Same. Didn’t expect to use them but virtual cards have been great for:
those odd occasions I can’t [be bothered to] find my wallet; and
One off things like car rentals where I don’t want them having my details.
I wonder if virtual cards would work for a Monzo credit card. Possibly not as there wouldn’t be an associated sort code / account number…? Ideally for any purchases of £100+ I’d still like to use a credit card for the S75 protection. Would be brill if you could use virtual ones that could then be burned.
My own hot take nearly 2 months in - I’m probably going to cancel by Month Three.
As much as I love the Google Sheets tool - there’s nothing intrinsic here that actually gives me actionable data, really. I’ve just spent a lot of time building a “huh, that’s some info” Dashboard.
The IFTTT side benefit of it, doesn’t run as reliably as I would like, so it makes it a bit frustrating for some of the ideas I had for it.
And the Budgeting world - simply having more categories isn’t the solution I was hoping for. I’d love to be able to plan zero-sum style. It can sort of work with Pots, but I just feel like all the things don’t really mesh together to be a wholesome useful budgeting tool.
I’m sure it’s good for some, but I want greater granularity and more control. And so I’m back to YNAB.
The other bit I have enjoyed using - is virtual cards - I’ve had some for subscriptions, which I could take or leave. And I have used one on occaison for online purchases. It’s good that I don’t have to input my main live account details all the time, but they still need more features to be truly worth paying for, IMO.
The one benefit with a VCard is that if my wallet isn’t in reach I can just use that - and in fact I’ve ended up storing one of them in my Password Manager. If push came to it, I could do the same thing with my main card, and have broadly the same function.
So… I’m basically waiting to see if any new news comes by the 3 month mark.
I’m excited to see if anything does get announced but I’m cautiously optimistic.
From our perspective, Plus is done and launched and even the second tier is done. So I imagine that over the past few months they’ve been ironing out bits of issues and by now will have implemented some things based on everyones feedback.
From a different perspective, that team could have switched focus and are now working on an entirely different project or some were furloughed and so on.
It’s hard to judge these days as we hardly get any updates on here anymore
With all the plus subscribers here that are talking about cancelling perhaps Monzo should consider letting them keep their cards. It’s a huge waste to just reissue all those cards, especially in the case of those that had 2 or 3 cards sent because of damaged envelopes
To be fair, in addition to that, 65% are unsure or will cancel if no new features are introduced so the 4% figure is a bit misleading
Only 31% said they’ll keep it no matter what
Edit: numbers were wrong, maffs is hard
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Anarchist
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#97
Absolutely. I cancelled last Thursday, and my new Coral card came today to replace my old Coral card which was working fine. A waste of time, effort, and resources.
I think realistically a lot of people will be cancelling who aren’t on the forum. There has been no information about upcoming improvements or new offers (seriously - these should change weekly!). Virtual cards are half-baked, the interest doesn’t cover the cost, and the google sheets export is very niche for average users.
I think Monzo will be relying on the inertia of people to keep those £5’s rolling in.
I was excited for the new version of Plus… but it feels like it isn’t going anywhere (nor generating any significant revenue).
