I think Curve has integrations with accounting software, so maybe it only exports transactions market as “business” to those?
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Just a guess but maybe if you use it frequently they’ll offer you a business card? They make more from interchange on those if I remember rightly.
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They confirmed this to me recently at silicon milk roundabout
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Looks like read my question because they answered it:
http://blog.imaginecurve.com/introducing-curve-insights/
Know how much you’re spending on business expenses
When you’re spending across both personal and company cards, knowing exactly whether you made a purchase on your behalf or your company can get a little confusing. Forgetting to claim back that money can cost you time and money. Wave goodbye to those headaches
For any expenses that you mark as ‘Business’ in the Curve app, you’ll see a separate panel on your Insights tab. So you know exactly how much you’ve spent and how much to claim back; before you do the paperwork! It works great with our Xero integration.
The price goes to @anon23935806 
It’s about Xero integration!
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The price goes to @Rjevski
What did I win? Chocolates? 
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What? Is a 
not price enoug for you?
Well, here is your 
(althouhg to me it looks more like one of these at anything less than 300% zoom)
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I like magnets too so I don’t mind. 
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Just don’t try to bite off the wrong one - otherwise your dentist will celebrate instead of you …
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It looks like Tesco Bank has been considering Curve transactions as cash advances since the beginning of the month:
But have now “paused” this (See post on page 3.)
Contrary to the RBS/NatWest charges last month, this seems to have been purposefully directed towards Curve, from my reading of the thread and Tesco’s responses in it.
Interestingly, Curve also had this to say:
We will not be able to reimburse you for fees incurred, as this is coming from Tesco Bank and we cannot refund fees wrongly charged by another bank.
Source
This, again, contrasts with the RBS/NatWest case where they did refund charges imposed by RBS/NatWest.
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I’m not surprised by Tesco wanting to do this. I’ve used my Curve card at an ATM to withdraw cash from a credit card, which is a way of avoiding cash advance fees and interest.
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I love the BS excuses the Tesco people come up with to justify this, including comparing Curve to a prepaid card (but somehow another provider like Paypal doesn’t fit that description even though it works the same way as Curve by acting as an intermediary).
I mean they’re free to continue their legacy business model of charging fees here and there, but at least be honest. I’d much prefer a “we’re a legacy evil bank and we want to do this because Curve threatens our outdated business model” rather than some BS.
Agreed. It’s one of the main attractions to Curve for me: Withdraw cash from my reward credit card. By doing this I earn a few p of cashback, but more importantly I don’t need cash in my current account, thus making budgeting a lot easier.
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As a certain thread proves: This is not unique to legacy banking…
Kind of agree with the rest of your post, though, but to add that I’m curious how this will play out long term: Tesco are careful to say that they’ve “paused” this while they are “reviewing” their model. If Tesco un-pause I’d expect others to follow suit, which will certainly be a problem for Curve …
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This is not unique to legacy banking…
It kinda is IMO. Modern banking has much less overheads which means they no longer have to levy BS fees just to stay afloat.
If Tesco un-pause I’d expect others to follow suit
Not sure why; Curve has been around for a while now and nobody else has even talked about charging fees for it, so clearly every other issuer out there doesn’t care all that much about it (the “losses” made by Curve are presumably offset by the profits of those customers). I think if anyone wanted to do fees they would’ve already done so.
Maybe. But as you are most likely aware a certain non-legacy bank beginning with M is charging utterly unjustified fees themselves. I don’t want to take this discussion here, as this is covered very well in another thread, but I would just challenge the idea that only “legacy” banks charge unjustified fees, or that doing so was somehow inherent to legacy banking.
Yes, I see the point. And I don’t think it’s a given that this will continue. But I think it might well. Why now? Well, Curve hasn’t been available to the general public for that long: Originally it was business cards only. I think they’ve only been available to the general public for about half a year now. As they become more popular, and more people will inevitably use it for withdrawing cash from credit cards, there might be increasing incentives from credit card providers to add.
On the other hand, of course, there is the argument, that this provides some advantage to credit card providers: They are off the hook for section 75 (and possibly even chargebacks), and they get their interchange fees regardless. Time will tell, I guess…
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I used your referral @anon23935806 
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Referral code: UXWSM
Free £5 for both of us 
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Thanks - when was that? My last referral according to the app was on the 9th of May.
When you sign up with a code such as 5KDHQ you will get £5.00 FREE when you first use your card. Sign up at http://bit.ly/2cSm3VB
I’m using @imaginecurve! All my cards in one + a great way to save & manage money. Sign up with code KVPPY & get £5