Quote:
Originally Posted by rowan
ccbill does this also, a few years ago I didn't bother to cancel a subscription because the card was about to expire, and I was surprised that they managed to rebill. I found out later that they typically add 2 years to the expiry date and retry.
But... fuzebox was suggesting that declines are increasing because people's limits are being capped at their current balance, so the credit is effectively frozen. You wouldn't see a change in declines because of expiry unless a large number of banks were reducing the validity period of cards they're issuing.
|
My guess is alot of these higher declines for rebills is due to cross sale mania most sponsors have these days. Think about it. Surfer joins site A, crosses to site B and C. Surfer is like WTF, calls their bank and shuts off card. Gets new card and goes about their business. Meanwhile program owner A waits 30 days and gets declined. Then Program A owner goes on gfy and bitches about how cards are maxed out!
