topic Re: Sprint - Home Credit US Closure in Credit Cards

Sprint - Home Credit US Closure

macinjosh — Sun, 10 May 2020 06:53:36 GMT

By now all holders of the Sprint Visa cards and Home Credit Visa card got an email late last night saying that their cards will be suspended as of midnight central time, March 17, 2020. If you haven't gotten that email, here is a link to the FAQ they posted on their website.

https://www.homecreditus.com/wp-content/uploads/FAQ_AccountSuspend.pdf

Talk about a big dent. My Sprint card is/was $7,400 of my total aggregate.

Edit: Final closing date set for May 13, 2020. Please see this post: https://ficoforums.myfico.com/t5/Credit-Cards/Sprint-Home-Credit-US-Closure/m-p/6015672/highlight/true#M1720445

Re: Home Credit US Closure

M_Smart007 — Sun, 15 Mar 2020 15:42:44 GMT

@macinjosh, Good to see you! .. sorry for the loss of your CL

I hope everything else is well for you!

Re: Home Credit US Closure

kilroy8 — Sun, 15 Mar 2020 16:44:55 GMT

Sorry to hear. That was one of your oldest cards, wasn't it?

Re: Home Credit US Closure

AllZero — Sun, 15 Mar 2020 17:31:42 GMT

That's unfortunate. Hope you'll be able to find suitable replacement revolvers.

Re: Home Credit US Closure

blindambition — Sun, 15 Mar 2020 17:42:40 GMT

Nothing like last minute information. A shame that not kept a general card. I hope new app, or CLIs can cushion the blow.

Re: Home Credit US Closure

Adkins — Sun, 15 Mar 2020 18:27:16 GMT

Ouch, sorry @macinjosh!

Re: Home Credit US Closure

Anonymous — Sun, 15 Mar 2020 19:00:31 GMT

That's a bummer. Sorry macinjosh!

Re: Home Credit US Closure

macinjosh — Sun, 15 Mar 2020 19:03:51 GMT

@kilroy8 wrote:
Sorry to hear. That was one of your oldest cards, wasn't it?

That is my oldest card sadly. They said they will suspend all accounts for now, and close them later. I wonder if that means they are looking to sell the portfolio to another bank? One can hope, I guess.

Re: Home Credit US Closure

macinjosh — Sun, 15 Mar 2020 19:05:04 GMT

@AllZero wrote:
That's unfortunate. Hope you'll be able to find suitable replacement revolvers.

Thanks. I can't apply for anything right now. That card was mostly for padding.

Re: Home Credit US Closure

macinjosh — Sun, 15 Mar 2020 19:05:57 GMT

@blindambition wrote:
Nothing like last minute information. A shame that not kept a general card. I hope new app, or CLIs can cushion the blow.

Definitely no new apps right now, but I'm hoping for CLI's for padding too.

Re: Home Credit US Closure

Anonymous — Sun, 15 Mar 2020 20:01:58 GMT

Oldest card. Yikes!

Re: Home Credit US Closure

Anonymous — Mon, 16 Mar 2020 10:06:17 GMT

Sorry to hear about this but for FICO8 oldest card card closing is irrelevant.

They came in hard and fast and flew too close to the sun. iirc their parent company is a Czech bank. I wonder if the whole operation is going under or just the CC.

Sprint Card - End of Program

Anonymous — Mon, 16 Mar 2020 11:52:31 GMT

Got this message this morning from Home Credit/Sprint:

Please be advised that the difficult decision was made to shut down the Sprint Credit Card and Sprint Visa Signature® Credit Card portfolio issued by The Bank of Missouri and serviced by Home Credit US, LLC, and effective as of 12:00 am CT on Tuesday, March 17, 2020, all Purchases and Cash Advances relating to Sprint Credit Card and Sprint Visa Signature® Credit Card Accounts are suspended. This notice provides you with helpful information regarding the details of this suspension. In the near future, all Sprint Credit Card and Sprint Visa Signature® Credit Card Accounts will be closed. More information about the closure will be provided at a later date.

Re: Home Credit US Closure

Anonymous — Mon, 16 Mar 2020 12:32:30 GMT

@macinjosh wrote:
By now all holders of the Sprint Visa cards and Home Credit Visa card got an email late last night saying that their cards will be suspended as of midnight central time, March 17, 2020. If you haven't gotten that email, here is a link to the FAQ they posted on their website.

https://www.homecreditus.com/wp-content/uploads/FAQ_AccountSuspend.pdf

Talk about a big dent. My Sprint card is/was $7,400 of my total aggregate.

I got the email this morning, which sucks... $6,500 CL ugh!

Re: Sprint Card - End of Program

Anonymous — Wed, 18 Mar 2020 03:25:57 GMT

@Anonymous wrote:
Got this message this morning from Home Credit/Sprint:

Please be advised that the difficult decision was made to shut down the Sprint Credit Card and Sprint Visa Signature® Credit Card portfolio issued by The Bank of Missouri and serviced by Home Credit US, LLC, and effective as of 12:00 am CT on Tuesday, March 17, 2020, all Purchases and Cash Advances relating to Sprint Credit Card and Sprint Visa Signature® Credit Card Accounts are suspended. This notice provides you with helpful information regarding the details of this suspension. In the near future, all Sprint Credit Card and Sprint Visa Signature® Credit Card Accounts will be closed. More information about the closure will be provided at a later date.

Hi and welcome to the forums!

Thank you for sharing. I had a hunch this was going to happen with them at some point. It was only a matter of time.

Re: Home Credit US Closure

CreditJourney007 — Mon, 16 Mar 2020 14:06:02 GMT

Got this email, too. My card has a $5200 limit that I used for padding, ugh.

Wonder why it's closing. More information would've been helpful...

Re: Home Credit US Closure

seattletravels — Mon, 16 Mar 2020 14:08:18 GMT

That's a bummer.

Re: Sprint Card - End of Program

Anonymous — Mon, 16 Mar 2020 15:08:13 GMT

I received the same email I'm trying to find out why......

Re: Sprint Card - End of Program

ocheosa — Mon, 16 Mar 2020 15:15:45 GMT

@Anonymous wrote:
I received the same email I'm trying to find out why......

I would guess this has more to do with the T-Mobile/Sprint merger. T-Mobile was most likely not interested.

Re: Home Credit US Closure

macinjosh — Mon, 16 Mar 2020 15:25:38 GMT

@Anonymous wrote:
@macinjosh wrote:
By now all holders of the Sprint Visa cards and Home Credit Visa card got an email late last night saying that their cards will be suspended as of midnight central time, March 17, 2020. If you haven't gotten that email, here is a link to the FAQ they posted on their website.

https://www.homecreditus.com/wp-content/uploads/FAQ_AccountSuspend.pdf

Talk about a big dent. My Sprint card is/was $7,400 of my total aggregate.
I got the email this morning, which sucks... $6,500 CL ugh!

Ouch! Another decent credit line gone.