Reply to: Cashback credit cards

[psychocandy]

In the case of curve I believe you can use the app to reconcile payees. Not used it in anger yet but as soon as I do I'll report back.

I assumed on the real CC etc it'd just say CURVE or whatever, but that curve app would show the real transactions.

Seems easier. At the moment, I have an amex and a mastercard so two jobs to do.

[eek]

With Supercard and Curve, do all the transactions show up on your real bank statements as coming from Supercard and Curve? Or do they manage to pass on the actual name of the payee for each transaction?

Could be a nightmare at reconciliation time...

In the case of curve I believe you can use the app to reconcile payees. Not used it in anger yet but as soon as I do I'll report back.

[SuperLooper]

With Supercard and Curve, do all the transactions show up on your real bank statements as coming from Supercard and Curve? Or do they manage to pass on the actual name of the payee for each transaction?

Could be a nightmare at reconciliation time...

[TheFaQQer]

OK, I get the bit about the Amex points, but apart from that, Clarity is consistently the best performer for overseas transactions - no fees on foreign transactions (apart from cash withdrawals)

Supercard doesn't charge on cash withdrawals either. Plus, points from your linked card.

[eek]

Curve = no android (yet) Bummer.

FTFY. However it's understandable as iOS is easier to support early on

[psychocandy]

Curve = no android. Bummer.

[FrontEnder]

My mistake I was talking about the curve card not clarity.

Does clarity not charge interest from day 1 for cash machine withdrawals if the account is not in credit?

It does for cash withdrawals, yes like any credit card. I usually just put a credit balance on it before I go away, but if not there's another trick.

If you make a bill payment to it shortly after aking the cash withdrawal, it should credit the account the same or next day. Credit cards must now clear the section of the debt with the highest interest rate, so the cash withdrawal will be cleared first, meaning you pay at most 1 days interest.

I only withdraw a couple hundred euro or so for when i have to use cash (i.e. bars).

[northernladuk]

We have that card and I understand they do charge interest from the moment cash is taken out like most credit cards.

I also use a Capital One Platinum Card with .5% cashback on all transactions and no FX fees (it uses the Mastercard rates). Unfortunately Capital One discontinued that cashback card several years ago but have kept it going for existing customers.

Sometimes you hit gold keeping discontinued cards. I had a MBNA one for a couple of years after it got discontinued. 20k credit, balance transfer that could be paid in to a current account, long balance transfer period and some other stuff that you just couldn't get anymore. Proper account that was. Had to close it in the end as the massive available credit affected my ability to get a mortgage at the time. Real shame. Belting card that was.

[redgiant]

Are you talking about halifax calirity credit card? There's no charge on the exchange rate, you get the mastercard rate with no fees. No cash withdrawal fee either.

Halifax | Credit Cards | Clarity Credit Card

That's what I use on holiday.

We have that card and I understand they do charge interest from the moment cash is taken out like most credit cards.

I also use a Capital One Platinum Card with .5% cashback on all transactions and no FX fees (it uses the Mastercard rates). Unfortunately Capital One discontinued that cashback card several years ago but have kept it going for existing customers.

[eek]

Are you talking about halifax calirity credit card? There's no charge on the exchange rate, you get the mastercard rate with no fees. No cash withdrawal fee either.

Halifax | Credit Cards | Clarity Credit Card

That's what I use on holiday.

My mistake I was talking about the curve card not clarity.

Does clarity not charge interest from day 1 for cash machine withdrawals if the account is not in credit?

[FrontEnder]

Clarity has a 1% surcharge on the MasterCard exchange rate. Supercard was a 0% charge on the visa exchange rate (MasterCards rates are slightly better). There probably isn't much in it but the overseas cash withdrawal fee is reason enough to get a supercard

Are you talking about halifax calirity credit card? There's no charge on the exchange rate, you get the mastercard rate with no fees. No cash withdrawal fee either.

Halifax | Credit Cards | Clarity Credit Card

That's what I use on holiday.

[eek]

OK, I get the bit about the Amex points, but apart from that, Clarity is consistently the best performer for overseas transactions - no fees on foreign transactions (apart from cash withdrawals)

Clarity has a 1% surcharge on the MasterCard exchange rate. Supercard was a 0% charge on the visa exchange rate (MasterCards rates are slightly better). There probably isn't much in it but the overseas cash withdrawal fee is reason enough to get a supercard

[WTFH]

OK, I get the bit about the Amex points, but apart from that, Clarity is consistently the best performer for overseas transactions - no fees on foreign transactions (apart from cash withdrawals)

[eek]

So, how much better than a Clarity Card is the Supercard for foreign transactions?

It's not. But we're you using a supercard and putting things on an Amex card for the points this allows you to do the same for uk transactions in £sterling.

As I think multiple people have stated above you probably want both, clarity for uk transactions and accurate recording of transactions by type (using their app). And supercard to minimize overseas transaction fees

[TheBA]

Also, section 75 does only kick in at £100 so we're not talking coffee/snacks on the train