Banking Without Borders
00:11:47 · Jonny Pease
[00:11:47] S0: Um I think you can select between dining out bakeries, takeaways, restaurants. You can also have cash back on direct debits, bills. We've talked about this multiple times. Um it seems I think it's a solid alternative. It seems on paper like a solid alternative, but then you can only earn up to £54 a year, which it's no joke. If you're not earning anything on your direct debits, then take it. Why wouldn't you? But at the same time, it doesn't touch the £180 that Trading 212 were offering. You know, it's it's okay, Jan, I think, for us to stand here and say, well, we have some alternatives for you, but we're a bit limited right now. And there's probably gonna be some sort of power vacuum now as a result of this card going. I'm sure of it. I would imagine that we're going to see other providers come through with something better. Q1, maybe of the new year, like 2027 Q1, like you're gonna see it. Like when people start to think about how they're spending money. Potentially. Um, that that might happen. But right now, as it stands, like please get in the comments, jump in our Discord, I'll pop a QR code on the on the screen if you have any other suggestions. We we frequently don't we, Jan, get a lot of interesting crypto suggestions. Um, and I I know they're out there and I know they do exist, but of course they come with some skepticism, which I think you have to appreciate. I I welcome anything. I mean, I I really do at this point. Yeah, because I'm I'm thinking too, mate, what am I gonna do with my international spending? I've got the Lloyd's Ultra card, but that's gonna run out soon.
00:13:10 · Jan Watermann, Jonny Pease
[00:13:10] S1: Yeah, I think yonder. Maybe, maybe it's yonder. Yeah, I think point cards, Jonny, they have they have a right to exist. Like depending on what what you really um do on a regular basis, maybe you're a frequent flyer, then I think point cards could be a solid alternative. Might be worth uh checking, checking Avios cards out, for example. Um, might not be best for everyone. What I personally dislike about points cards is uh the fact that you really have to think about ways to redeem your your cash back or your points at the end um to make make money from it. But you can, you know, depending on how you redeem it, potentially earn more than you would with cashback. You know, let's say you're you're collecting avios and you're using your avios to buy business class flights that you would normally have booked via cash, then you're likely getting, yeah, two, three, four P a point potentially, which is yeah, tremendous. Um, could could be worth as much as four percent of cashback, depending on on the card you're getting. So I think it really deserves a holistic view. And maybe that's a good summary for this for this episode, you know. Really like figure out your personal situation, look at all the alternatives, have a look at depositscout.com as well, especially our reward card calculator, you know, and then you'll yeah, you'll probably be able to figure out what's the the best stack for you. [00:14:25] S0: Yeah, and if you do figure it out, share it in the comment section. If you do, if you do work out what your alternative to trading two and two is looking like.
00:14:25 · Jonny Pease, Jan Watermann
[00:14:25] S0: Yeah, and if you do figure it out, share it in the comment section. If you do, if you do work out what your alternative to trading two and two is looking like. [00:14:32] S1: Someone will figure it out. Yeah. [00:14:34] S0: On that note, thank you everyone for watching. Goodbye.