Can we have Spend Caps?

meritez

Just a thought, if we had Spend Caps, people could top up by voucher for up to a year in advance for Goodybags etc, and they could set Goodybags to auto-renew etc, and even take advantage of the Golden Goodybags.

For example, set Spend Cap at £0, top up £120 by voucher, there should be nothing stopping me applying for the £10 Goodybag via autorenew for the entire year…

Of course you could also do this for less, like 3 months, or 6 months etc.

rickvigorous

meritez just topping up by voucher does the same, no?

endorphin

meritez why would you want to load up with a year’s worth of credit and lose interest on it (albeit savings rates are very low)? The beauty of goodybags is you only need to purchase them one at time; even other networks’ contracts don’t charge a year in advance!

mcilwraith

meritez sorry but that doesnt sound too good an option to me

jt_21

meritez I don’t think it’s a good idea to spend that amount of money upfront for Goodybag, it would in effect be like a contract and very tying…… you may wish to leave giffgaff and any money paid onto your account would not be refunded, also goodybag prices could change and you may also want a different goodybag from one month to the next….. it’s best to maybe set your own spend cap for how much you want to spend e.g in a year for your phone tariff and perhaps buy a voucher as and when needed.

georgecooksey24

meritez I think that’s missing the point of What they are for. Its a pay as you go system so paying a lump sum upfront doesn’t work

meritez

rickvigorous can you take advantage of the Golden Goodybag just by topping up by voucher?

rickvigorous

meritez no, you can not

meritez

endorphin let’s say you need a sim card for three months, you could top up £30 via voucher, set your spend cap to zero, and take advantage of the £10 golden goodybag for three months.

Alternatively, maybe you have a relative that just needs a mobile to be contacted on, and be able to make calls.
giffgaff pay as you go is expensive, but being able to top up less than 12 times a year is an advantage for some people.
Add in a zero spend cap, or a £5 spend cap per month and you have peace of mind.

giffgaff will still send texts advising the best tariff to be on.

Fixed line providers offer yearly rental or quarterly, contracts offer zero spend cap but giffgaff is for those who don’t want a contract.

georgecooksey24

endorphin you won’t lose much interest from £120 with rates of 0.01%

endorphin

meritez giffgaff is for those who don’t want a contract.

But if you’re paying up front for 3-12 months worth of goodybags isn’t that a contract? Currently you can’t have your credit refunded to you so you’d be obliged (contracted) to stay with giffgaff for that length of time rather than only for a month at a time.

ashleybristoluk

no point giffgaff is a pay as you go services

meritez

ashleybristoluk I’m intrigued, could you expand on giffgaff is a pay as you go service?

ashleybristoluk

meritez

giffgaff is a pay as you go service you top it up or buy a add on simply

davidvarley

endorphin
To be fair other networks version of pay as you go with add ons are similar to giffgaff in this.

endorphin

georgecooksey24 you won’t lose much interest from £120 with rates of 0.01%

There are better rates on offer, you should be able to get 0.9+% but still not too impressive. Anyway tying up money as giffgaff credit is not a good idea in my view.

collaborateandlisten

I’m a big fan of the goodybags approach. unlimited calls and texts but calls outside that simply aren’t possible, therefore no chance of a bill shock. Just keep a zero balance but set the goodybag to recurring. Then it’s like having a contract but no risk of a big bill.

endorphin

davidvarley other networks version of pay as you go with add ons are similar to giffgaff in this.

Similar in what respect? If you mean you can’t have your credit refunded then yes; it’s another reason not to build up your credit to pay for loads of future goodybags.