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.
Be wary of giving out debit card info. It is a direct link to your checking account. If Tmobile gets hacked, your entire checking account can be wiped out. When Home Depot was hacked years ago, our contractor had paid for his supplies with his debit card. The BIG bank that the card was thru would not reimburse him and kept directing him back to Home Depot. HD would then direct him back to the bank. It was 10K worth of his money gone. Even tho the financial institution is supposed to be responsible for any fraud on both your CC and your Debit Card, you will feel much more pain if it's on your Debit. This will mean that you won't have any money in your checking account to pay your other bills. Then you will have to fight the bank to get the money recovered. Also will have to deal with all the other things that may have come back with no payment since there was no money in your checking account.
