Curve Review – Is it the best way to combine all your cards?

15 min Read Published: 21 Jul 2021

What is Curve?

Curve; the Mastercard debit card that allows you to link all of your cards, to enable you to switch between spending on them all, but from the convenience of one place. Curve describes itself as the banking version of Netflix and Spotify by combining all of your cards in one smart card. Curve was founded in the UK in 2015 by Shachar Bialick, 'a serial entrepreneur' who has won many industry awards and is regularly featured in The Sunday Times, CNN and Bloomberg.

Curve launched in beta in 2016 and by 2018 had expanded into Europe, amassing 250,000 customers who have collectively spent over £500 million using the innovative smart card. Since then Curve boasts that over 2 million people now spend with the Curve card.

It has received investments from Santander InnoVentures, Investec, Oxford Capital and Breega Capital. Other Curve investors include Taavet Hinrikus (TransferWise CEO & co-founder) and Ed Wray (Betfair co-founder).

Curve Features

  • Use your Curve card worldwide - Curve can be used anywhere that accepts a Mastercard
  • Instant alerts - get instant spending notifications
  • Spending categorisation - colour-coded categories to help you make sense of your spending
  • Go back in time - switch card purchases if you have paid on the wrong card and 'Go back in time' up to 90 days for purchases up to £5,000
  • Earn cashback - earn 1% cashback with numerous retailers (limits apply)
  • Send money to other Curve users - transfer money to another Curve user via the app
  • Pay your bills - pay bills that you wouldn't be able to with regular credit cards
  • Apple/Samsung/Google Pay - pay with Curve using your smartphone
  • Fee-free spending abroad - save up to 5% on hidden bank fees when spending abroad with Curve
  • Anti-embarrassment mode - set up a backup card that Curve will automatically use if a payment declines
  • Loyalty cards - add all of your loyalty cards such as your Tescos Clubcard to your Curve app so you don't have to carry multiple rewards cards around at any one time
  • Free ATM withdrawals abroad - withdraw up to £200 per month fee-free whilst abroad
  • Fee-free spending abroad - spend abroad up to £500 fee-free using the interbank exchange rate (a 2% fee is applied thereafter)
  • Curve customer protection - whilst Curve is not covered by the Financial Services Compensation Scheme (FSCS) Curve customers are covered up to £100,000 with Curve Customer Protection
  • Curve Fronted - make HMRC payments or pay credit card bills with another credit card within the Curve app (1.5% fee applies to Curve Blue and Black cardholders)

How does Curve work?

In order to use Curve, all you need to do is download the app via iTunes or Google Play and it is within the app where you are able to order your new card.

Once downloaded, you are asked to enter an email address where you have the option to be sent a magic link or use a password.

If you select 'Use Magic Link' and open the link via email then you will automatically be logged into the app. Upon opening, you have the opportunity to add the cards you would like to use with the Curve card. You can any Visa and Mastercard card and you can do this by simply scanning your bank card, or alternatively, entering in the card details manually.

Once you start spending, Curve has a feature that allows you to get instant notifications, and like the other mobile banks such as Revolut and Monzo, you get a categorised breakdown of your spending across all of the cards loaded onto your curve.

Curve Review
click to enlarge

How can I use Curve abroad?

Curve allows you to spend on any of your Visa or Mastercard cards whilst abroad and does not charge any additional fees for doing so. Get instant notifications in both the local currency and your usual currency when abroad so you can keep track of what you are spending whilst on the go. Curve also uses the interbank exchange rate so when you spend with Curve you avoid the unnecessary fees that banks usually charge. You can use Curve to withdraw cash at any ATM that accepts a Mastercard however limits do apply. You can find more information on Curve limits and restrictions here.

Curve Accounts

There are 3 different types of Curve cards and the benefits, features and charges are listed in the table below. For more information on the types of cards and their differences, you can find that information here.

Curve Blue Curve Black Curve Metal
Cost FREE £9.99 per month £14.99 per month
Curve Cash 1% cashback with 3 selected retailers for 90 days  1% cashback with 3 selected retailers 1% cashback with 6 selected retailers
Fee free spending abroad* Up to £500 every rolling 30 days then a 2% fee Fee-free up to £15,000 a year then a 2% fee Fee-free up to £60,000 then a 2% fee
Fee-free ATM withdrawals* Up to £200 per rolling 30 days then 2% fee or £2 whichever is higher Up to £400 per rolling 30 days then 2% fee or £2 whichever is higher Up to £600 per rolling days then 2% fee or £2 whichever is higher
Go back in time (up to 90 days, up to £5,000)
Curve customer protection (up to £100,000)
Travel Insurance tick
Phone insurance
Loungekey airport access
Rental car insurance

*If spending or withdrawing money at the weekend Curve will take the rate from the last day the market was open (usually Friday 23:59) and apply a surcharge of 0.5% for currency conversions in GBP, USD or EUR and 1.5% for any other currency.

