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.
FYI: Some banks allow you to create additional checking accounts for no fee. Mine does. I've had a separate one used for all direct deposits because I didn't want to give my primary checking to employers or others that do that. To keep the T-Mobile discount I setup a 3rd checking account in which I only keep the amount of the monthly billing and gave T-Mobile ACH info for that 3rd account.
I setup the direct deposit account originally because most direct deposit forms provided by employers and others have no expiration date (even if you leave the employer). They also allow for "corrections" which means they can take money back. For that 2nd account I login to my bank's site and manually transfer deposits to my primary so the 2nd never has more than the most recent deposit.
For both the 2nd and 3rd accounts I turned OFF automatic overdraft protection. This means if anyone tries to take more than is there it will fail rather than getting it from my primary. This helps against "accidental" additional debits, malicious "corrections" and, in the event of a data breach, hackers being able to get much, if anything.
P.S. Interestingly a year later T-Mobile is raising plans by $5/month per line. Apparently they didn't get enough suckers on their $5/month autopay scam.
