Amazon to stop accepting UK Visa credit cards • Hacker News Board

Re: Amazon to stop accepting UK Visa credit cards

#531

Post by blibble » Fri, Nov 19, 2021, 1:30 AM UTC

kalleboo wrote: post #513

blibble wrote: post #508

Earlier quoted context omitted.

any offline transaction under your floor limit can put you into unauthorised overdraft e.g. a train ticket purchase from a guard using a mobile terminal

I haven't lived in Europe for a while but it used to be common to issue online-only debit cards (VISA Electron, Maestro etc) for this reason, have these fallen out of fashion?

they were common for a bit in the 2000s (mostly with kids), then seemed to go away for a while

they were very easy to spot as they didn't have the raised digits (for the imprinting machine... old fashioned offline transaction)

now they're coming back again, but still not super common

Re: Amazon to stop accepting UK Visa credit cards

#532

Post by goodcanadian » Fri, Nov 19, 2021, 10:54 AM UTC

cutler wrote: post #523

goodcanadian wrote: post #439

Earlier quoted context omitted.

Polls have shown that a majority of "the great British public" now believe Brexit was a mistake, so I don't think it is fair to say they "still have their heads in the sand."

There are people in Cornish fishing villages decimated by Brexit who would vote the same again. Don't underestimate the British island fortress mentality.

There are idiots everywhere, but that does not mean the general public are blind to the consequences of Brexit. Heck, your hypothetical Cornish fisherman could be fully aware of the consequences but still think it was worth it for any number of other reasons (as a sizeable minority of the population obviously still do).

Re: Amazon to stop accepting UK Visa credit cards

#533

Post by cjrp » Fri, Nov 19, 2021, 2:48 PM UTC

j_mo wrote: post #522

cjrp wrote: post #412

Earlier quoted context omitted.

What was the loan to value though?

100%

Wait.. they loaned 100% of the property value to someone with not much of a credit history?

Re: Amazon to stop accepting UK Visa credit cards

#534

Post by j_mo » Sat, Nov 20, 2021, 1:10 AM UTC

cjrp wrote: post #533

j_mo wrote: post #522

Earlier quoted context omitted.

100%

Wait.. they loaned 100% of the property value to someone with not much of a credit history?

Yes, a few banks now offer 95-100% LTV mortgages for first time buyers.

In our case, the bank required a savings account containing a 10% deposit in the name of a family member, which is returned to them with interest after 3 years (unless you fall into arrears). ~50% of that money was our own savings and the rest was from parents savings, which allowed us to get on the property ladder with ~1yr less saving and no cost to our families after the 3yr period.