Thanks for the great service so far! Really happy with the support and flexibility I get with monzo.
The only suggestion I have would be to have the ability to have more virtual cards. We all use a lot of services and I understand there has to be a limit otherwise you would be making 1000’s of new cards a day and would need to keep track of them somehow.
My suggestion would be to increase the limit or maybe just increase the limit for the Monzo Premium Customers? I’m a plus customer and the only reason I upgraded was for the use of the virtual cards & paying direct from pots, I wasn’t aware there would be a limit but understand why there is. Is it possible to increase them? Or even a small charge per extra card?
I have explained this in a pots thread. I have many subscriptions that require a card (as well as bills, things to save for and a need to break up a very tight budget). I find budgeting and managing my finances much easier to manage when everything is in separate pots (and paid for straight from those pots with their own card). Consolidation of various things into one pot/few pots creates confusion and the room for accidental over-spending. That’s why I selected Monzo in the first place, purely because dividing things up as much as possible makes life so much easier. It greatly reduces my stress and anxiety knowing everything is allocated for. It makes it simple to see if there is any money left after that to spend. I also have some subscriptions that stop and start or where the price varies. It makes it so much easier to manage when they have their own space.
Given that Revolut now have a banking licence Monzo should consider this, as a direct competitor has a higher limit, and for a subset of users this is a very useful feature. I suggest increasing the concurrent limit - even if it’s just to 10. That would not let people use more cards than they currently can (monthly and yearly limits would still be in place). This is also a pretty small change, there’s presumably one constant in one piece of the code, and then some documentation to update. Perhaps some Monzonaut could do it as a hackday project!
Unrelated suggestion, but, with up to five virtual cards in my Apple wallet (and a debit) it would be nice for us to label the cards in some way WITHIN the wallet. I know you can find out on Monzo what virtual card is for what and that you can change the colour, but let’s be honest, I am not going to remember which different coloured cards represent what. Maybe adding a label on the virtual card or allowing us to choose an image for each would be more helpful?
