Why you need Curve and how to get it now

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

dance

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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.

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:

Does Curve work with absolutely any other Mastercard or Visa?

It should support any debit or credit MasterCard and Visa. Only some prepaid cards are supported (like e.g. Revolut), however.

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@tkrunning This may be a silly follow up question. Or to any other members who may know.

So any Mastercard or visa? Does this apply to all international Mastercards or visas?

Such as, ones from UAE / Dubai, Hong Kong or the likes or Malaysia for example?

After reading your article, I am very interested in giving them a go!

@ualo From my experience, every debit and credit card (Visa or Mastercard) I’ve added has worked. This includes all my debit card and credit cards from Europe, the US, and Canada.

However, it’s important to know that Curve can only charge your cards in a supported currency. Since the currencies for the UAE and Malaysia are not supported by Curve, they could only be charged in the supported currencies (e.g. EUR, GBP, HKD, etc).

Since HKD is a supported currency, you can add a card from Hong Kong and choose HKD as the currency Curve charges, avoiding any extra conversion charges. However, for cards in currencies that are not supported, it might not be worth it using it with Curve if the card has conversion charges.

With prepaid cards, Curve seems to be a little more selective. I tried adding an Irish and French prepaid card and it didn’t work. I messaged Curve about it and they said they will consider adding them. I had no issues adding my Revolut and BNext prepaid card.

@louisz

Thank you for the information and reply. The link on the currencies, is especially good. Makes sense. I’ll just try out the basic free card and see from there :slight_smile:

I have a GBP Card and a HKD card… UAE and Malaysia are definitely out for now.

I love all these new alternatives that are coming out now. I have N26 and am so happy about it, I don’t think I need anything else - but let’s see - I’m following the development of it all. Thanks for sharing - great article :slight_smile:

Maybe I missed this, but what countries are eligible for Curve, and how does the app determine that when you sign up? From the address you enter there - as in, you can get the card if you’re not an EEA resident, but just have an address there?

Also, what other KYC requirements do they have? Any documents you need to submit?