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https://ibsintelligence.com/ibsi-news/lloyds-to-acquire-curve-in-161-2m-digital-wallet-deal/
Curve will be acquired by end of Sept
Sad times, ever since they introduced the new plans (particularly the ex-Europe cashback) it’s been a genuinely useful product for me.
😞
😞 Indeed, just before my next big holiday!
What are the chances that Lloyds will operate Curve with the same gay abandon they applied to their now-defunct avios credit cards?
*I love the mention of Lord Stanley Fink, he sounds like a creation of P. G. Wodehouse!
Very sad news. I wonder how long it takes Lloyds to close down all the opportunities. Meanwhile, back to milking them…
This article looks like AI spam to me, with AI rewriting the Sky News article. Nothing new here. You need to be more awake to this stuff – there are many flags in this piece.
Phew! Curve lives on 😃…for now.
Thanks Rob, we aren’t all writering prefessianals.
This article looks like AI spam to me, with AI rewriting the Sky News article. Nothing new here. You need to be more awake to this stuff – there are many flags in this piece.
Quite scary really! I don’t believe there has actually been any formal or regulatory announcement by either party.
@NorthernLass – Stanley Fink is a very highly regarded City grandee and philanthropist! AI also hasn’t worked out how peers are correctly styled.I think it reasonable to assume that if or when a major UK bank confirms a deal to buy a UK Fintech that it would be well covered on this side of the pond, not just on a US site.
Scary. I’ll be more aware it future. At least I’ve not sent over £1m to some prince in Nigeria…
When did curve reduce ATM withdrawal limit for metal card to £500 per month.
Recall it was higher earlier.When did curve reduce ATM withdrawal limit for metal card to £500 per month.
Recall it was higher earlier.They haven’t.
What’s your source?
When did curve reduce ATM withdrawal limit for metal card to £500 per month.
Recall it was higher earlier.They haven’t.
What’s your source?
£ 500/day
£ 3,000/month in my app… which should be more than enough for anyone I’d have thought.
Same limits on basic card, not really sure why anyone would want more? Even if it was £10k a day I wouldn’t bother as the risk of having it nicked is higher than any points one may earn.
On the other hand – Curve is still offering £50 for friends recommendation and if the “deal is done” I wouldn’t expect them to waste money in such way.
Do people seriously take out £3k a month in cash and pay it straight back in just to get a few extra points. Easy to see why these things don’t last.
Do people seriously take out £3k a month in cash and pay it straight back in just to get a few extra points. Easy to see why these things don’t last.
Well it’s like a prisoners’ dilemma. If you want it to last then nobody can do it, but if someone is going to do it anyway, that person might as well be you
Do people seriously take out £3k a month in cash and pay it straight back in just to get a few extra points. Easy to see why these things don’t last.
Only if you’re daft and don’t read the terms properly! £3K is the overall ATM limit, but each Curve plan has different fee free limits ranging from £0 – £1000 per month, above which you pay a 2% fee. Not much point paying 2% cash to earn less than 2% back in points.
Do people seriously take out £3k a month in cash and pay it straight back in just to get a few extra points. Easy to see why these things don’t last.
Yes, it’s all too often that good deals or products come to an end because people don’t act reasonably.
In the case of the £3k/month referenced, it’s not just Curve limits that are in issue, but these sort of circular transactions raise all sorts of red flags.
Do people seriously take out £3k a month in cash and pay it straight back in just to get a few extra points. Easy to see why these things don’t last.
Before the last changes on the limits (when free Curve stopped to have free ATM withdrawals, e.g.), none of the max free ATM limits were enforced. So you could withdraw much more than £3k a month for free if your overall ATM limit was higher than that, even if your supposed free limit was much lower. It was fun to learn which ATM around here had higher per-transaction-limits (max I found was £800). Lady at the post office was nice for the deposits.
This lasted for several years, so we could have nice things for a long while.Most banks would ask questions if you are depositing multiple thousands a month, unless you are running a hairdressing salon… I for one don’t want that level of scrutiny into my financial affairs even from the bank, never mind HMRC or the police. Points aren’t worth that.
r one don’t want that level of scrutiny into my financial affairs even from the bank, never mind HMRC or the police. Points aren’t worth that.
Not even mentioning the risk of carrying daily a lot of cash between ATM and bank/post office, time it takes or even chances that instead of £800 cashpoint gives you £780 🙂
I guess for a one-off to hit the few £k bonus, maybe.. but as a long game, no.Don’t you guys have more than one current account? Up to £10k cash deposits per year per institution should not be a problem. Withdraw and deposit at the same ATM takes a couple of minutes.
I only do £1k per month though as that’s the fee free limit for metal.
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