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.
Credit card fees are 1.95% - so taking away a $5/line benefit unless one turns over bank details (in my case $30 per month) is a poor economic decision. If it is the fees that they want, charge me 1.95% per month to pay by credit card. T-Mobile - this is a PRICE HIKE and one of about 15%! Don't candy coat it any other way. This is frustrating as credit cards provide free insurance for phones and other devices - that is worth more than the $30 discount. Just a very sneaky and poor business decision to make customers pay more $ (or expose their bank info and lose other benefits from credit card companies!). BAD MOVE T-MOBILE!!