Curve spending limits

Curve currently has limits set on how much you can spend in a day/month/year. For the average spender with a standard (free) card these shouldn't be an issue but could cause problems if you are planning to buy something expensive, e.g a holiday. 

Curve blue spending limits:

  • £200 cash withdrawal a day
  • £2,000 spending limit a day
  • £5,000 a month on a 30 day rolling basis
  • £10,000 a year on a 365 day rolling basis

Curve warns that as a new customer you may not initially qualify for the standard spending limits above. However, Curve insists its limits will increase over time 'as you cultivate a spend history with us and pass our account risk checks.'

Curve has enhanced spending limits for those with a Curve black/metal business or personal card:

  • £1,000 cash withdrawal a day
  • £3,750 a day
  • £20,000 a month on a 30 day rolling basis
  • £50,000 a year on a 365 day rolling basis

These limits slightly differ for a Curve pre-paid business customer.

A great feature that is available within the Curve app is the ability to see how you are doing with your spending against the limits set on your particular card type.

Curve Review spending limits
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Is Curve safe to use?

Curve is an appointed representative of a firm that is regulated by the Financial Conduct Authority (FCA) so your data will be protected by the security regulations in place by the FCA. It also doesn't share your bank card details with any retailers during transactions. Additionally, within the app you have the functionality to lock your card should it be lost or stolen, offering extra security.

Am I protected by section 75 with Curve?

No.

Credit card purchases are covered by section 75 of the Consumer Credit Act, giving you added protection and the ability to claim and get your money back; however, paying with Curve means that you are paying via a third party and therefore you lose those rights. If you have any concerns over a purchase, particularly higher-value purchases, it is worth purchasing directly with a credit card.

With that being said, Curve stress that consumers are protected by 'Mastercard® chargeback rights, where refunds may be provided if goods are damaged, not as described, or the merchant has ceased trading.'

Curve has also introduced its own Customer Protection which protects customers money up to £100,000. You can submit a claim for reasons such as: 

  • Goods/Services not received
  • Goods/Services defective
  • Counterfeit
  • Refund failure
  • Duplicate charge

Any claims you may have are to be raised with the merchant first and if no resolution is met, then you have up to 120 days to raise the issue with Curve. It stresses that if you raise a claim with your underlying payment issuer then you're no longer protected under Curve's Customer Protection.

Curve Customer Reviews

Curve has received over 4,000 reviews with an average rating of 4.2 out of 5.0 stars on Trustpilot. Only 13% of the reviews rate it as below average and those who scored low tended to comment on an issue with their response time and customer service.

Those who have rated the card as excellent have cited great customer service and like the ability to only need to carry one card around with them at any time. Another customer said they liked the fact that Curve allowed them to use smartphone spending as this was something their original bank did not support.

Alternatives to Curve

In this section of the review, we compare Curve to its competitors.

Curve vs Revolut vs Starling vs Monzo

The below comparison table compares the basic Curve account to its competitors' basic accounts. For more information on the competitors mentioned in the below table, read our independent reviews:

Curve Revolut Starling Monzo
Monthly cost FREE FREE FREE FREE
Fee-free spending abroad up to £500 per month tick tick tick
Free ATM withdrawals abroad Up to £200 per month up to £200 per month tick up to £200 per 30 days (free in the EEA)
Cashback  1% for 30 days cross cross cross
Go Back in Time  tick cross cross cross
Categorised spending  tick tick tick tick
UK Bank account  cross cross tick tick
FSCS protection  cross* cross tick tick

*Curve offers up to £100,000 protection with Curve Customer Protection

Pros & Cons of Curve

Pros of Curve

  • Easy to use & navigate app
  • Basic card is free
  • Allows you to carry all of your cards in one place
  • Can use cards in places that they aren't usually accepted, as payment is through the Curve Mastercard debit
  • No hidden fees abroad
  • Curve Customer Protection

Cons of Curve

  • Limits on spending and cash withdrawals could cause problems
  • Everything is on the app so will need wifi or data access to change your card over
  • Advisable to take an additional card with you as payments can sometimes be declined before a spend history is built up (almost defeats the entire object of the card)
  • Cashback offer is only introductory for basic users
  • Not protected by section 75 of the Consumer Credit Act
  • No FSCS protection

Summary

If you want to have a better understanding of where you are spending your money and like the idea of simplifying your spending whilst also limiting the number of cards you need to take with you, then Curve is for you.

The 'no hidden fees' overseas spending feature is especially handy as it is easy to get caught out when travelling and the fees can easily mount up. The feature that allows you to lock the card is useful as ensures you keep your other cards safe and eliminates the annoyance of having to call the bank, which is brilliant if you are abroad.

Being able to flip between multiple cards is clearly Curve’s main selling point and so those that don’t hold multiple cards may want to look at other mobile banking apps such as Monzo, Revolut and Starling Bank. They allow you to spend abroad with little to no fees and have the same instant spending notifications, so it is hard to see where Curve stands out above them.

I personally have a Curve and have used it whilst abroad in the past. I was impressed, however, I am not yet totally convinced and so for now, I'll continue to carry my other cards with me.