Why you need Curve and how to get it now

(Thomas K. Running) #1

Get £5 by using the code NOMAD when signing up for Curve

This is a companion discussion topic for the original entry at https://nomadgate.com/get-curve/

(Jake) #2

Nice article @tkrunning! I just signed up for a Curve Black card :partying_face:


(Ian Gibson) #3

But due to how Curve works, even ATM withdrawals with your Curve card will look like online transactions to your bank or credit card issuer, so they won’t apply any fees!

This is no longer true.

(Thomas K. Running) #4

You’re right Ian, to a certain extent. Curve recently launched their Dynamic MCC system (which I’ve now updated the article to reflect), which passes along more information to your bank or CC issuer. Depending on how your bank codes the transaction, they might add their regular ATM or cash advance fees.

EDIT: Actually, it seems many credit card issuers actually don’t charge you for ATM withdrawals through Curve, even after the changes went live. Below is the data I’ve been able to gather so far.

List of banks NOT charging ATM/cash advance fees:

  • N26 (EU), withdrawals are coded as Insurances & Finances, not ATM.
  • Chase Sapphire Reserve (US), withdrawals are coded as Uncategorized, no cash advance fee/interest added, earns points (1x)
  • Barclaycard Arrival Plus (US), coded as POI Funding Transaction, no fees/interest charged, earning points (2x)
  • HSBC credit card (UK), according to HFP reader
  • Creation credit cards (UK), according to HFP

In addition, it’s still useful for banks who only charge for ATM withdrawals in other currencies or outside Europe (e.g. ActivoBank).

List of banks charging such fees:

  • Tesco Bank Credit Card (UK) charging 2.95% cash advance fee, according to HFP reader

Please respond if you have additional data points. :bowing_man: