Monzo have all the data, they’ve clearly worked out that this change is in their interests to make.
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Spend their own money maybe? There’s no cashback incentive, no reward points, no section 75 under £100.
Yes, people use credit cards for day to day but majority Cashback cards and stooze the funds until the bill is due for a less than worthwhile few pences from a saver.
As above, Monzo does has the data and likely leaning on responsible lending and those buying everyday small purchases to get by isn’t responsible on the banks part.
But hey ho, it’s the internet and we all like an opinion.
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Yes, every credit card known to man has the functionality of “pay the next statement in full”. They can still use it as a credit card in that aspect. Not sure why they would but… there are better cards
It’s my guess that they’ll give 0% to those flex customers who pay for the tiered accounts and will form part of the refresh of those accounts.
It wasn’t a comment on the £ amount of the item people are flexing, more that the “waaaaa I’m going to a different bank!!111!” for something that doesn’t exist elsewhere with no fees/interest.
You still have until your next statement, just like a regular credit card. Nobody else is giving you 3 months 0% on £100, let alone £2.50.
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Short answer - yes - It’ll come one day!
But admittedly i don’t know when this’ll be - I’ve actually been working in our fraud team for the last couple of years so aren’t as close to the Flex world 
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That’s not entirely true. There may not be another product offering the exact same perpetual 3-month 0% structure that Flex had, where each individual transaction effectively got its own 3-month repayment period.
However, there are plenty of competing credit products where eligible customers can move their everyday spending - including transactions well below £100 - and pay no interest for considerably longer than 3 months. There are currently several 0% purchase cards offering promotional periods of up to 26 months.
They’re obviously structured differently to Flex, but the suggestion that you can’t move a £2.50 transaction elsewhere and have more than 3 months interest-free isn’t really accurate.
That does, however, potentially lead to customers rotating their spending between providers, brings responsible lending considerations into the equation, and comes back to the point I made earlier about Monzo losing visibility of day-to-day spending when that activity moves elsewhere.
(Side note to anyone reading: this isn’t a financial recommendation, and you should consider the potential impact on your credit report.)
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So you’re going to open a new credit card to buy your lunch?
I ignored that as I didn’t think anyone would be daft enough to make that comparison.
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You’re missing the point. Nobody is suggesting someone opens a new credit card specifically to buy their lunch.
It’s about consumer behaviour. If a product someone previously used for their everyday spending no longer meets their needs, they may move that spending to a product that does.
Once they’ve done that, the £3.00 lunch, £60 shop, £80 fuel and everything else can start going through the other provider. It’s the overall change in spending behaviour that’s relevant, not whether somebody went out and applied for a credit card to finance a sandwich.
That’s the point I’ve been making throughout.
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You’re completely missing the point, as everyone has repeatedly tried to explain.
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All those things that should be budget in to your monthly salary anyway?
If people aren’t budgeting these essential monthly costs then they can’t afford them in reality.
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Letting people three month a sandwich is irresponsible lending IMO
Same with the people who have suggested post-holiday Flex. Should have never booked the holiday if you can’t afford to pay the whole balance upfront.
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Can you stop by the merchant data improvement team on your next rotation please so that you can improve it like the amazing work you did to flex 
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Funnily enough I’ve also been working on this for the last 3 - 6 months! 
In all honesty we had a some technical debt in this area as it went unloved for a while - but we’re about to start working customer feedback tasks again (amongst other things) - we’ll go back and review the historic ones as well. We’ll share more soon!
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I have high hopes now! Bring the goods Theo! 
How 
we talking? 
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You’ve not been here long enough to know what actually means in the Monzo world.
It means some eventuality in the near or not so near future.
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This 
To add some flavour. We’ve started but it’ll start slow and speed up over the next 6 months. I won’t share any more but keep a look out in the merchant corrections channel.
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You’re a good egg, Theo!
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Music to my ears
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