September 22, 2019 News Magazine

Curve, the all-your-cards-in-one banking app, introduces 1% instant cashback with Curve Cash

Curve, the London fintech that now describes itself an “over-the-top banking platform,” is unveiling a re-vamped cashback feature in a bid to draw in more customers for the premium versions of its Curve card. The company lets you consolidate all of your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits.

With the new Curve Cash programme, customers get 1% instant cashback on top of any existing rewards cards that they have plugged into the app, potentially earning customers double rewards on purchases. You simply pick from the list of retailers supported for cashback — you are allowed to choose between 3 and 6 retailers, depending on which Curve plan you are on — and then get 1% cashback for an purchases made at those stores.

The list of supported retailers spans over 60 top brands including most notably Amazon, Apple, Sainsbury’s, Waitrose, TFL, Uber, Gett, Spotify, and Netflix. There is no doubt that is a better choice of brands than many existing cashback schemes, and could go someway to softening the blow of losing Amex support for the second time earlier this year.

However, while the revamped cashback offering is available across all Curve products, the free version of Curve offers cashack for only the first 90 days. Otherwise Curve Metal customers will earn 1% instant cashback on purchases at six retailers at a time, and can receive Curve Cash for an unlimited period; Curve Black customers will be able to choose three retailers at a time, and can also receive Curve Cash for an unlimited period; Curve Blue customers will be able to choose three retailers at a time for an introductory 90 days.

Noteworthy is that Curve’s cashback is being powered in three ways: like many other cards or fintechs offering cashback, the London startup is partnering with a number of rewards providers to support many of the retailers in its Curve Cash programme. Others are offered via direct partnerships it has negotiated. I also understand from my own sources that cashback at some retailers — such as Amazon where Curve doesn’t have any kind of formal partnership — are being cross subsidised from revenue Curve is generating elsewhere.

Meanwhile, the new Curve Cash follows the launch of Curve Customer Protection in February, which attempts to address one of the criticisms of using Curve in relation to losing additional consumer protections typically offered by credit cards you plug into the app. Curve says it now provides faster purchase protection on eligible purchases of up to £100,000 made with any Curve card.

Along with cashback, other Curve features include fee-free spending abroad, and “Go Back in Time,” which lets you retroactively switch the card you used to pay up to 14-days after a purchase.


Source: TechCrunch

Tags: in Uncategorized
Banner
Related Posts

Turns out the science saying screen time is bad isn’t science

January 15, 2019

January 15, 2019

A new study is making waves in the worlds of tech and psychology by questioning the basis of thousands of...

YouTube will “ramp up” enforcement of its policies against dangerous challenges and pranks

January 16, 2019

January 16, 2019

YouTube announced several policy updates today, including more stringent enforcement of its ban on videos of dangerous challenges and pranks....

Acer announces a $14,000 gaming chair because why not

September 4, 2019

September 4, 2019

This isn’t a chair. This is a rig. It’s a throne. It’s gaming monster. The Acer Predator Thronos Air Gaming...

Weather and climate-related disasters cost the US $80 billion in 2018, but go ahead and say climate change isn’t real

February 6, 2019

February 6, 2019

Weather and climate-related disasters cost the U.S. economy $80 billion last year — and have hit the nation’s bottom line...

Grocery delivery startup Honestbee is running out of money and trying to sell

April 26, 2019

April 26, 2019

Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The...

Cathay Capital and AfricInvest to raise $168M Africa VC fund

April 10, 2019

April 10, 2019

Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in...

Using full-body MRIs, Ezra can now detect 11 cancers in men and 13 in women

May 23, 2019

May 23, 2019

When Ezra first launched about six months ago, the company was using magnetic resonance imaging machines to test for prostate...

Daily Crunch: Reddit quarantines Trump-focused community

June 27, 2019

June 27, 2019

It’s NEWSLETTER TIME get pumped! I know I am – it’s my first Daily Crunch in over a year. That’s...

Sphero has acquired LittleBits

August 23, 2019

August 23, 2019

Sphero and Little Bits have long been kindred spirits in the world of entertaining STEM toys, and soon they’ll be...

How startups can make influencer marketing work on a budget

June 28, 2019

June 28, 2019

Ishveen Anand Contributor Ishveen is the CEO+Founder of OpenSponsorship.com, a marketplace she founded after her experiences being a successful sports...

Twitter acquihires highlight sharing app Highly

April 17, 2019

April 17, 2019

Quotes from articles work much better than links on Twitter, so the social giant is scooping up the team behind...

Spotify, eBay set standard for fertility benefits, study finds

February 4, 2019

February 4, 2019

The technology sector awards women and same-sex couples the most comprehensive fertility benefit packages, according to a survey by FertilityIQ, an online...

What to expect from Apple’s WWDC 2019

May 30, 2019

May 30, 2019

Last year’s WWDC was a rare step away from hardware for the company, without a single device announcement. In fact,...

Google’s Flutter toolkit will get web-based dev tooling

February 26, 2019

February 26, 2019

Google today launched version 1.2 of its Flutter cross-platform UI framework at MWC Barcelona. With this, Flutter now features support...

Apple’s new A13 chip is faster according to charts with no numbers

September 10, 2019

September 10, 2019

Apple is announcing new iPhone models today. The iPhone 11 uses an Apple A13 Bionic system-on-a-chip. It is faster than...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *