T-Mobile Ends Prepayment Loophole on Autopay Discount

Some readers sent in that T-Mobile is ending the loophole many use to get the monthly $5 Autopay Discount and still pay with a credit card: They set up their account with debit card or bank payment, then manually pay their balance in full before the scheduled Autopay date.No payment goes on the debit card, yet until now you still got the $5 Autopay discount.

Reports are that they’ve changed this, going forward: any one-time payment made with an ineligible method – even a partial payment – will disqualify the account from receiving the $5 AutoPay discount for that billing cycle.

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.