First consumer charge card since Amex(point.app)
point.app
First consumer charge card since Amex
https://www.point.app/titan
6 comments
Are you saying this is a totally new network? As in not Visa or Mastercard etc? If so what sort of acceptance at merchants do you anticipate and how do you solve for that?
I'm having a hard time understanding the value proposition for end users...
Actually, I think I understand the model judging from my own use of cards. Guessing account holders are sticky enough (refusal or reluctance to cancel cards e.g for credit scoring or for other reasons) that the initial VC subsidization of rewards can safely be ramped down as revenue increases. People will probably sign up during the first few years while VC money juices the rewards but will be reluctant to cancel once profit becomes the actual driver and... drives rewards down.
Hey I've got multiple cards and refuse to cancel any of them despite increasing fees and diminishing value, so I see the market for it now. And plenty of people will probably sign up thinking they can sell themselves to cancel their accounts once the river dries up.
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Also, fyi the superscript "2" is used twice, one for trip cancellation, the other for hard credit pulls. The last occurrence of "2" should be changed to "4"
And there's a reference to "8" that I don't see defined at the bottom of the page.
Actually, I think I understand the model judging from my own use of cards. Guessing account holders are sticky enough (refusal or reluctance to cancel cards e.g for credit scoring or for other reasons) that the initial VC subsidization of rewards can safely be ramped down as revenue increases. People will probably sign up during the first few years while VC money juices the rewards but will be reluctant to cancel once profit becomes the actual driver and... drives rewards down.
Hey I've got multiple cards and refuse to cancel any of them despite increasing fees and diminishing value, so I see the market for it now. And plenty of people will probably sign up thinking they can sell themselves to cancel their accounts once the river dries up.
---
Also, fyi the superscript "2" is used twice, one for trip cancellation, the other for hard credit pulls. The last occurrence of "2" should be changed to "4"
And there's a reference to "8" that I don't see defined at the bottom of the page.
How is it different from Wealthsimple Cash and other similar charge cards?
> Titan is designed to balance style and performance. With an unparalleled form factor,
Is it April 1st already?
Is it April 1st already?
All that website inspires me is the American Psycho business card scene. Sometime reality is stranger than fiction.
hmmmm......
"5. Your PointCard Titan spending limit is based on your net assets. As your net assets grow — in the form of cash, investments, cryptocurrency, etc. — so does your spending limit."