Monzo Metal Card

Monzo Chat
22

:poop::poop::poop:

3 Likes
23

You stole my photoā€¦

3 Likes
24

I see
That is good

1 Like
25

He didnā€™t ā€˜stealā€™ your photo he said he seen it on social media.

26

I am so excited for this! It would be great if it had an enrolment to Mastercard Elite like N26.

27

No I hope not as that would almost certainly involve a monthly fee. It also rules out paying a one off fee for a metal card.

28

Iā€™d consider a one-off payment for one of these but Iā€™ve no intention of paying an ongoing monthly fee for a bank account (other than my business account).

10 Likes
29

Iā€™d definitely consider a monthly fee for Monzo Metal, but it would depend on what other features it came with.

Curve Metal almost appeals but the benefits donā€™t quite add up for me. Weā€™ll have to wait and see, I suppose.

1 Like
30

Iā€™d love a metal card too, but it is literally just a status thing.

Curve Metal is Ā£15 a month, which is far more than Iā€™d be willing to pay - but I donā€™t want or need the extra things bundled with that.

What do you think would be a reasonable amount for a metal card? Ā£15?

Weā€™re already paying Ā£3 (soon to be Ā£6) for essentially nothing, so I guess that could subsidize the cost. So say an addon for Ā£1 a month?

4 Likes
31

The point of the Ā£3/Ā£6 is not to subsidise other things so I wouldnā€™t rely on that happening (under one of the possible approaches, at least).

32

Yes please, perfect, and then I can get rid of my N26 account completely.

1 Like
33

Did a bit more digging and Revolut give you one free replacement card per year, then charge Ā£40.

N26 charge you Ā£40 for every lost card.

So I now reckon Monzo will charge anywhere between Ā£1-Ā£4 a month for Metal.

If itā€™s over Ā£2 I donā€™t think Iā€™d be interested. Paying Ā£6 + Ā£2 = Ā£8 a month just for having a custom monzo.me link is quite substantial.

What is the most you would pay IN ADDITION to the (soon to be) Ā£6 a month Monzo Plus fee?

  • Ā£1
  • Ā£2
  • Ā£3
  • Ā£4
  • Ā£5
  • Ā£6
  • Ā£7
  • Ā£8
  • Ā£9

0 voters

34

You missed the option of Ā£0 off the listed options.

Which is what a considerable amount of people would no doubt choose.

22 Likes
35

It entirely depends what they add to the core fee over time. Also the card could be a one off additional fee.

4 Likes
36

A red metal card or the hot coral in metal would look pretty dope

4 Likes
37

Theyā€™ve already done it and it looks like A Nightmare on Elm Street.

1 Like
38

Itā€™s hard to say. I suppose the difference with Monzo vs. other fee-based financial products is that youā€™re paying a la carte for each feature. This makes it much clearer how much youā€™re paying for specific features.

To take an extreme example, American Express just increased the cost of Amex Platinum from Ā£450 per year to Ā£575 per year. Some features were tweaked a little, but one of the big changes for everyone is changing the card to metal. Whether this metal card is worth > Ā£10/mo I donā€™t know, but the charge is obfuscated by the overall package.

Given I use Apple Pay in most situations Iā€™d probably not pay a huge amount for Monzo Platinum and, frankly, Monzo doesnā€™t have the image / status that something like an Amex Platinum card has (not that I have one).

1 Like
39

This is a great point. Monzo has always presented itself as an accessible bank for all, rather than elite and exclusive. Having something at that level wouldnā€™t feel very Monzo.

Monzo Plus is relatively affordable so it works - and itā€™ll be great when more features are available. But something comparable to the cost of Amex just wouldnā€™t.

1 Like
40

Itā€™s conceivable that, with all of the Monzo Plus options selected, someone might end up paying a lot per month for their account. Adding airport lounge access, travel insurance, car hire insurance, and other perks all have a cost (and a high value to some customers). Frequent travellers can get significant value from the Ā£575 / year Amex Platinum card.

The great part about the Monzo Plus concept is that you can pay for the bits you want and not the bits you donā€™t. I just donā€™t know that the demographic who would pay for these features overlaps with Monzoā€™s demographic. :man_shrugging:

2 Likes
41

It could potentially build up to quite a lot, but yes, the ā€˜pick and mixā€™ :candy: concept is what makes it what it is and I love that itā€™s so flexible.

Totally agree re: demographic too.

1 Like