Hi I am a new Monzo premium customer and loving all the new features and perks. However I would love to see discounts available for the following items if possible:
Discounts of upto 15% off the total bill on restaurants in the UK and abroad and major hotel and retail outlets.
Being rewarded to use my monzo card more often. I would be more inclined to use my monzo card everywhere if I was rewarded more and received discount on restaurants while dining out.
I donât think youâll find anyone against your idea, I mean who wouldnât want discounted things
Itâs how viable it is in business terms that needs to be considered. After all thatâs what Monzo is.
Would Monzo make money by giving us discounts from restaurants in addition to everything you already get? How do they get all London restaurants on board? What about people outside of London like me? How would I benefit from this?
The obvious is just to partner with one of those things like Tastecard or whatever it is called, then itâs no different to things like the airport lounges, someone else gets the hassle of administering it, you charge the end customer ÂŁX for membership which is heavily discounted from retail as itâs via Monzo, bank takes a small percentage as itâs part, scheme takes the rest.