I am looking to build my credit history and I’d like to know if there are any Monzo-like companies that offer credit cards. By Monzo like I mean good UX, modern tech stack, entirely online and with a good customer service (basically the opposite of any legacy bank).
Or if you know other ways to build up a credit history that would be cool as well. The two that I know of - having a phone plan and being on the electoral roll are both out of the question (I do not wish to switch phone providers and my current one doesn’t report to CRAs and I’m a foreigner so I can’t vote)
Try signing up for one of the free credit rating offerings such as Clearscore or Noddle. They will give you a projected credit rating each month for free, and provide tips on how you can improve your rating.
You can sign up to vote, you won’t be able to vote in all elections though, but you’ll be on the electoral roll.
It doesn’t have to be a phone company, it can be any company that you have a direct debit agreement with and that reports to credit score companies. E.g. utilities.
Get an easy to get credit card, e.g. CapitalOne and/or Aqua. They are far from being as tech as Monzo though.
Having your name on Council Tax and Utilities bills, even if you are not the one paying them helps - as long as whoever is the bill payer pays on time!
I already have done credit history, but I went with a Nuba everyday credit card (https://www.nubacards.co.uk), run by MBNA.
0% on everything for up to 28 months. The app is just the MBNA app with a theme, has everything you need, no bells and whistles.
BUT most importantly, the bright lime green card compliments my hot coral Monzo card! My wallet is now twice as bright.
Perhaps it depends on what type of tariff/contract you have with them. They’ve certainly never been on my, having been a customer at three different periods.
