I’m currently having to go to the Trends tab and scroll back through previous months to find the transaction I’m looking for rather than just searching for it directly, which is rather a roundabout way of doing things, especially when I’m not exactly sure of the month in question. Thanks
Generally speaking, if we have 100% confidence which transaction is being returned (i.e. you only have one purchase from the store) we’ll use it to pay off Flex.
We don’t want to assign it to the wrong purchase, so there’s any doubt about which purchase it’s for (i.e. if you haven multiple purchases from the same retailer) we’ll send it to the current account so you can attribute it to the correct purchase.
Yep I hear your frustration. We know it’s a problem, and we’re actively working on a fixing it at the moment. I can’t commit to timings on it, other than to say
If you pay on time Monzo don’t make money so, you get rewarded with a lower credit limit…
In all seriousness though, you should probably contact support in app so they can take a look at your account and fix this. Go to the help tab and search for ‘contacting support’.
This to me looks like a screen where someone would want to increase their limit, but Monzo want’s to see them responsibly pay on time for a period to ensure this is the right thing for them.
If that’s what it is, this screen looks ace - but I’m personally super confused by the wording and process for this instance.
Also @AlanDoe should this be merged into the wider Flex thread?
I would like to know is it possible to introduce Joint Flex - when two monzo customers, having joint account, can use joint flex cards ( protected with section75) and pay for debt using not personal but joint account.
To my knowledge, there are no fully joint credit cards, at least not in the UK.
A joint bank account is in two names and usually makes both people “jointly and severally” liable for everything that goes through it, including any overdraft debt, however this concept does not exist for credit cards.
A credit card can only be in one name. You can have additional cardholders, but they are not legally liable for the debt.
Now, if Monzo were to introduce the concept of a fully joint credit card, that would be interesting!
For me and my wife, we have a credit card that’s in one of us’s name, and we treat it as joint, i.e. only joint purchases go on it and it gets paid from the joint account. That’s as close to a joint credit card as you can get, and Monzo Flex can be treated the same way.