LONDON—A new smart payments card is allowing users to switch a purchase between credit or debit up to two weeks after the transaction took place.
Curve, a startup in the payments card industry, is giving its British and European Mastercard users that choice now, reports Engadget.
The news outlet noted that the new option can help cardholders avoid overdraft charges.
“If you realize you're going to go into overdraft, or that you should have expensed dinner on your corporate credit card, you can make a change before it's too late,” Engadget said.
The payment swap is free and should take less than 10 seconds through Curve's Android and iOS apps, explained Engadget, which added, “About the only practical limit is a £1,000 purchase ceiling – you'll still need to think carefully before splurging on that new TV. Even with that catch in mind, this is promising. Most smart payment cards focus on slimming down your wallet and little else. Curve, on the other hand, is taking advantage of technology to provide some genuine flexibility. It's not certain that other companies will follow suit, but there could be a day where you're rarely locked into your purchasing decisions.”