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  • FIRST POST
    • MSE Rosie
    • By MSE Rosie 16th Oct 17, 3:24 PM
    • 63Posts
    • 29Thanks
    MSE Rosie
    MSE News: New fee-free overseas credit card to offer 0.5% cashback
    • #1
    • 16th Oct 17, 3:24 PM
    MSE News: New fee-free overseas credit card to offer 0.5% cashback 16th Oct 17 at 3:24 PM
    App-based Tandem Bank is launching a top credit card for use abroad, offering fee-free spending and overseas cash withdrawals PLUS 0.5% cashback on all purchases...
    Read the full story:
    'New fee-free overseas credit card to offer 0.5% cashback'

    Click reply below to discuss. If you haven’t already, join the forum to reply.
    Last edited by MSE Luke; 16-10-2017 at 4:47 PM.
Page 1
    • csgohan4
    • By csgohan4 18th Oct 17, 7:05 AM
    • 3,958 Posts
    • 2,466 Thanks
    csgohan4
    • #2
    • 18th Oct 17, 7:05 AM
    • #2
    • 18th Oct 17, 7:05 AM
    how much can you withdraw overseas cash wise, not clear from the website?
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • MSE Rosie
    • By MSE Rosie 18th Oct 17, 9:34 AM
    • 63 Posts
    • 29 Thanks
    MSE Rosie
    • #3
    • 18th Oct 17, 9:34 AM
    • #3
    • 18th Oct 17, 9:34 AM
    how much can you withdraw overseas cash wise, not clear from the website?
    Originally posted by csgohan4
    Hi, according to the draft T&Cs we've seen, you'll be able to withdraw up to 30% of your credit limit (up to a max of £500/day).

    Thanks, MSE Rosie
    • nomoneytoday
    • By nomoneytoday 18th Oct 17, 1:12 PM
    • 4,718 Posts
    • 2,849 Thanks
    nomoneytoday
    • #4
    • 18th Oct 17, 1:12 PM
    • #4
    • 18th Oct 17, 1:12 PM
    So where are they making their money?


    IMHO, a credit card either makes money from the fx spread, charges, interest or fees.


    If they're offering money back on top of the fx rate, then is it marketing, or will the other costs be higher?
    • stevenhp1987
    • By stevenhp1987 18th Oct 17, 1:25 PM
    • 400 Posts
    • 356 Thanks
    stevenhp1987
    • #5
    • 18th Oct 17, 1:25 PM
    • #5
    • 18th Oct 17, 1:25 PM
    So where are they making their money?


    IMHO, a credit card either makes money from the fx spread, charges, interest or fees.


    If they're offering money back on top of the fx rate, then is it marketing, or will the other costs be higher?
    Originally posted by nomoneytoday
    I imagine they'll do what the others (e.g. Monzo, Revolut) are doing/have done.

    That is run a good promotion with the aim of getting lots of customers while making a loss, then change the fee structure with the hope of making a gain.
    • csgohan4
    • By csgohan4 18th Oct 17, 6:48 PM
    • 3,958 Posts
    • 2,466 Thanks
    csgohan4
    • #6
    • 18th Oct 17, 6:48 PM
    • #6
    • 18th Oct 17, 6:48 PM
    I imagine they'll do what the others (e.g. Monzo, Revolut) are doing/have done.

    That is run a good promotion with the aim of getting lots of customers while making a loss, then change the fee structure with the hope of making a gain.
    Originally posted by stevenhp1987


    Fair game I guess, Just annoying having to apply for something new again and cancel the old one
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • redux
    • By redux 19th Oct 17, 1:40 AM
    • 17,502 Posts
    • 22,351 Thanks
    redux
    • #7
    • 19th Oct 17, 1:40 AM
    • #7
    • 19th Oct 17, 1:40 AM
    Get early access, says one button, and there is a waiting list.

    Does this actually exist yet? Do the so-called founders have accounts? When is it projected to expand to cover those who start waiting now?
    • Nessie23
    • By Nessie23 11th Nov 17, 2:02 PM
    • 228 Posts
    • 124 Thanks
    Nessie23
    • #8
    • 11th Nov 17, 2:02 PM
    • #8
    • 11th Nov 17, 2:02 PM
    Has anyone moved forward within the queue? Is anyone aware of the implementation timeline, thanks?
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