AMEX + Monzo Bills Pot + IFTTT = Closed Loop! 🙌

[Justin]

For me, credit cards are all about the rewards. The credit benefit of the credit card actually leads to a reduction in my control over my spending - which is why this would be so great. I did actually ask @kieranmch last week whether this might be feasible, and I liked his reply.

@kieranmch

I’d ideally like to use a combination of Open Banking and IFTT so that every time I spend using my Amex card (and thus accumulate Avios), Monzo detects this, and the same amount is immediately paid from my Monzo account to my Amex account, I therefore never accumulate any debt on my Amex card

I can see us implementing something like this as a native feature in Monzo, but not through IFTTT as they aren’t a payment initiation service provider