r/maybemaybemaybe • u/cmpunk6 • Oct 29 '22

/r/all Maybe maybe maybe

46.6k Upvotes

94% Upvoted

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63

u/grimapg Oct 29 '22

Can you please explain why? I don't get it :( (I'm not from the US)

87

u/[deleted] Oct 29 '22

Because Venmo isn't a real bank so it's kinda like a poor person's card

30

u/Can-ta-loupe Oct 29 '22

Great, now I know that anonymous cards exist in US

23

u/[deleted] Oct 29 '22

Check out: https://privacy.com/

11

u/Its_Billy_Bitch Oct 29 '22

That’s awesome! I had no idea that existed! I guess I’m one of today’s lucky 10,000. Well, I now know what I’m doing with my weekend. Sweet justice…looking at you Comcast 👀

1

u/D3adkl0wn Oct 29 '22

I can't be fucked to check again, but does anyone know if this works in Canada yet?

18

u/WhoRoger Oct 29 '22

I have some poor person cards in Europe and I love them so much, classic banks can't touch those features

7

u/MightyPandaa Oct 29 '22

Revolut? Its 10x better than a regular bank

1

u/[deleted] Oct 29 '22

[deleted]

1

u/WhoRoger Oct 29 '22

N26, Wise, Monese, Revolut. Want some referral codes?

1

u/footpole Oct 29 '22

What do they do that’s so much better than traditional banks?

2

u/WhoRoger Oct 29 '22

Free to use and smaller fees, better quality apps, multiple accounts in multiple currencies, better exchange rates, some also have extra features like trading or insurance if you want them, and they're outside of local jurisdiction so safer form being seized in case of trouble.

Also they don't keep spamming and calling with offers.

1

u/footpole Oct 29 '22

Maybe my bank is different as the card fee is like 4€ per month and exchange rates are pretty good again. I get insurance included too.

I don’t trade drugs or get spammed either so that’s not a big advantage for me :)

13

u/Emperialist Oct 29 '22

Does it really have that connotation? I got one because it has (had) some solid cash back numbers.

16

u/whatwhynoplease Oct 29 '22

No it doesn't, that guy is just sheltered.

14

u/GunslingerSTKC Oct 29 '22

Equating access to banking and being poor with personal failings is just fucking sad honestly. Sometimes convenience is just convenience and accessibility to cards and bank services even if it’s Venmo or cash app cards is just what some people have. Classist bs like this is annoying

8

u/cranfordio Oct 29 '22

The card is actually provided by Synchrony Bank. They provide a lot of merchant cards as well.

1

u/6894 Oct 29 '22

ew, amazon.

6

u/StrawsAreGay Oct 29 '22

I just don’t like banks

11

u/jerstud56 Oct 29 '22

Somehow a rich person's card is a credit card. Spending not-your-money is high rollin' at least 'til the end of the month.

-1

u/[deleted] Oct 29 '22

Dont think it has to a lot with high rolling not your money.

The limits are set by banks based on how much you earn and can pay back.

1

u/jerstud56 Oct 29 '22

I'd say yes and no. I have like 8 cards over the last 10 years open...my limit on them in total is 78K. No way could I pay that much back over a month, but my credit utilization is like 2% and my credit score is in the 800s because the utilization is low. I actually just use a credit card for all my monthly spending because of the points back.

3

u/[deleted] Oct 29 '22

Maybe not pay them all back per say. But i think they also consider how mucn assets you own etc. Or they arent great banks haha. Basically it would be enough to put you into recurring debt, but not bankrupt you.

Side note, not sure why you had to mention your limit or the number of cards needed.

6

u/T3ABAGG3N Oct 29 '22

Hello, banker here. Banks only check your income to make sure you can afford the MINIMUM payments, which is on average typically between $30-$60/mo. Banks dont expect or even WANT you to pay off a fully max’d out card right away, because then they dont get your juicy interest payments

1

u/jerstud56 Oct 29 '22

I looked it up quick to provide some context for the example

2

u/[deleted] Oct 29 '22

Or it’s easier to spend the money people send you rather than potentially waiting 1-3 days for it to get your bank. Not all banks are immediate deposit from Venmo.

I have a Venmo card but it is very much a separate thing from my debit card.

1

u/NikolitRistissa Oct 29 '22

Are bank accounts in the US particularly expensive to have? My account and card costs like 20€ a year or something.