JAJA Discussion

Isn’t this the “Monzo” of credit cards? Haven’t people been asking for that?

Unless you are taking advantage of the points/cash back of a credit card, there is little point to them (outside of the section 75 protection etc).

But for those who are using a bog standard credit card (no benefits etc), this looks like a more up to date offering (like Monzo is an up to date offering over a high street bank).

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I thought this exactly. Not sure why everyone is hating it so much when it has exactly the same great selling points as Monzo, but is a credit card

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It’s not that I’m hating on it I just don’t think it meets my needs for a credit card.

I’m hating on it. Their tag line is ‘JaJa your life’ :persevere:

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Yeah the name is a bit odd. But is it Jarjar, yaryar, jaja, or Yaya?? (Haven’t seen any of the videos yet)

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Of course, the same can be said of Monzo

Its pronounced Yaya

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I like the fact it’s VISA credit as someone said. As someone who’s gone full Monzo and closed my legacy bank account it’s nice to have in case of a MasterCard outage.

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Exactly, I’m wondering how they’re planning to make money. So far all the credit cards give away free stuff and hope to get back their money if you make a mistake (often from the less fortunate and/or financially savvy).

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Just watched the slightly cringy video.

Why do you need to wait days to start to buy the things you want…when you can use your YarrYarr credit card immediately.

Although I realise that’s the point of credit, I can’t help but feel like it’s promoting irresponsible spending.

Especially as they demonstrated this point with buying that essential, must have immediately, Amazon Dot.

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The “share your credit” is completely new to me, I’ve never heard of something like it before. I don’t think it’s something I am interested in but I don’t think I understand what it means yet.

Obviously they will make money from two sources: merchant fees and interest. (although with the interchange fee limited to 0.3% and Visa presumably keeping some of that …)

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Yuck on the name pronounced Yar Yar.
I like the card design, the front is quite sleek.
App looks good too. But other than that I don’t see the benefits of having this over my Amex card.

Nice to see another Visa credit card though.

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As far as benefits go… I don’t see anything being better than Amex - I use mine for everything that will take it, no matter the cost.

The only way I see JAJA fitting in, is for the few places that don’t take Amex, that I currently use my Monzo card for.

But then… I’m not sure I see the point for my personal situation (and yours from the sounds of it).

I do currently have a First Direct credit card which has zero purpose other than to keep my FD account free (as it has no money in it), and to have a “VISA” card in case of emergencies.

So perhaps JAJA could replace that…

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JAJA will replace my HSBC credit card, Monzo will replace my poorly performing ISA and finally I can get rid of HSBC for good :sunglasses:

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But credit cards get a greater interchange fee - they should be giving perks, not just pretty apps.

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Only by 0.1%, if I understand correctly. My understanding is the cap for debit cards is 0.2% and the cap for credit cards is 0.3%

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But they make a lot more than that because people don’t pay it off and end up pay usurious interest.

They usually offer some of that to people who manage their money.

I agree with what you are saying, but how is it different to why people use Monzo?

Monzo have no interest, and no other extra benefits on their accounts outside of a decent app and budgeting features.

The same can be said for JAJA upon initial inspection.

It may also be that their app/features mean that JAJA customers don’t pay extra fees, because they are more aware of their situation (the same benefit that many Monzo customers have said).

I still don’t see this as a primary card for someone, but it could be a decent back up for the rare times you’d need it.

But there are loads of backup cards. I want something a bit different. As far s I can tell Jaja are a credit card with Emma on top.

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Out of curiosity, what would you personally want?

For me, Amex does everything.

Quality CS
Instant Notfictions
Decent App
Fantastic benefits

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Amex works for me too.

It would need something like 1-2% cashback to get me.

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