Over on the Community’s Summer Wish-List, a Monzo Credit Card is storming out ahead. And at Investival, I think Tom mentioned they are thinking about the idea internally (but was clear to say that he wasn’t making any announcement!)
So, while we’ve discussed the idea before, I wanted to ask folk how they thought a Monzo Credit Card should work? While credit features (APR etc) are vital, I’m really interested in how you think this might work in the app. How might budgeting work? Integration with the current account? What might make it better just by being part of the Monzo experience?!
I’m going to have a think and come back with something longer later, but my starter for 10 is:
- Instant notifications (obvs)
- Option to allow you to squirrel the amount you spend on your card from your current account to a pot, so you’ve got the money ready to pay off at the end of the month
- Budgeting features (but I’ll need to think about how this will work with the son of Summary!)
What does everyone think? What’s the draw for a Monzo Credit Card? How would this work in app?