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Amazon to stop accepting UK Visa credit cards

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Re: Amazon to stop accepting UK Visa credit cards

#421

Post by billyruffian »

Nextgrid wrote: post #258
billyruffian wrote: post #235

Earlier quoted context omitted.

I had my wallet nicked in Padstow on the last day of a trip there and was just about take the 3.5 hour drive home. Problem was I didn't have enough fuel to make it. My CC providers took ages to even answer the phone and cancel the cards. Amex dealt with it a just a few mins, arranged to courier a replacement card to me by the next day and authorised a fuelling stop for me on my way home. I'll never be without one, ev…

Out of curiosity, how did they manage to get you money without you having a physical card?

I went to an agreed petrol station, they'd authorised spend there. From memory, I think I just told them my name and that was all I needed to do: fill up, thank the staff, drive off.

Re: Amazon to stop accepting UK Visa credit cards

#422

Post by GoodbyeMrChips »

ricardobayes wrote: post #413
heurisko wrote: post #174

Earlier quoted context omitted.

> Never owned a credit card, don't have the slightest wish to do so. I own a credit card, as you get additional consumer protections using a credit card rather than a debit card in the UK. Pay it off in full every month. No problem.

It is an insurance policy then. Have you calculated how much this insurance cost you? Credit card fees, the inevitable 'forgot to pay it off' etc.

In the UK, credit cards are free (some specialist cards aside), including an automatic direct debit so you never forget to pay it off, so you never get charged interest.

Never paid a penny in fees or interest in over 15 years.... and an annual statement of fees (issued by law) informs me of this fact each year.

Re: Amazon to stop accepting UK Visa credit cards

#423

Post by fuzzer37 »

ricardobayes wrote: post #413
heurisko wrote: post #174

Earlier quoted context omitted.

> Never owned a credit card, don't have the slightest wish to do so. I own a credit card, as you get additional consumer protections using a credit card rather than a debit card in the UK. Pay it off in full every month. No problem.

It is an insurance policy then. Have you calculated how much this insurance cost you? Credit card fees, the inevitable 'forgot to pay it off' etc.

Yes. Anyone paying fees on a credit card should jump ship, that's a huge red flag. And I've made more in cash back rewards than I'll ever pay in interest.

Re: Amazon to stop accepting UK Visa credit cards

#424

Post by another-dave »

egman_ekki wrote: post #266
gifnamething wrote: post #236

Earlier quoted context omitted.

Expecting someone to lend you 6 figures when you've never displayed any ability to repay 2 is far more bizarre.

Maybe you displayed the ability to not go into debt unnecessarily, which could be also a signal of financial ability. Getting into debt just to demonstrate you can pay it off is a bit like having to catch a virus so that the doctor can tell you you're healthy once you're done with it. But it's true that in the era of negative interest rates, only silly people don't owe money.

I guess using the analogy — your doctor won't tell you "you've a great immune system" if you've never caught a bug at all. Maybe you've a really weak immune system, they just don't know.

Not going into debt unnecessarily is a great thing, but it's not a data point in your favour, it's the absence of a data point.

Re: Amazon to stop accepting UK Visa credit cards

#425

Post by kingcharles »

zh3 wrote: post #327
barrkel wrote: post #2

I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here. I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere. [1] https://www.statista.com/…

FWIW, as a UK Amazon buyer with a Visa Credit card, I received an email this morning with Subject line "Visa credit cards will not be accepted, starting 19 Jan, 2022" and nothing but my name in the body. A very, very basic email - interesting 'From' address though. Received: from a0-156.smtp-out.eu-west-1.amazonses.com (a0-156.smtp-out.eu-west-1.amazonses.com [54.240.0.156]) From: "Amazon.co.uk" Subject: Visa credit…

"an e-mail address that cannot receive e-mails"

This should not be a thing.

