But I assume this also still applies?
Yes, it does.
@Curve_Marie, why does it apply to commercial cards issued before 25th November 2019?
The timeline refers to when you signed up with Curve. It’s not about when the card was issued.
@Curve_Marie, given that caps on interchange fees under Regulation (EU) 2015/751 do not apply to Curve commercial cards, and that Curve therefore already makes a significant profit on Curve commercial cards’ transactions, please could you explain why Curve intends to impose the 1.5% fee on Curve commercial cards, particularly for existing commercial customers?
Of course, if Curve imposes the new 1.5% fee on consumer cards and not on commercial cards, then many Curve consumer card holders will simply switch to commercial cards without having a genuine business to justify having a commercial card, which could put Curve in breach of MasterCard rules. The easy way for Curve to deal with this is to permanently exempt all Curve commercial customers existing before 25th November 2019 from the 1.5% fee. Then Curve will not alienate its oldest customers, all of whom had commercial cards when Curve launched in early 2016.
So I will clarify my question - why does Curve therefore not exempt from the new 1.5% fee all Curve commercial customers who signed up before 25th November 2019?
The DVLA takes credit cards (personal) dont they?
No, you do not need a business to have a commercial card. As an example N26 provides a business card for freelancers and they explicitly say it’s not intended for businesses and have explained that it’s fully within the rules
According to them there’s nothing MasterCard says forbidding the issuing of commercial cards to just about anyone though personal and commercial cards are intended for different market segments
A freelancer is a business, or in other words a professional user. A business does not need to be incorporated as a company. In the early days when Curve issued only commercial cards, Curve once challenged me to prove that some of my large transactions were genuinely for business purposes, because I had charged them to personal credit cards. Although I satisfied Curve when challenged, Curve would not have challenged me if there was not some problem using commercial cards for personal expenditure.
According to N26 MasterCard imposed no such obligation to not use commercial cards for personal use
@Curve_Marie Can you please tell me why the DVLA is being included when they take personal credit cards?
Does the communication about the 1.5% charge conform to FCA rules?
Also is it even legal under UK and EU law to do this?
It’s now been over a month. When can we expect a response to these points?
It doesn’t look like Curve are going to do any more than clarify the terms of this very bad idea™ here on the forum. I’m drafting a letter of complaint (to go on an actual piece of paper) to send to Shachar Bialick asking him personally to reconsider this vey bad idea™.
Unlike a post on a forum, Curve is legally required to respond to these complaints so at least we’ll hear something back rather than being ignored. Good points have been raised by long-standing Curve users and they deserve a response.
I’ll certainly give up my commercial card (if not Curve altogether) if they don’t move on this. PM me if you’d like to look at my letter / would consider sending your own and/or would let me add your name/email to mine - multiple users complaining will of course give the complaint more weight.
Thank you for taking the time to do this.
I’d be grateful if you would consider adding the following to your letter:
I originally mentioned this briefly in post 141 but I don’t think Curve’s communication does.
Curve’s email said
Changes to privacy?
Specifically, I don’t believe the above notification complies with the Guidelines on Transparency under Regulation 2016/679 which regulators including the ICO use to confirm whether firms are complying with the requirements of the GDPR to inform consumers of changes - including that changes such as Curve plan - must be communicated in a way that is easily accessible and easy to understand using clear and plain language.
“the method used to bring the changes to the data subject’s attention should be explicit and effective” (i.e. not hidden at the bottom of a longer email with no link to the old or new policy + having removed the old policy - making comparisons impossible - and not supplying any specific information on the changes themselves )
Language qualifiers such as “may”, “might”, “some”, “often” and “possible” should be
avoided in privacy policies;
Over 5,000 of you have made multiple HMRC payments using Curve with an average spend of over £6,000 - that’s a lot of taxes!
Would be useful to know how many customers made only one payment.
Did you hear anything on this in the end?
Don’t forget the curve card limits I paid half of my tax bill today the rest tomorrow
According to this Head for Points article yesterday, HMRC accepts the Cornèrcard Miles & More MasterCard as a debit card, because it is prepaid, even though it’s on an airmiles-earning charge card account. Therefore where this is an underlying card for Curve, is Curve not applying its new 1.5% fee for HMRC debit-fronted credit with effect from today?
I believe they are charging after 31st January so time to get this tax bill sorted.
I upgraded to metal to avoid the charge as the metal fee is way less than the charge for paying tax this way