offering local/niche places
Yes, the locations are very niche but definitely on the verge of “cool niche places you can visit this month”.
- Crust Bros
- Sofar (concerts etc)
- Lina Stores
- Mr Ji
- The Shed
- The Water House Project
I quite like it as a young person in London who enjoys going to trendy places, they can’t grow this way in my opinion but they are only like a year old
What kind of credit limits are they giving out, do you know?
Very high. Much higher than my Amex
So this is a card for people who are desperate for a card and have a poor credit score why else would a representative APR be so high, all I can see is they’re taking on high risk customers
Amex Gold has 60% APR, and the APR doesn’t matter as I pay it off each month A lot of reward cards have very high APRs. Nothing unusual here
Also, what does the highlighted bit mean?
The points system is a bit weird. You can spend 1000 points at X place, and that 1000 points is “meal for 2 people” for example. You can also spend 500 points and just get a meal for 1. It’s like if Amex said “you can only redeem X points for this, and those X points will allow you at maximum to get a meal for 2 people”
really interesting in how you found it.
I am quite active in the UK FinTech scheme for obvious reasons An Alumnaut (ex-monzonaut) now works there and told me about it
Something to note is that they are only a year old, and they’ve been in beta for around 1 or 2 weeks now? Imagine Monzo back in 2015/16 – super early stage, so a lot of things won’t scale or make much sense outside of their target market.
Edit they launched in beta last week.