Let’s be honest Plus has been a ballsup. Putting aside the previous failed attempts. We now have a paid option which has basically taken things they had worked on in 2018/2019 and finally released stuck behind a paywall.
They didn’t need to do anything special to release a card, 1.00% AER interest, Fee-free withdrawals abroad or 1 free cash deposit a month, and offers.
The Custom categories they had in development for fricken ages and originally was going to be free. (They ballsup the interface with the unnecessary Done button on the picker at the same time)
The other accounts appearing in Monzo again had in development for fricken ages and was released free for most of a year before it got taken away. If they had actually bother to tie it into the budgeting (as the Plus benefit) then again it would have had actual value.
The credit score reporting was already built and again said there would be a roll out where a few got access and again this was pull back to paid because they didn’t have anything to add under Plus.
The credit scoring I find distasteful, you should never ever pay to access your own report to check what they have on you is correct. They basically just recreated Credit Karma which wasn’t innovative, without bothering to actually tailor it to Monzo’s own loans and overdraft which would have made it actually useful.
So Virtual cards whoop-de-do.
I fully understand with growth things slow down but it has def stagnated and this was pre-covid.