While on Holiday I needed a credit card for twice and could not use my Monzo card Both relating to putting a hold on a card, but two slightly different scenarios:
- Deposit for a rental car (£600) - plan to be refunded in full
- Deposit for hotel for meals and drinks during the stay - Plan to spend an amount close to the hold
I have read in the forum have used their Monzo cards, and an amount is charged and later refunded. Is there any reason one should not do this?
Is there way Monzo can facilitate or mimic a credit hold i.e. showing the hold but not reducing your balance / providing a temporary (free?) overdraft for the hold value and put it in a separate pot?