Advice whether to get a Blispay or not.....

[B335is]

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@Closingracer99 wrote:

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@wacdenney wrote:

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@core wrote:

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@wacdenney wrote:

I really don't see any advantage to Double Cash over BlisPay and there's certainly no advantage to any Crap 1 products.

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Does Blispay allow you to pay your balance with a debit card?  That would be one advantage the Citi has.  And maybe financial stability... someone who likes to keep things simple might not want to go looking for a different credit card next year when this whole thing goes Tango Uniform.

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I still haven't seen any evidence whatsoever to support the assertion that BlisPay is likely to go under. 

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Evidence is within itself ... Brand new.... plus the 0% APR with no min payments for 6 months is a recipe for disaster .... Plus the semi low score required ot get the card I see this going under quite quickly depending on how it pans out and who gets the card. That or they change the offer for like 6 month 0% APr with a min payment and 1% CB....

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They'll make [plenty of] money off people who carry a balance or miss their 0% promo period. 

[kdm31091]

Citi does not automatically redeem your points and you will only get 2 percent each month if you pay before the statement comes. If not, you'll get your initial 1 percent and the other 1 percent will come a month later. Either way you have to log in and request a redemption of your points when you want them, and you must have $25 to redeem.

[taxi818]

Without even reading all the replies this is simple. Do you need it? can it benefit you?  if Yes. Get it. If not leave it alone. Eventually most will learn not to follow the Trends of myfico to help your own credit. Good luck.

[wacdenney]

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@Closingracer99 wrote:

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@wacdenney wrote:

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@core wrote:

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@wacdenney wrote:

I really don't see any advantage to Double Cash over BlisPay and there's certainly no advantage to any Crap 1 products.

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Does Blispay allow you to pay your balance with a debit card?  That would be one advantage the Citi has.  And maybe financial stability... someone who likes to keep things simple might not want to go looking for a different credit card next year when this whole thing goes Tango Uniform.

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I still haven't seen any evidence whatsoever to support the assertion that BlisPay is likely to go under. 

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Evidence is within itself ... Brand new.... plus the 0% APR with no min payments for 6 months is a recipe for disaster .... Plus the semi low score required ot get the card I see this going under quite quickly depending on how it pans out and who gets the card. That or they change the offer for like 6 month 0% APr with a min payment and 1% CB....

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Can you cite anything AT ALL to back this up?  2% has been done successfully more than once as has 0% for 6 months.  They aren't exactly reinventing the wheel here.  Everyone keeps on insisting that Blis is going to fail yet I have yet to see ANYONE provide any evidence to support the assertion.  My cards working great for me...

[Anonymous]

I'm wondering if this is a hidden TL too not sure but still hasn't shown up on my reports .. wondering if anyone that has used it showed up on reports yet? Guess mine dont reall count since its still stuck with glue on the original letter that came about a month ago ... so because I havent used it yet makes me think thats why I dont see mine on my report

[Anonymous]

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@Closingracer99 wrote:

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@kdm31091 wrote:

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@wacdenney wrote:

Yes, BlisPay sounds like the perfect choice for someone like yourself who wants to keep things simple.  I really don't see any advantage to Double Cash over BlisPay and there's certainly no advantage to any Crap 1 products. 

BlisPay fits...  Go for it!

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Double Cash allows much more redemption flexibility. You can get a direct deposit, gift cards, etc. For some people, doesn't matter, but more choices are never a bad thing.

Also, people need to keep in mind signup bonuses. Yes, 2% on all of your purchases is great, but if you can get a card with less overall CB but a $150 or $200 bonus, that will outperform a DC or Blispay for many thousands of dollars in spend (which could be a year of spending for some people!). So for the hard pull and AAOA ding, you may consider a card with a bonus instead.

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Eh I got $180 in CB on my DC in the 8 to 10 months I have used it.

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Right, but with a 1.5% card you would have got say $125 (and $90 with a 1%) so you would still have been ahead with a decent bonus.   And if you got a $180, you put $9K on in 8-10 months, so KDM's comment seems close even for your case

[kdm31091]

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@wacdenney wrote:

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@Closingracer99 wrote:

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@wacdenney wrote:

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@core wrote:

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@wacdenney wrote:

I really don't see any advantage to Double Cash over BlisPay and there's certainly no advantage to any Crap 1 products.

---

Does Blispay allow you to pay your balance with a debit card?  That would be one advantage the Citi has.  And maybe financial stability... someone who likes to keep things simple might not want to go looking for a different credit card next year when this whole thing goes Tango Uniform.

---

I still haven't seen any evidence whatsoever to support the assertion that BlisPay is likely to go under. 

---

Evidence is within itself ... Brand new.... plus the 0% APR with no min payments for 6 months is a recipe for disaster .... Plus the semi low score required ot get the card I see this going under quite quickly depending on how it pans out and who gets the card. That or they change the offer for like 6 month 0% APr with a min payment and 1% CB....

