Re: Home Credit US Closure

Anonymous · ‎03-15-2020

Oldest card. Yikes!

Anonymous · ‎03-16-2020

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.

Anonymous · ‎03-16-2020

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.

Anonymous · ‎03-16-2020

@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!

Anonymous · ‎03-16-2020

@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.

CreditJourney007 · ‎03-16-2020

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...

seattletravels · ‎03-16-2020

That's a bummer.

BECU Visa : $40,000 Date Opened: 02/2020

Delta Reserve : $20,000 Date Opened: 01/2020

Amex Blue Cash Preferred : $19,900 Date Opened : 07/2013

Chase Freedom Unlimited : $19,300 Date Opened : 02/2020

Citi Double Cash : $19,000 Date Opened : 06/2015

B of A Cash Rewards : $16,000 Date Opened : 12/2013

Barclaycard Ring : $10,000 Date Opened : 06/2017

Citi Simplicity : $9,000 Date Opened : 10/2011

Commerce Special Connections : $8,000 Date Opened 04/2015

Discover It : $7,100 Date Opened : 04/2013

Marriott Bonvoy Boundless : $5,500 Date Opened 07/2013

Delta Platinum : $2,000 Date Opened : 08/2018

Last App: BECU 02-26-2020
Pronouns: He/Him/His

Anonymous · ‎03-16-2020

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

ocheosa · ‎03-16-2020

@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.

[7/24] Scores 8/9: 700-800s. Util: 1%. Inq/12: EQ 0, EX 2, TU 2. AoOA=15.11y, AoYA=11m.
TCL $693.5K: Personal $562.5K, Business $131K.

macinjosh · ‎03-16-2020

@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.

Samsung Financing TD Bank $3,200

Sprint - Home Credit US Closure