PSA: Bundll Is Closing

ronnknee on 27/04/2023 - 14:41

Just received an email from bundll saying they are closing.

We’re writing to let you know that from 9 May 2023, customers will no longer be able to make purchases with bundll®.

This is because we have taken the decision to close bundll in Australia.

How these updates affect you. Please be aware that:

You can continue using bundll as usual until 9 May 2023.

If you have no balance owing on 9 May 2023, your bundll account will be closed.

If you have any balances owing, your repayments will continue to be deducted until your balance is $0, after which your bundll account will be closed.

You may still use the snooze feature on repayments if you wish.

If you’ve got any further questions about bundll closing, please check out the FAQs or go to our live chat.

So long from bundll bear and thanks for being a bundller.

The bundll team

Financial

Related Stores

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Comments

  • silenthillrocks on 27/04/2023 - 14:50
    +1

    LOL

  • maybe a bot on 27/04/2023 - 14:54
    +12

    BNPL continues to go down the drain, good riddance

  • MS Paint on 27/04/2023 - 15:02
    +20

    Who?

  • freefall101 on 27/04/2023 - 15:03

    I wonder if the regulators finally got after them, because this was definitely just an unregulated credit product with interest charges and late fees and such.

    • bohn on 27/04/2023 - 15:35
      +3

      I've used it for a long time (never paid anything) and found it good.

      Especially good when churning credit cards (to delay spend from being put on a card until a new card arrives) as well as bypassing restrictions such as exclusions to meet minimum spend. Just put anything that is excluded through Bundll and they'd never know ;) eg Citi always excluded public transport and parking from minimum spend so Bundll was great for that.

      Sad to see it go.

      • freefall101 on 27/04/2023 - 16:05
        +1

        Like all credit products, good if you’re smart with them. They make money off the people who are not smart.

        Once you start paying 5% to get 12 weeks to pay off a balance, it becomes outrageously expensive. 5% upfront fee doesn’t sound much but it’s the equivalent of 39.45% interest on paying off a regular debt over 12 weeks. This is why regulation is important.

      • povertytrap on 28/04/2023 - 09:15

        Agreed

      • kdmeir on 02/05/2023 - 21:42

        Agree. Also sad

        Long time user. Never paid a thing.
        Used it as default credit for everything to rack up the velocity points

    • AustriaBargain on 27/04/2023 - 16:00
      +2

      Probably they just missed the boat. Afterpay, even after the value crash and buyout, is a way of life. Stores offer Afterpay despite the high fees for them because not landing a sale at all because they don't offer Afterpay costs them even more. And besides offering your own credit options has always been a headache, look at the (profanity) that is Harvey Norman's credit purchase options. Bundll was a good idea and well enough implemented, but it was too late. It was like Blockbuster's streaming service which was superior in every way to Netflix, except Blockbuster offered it too late and everyone was already in bed with Netflix by that point.

      BNPL is one of the best ideas of our lifetime but like the Sith there can only be one dominant player and one serious alternative.

      • sareth on 28/04/2023 - 08:12
        +1

        "BNPL is one of the best ideas of our lifetime"
        Lmfao what? It's just credit

        • AustriaBargain on 28/04/2023 - 10:16

          Afterpay went to the moon, it's in every high street store, and was such a good idea that the Square people paid billions for it.

          • sareth on 28/04/2023 - 12:15
            +1

            @AustriaBargain: Yeah, so did Dogecoin. People are (profanity) dumb and regulators are incompetent.

  • Jimothy Wongingtons on 27/04/2023 - 15:46

    Press f

    • mapax on 27/04/2023 - 16:47
      +1

      S

  • AustriaBargain on 27/04/2023 - 15:55
    +8

    I have 50 snoozes for some reason, does that mean I can keep Bundll going for the next year? I want to be the last Bundller, I want them to have to keep Bundll Towers open in the Sydney CBD open just to service my single account.

    • Master Bates on 27/04/2023 - 16:01

      😂 do it!

    • MS Paint on 27/04/2023 - 16:22
      +1

      !remindme365

      • AustriaBargain on 10/05/2023 - 08:14

        Damn, I'd never used a snooze before but I didn't realise when you use a snooze you have to pay $20 off the owing amount. So to snooze 50 times I would have needed a single $1,000 purchase. so I won't be able to test snoozing for 23 months as I didn't make a single $1,000 purchase in preparation for this challenge 🤷🏽

  • JimmyF on 27/04/2023 - 16:36
    -1

    PSA: Bundll Is Closing

    Never heard of them….. which is why I'm guessing they are closing!

    • AustriaBargain on 27/04/2023 - 16:42

      The Bundll card qualified as a Mastercard for the 6 months of free Uber Eats Plus deal last year.

      • JimmyF on 27/04/2023 - 18:40

        Still doesn't ring any bells!

        • AustriaBargain on 27/04/2023 - 19:13

          Probably isn't so well known on OZB because there weren't many/any rewards for using it. Whereas Afterpay has product discounts an Zip offered substantial cash back for a while just for using it in any store.

  • brendanm on 27/04/2023 - 16:42
    -2

    Another one bites the dust, good news.

  • Aureus on 27/04/2023 - 16:58

    Sad. Was a good card for churning and used the MasterCard exchange rate.

  • jv on 27/04/2023 - 19:09
    -1

    Just received an email from bundll saying they are closing.

    For how long?

  • Surfsalot on 27/04/2023 - 19:44

    Never heard of them

  • nfr on 27/04/2023 - 19:59

    Bundll is weird. I keep seeing an active bundll of $10 despite not using it, and Bundll does not try to charge my card for it. Do you guys get it too?

  • povertytrap on 02/05/2023 - 21:44
    +1

    Will miss the velocity points, sorry to see them go.

    • Neoika on 03/05/2023 - 17:35

      Make sure to spend to the max before 9 May. I just paid off my Zip Pay.

  • Itsjackson on 04/05/2023 - 16:16

    Really going to miss this card. Although their app was glitchy and support was pretty much useless. It was a great fee-free way to use a credit card for travel. The velocity points were a bonus, not sure what else on the market is free now that revolut has a 1% fee.

  • boxall on 07/05/2023 - 18:50
    +1

    Super disappointed. Easy way to use a credit card without seeing piles of small transactions.

    Any alternative?

  • Neoika on 09/05/2023 - 18:14

    All cards blocked. I maxed out the limit.

  • Neoika on 27/05/2023 - 20:30

    humm Buy Now Pay Later is not currently available to new customers. Existing customers can transact as usual. BPAY is no longer available for new transactions. Existing transactions can be managed via the app. We apologise for any inconvenience.

    Humm is following the same trend.

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