I was thinking about Monzo, as I regularly do on a Wednesday afternoon, and I was thinking, If I had lost my card, card stopped working or I had some fraud take place on my card, I would need to freeze my card and then order a replacement. Although Monzo is very quick to get replacements to us, normally the next working day, I thought there may be situations such as being abroad or the weekend affecting these quick delivery times.
Then it come to me, what if you received 2 cards in the post, one card being your ‘main’ card and a secondary inactive card that could be activated at any time in case you I had lost my main card. For example I go out for a night out, I loose my wallet, which had all my cards in! Now when I get home, I’m in a bit of trouble, all my cards have been lost / stolen, its the early hours of the morning so I won’t get my card till sometime the next day and I need to buy some food! With the hot spare card I can open my Monzo app, freeze my card, enter my ‘hot spare’ card number which instantly has disabled my lost card and now makes my ‘hot spare’ card my main card which I can use instantly. Then the next day, I receive my new ‘Hot Spare’ card in case I needed it again.
I hope that all makes sense and don’t sound too crazy!