Curve Review (November 2021): Is It The Solution?

curve review

When you review as many cards as I have over time, the ever-growing mountain of plastic begins to bother you.

Now although it may not be for the same reasons, I’m sure I’m not alone in having multiple cards.

When you already have a few, it’s not hard to see yourself outgrowing your wallet or purse down the line.

Thankfully, there is one company trying to tackle this problem that goes by the name of Curve.

But just how effective is Curve at tackling the issue?

The answer to this question and more can be found in this Curve review I’ve created for you today.

So without any further ado, let’s get started.

What Is a Curve Card?

Curve is a MasterCard that allows you to connect all of your other existing cards, meaning you can operate them all from one place.

Here’s a brief overview of what Curve has to offer.

The card was created by the serial entrepreneur, Shachar Bialick in 2015.

His main aim was to create a simpler and smarter way to manage financial life.

Curve would release its beta version in 2016 and would make improvements until its finalised version in 2018.

It was initially brought out in Ireland and then released in the Uk shortly after.

According to this article by Forbes, the company planned to expand into the US shortly after reaching 300,000 users in Europe.

Unfortunately, progression into the US would be stunted by a difficult relationship with American Express.

Aside from this shortcoming, expansion in Europe has been successful and users have been rising healthily over the past few years.

How Does A Curve Card Work?

Curve works via an app, much like many of the ‘new school’ banks/cards that I’ve reviewed in a past.

That means the majority of actions can be done at the touch of a button which as you can imagine is very handy.

Curve doesn’t provide the typical functions of any other bank/card itself because it doesn’t need to.

What I mean by this is functions such as standing orders, direct debits and standing orders can be set up through your linked bank accounts.

I’ll expand on the ins and outs of Curve over the course of the next two sections.

Sign Up Process

(Note: If you have already signed up, you can skip this part of the Curve review)

First off you’re going to need to download the Curve app.

You can do so via the App/Play store depending on your device type.

This example will be done using an IOS device.

Head over to the AppStore and search for ‘Curve’.

Downloading curve on appstore

 

Wait for it to download and press the icon.

You’ll have the option to create an account straight away which we are going to go ahead and do.

 

getting started with Curve

 

Enter your email and you’ll have the option to be set a ‘magic link’ or to set up a password manually.

 

logging into curve via email confirmation

 

From here all you need to do is fill out some basic information, including verifying your phone number and you’re good to go.

You’ll then be asked to choose a curve card that best suits you.

 

choosing the right curve card for you

 

After choosing you then have the option to start linking your cards to Curve which you can do via your camera.

 

adding your first card to the app

 

Curve will then verify that the card is yours.

Once that’s all completed you can start to use Curve’s virtual card by adding it to your apple wallet.

 

adding the card to apple wallet

 

To get a psychical card you’ll need to pay for its delivery, much like Monese.

It’s at this point you’ll now have access to Curve’s interface meaning you have successfully set up an account.

From here we can now move onto the interesting features that curve provides.

Features

(Note: All of these features come as standard and don’t require an upgraded plan)

Next up is perhaps the most interesting portion of this Curve review.

‘New school’ companies such as Curve, aside from its primary feature of connecting cards, provide many tools to compete against other cards.

Such tools give you more control over your finances in general, helping develop your money management skills amongst other things.

Let’s take a look at each one in more detail next in this Curve review and you’ll understand what I mean.

Overseas

Curve is great overseas because not only are there no transaction fees for the card, but for any other card you use through Curve.

That even applies to the card that would otherwise normally have a fee, how cool is that?

It’s fair to say that you’ll have no troubles with this card overseas and should be taken advantage of when on holiday.

Instant Notifications

You can get real-time notifications on your phone whenever you use your Curve card.

As you can imagine this is handy for a whole host of reasons including money management and identifying fraud.

It’s a simple feature but a useful one that even traditional banks haven’t adopted.

Curve Send

Curve send lets you send money from any of your payment cards on your account to your friends and family.

You can send up to £500 a day in any currency and Curve promises to take care of any FX charges that you may incur (Blue card limited to £500).

It should be noted however that money can only be sent to another Curve cardholder.

To use Curve send all you need to do is head over to the ‘send’ section on the dashboard.

 

sending money via curve send

 

Choose a contact and a title (I.e electricity bill).

Then you can enter the amount, choose the card and send it, just like that!

 

confirming and paying

 

Cashback

With Curve you’re able to earn 1% cashback from a whole host of retailers including Tesco, ASOS and Uber.

Curve promises to give you 1% cashback on top of the card you’re using through them too!

It should be noted that restrictions do apply and you can find more information on this under the section ‘Card Versions’.

Loyalty Cards

Just when you thought curve couldn’t get any more in-house, you have the option to link your loyalty cards.

When you do so you’ll be able to use them at any time just like your other cards.

Curve can currently integrate cards from the likes Tesco, Costa, Boots and much more.

To do this, switch over to the loyalty option on the main screen and add a card of your choice.

 

loyalty card options with curve

Lock You Card

If you ever lose your card or misplace it, you can simply log into the app and lock your card.

To do this all you need to do is move along to the ‘account’ section and press the slider.

 

locking the card

 

This feature potentially saves lengthy and boring phone conversations with your card provider.

