Cash Withdrawal up to £200

[jase]

Hi @Martin - in post below you mentioned

@Martin

remember you can get up to £200/month with no charges no interest

I genuinely didn’t know about this and it’s brilliant. However it’s not listed in my credit agreement, in particular under the fees section (unless I am missing it somewhere).

Can I also confirm, you won’t report cash withdrawals of up to £200 a month to the CRA e.g Experian?

PIN change failed

Hi all, Jase is right, if you changed the PIN within the app (which we will support shortly, its being worked on) you’ll need to go to an ATM, login with the NEW PIN (you dont need to remember the old one), and do a transaction: a simple balance inquiry or cash withdrawal would do (remember you can get up to £200/month with no charges no interest). That will update the physical chip on your card with the new PIN you entered in the app. Offline transactions (ie. devices not connected to the Vis…

[Martin]

Correct, we are not reporting to Experian (or any other CRA) the cash advance activity. The reason is now we keep it to a small amount with the aim of helping customers deal with emergency needs for cash. We are monitoring how people use it, and if they find it valuable.

Given that is experimental, we have not included it in the contract yet, it is advertised in our website and the plan is to keep offering it indefinitely if people use it wisely and is valuable.

Martin

[jase]

That sucks brilliant Martin, thank you. This feature I genuinely didn’t know about and I think it will do exactly as you hope, fluctuate opportunity for those needing cash in small quantities.

I was unfortunate / lucky enough in the early days of Curve testing to trigger their fraud systems due to cash recycling. I was basically taking out £200 a week via my credit card to earn air miles, stick it in a bank, and pay the bill in full with the cash.

I won’t be doing that again.