I think the new team is going down a dangerous path again.
I saw that @tomdavies asked how much people would be willing to pay. It seems like Monzo is going to throw anything together now and see how much they can get people to shell out for it.
It seems to be entirely the wrong approach. We already know that a metal card is probably going to be in the mix and that it costs a bit more, on a 12month min. sub and to recoup the costs of that card within the contract term the minimum is going to be around 1.50-2quid a month, it’s a starting point. I think the whole point of these subscriptions is that everyone pays the right amount and some use more some use less, not every customer needs to cover the entire cost of the subscription.
Monzo should be going around places for example Dragon Pass, Lounge Key to find a competitively priced lounge access product, the same for insurers etc. It shouldn’t be exactly the same cost as going to the provider directly it should be significantly cheaper.
Take a look at Nationwide for example, for their monthly account fee you’d be hard pressed to find all of the (equivalent) individual cover for less than the monthly cost they provide you because most don’t use all of the benefits so it brings the cost down for others.
Once Monzo have negotiated actual benefits that are of value, it should be offered at a price that makes it compelling to buy because it’s a great deal, not because they love Monzo. If it’s not a great deal, the negotiations have been poorly handled. Anything that’s the same or more expensive than what can be obtained outside of the Monzo-sphere is not going to be a great deal.