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Blispay Suspending future purchases

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Valued Contributor

Re: Blispay suspending future purchases

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

Message 11 of 497
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Established Contributor

Re: Blispay Suspending future purchases

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

Gardening since 12/15/2019. Goal 12/15/2021
FICO 8 as of 12/16/2019 - EQ 602 EX 656 TU 628
Message 12 of 497
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Moderator

Re: Blispay Suspending future purchases

This must be the craziest credit story of 2018. 

I told my teens yesterday I'm done repeating myself. Darwin, take the wheel, please.
Message 13 of 497
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Frequent Contributor

Re: Blispay Suspending future purchases

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.

Message 14 of 497
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Moderator

Re: Blispay Suspending future purchases

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 😁

Message 15 of 497
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Moderator

Re: Blispay Suspending future purchases

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.

Message 16 of 497
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New Contributor

Re: Blispay Suspending future purchases

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.
Message 17 of 497
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Community Leader
Super Contributor

Re: Blispay Suspending future purchases

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.

My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 18 of 497
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Valued Contributor

Re: Blispay Suspending future purchases

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.

EQ08 BE: 776 | TU08: 812 | EX08: 797
Chase Ink [21.5k], Citi DC [20k], Alliant [15k], GICU [15k], QS1 [14.7k], Amex OBC [10k], Sportsman's Guide [9.4k], Blispay [7.5k], PenFed [6.5k], Chase Amazon [6.5k], Discover it [5.2k], Citi TYP [5.2k], Chase Freedom [5k], Fidelity Amex [5k], Consumers CU [5k], Wyndham [5k], Synch/Amazon [5k], Synch/Paypal [5k], Elan [4.5k], Ft.Knox [2.5k], BofA BBR [2k], Victoria's [1.7k], BofA 123 [500!]
Message 19 of 497
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Frequent Contributor

Re: Blispay Suspending future purchases

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).  Smiley Happy

 

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.

March 2014: Abysmal, low 500s


April 2015: TU 607 | EQ 599 | EX 608
March 2019: TU 717 | EQ 727 | EX 727
Message 20 of 497
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