{"id":22729,"date":"2025-02-23T18:59:07","date_gmt":"2025-02-23T18:59:07","guid":{"rendered":"https:\/\/www.verylvke.com\/en\/?p=22729"},"modified":"2025-03-03T18:57:41","modified_gmt":"2025-03-03T18:57:41","slug":"myguava-a-card-that-earns-you-cashback-and-points","status":"publish","type":"post","link":"https:\/\/www.verylvke.com\/en\/2025\/02\/23\/myguava-a-card-that-earns-you-cashback-and-points\/","title":{"rendered":"MyGuava, a card that earns you cashback and points"},"content":{"rendered":"\n<p>UK&#8217;s bank card market is much less fun than the US and some other countries. Although it&#8217;s home to many Fintech companies, the only worthy product remaining in the point-earning world is <a href=\"https:\/\/www.verylvke.com\/curve-invite\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Curve<\/a>, which I use on a very regular basis.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-card.png\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"240\" src=\"http:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-card.png\" alt=\"\" class=\"wp-image-22722\" srcset=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-card.png 400w, https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-card-300x180.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>And that is why I got very excited to learn about <a href=\"https:\/\/www.verylvke.com\/my-guava\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">MyGuava<\/a>, a payment solution that has some innovative and interesting perspectives. Before we start, I must point out that MyGuava doesn&#8217;t have a proper UK bank license, which means your money is not FSCS-protected &#8211; proceed with caution.<\/p>\n\n\n\n<p><strong>[Fees]<\/strong><\/p>\n\n\n\n<p>MyGuava is (mostly) free to apply and use. There&#8217;s no fee for getting a physical card, money transfer, and ATM withdrawal in the UK. However, you need to pay for the following services:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Foreign currency spend: 0.5%<\/li>\n\n\n\n<li>ATM withdrawal abroad: 1%<\/li>\n\n\n\n<li>Topping up using a bank card: 1.5%<\/li>\n<\/ul>\n\n\n\n<p><strong>[Cards]<\/strong><\/p>\n\n\n\n<p>As soon as you&#8217;ve opened a MyGuava account it comes with a debit card already. According to their website and app there&#8217;s &#8220;up to 0.6%&#8221; cashback for card spend. I couldn&#8217;t find any specifics, and my experiences are very mixed and random:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>0.3% cashback at Lidl<\/li>\n\n\n\n<li>0.6% at other supermarkets and some shops<\/li>\n\n\n\n<li>0% at TFL contactless and other shops<\/li>\n<\/ul>\n\n\n\n<p>By common sense I assume cash-like and financial services payments are excluded, but I don&#8217;t know if all regular transactions will attract that 0.6% cashback otherwise, which is extremely generous for a no-fee debit card.<\/p>\n\n\n\n<p>MyGuava has some other card accounts that you can open, including co-branded cards with a couple of UK football teams &#8211; QPR and Crystal Palace. Besides the &#8220;up to 0.6%&#8221; cashback there are additional benefits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>7% cashback at sports shops (up to \u00a3150 cashback per month)<\/li>\n\n\n\n<li>Highest spenders of the month \/ quarter \/ year will be gifted swags and game tickets<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-palace-gold.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"717\" src=\"http:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-palace-gold.jpg\" alt=\"\" class=\"wp-image-22721\" srcset=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-palace-gold.jpg 400w, https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-palace-gold-167x300.jpg 167w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Although limited in quantity, these special cards are free to claim and you can request a physical one sent to you. Given those extra perks there&#8217;s no reason not to.<\/p>\n\n\n\n<p><strong>[UnionPay]<\/strong><\/p>\n\n\n\n<p>Here&#8217;s a quirky feature in case you travel to China &#8211; besides the Mastercard and Visa card accounts mentioned above, you can also open a UnionPay card account.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/unionpay-logo.png\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"250\" src=\"http:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/unionpay-logo.png\" alt=\"\" class=\"wp-image-22792\" srcset=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/unionpay-logo.png 400w, https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/unionpay-logo-300x188.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>UnionPay is China&#8217;s own payment card service (think Visa and Mastercard) and you are probably familiar with its logo if you&#8217;ve been to China or the most popular tourist destinations. UnionPay is almost a monopoly in China and they also issue cards overseas, although it&#8217;s very rare.<\/p>\n\n\n\n<p>So why do you want a UnionPay card when in China?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Card and cash payment are not widely accepted in the country<\/li>\n\n\n\n<li>Instead, you pay with Wechat \/ Alipay, backed by your bank card  <\/li>\n\n\n\n<li>Although overseas Visa \/ Mastercard \/ Amex cards are supported, 3% fee is applicable to payment over 200 RMB (~$28)<\/li>\n\n\n\n<li>Overseas UnionPay cards are also supported with no fee<\/li>\n<\/ul>\n\n\n\n<p>(Update: looks like their UnionPay card cannot be added to Alipay or Wechat, in other words &#8211; useless!)<\/p>\n\n\n\n<p>Note that MyGuava charges a 0.5% non-Sterling fee, and their exchange rate might not be the best. Still, it&#8217;s much better than paying 3% and don&#8217;t forget the 0.6% cashback.<\/p>\n\n\n\n<p><strong>[Paypoint]<\/strong><\/p>\n\n\n\n<p>Besides bank transfer, you can also top up your MyGuava account at Paypoint (for example Co-op). You should be able to pay using a credit card too.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-paypoint-limits.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"616\" src=\"http:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-paypoint-limits.jpg\" alt=\"\" class=\"wp-image-22720\" srcset=\"https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-paypoint-limits.jpg 400w, https:\/\/www.verylvke.com\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/my-guava-paypoint-limits-195x300.jpg 195w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Refer to the image above for limits. I did it at a Co-op and the \u00a3200 showed up within 10 minutes.<\/p>\n\n\n\n<p><strong>[Referral Bonus]<\/strong><\/p>\n\n\n\n<p>New members can get a referral bonus when signing up to MyGuava:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open <a href=\"https:\/\/www.verylvke.com\/my-guava\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">my referral link<\/a> on your phone or enter promo code GPPNJOXCEQNZ<\/li>\n\n\n\n<li>Order a physical card<\/li>\n\n\n\n<li>Make at least three in-person purchases, and spend \u00a3100+ using the physical card within 30 days<\/li>\n\n\n\n<li>You&#8217;ll earn \u00a330 referral bonus<\/li>\n<\/ul>\n\n\n\n<p>The referral promotion ends on March 10th. You&#8217;ll likely need a UK passport or driver license for the KYC check, as there&#8217;s no physical biometric permit anymore and I don&#8217;t think they accept e-visa.<\/p>\n\n\n\n<p>I am also new to MyGuava and still in the process of exploring, but it does seem to add a new flavour to the points game. Please let me know if you have experiences with them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK&#8217;s bank card market is much less fun than the US and some other countries. Although it&#8217;s home to many Fintech companies, the only worthy product&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[120,39],"tags":[124],"class_list":["post-22729","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-uk","tag-points-trick"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/posts\/22729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/comments?post=22729"}],"version-history":[{"count":20,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/posts\/22729\/revisions"}],"predecessor-version":[{"id":22846,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/posts\/22729\/revisions\/22846"}],"wp:attachment":[{"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/media?parent=22729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/categories?post=22729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.verylvke.com\/en\/wp-json\/wp\/v2\/tags?post=22729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}