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Blispay 2021 (Update 9/20/21 - Accounts Closed)

FinStar
Moderator

Re: Blispay 2021


@SoCalGardener wrote:

I've never even HEARD of Blispay.

 

It's irrelevant now, but if anyone wants to explain anything about it--what it was, did, rewarded, was/wasn't good, etc.--I'd like to hear it!


Here's a thread from 2017 that provides some highlights on the first post:

https://ficoforums.myfico.com/t5/Credit-Cards/Blispay-considering-new-financing-options/m-p/4843858

 

Basically, this particular [FOTM] Visa card debuted in early 2016 and was a fairly innovative 2% cashback product.  The card offered special 6-month financing on transactions >$199 (one could have multiple running promotions). It was issued by First Electronic Bank and only reported to Experian.  Accounts were frozen in 2018 (during the week of Thanksgiving).  Crickets since then until now.

Message 21 of 36
12njoy
Super Contributor

Re: Blispay 2021

I got my closure email today as well. I removed the card from my portfolio in 2019 as I knew I was not a Comenity Bank type of customer.  

Profile Worth 1.4M+ (Credit is my hobby/TCL objective)
___________ 12Njoy
FICO - EX 751; EQ 790; TU 793 Previously all between 804 - 816
Message 22 of 36
SunriseEarth
Moderator Emeritus

Re: Blispay 2021

Ding-dong, the Blis is dead.  Time to update my signature...finally.   Smiley Surprised



Start: 619 (TU08, 9/2013) | Current: 798 (TU08, 6/27/22)
AMEX Cash Magnet $64000 | Discover IT $46000 | BofA BBR #1 $43900 | BoA BBR #2 $31100 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $20000 | Freedom Flex WEMC $20000 | WF Active Cash VS $18,000 | Disney VS $15000 | FNBO Evergreen VS $15000 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Jared Gold Card $13000 | Amazon VS $12000 | Citi Custom Cash MC $11600 | Belk MC $10000 | AARP VS $8800 | ~~
Message 23 of 36
Adkins
Legendary Contributor

Re: Blispay 2021

I got a letter in the mail yesterday about the closure, but no email. 🤷 I'll go and update my siggy, I suppose. I was so hoping Comenity was going to do something with all the accounts. Boo. 👎

Last HP 06-30-2022



Message 24 of 36
pinkandgrey
Community Leader
Senior Contributor

Re: Blispay 2021


@ChargedUp wrote:

@blindambition wrote:

There haven't been updates on this card in over a year. The zombie card that just won't die!!


I forgot all about Blispay!

 

I wonder if they realize they forgot to shut the phone line down and unplug the computers?


I thinkit's probably this exactly lol. They didn't want to just come out and say, "It's over, people."

Discover It: 20k
Amex Cash Magnet: 18k
Fidelity Visa: 4k
Apple Card: 3k
Message 25 of 36
firefox100
Valued Contributor

Re: Blispay 2021

 

It's Over for Blispay, now how it going to report to Experian. When you now call Blispay phone number it tells to call another phone number who is a debt colector who is servicing the remaining accounts who have not been paid off. Good by Blispay.

Message 26 of 36
FinStar
Moderator

Re: Blispay 2021


@firefox100 wrote:

 

It's Over for Blispay, now how it going to report to Experian. When you now call Blispay phone number it tells to call another phone number who is a debt colector who is servicing the remaining accounts who have not been paid off. Good by Blispay.


I'm sure it's likely to report as Closed by Credit Grantor, if anything -- except for those folks who closed the account on their own terms.

Message 27 of 36
firefox100
Valued Contributor

Re: Blispay 2021

I wish I never got involved with this one. Only put one charge on this account. I think only time this may be problem on experian report if credit decision goes to manual review.

Message 28 of 36
FinStar
Moderator

Re: Blispay 2021


@firefox100 wrote:

I wish I never got involved with this one. Only put one charge on this account. I think only time this may be problem on experian report if credit decision goes to manual review.


Why would you feel there would be a problem under manual review? I think that's overthinking things.

 

If the account was in good standing (regarless if you used it once or several times), the closure will reflect that. Closed by Credit Grantor is not a negative notation, especially on one account (its connotation is more psychological than anything), it simply means the lender closed it. So, if it was in good standing (even during its 'zombie' period of 2+ years), there really isn't much to worry about.

Message 29 of 36
Adkins
Legendary Contributor

Re: Blispay 2021

And my Blispay account dropped off EX last month. Anyone else lose their history also?

Last HP 06-30-2022



Message 30 of 36
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