Hey folks
We have another new Flex feature for you
We’ve heard from lots of Flex users that you don’t always need to spread the cost of a purchase over monthly instalments when paying later. Sometimes you just want to delay paying for a while.
So we’ve added a new option when you choose a plan - you can now pay in full on your next monthly payment date.
As always, if you’re within 14 days of your next payment date it’ll skip to the following month. And you can always change your mind and spread the cost over 3, 6 or 12 months any time before your payment date.
If eligible, it’s interest free to pay in full on your next monthly payment date or over 3 instalments. You can also pay over 6 or 12 instalments at 24% APR representative (variable). Monzo Flex is credit for 18+ year olds. Ts&Cs apply. Representative example: 24% APR representative (variable). £1200 credit limit. 24% yearly interest (variable).
We’re launching to a small group today
We’ll be rolling the feature out to a small group of customers this week. As with changing when we take the first instalment, we’ll be running this as a test before we roll it out to all customers.
But we know you like new things… so we’d like to invite you to join the test if you want.
Send me a DM with the email address linked to your Monzo account by Midday Friday 18 November, and we’ll include you in the test group.
We won’t be able to add anyone after that - it takes a fair amount of engineering resource to manually activate these features and we need to make sure we’re not distracting them from building the next features.
Make sure you’re using the latest version of the app to see the option to pay in full.