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My question: I use Monzo as a daily card for budgeting purposes, I top-up every month and use it for day to day purchasing (as well as overseas use). Occasionally my card is declined because the top-up has been exhausted. Generally I promptly add money, sometimes use the card again for the same payment successfully. Can anyone speaking from experience answer what if any affect this has on my credit score?
I realise a credit score is an often vaguely defined topic and different banks, lenders etc. use different criteria to score you. So the answer may not be straightforward. But I look forward to your input.
There is of course a lot of discussion about Monzo and Credit Score to be found here, so if anyone knows where to find this exact answer please don’t hesitate to send a link.