Blispay Website / FAQ's....

[redpat]

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@Anonymous wrote:
From my understanding and i could be wrong....
The 6 mo 0% fin. Is from the account open date? After that its regular int, and is retro back if not pif.
So if im correct here, my account opened on 4/5. So if i make a 300 purchase every month for 5 months, i only have until my statement date to pif for my 0% finacing.

If this is the case, how is that so hard to keep track of? Even with small purchases in between. Again i try daily to manage my finances so i know where i am at all times, even if it starts back tracking, i know what i did wrong.

I would expect a few hiccups through this process, but i believe that if they were established we might not be getting 2% cb?

I feel like im on a crusade here, lol and thats not what the purpose of this thread was. But thats okay too.

I always feel everyone deserves to have an opinion like mine j/k

I do value everyones opinion.... even stupid ones
Revelate i believe you made some valued points and appreciate your opinion.

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You better read the small print........

[deltatee]

@incubus24 I like the way you think! That is one train I'd hop and ride to the firey end!

I also think it is 6 months from the posting of each 199 charge. It definitely could get tricky to manage if there are multiple charges and if you are also using as a daily spender. Especially depending on how they calculate interest.

[Anonymous]

Redpat.....

Have you ever read your cc sop's.... they always say we may reduce or cancel at anytime at our discretion. .... at that time you agree to pif. .... not over time.

Redpat......

Credit limits are not that different from lines of credit.... both have a max you can spend and both have min pmts due on stmt dates.... both balances return as pmts are made....

Redpat.....

The odd are.always in the house's favor.... they protect themselves not you.... you get protection undwr BK laws.... and normal federal regulations.

Redpat....

They can call your note on cc's at anytime.... its not a 5 yr or 30yr loan its month to month credit

[Anonymous]

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@Anonymous wrote:

Redpat.....

Have you ever read your cc sop's.... they always say we may reduce or cancel at anytime at our discretion. .... at that time you agree to pif. .... not over time.

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e.g. Amex:

We may:

● cancel your Account,

● suspend the ability to make charges,

● cancel or suspend any feature on your Account, and

● notify merchants that your Account has been cancelled or suspended.

If we do any of these, you must still pay us for all charges under the terms of this Agreement.

Which means I can pay off the balance as per the original agreement (just can't charge any more), there is no requirement to PIF.

[Anonymous]

Really.???... you have until statement due date... not at your leisure. ...

Redpat....

Do you really think they are going to allow you to take months to pay your balance off.... not s chance.

[Anonymous]

Your original agreement does not state you can pay your balance anytime you like... or when you feel like it.... in reality a cc is just a statement to statement loan.... nothing more if they close your account

Charge card .... pif monthly
Credit card.... revolving.... unless they cancel or change your cl. Then it becomes PIF.

IF a ccc decreases your cl and that puts you over your allowed cl then your are responsible by the agrement to get that balance below your allowed cl. Period.

Same goes of they cancel your cc..PIF BY STATEMENT DUE DATE !

[dragontears]

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@Anonymous wrote:
Your original agreement does not state you can pay your balance anytime you like... or when you feel like it.... in reality a cc is just a statement to statement loan.... nothing more if they close your account

Charge card .... pif monthly
Credit card.... revolving.... unless they cancel or change your cl. Then it becomes PIF.

IF a ccc decreases your cl and that puts you over your allowed cl then your are responsible by the agrement to get that balance below your allowed cl. Period.

Same goes of they cancel your cc..PIF BY STATEMENT DUE DATE !

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You are wrong about what happens if you have a balance on a card and the card gets closed. You don't have to pay it all as soon as it is closed (or by your next statement date), you get to keep the terms of the card which means you are required to pay at least the minimal payment and the CC company gets to charge you your current intrest rate on any unpaid balances. There are a LOT of people that have either had cards closed or have closed cards (in order to avoid changes such as intrest rate changes) where they continue to pay the closed card over time.

[redpat]

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@Anonymous wrote:

Redpat.....

Have you ever read your cc sop's.... they always say we may reduce or cancel at anytime at our discretion. .... at that time you agree to pif. .... not over time.

Redpat......

Credit limits are not that different from lines of credit.... both have a max you can spend and both have min pmts due on stmt dates.... both balances return as pmts are made....

Redpat.....

The odd are.always in the house's favor.... they protect themselves not you.... you get protection undwr BK laws.... and normal federal regulations.

Redpat....

They can call your note on cc's at anytime.... its not a 5 yr or 30yr loan its month to month credit

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Ummmmm........Forget it I'm not going to bother.......

[Anonymous]

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@Anonymous wrote:
Your original agreement does not state you can pay your balance anytime you like... or when you feel like it.... in reality a cc is just a statement to statement loan.... nothing more if they close your account

Charge card .... pif monthly
Credit card.... revolving.... unless they cancel or change your cl. Then it becomes PIF.

IF a ccc decreases your cl and that puts you over your allowed cl then your are responsible by the agrement to get that balance below your allowed cl. Period.

Same goes of they cancel your cc..PIF BY STATEMENT DUE DATE !

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This is just wrong, even if you use upper case.    And I know this from personal experience with Amex credit card.   (And it also applies if the issuer changes the terms, you have the option to close the card and pay off under the older terms.)   There may be exceptions if fraud is suspected but it really is quite well established that you pay off as usual. 

WHere is your info from?

[Anonymous]

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@Anonymous wrote:
The one thing that I saw when I applied for this visa was they do not have a lot of the bells and whistles on their website that the big guy's have, like Auto Pay, Free Fico Score. These are just what i noticed briefly on their website.

What i really liked about this company was that they said , we are a new company, if you have any suggestions (ie; autopay, fico) we would like to hear them.
To me it sounds a little like they want to grow with the customers?

Anyone have any thing to add.....

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Thanks for your thread.  There are companies hitting the market often with credit cards.  Last year Synchronys Stash Visa hit the market and I recall I introduced this to the forum...a flood of apps and approvals.  Many negative comments about it being a small boutique hotels and some was comparing it to Marriott, RItz, Fairmont and other cards.  Stash offered a lower than average interest rate,  I love boutique hotels and their point system included staying at other hotels.  And the great thing is that it is Synchrony and my card grew leaps and bounds 15K in a few month! 

All the speculation and negativity will come and eventually go. None of the negative comments are substantiated with fact, just opinions. And everyone has those, nothing special about that. Those who find the card useful will benefit.  Many companies offer financing and I'm sure Blispay will figure it out.  I apped for the card and recieved an 5K approval.  I like the 2% cash back feature and I will give them a chance.  If by chance they fold, it's life and we all will survive.  I applaud that they are a new company trying to make a go with Blispay.