Monzo/Starling Banking/Revolut

ChrisD. · 4 Oct 2021 at 14:02

Also got the code so I set up an account. Will just use it as an account to pay my Amex off monthly for the cash back.

dlockers · 4 Oct 2021 at 14:13

ChrisD. said:
Also got the code so I set up an account. Will just use it as an account to pay my Amex off monthly for the cash back.

Don't think that counts

Martynt74 · 4 Oct 2021 at 14:16

Yeah, there's a big list of excluded transactions, including weirdly "Antique stores"

ChrisD. · 4 Oct 2021 at 14:35

Ah, bummer.

Martynt74 · 4 Oct 2021 at 14:52

I think the way forward is just for Non-Amex spend, but if it's only for 1 year i'm not sure if it's worth it for the hassle involved given that spend is relatively low for me.

dlockers · 4 Oct 2021 at 15:09

ChrisD. said:
Ah, bummer.

You may be in luck I don't think that's on the list

Martynt74 said:
I think the way forward is just for Non-Amex spend, but if it's only for 1 year i'm not sure if it's worth it for the hassle involved given that spend is relatively low for me.

I didn't realise it was just a year either so I'm out too.

Martynt74 · 4 Oct 2021 at 15:13

dLockers said:
You may be in luck I don't think that's on the list

The exclusions list says "Debt Repayments", Presumably that includes Credit Card Debt.

Whether you could use Curve to get around that i'm not sure. Depends on the Category Code that gets passed through to Chase.

dlockers · 4 Oct 2021 at 15:39

Martynt74 said:
The exclusions list says "Debt Repayments", Presumably that includes Credit Card Debt.

Whether you could use Curve to get around that i'm not sure. Depends on the Category Code that gets passed through to Chase.

Sorry it was a crude joke at him saying Bummer(s).

Martynt74 · 4 Oct 2021 at 15:54

And you had the cheek to question my joke!

Junglist · 4 Oct 2021 at 16:39

Set mine up and used it for a payment already. Even if it's only a year, it's still a year of free pennies so it's worth trying out, I thought.

iamtheoneneo · 4 Oct 2021 at 17:44

Martynt74 said:
I think the way forward is just for Non-Amex spend, but if it's only for 1 year i'm not sure if it's worth it for the hassle involved given that spend is relatively low for me.

Didn't realise it was only for 1 year. So absolutely zero reason to bother with this for Amex users.

Russinating · 7 Oct 2021 at 10:27

Ah, just came in here and was going to ask if anybody is using Chase but see it's already being discussed! And as above, I've just set up an account, but I do all my spending on credit cards anyway so wondering if I'll even bother.

They should offer a Business Current Account as well, that'd peak my interest since loads of payments are made on debit/via BACS etc.

englishpremier · 7 Oct 2021 at 13:52

Russinating said:
They should offer a Business Current Account as well, that'd peak my interest since loads of payments are made on debit/via BACS etc.

BACS is basically a money transfer though to you wouldn't get cashback on that. I believe CashPlus and Santander both offer business accounts with cashback. 1% with CashPlus and £300 max with Santander. The former costs about £80 a year plus other charges. The latter about £96 a year plus charges.

Deleted member 77746 · 7 Oct 2021 at 15:00

There's a new one out called chase. Might be worth a look at.

robfosters · 7 Oct 2021 at 15:02

Monzo flex started today

LiE · 7 Oct 2021 at 15:04

robfosters said:
Monzo flex started today

It's a good idea, shame it's not 4 months like PayPal.

Psycho Sonny · 7 Oct 2021 at 15:07

robfosters said:
Monzo flex started today

Great. Good to see more noobs building up credit availability and they will complain when they get caught short and with the current inflation interest rates are about to go through the roof. 1 in 3 Americans has already defaulted over the last year on buy now pay later deals. We will see something similar here no doubt with furlough ending a week or so ago. Keep buying stuff on credit noobs.

FYI I use credit myself but I always put the money to pay it off aside or I know for sure I will have it when it needs paid.

robfosters · 7 Oct 2021 at 15:11

Psycho Sonny said:
Great. Good to see more noobs building up credit availability and they will complain when they get caught short and with the current inflation interest rates are about to go through the roof. 1 in 3 Americans has already defaulted over the last year on buy now pay later deals. We will see something similar here no doubt with furlough ending a week or so ago. Keep buying stuff on credit noobs.

FYI I use credit myself but I always put the money to pay it off aside or I know for sure I will have it when it needs paid.

That’s their fault. Why should responsibly people suffer from lack of products because some can’t manage their finances.

Psycho Sonny · 7 Oct 2021 at 15:12

robfosters said:
That’s their fault. Why should responsibly people suffer from lack of products because some can’t manage their finances.

They shouldn't problem is those people ruin it for the rest of us.

robfosters · 7 Oct 2021 at 15:13

LiE said:
It's a good idea, shame it's not 4 months like PayPal.

You can pay up to 12 instalments, but there is interest from the 4th month onwards. 19% is still around the same as an everyday credit card, so not extortionate.