Forum Discussion
what's up with T-mobile removing autopay discount for credit cards?
I just literally signed up for a new plan - debit cards have fees for providers too - accessing my bank account isn’t a good approach from a security perspective (noting that T-mobile has been hacked...
That was announced months ago. It is because credit card companies charge a service charge that is based on the percentage of every transaction, which eats into T-Mobile's revenue. Removing the auto pay discount for credit cards negates that.
So this is an obvious money grab, no doubt about it. Even if they are paying as much as 3% to run a charge (which I doubt) that's still only $1.50 per line @ $50.00 a line. The rest of the 5 bucks is pure profit for them. They have no doubt run the numbers and decided that the $3.50 a line they'll make on those of us not dumb enough to give them the access they want more than compensates for all the ill will and lost customers they're generating. If even half their clients say screw it and pay the 5 bucks per line that's about 175 million per month, or over 2 BILLION a year. That ain't chump change, even to a large corporation.
But that being said, I'm not as pissed as I could be. We just changed over to TM from ATT a couple of months ago. Using their Keep and Switch promo on one phone, they paid off my wife's iPhone to the tune of over 500 bucks. Doing a trade in on my Flip 4 ( a phone which is often a ticking time bomb that I really wanted out of) they paid most of it off and I got a S23 for nadda as long as I stay with them for 2 years. We're also on their Go5G Plus 55 deal @ $100/month for two lines . Add on that we're no longer paying for Netflix and we're still way ahead from what we were paying ATT + Netflix.
So is it total BS, sure. But as it seems other carriers are doing it or thinking about it, well, it could be worse. Like paying Comcast, but don't aún get me started about those guys...