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Can you cite anything AT ALL to back this up?  2% has been done successfully more than once as has 0% for 6 months.  They aren't exactly reinventing the wheel here.  Everyone keeps on insisting that Blis is going to fail yet I have yet to see ANYONE provide any evidence to support the assertion.  My cards working great for me...

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Historically, most 2% cards have gone away or been nerfed. Priceline and Schwab are two examples. Many 2% cards, like Venture or Arrival, are only 2% if you redeem for certain things, so that doesn't really count. General, flat rate 2% cards are not usually profitable for banks, which is why they rarely come with sign up incentives (and Citi has pulled the 0% offer on Double Cash, at least via some links). Fidelity is still around because they take the losses in order to draw in customers (you can find articles on this).

So it stands to reason that people don't expect Blispay to last forever. They will not be making as much money off of interest to boot, and the 2% rewards. They have to make profit somewhere to make it worth offering. If that doesn't pan out, rest assured, it will go away.

When Double Cash first came out, many people figured it wouldn't last any time at all and it has lasted ~2 years although like I said, they did take away the purchase promo, leading me to think they want to get more interest from people and if it doesn't work out they may pull the plug.

This is all speculation of course, but 2% flat rewards have never been profitable. By all means, people should enjoy Blispay while it's around. That doesn't mean others have to think it will stay around forever (credit cards with high flat rate rewards rarely do).

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Closingracer99 wrote

Eh I got $180 in CB on my DC in the 8 to 10 months I have used it.

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Right but with a card with a $200 bonus you'd still be ahead over  the DC, which was my point.

[Themanwhocan]

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@kdm31091 wrote:

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@wacdenney wrote:

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@Closingracer99 wrote:

---

@wacdenney wrote:

---

@core wrote:

---

@wacdenney wrote:

I really don't see any advantage to Double Cash over BlisPay and there's certainly no advantage to any Crap 1 products.

---

Does Blispay allow you to pay your balance with a debit card?  That would be one advantage the Citi has.  And maybe financial stability... someone who likes to keep things simple might not want to go looking for a different credit card next year when this whole thing goes Tango Uniform.

---

I still haven't seen any evidence whatsoever to support the assertion that BlisPay is likely to go under. 

---

Evidence is within itself ... Brand new.... plus the 0% APR with no min payments for 6 months is a recipe for disaster .... Plus the semi low score required ot get the card I see this going under quite quickly depending on how it pans out and who gets the card. That or they change the offer for like 6 month 0% APr with a min payment and 1% CB....

---

Can you cite anything AT ALL to back this up?  2% has been done successfully more than once as has 0% for 6 months.  They aren't exactly reinventing the wheel here.  Everyone keeps on insisting that Blis is going to fail yet I have yet to see ANYONE provide any evidence to support the assertion.  My cards working great for me...

---

Historically, most 2% cards have gone away or been nerfed. Priceline and Schwab are two examples. Many 2% cards, like Venture or Arrival, are only 2% if you redeem for certain things, so that doesn't really count. General, flat rate 2% cards are not usually profitable for banks, which is why they rarely come with sign up incentives (and Citi has pulled the 0% offer on Double Cash, at least via some links). Fidelity is still around because they take the losses in order to draw in customers (you can find articles on this).

So it stands to reason that people don't expect Blispay to last forever. They will not be making as much money off of interest to boot, and the 2% rewards. They have to make profit somewhere to make it worth offering. If that doesn't pan out, rest assured, it will go away.

When Double Cash first came out, many people figured it wouldn't last any time at all and it has lasted ~2 years although like I said, they did take away the purchase promo, leading me to think they want to get more interest from people and if it doesn't work out they may pull the plug.

This is all speculation of course, but 2% flat rewards have never been profitable. By all means, people should enjoy Blispay while it's around. That doesn't mean others have to think it will stay around forever (credit cards with high flat rate rewards rarely do).

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Closingracer99 wrote

Eh I got $180 in CB on my DC in the 8 to 10 months I have used it.

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Right but with a card with a $200 bonus you'd still be ahead over  the DC, which was my point.

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Oh I get it. You're saying the cards with big sign up bonuses pay out more cash, and mostly up front. So its the companies that offer the big bonuses that are more likely to fail... Clearly my paranoia was directed in the wrong direction. Thank god I have the Blispay with no bonus, and a more even keeled rewards structure.

[Anonymous]

hmm.. that's something to think about. I was actually reconsidering this card only because I might have a chance to have lower APY (although I pay balance full all the time good to have it as a safety I guess). Anyone know what the criteria is to have it around 13%? 800 CS or high income?

[Anonymous]

The reason I'm considering a cashback is cuz I end up using cards more often than carrying cash. I might as well benefit from using the plastic by getting 2% cash back. I don't travel often...maybe once every 2-3 years. So might as well get cash back redemption, and sign up bonus don't help me, because I try to train myself to spend on a budget. I don't want to bother to spend that extra $1000 in 3 months just so i can get 20,000 points. I have a set budget of around 700$ and spend no more than that.