Re: Amazon to stop accepting UK Visa credit cards

#426

Post by Fnoord »

youngtaff wrote: post #337

There's a huge piece of information missing from that article and much of the reporting of Amazon's decision Visa have put up UK-EU interchange fees (as post Brexit they're not covered by the cap) But it affects Amazon because when you buy something from Amazon UK, you're billed by Amazon Luxembourg and Amazon UK then fulfil Amazon's tax avoidance strategy is part of the reason the charge has increased for them. If t…

Does this mean the reverse is also true? Unilever, Shell, and Blizzard went UK instead of FR/NL. There's more companies which switched UK to EU than EU to UK, but still.

Re: Amazon to stop accepting UK Visa credit cards

#427

Post by zdragnar »

cutler wrote: post #417
PeterisP wrote: post #360

Earlier quoted context omitted.

Brexit is the gift that keeps on giving!

Amen. The great British public still have their heads in the sand in the wake of lorry driver shortages, nursing staff shortages and doctor shortages. You have to laugh or tear your hair out when the Home Office offers a 3-month reprieve hoping to lure exiled EU workers back to the UK.

Brexit may not be helping matters, but it certainly isn't responsible for those shortages. Every western country is facing the same issues.

Schools near me in (not UK) are struggling to feed students lunch because the companies they had contracted to deliver their food dont have enough drivers. One company a state over just cancelled their contract with nearly 60 rural schools because they simply aren't able to deliver.

Re: Amazon to stop accepting UK Visa credit cards

#428

Post by Fnoord »

cutler wrote: post #417
PeterisP wrote: post #360

Earlier quoted context omitted.

Brexit is the gift that keeps on giving!

Amen. The great British public still have their heads in the sand in the wake of lorry driver shortages, nursing staff shortages and doctor shortages. You have to laugh or tear your hair out when the Home Office offers a 3-month reprieve hoping to lure exiled EU workers back to the UK.

We have a shortage here in NL as well, and we're still part of EU, so I am not sure if/how Brexit is related. The job is being paid shit here in NL, and its high stress, especially since Covid-19. Its like blaming the current inflation on Covid-19; well, no, its the gas price which has gone up. And that is because of an artificial shortage by OPEC. I'm not sure why they do that though... I can only guess.

Re: Amazon to stop accepting UK Visa credit cards

#429

Post by b112 »

mattowen_uk wrote: post #370
b112 wrote: post #311

Earlier quoted context omitted.

I think this is being misstated by GP. It isn't that a lack of credit card hurts your credit rating, but that a lack of any credit hurts your credit rating in Canada or the US. There are other ways to get an initial credit rating than a credit card, although I agree that this is the path most easy, and chosen by many to get that first rating. The method I employed, was to buy a car and had a parent cosign. I made all…

Ah but, for most people it's easier to get a low-limit credit card in the UK, than it is to get any other unsecured loan. I also didn't say 'you need a credit card to get a good credit score', I said not having one will negatively impact your score. This is 100% correct; Your credit score is made up of various metrics on how you manage debt, one of which is credit cards. You will get a % boost if you have a card that…

Hmm. I think the issue here is, we are all in different regions. Not only does the country matter (Canada here), bit the region too (Quebec, Napoleonic civil code, and provincial laws).

Credit bureaus are definitely legislatively controlled here, and court decisions have an effect on them too.

Re: Amazon to stop accepting UK Visa credit cards

#430

Post by youngtaff »

nicky0 wrote: post #401
wayoutthere wrote: post #393

Earlier quoted context omitted.

I don’t know what power or leverage a country of 65 million thinks it has over the world. Companies / trading partners can simply ignore the UK now with few consequences. The UK has been on a long, slow decline of global relevance since the Victorian era. I don’t know why that would stop with Brexit.

The point is it's now just another country on an equal footing with the rest. Unlike the EU members which have to ask the Commission for permission to scratch their ass.

We're certainly not on an equal footing.

Trade deals are about power and taking the one for the EU as example because we (UK) need access to their markets more than they need access to ours then they always had the leverage

It'll be the same with US, China etc.

Even in the trade deals we've achieved with countries like New Zealand we've not been able to take advantage of being a larger economy and we've allowed lamb imports just to get a deal

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