So I just ended up getting a new bike recently, and got the Laka.co bike insurance through premium.
Despite my previous assertation that itās better value to get the Ā£25 referral bonus. Was a super easy sign up, covered in about 10 minutes.
Iāve heard really good things about Laka - they even have an aditional liability insurance for Ā£1 a month, which I think is a worthwhile upgrade, because you never know.
Anyway if anyone wants a Ā£25 referral hit me up
One thing that would be good to go with this is a Monzo discount on other bike related things, like the Bike Register marking scheme too
I do think the offers section is a bit weird. It is so tucked away that I forgot about it, so unless they notify me of something new I am unlikely to see it. Would be good to set it to either notify me or not notify me of new offers based on my preference.
New plus/premium offer of 3 free shares with Freetrade (extension of their 1 free share for referrals it seems) worth between Ā£3 and Ā£200.
However. Itās only available to new Freetrade customers. Which I think is lame
I understand that this is how most offers will work from any company as the point of the offer is presumably to onboard and then keep new customers.
But the fact that the majority of plus/premium offers fall into this category, and are (at least for me) nearly all for well known brands which I have already encountered/used/signed up for is a problem.
Being for brands Iāve encountered makes senseā¦ presumably if Iām a core demographic for Monzo, I will be for Freetrade and would therefore appreciate offers re the latter.
But this then falls down if itās only for new Freetrade customersā¦ as this means I donāt get to use nearly all the plus offers precisely because they are fairly well targeted/aligned with my interests and I therefore already have accounts with them.
So. Maybe pointless. But this is a plea to provide offers which can actually be used by all plustomers. Iād certainly rather a slightly less good offer I can use than a better one I canāt
(I know ovi I can make new accounts with a lot of places to make use of such offers, but that clearly isnāt Monzo/offer approved, and for things like Freetrade with strict KYC etc, that presumably becomes more difficult or impossible)
This offer does seem very good though? I sign up to Monzo plus for Ā£15, set up a Freetrade account and deposit Ā£2, and I can get Ā£600 worth of shares?
There must be a catch no? I might try this tonight see what happens
Edit: No I get it now, they randomly allocate a share to you, you donāt get to chose, with the allocation meaning āmore expensive shares will be rarerā (but no indication of how much rarer). Hmm resigning up to plus will cost me Ā£15 I wonder if itās worth the gamble. Worst case is Ā£7 out of profit I guess.
This would be cool, if the new version didnāt put up the prices of such transfers. Iām still better off just using what i already use for international transfers.
tbutz
(š³ļøāš Producer of "low value commentary")
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Iām not eligible for the offer, already being a customer of Freetrade (sadface!), but Iād love to see them integrated into my Monzo app as a separate ācardā, much like the open banking does. That would be a savvy approach to take in combination with this offer.