Back In Time

Having many linked cards presents a potential problem, paying with the wrong card.

Going ‘back in time’ on the Curve app allows you to switch cards you purchased something on up to 2 weeks (£1000 and below).

Now, this is a feature that as far as I’m aware is completely exclusive to Curve.

A very innovative solution to a genuine problem.

Categorisation

Much like other challenger cards, Curve offers a categorisation option for your money.

This gives you more freedom with your finances and promotes better management overall.

Unlike challenger banks such as Monzo who use a pot system, Curve categorises your money using different colours.

Pay Bills

You can pay Uk taxes and/or credit card bills with another card when you turn on Curve fronted.

There is a 1.5% fee per transaction for Blue and black Curve cardholders (more on this later) but only applies when you use curve fronted.

To turn it on, head over to ‘profile’.

how to access your profile

 

Scroll down and you’ll find ‘Curve fronted’.

Spending Timeline

Your spending timeline on the curve interface documents what goes in and out of your account each day.

In a clean and clear interface, you can see what you’ve been up to with your Curve account.

Contactless Functionality

In today’s market, this is considered to be a standard feature but it’s always useful to know.

The increase in the contactless limit (£45 in the UK) means you can buy more without the need for a pin- a feature that was important in the pandemic.

Is Curve Safe?

Curve is regulated by the Financial Conduct Authority (FCA) via a representative firm.

The goals of the FCA are to:

  • Safeguard customers
  • Enhance the integrity of the Uk financial system
  • Promote healthy competition to improve public service

That means your details and private information is safe and secure.

Unlike most cards/banks, Curve is not protected by the Financial Services Compensation Scheme (FSCS).

The scheme is designed to protect customer’s money (up to £85,000) if for any reason the company was to go bust.

Curve is not eligible since your Curve balance is classed as e-money, which doesn’t fit the criteria for protection.

It should be noted, however, Curve’s balance is kept separate from the customer’s funds- this is known as safeguarding.

(Note: Curve is not protected by section 75 of the Credit Consumer Act)

Curve Card Versions

Much like Revolut, Curve offers 3 different cards.

Here’s a breakdown of what’s included in each one so you can determine which better suits you.

 Curve BlueCurve BlackCurve Metal
CostFree£9.99/Month14.99/Month
FX rates£500/MonthUnlimitedUnlimited
Overseas Spending£200/Month£400/Month£600/Month
Cashback1% - 3 retailers for 90 days1% - 3 retailers for unlimited time1% - 6 retailers for unlimited time
Contactless FunctionailtyIncludedIncludedIncluded
Curve ProtectionUpto £100,000Upto £100,000Upto £100,000
InsuranceN/ATravel Insurance IncludedTravel, phone and rental car insurance included
Spending Limits£200 withdrawal/Day, £2000/Day, £500/Month & 10,000/Year *£1,000 withdrawal/Day, £3,750/Day, £20,000/Month & £50,00/Year£1,000 withdrawal/Day, £3,750/Day, £20,000/Month & £50,00/Year
Subscription period00Minimum of 6 months

*In relation to blue cardholders, you may be subject to lesser limits initially depending on certain criteria

As you can see the quite a difference between the perks of each card.

Ultimately it would be your decision but I hope this side-by-side comparison makes analysing their perks easier.

Curve Card Reviews

As with all my reviews, I like to include other opinions/experiences to arrive at a more well-rounded conclusion.

This Curve review is no exception.

On Trustpilot, Curve has an overall rating of 4.1 out of 5 from over 4,000+ reviews.

72% of those Curve reviews were 5 stars.

FAQS

How Do You Cancel Your Curve Card?

To cancel your curve account you’ll need to contact Curve directly- all they’ll ask is the reason why you are choosing to cancel.

How Long Does It Take To Get A Curve Card?

After you’ve signed up it should take a few days to come via the post.

Is Curve Safe To Use?

Yes- Curve is safe to use as they are regulated by the FCA via an appointed representative.

What Is The Company Curve?

Curve connects your bank accounts together to allow you to spend money all via your one Curve card.

What Is Curve Wallet?

Curve allows you to spend money from your different cards all via your Curve card- essentially eliminating the need for a wallet.

How Much Do You Have To Pay For Curve?

Curve is free but they do have monthly subscription cards too with more features/perks.

Can You Withdraw Curve Cash?

No- Curve cash is not redeemable for actual cash so you cannot withdraw it.

Conclusion Of This Curve Review

Now this curve review is drawing to a close I hope you have a clearer picture in your mind about the product/service they provide.

It’s undeniable that the overall concept of Curve is simple but genius and a sentiment shared by all customers (regardless of experience).

Curve does its best to solve an ever-growing problem (literally) and for that it deserves props.

Having said that, innovative ideas are great but it’s the execution that really separates successful companies from the rest.

My 2 cents on this is that Curve is practically there- needing only some optimisation of their features.

If it was me, I would feel inclined to take another primary card alongside my curve card, just to be safe from possible transaction issues.

Whether or not you think this defeats the whole purpose of having Curve will ultimately lead you to whether or not it’s for you.

I hope you enjoyed this Curve review as much as I have researching for it.

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As always be sure to leave a comment as I’d love to hear your take on this Curve review and whether or not it’s worth having.