Halifax Clarity card vs Revolut

OceanSound

masonic wrote: »

Nobody has mentioned the impact of cash advances from a credit card on your credit file, but this could be another reason to use both.

Not if you use a credit card linked to Curve card. When I did a couple of atm pulls abroad (Vietnamese DOng) back in august, Curve charged a £2.00 fee + added 1% to the wholesale exchange rate conversion, but the transactions appeared on my credit card statement as purchases.(I've also checked credit file(s), and no sign of them. However, some other 'cash transactions' for £1510 are showing).

I believe the £2.00 fee only applies to Curve unsupported currencies (e.g. VND, MYR, THB). If on the other hand, you set the underlying card to EUR (within the Curve App) then do a EUR cash withdrawal, Curve will not charge the £2.00 fee (withdrawal limit upto £200 per month. After that the £2 fee applies).

masonic

OceanSound wrote: »

Not if you use a credit card linked to Curve card. When I did a couple of atm pulls abroad (Vietnamese DOng) back in august, Curve charged a £2.00 fee + added 1% to the wholesale exchange rate conversion, but the transactions appeared on my credit card statement as purchases.(I've also checked credit file(s), and no sign of them. However, some other 'cash transactions' for £1510 are showing).

I believe the £2.00 fee only applies to Curve unsupported currencies (e.g. VND, MYR, THB). If on the other hand, you do a EUR withdrawal and you set the underlying card to EUR (within the Curve App), Curve will not charge the £2.00 fee.

If there is a 1% exchange rate load then this is inferior to using Halifax or Revolut is it not? Or is the £2 fee AND load only applied to unsupported currencies?

OceanSound

masonic wrote: »

If there is a 1% exchange rate load then this is inferior to using Halifax or Revolut is it not? Or is the £2 fee AND load only applied to unsupported currencies?

Fee is only for unsupported currencies. I think the 1% load applies to all currencies.

Here's a list of the supported currencies:
https://support.imaginecurve.com/hc/en-gb/articles/214121389-What-do-you-mean-by-supported-currencies-

masonic

Hmm, I don't think having the transaction show up as a purchase on a credit card is worth paying 1% more.

OceanSound

masonic wrote: »

Hmm, I don't think having the transaction show up as a purchase on a credit card is worth paying 1% more.

I'd pay 0.5% extra for an out of hours/weekend cash withdrawal using curve over inferior support, account lockouts demanding ID (passport held next to face), slow response times of Revolut, hands down. There may also be other perks of a cash pull appearing as a purchase (in certain circumstances). Leave this to the reader to work out rather than spoon feeding it.

masonic

OceanSound wrote: »

I'd pay 0.5% extra for an out of hours/weekend cash withdrawal using curve over inferior support, account lockouts demanding ID (passport held next to face), slow response times of Revolut, hands down. There may also be other perks of a cash pull appearing as a purchase (in certain circumstances). Leave this to the reader to work out rather than spoon feeding it.

Oh, there's a charge on Revolut for cash withdrawals is there? I'd assumed it was the same as Starling, which I was considering in addition to my Halifax CC.

Yes, cash pull appearing as purchase could be useful for other things.

System

OceanSound wrote: »

I'd pay 0.5% extra for an out of hours/weekend cash withdrawal using curve over inferior support, account lockouts demanding ID (passport held next to face), slow response times of Revolut, hands down. There may also be other perks of a cash pull appearing as a purchase (in certain circumstances). Leave this to the reader to work out rather than spoon feeding it.

As Curve start passing through the merchant category code, you might get a nasty shock next time!

OceanSound

Heng_Leng wrote: »

As Curve start passing through the merchant category code, you might get a nasty shock next time!

Bit strapped for time, so will keep this short.

Have you seen this:
https://www.headforpoints.com/2018/09/18/curves-email-yesterday-actually-means/

For now, you should be able to continue making £200 per month of ATM withdrawals with Curve Card......... Keep an eye on your emails and card statements, however, as you may receive notice from your underlying issuer that this will change.

I've not received any word or warning through underlying issuers. Have you?

OceanSound

Had an email from curve yesterday saying loading on exchange rate is now 0%.

However, during weekends (when markets are closed) there's a load of 0.5% for transactions made in GBP, EUR and USD and 1.5% for all other supported currencies.

With Revolut (for weekend transactions) it's a 0.5% markup for these currencies:

USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, and CZK

and +1.0% for all other currencies including :

THB, RUB, UAH and TRY. (this means over the weekend THB, RUB, UAH, and TRY have a 2% markup.)

takman

OceanSound wrote: »

I see your point. If visiting the U.S. Convert Pounds to US dollars when the pound is strong. Go on holiday to US. Spend the dollars (without having to worry about fluctuations in currency).

Any unspent US dollars we can convert back to pounds or keep until next holiday (probably not advisable as you don't earn interest on any prepay card balances).

If your able to accurately predict when the best time to change currency is and if it will go up or down in value over a particular period then you should trade in forex as you will be so rich you will never need to work again! .