JAJA Discussion

Financial Chat Fintech Chat
898

(First off, sorry to all! I didn’t mean to hijack a Jaja discussion to talk about Tymit. I just posted an alternative to someone who has a less favourable view.)

I don’t know what happens if you try to pay a transaction flagged for instalments. I think I read a complaint somewhere that once you had opted for instalments you were committed.Haven’t tried, so I am not sure.

I guess you could end up with lots and lots of balances with different withdrawal periods, but that would be your own doing.

It is a different concept and guess it has two uses - a charge card and a mini-loan feature. You lose a bit of credit card flexibility for a lower than average (though not market-beating) interest rate. For some people the fact that it forces you to actively choose to extend payment on a transaction rather than just make a partial payment on a credit card will be a good discipline, perhaps.

2 Likes
899

Today I went from #378 to #262 :thinking:

900

I went up (or is it down) about 110 places too. I wil probably get an invite from Jaja and Tymit at the same time then have a decision to make which way to go.

901

I got my invite! :tada: although looking at their initial eligibility criteria I’m probably not going to be accepted to actually receive a card.

902

What is their eligibility criteria?

903

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My salary hasn’t quite hit that threshold yet :sweat_smile:

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904

40k. Wow that’s high especially for those outside London. I think the national average salary is about 36k approx

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905

The threshold is quite high I’m not surprised I didn’t get accepted when I was invited :rofl:.

906

40k is going to severely limit their market.

:thinking: :thinking: :thinking:

907

I’m sure they didn’t say that when I applied

Makes sense now why they turned me down with no credit check on my credit report

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908

Likewise same boat it wasn’t mentioned for me either just instant decline excuse the pun either way I tried but to no avail so I’ll just leave it there.

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909

I’m pretty sure that eligibility criteria is wrong

910

It’s on their website, which the invite email linked to :man_shrugging:

I’m going to apply anyway. But tbh, I probably won’t get accepted either way due to my current credit situation.

911

That must of changed because I got a Jaja card and I’m earning less than 40k

912

I got accepted and definitely don’t earn anywhere near that

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913

Has anyone who received their invite yesterday had any follow up from Jaja? I filled in their eligibility survey (and I seem to be eligible) but I’ve not received a link to download the app yet.

914

I got the invite yesterday, and got the TestFlight notification today. Completed my application through the app and was approved. Credit limit is very low by the standards of my other cards and my monthly usage, so it won’t be terrifically useful at this stage (I’ve got a week’s holiday booked in the US in April and the credit limit won’t cover the week’s hotel, let alone any incidental costs). So I think Tymit will be my main travel card at this stage, but I’ll try to use Jaja from time to time to increase the credit limit, as the app looks better at a very first glance.

915

Now I’m #142 :open_mouth:

916

Well, I got the app, started going through the application and as soon as I entered my salary it said that I didn’t meet their criteria.

917

How do you know??? I have a “You’re one step closer to Jaja” email, but I don’t see anything in it to tell me where I am in the queue.