantGwyrdd — Wed, 21 Nov 2018 16:53:46 GMT

@CreditCuriosity wrote:
Your card or all cards?

All cards.

Re: Blispay Suspending future purchases

Anonymous — Wed, 21 Nov 2018 16:55:38 GMT

Base on the email I would think it is for all cards I received the same email 12 minutes ago.

Re: Blispay suspending future purchases

amac373 — Wed, 21 Nov 2018 16:55:25 GMT

Sorry for the duplicate post. Saw the other one right after posting this one.

Re: Blispay Suspending future purchases

CreditCuriosity — Wed, 21 Nov 2018 16:57:06 GMT

long story short they ran out of money most likely and need to hopefully secure more capital from venture capitalist most likely

Re: Blispay suspending future purchases

odd_dog — Wed, 21 Nov 2018 16:58:14 GMT

We can NEVER have too much info.....

Re: Blispay Suspending future purchases

lindsaydruart — Wed, 21 Nov 2018 16:59:52 GMT

I got this email too and I'm not even a cardholder. The same is posted on their blog. Is this MoviePass happening?

Re: Blispay Suspending future purchases

Remedios — Wed, 21 Nov 2018 16:59:57 GMT

This must be the craziest credit story of 2018.

Re: Blispay Suspending future purchases

DantGwyrdd — Wed, 21 Nov 2018 17:01:33 GMT

I find it slightly disconcerting regarding their future that they haven't already raised the money. I doubt that they didn't see this coming (right at the holiday season) so I have to wonder if they've been trying to raise more money but have been failing at it. The fact that they ran out of money right before the biggest shopping day of the year on its own cannot bode well for them either.

Re: Blispay Suspending future purchases

FinStar — Wed, 21 Nov 2018 17:01:50 GMT

Yup, just got the email as well. It was one of those 'boutique' products that was bound to last only for so long. Oh well 😁

Re: Blispay Suspending future purchases

CreditCuriosity — Wed, 21 Nov 2018 17:01:53 GMT

Bad time to run out of money if that is what happened during the holiday season.. Can't think of a worse time for this to happen to them.. Could be the nail in the coffin for them quite possibly as they had to see this coming.

Re: Blispay Suspending future purchases

Anonymous — Wed, 21 Nov 2018 17:02:53 GMT

I just sent them $1000 last night just because, my bill wasn't due and my 0% has several months left. Had I known I would have kept my cash.

Re: Blispay Suspending future purchases

pizza1 — Wed, 21 Nov 2018 17:05:14 GMT

Yep, received the same email as well. Can't say I'm surprised at all.... new company new card, no capital. This was a card I was closing next year anyways as well, so might as well do it now because I foresee a closure coming regardless. Too bad, 2% card with a nice 0% option and terrible timing on their part.

Re: Blispay Suspending future purchases

core — Wed, 21 Nov 2018 17:06:46 GMT

I think they are shutting down for good. The only reason the email was worded as such was so folks continue to pay their bill.

I can't say I'm sorry to see them go. They routinely stole small credit balances from me, and none of my banks had them in the billpay system so it was always a paper check which Blispay took weeks to process. And I have no sympathy for a company that displays a dumbed-down mobile site when you try to log in from a real computer. Haven't used my card much at all because 2% is just blah anymore.

Re: Blispay Suspending future purchases

JayTee1 — Wed, 21 Nov 2018 17:07:03 GMT

Received the email as well. I don't use it very often, but I had actually used it a few times over the last couple days since I left my wallet on the couch and kept forgetting to put it in my coat pocket, and this card happened to be in my pants pocket (no idea why, can't remember).

This is very disconcerting. It doesn't really affect me, but it certainly seems very fly-by-night to me. I suppose I'll just wait to see what happens, but it won't surprise me to find out they're going under.