POLL! A Monzo Credit Card? Why Monzo? Why not others? 💳 :monzocard:

Monzo Chat
2

Reserved for the inevitable polls :bar_chart:

Okay! We have a bunch ideas. Time to poll!

Looking at the suggestions, I think we’ll do two things: firstly we’ll vote for the things that a Monzo credit card must have - the table stakes without which you wouldn’t even consider a Monzo credit card.

Then we’ll vote on the things that we’d like it to have - the extra things that would bring the Monzo magic :magic_wand: that would make you more likely to sign up.

Ready, steady, poll!

Vote 1: The Basics
What are the minimum features a Monzo credit card would need to have?

  • An interest free period
  • A standard APR rate to pay off over time (happens automatically)
  • Balance transfers in / out
  • Special deals (e.g. 0% spending, low APR balance transfers)
  • Instant notifications
  • Instant balance updates
  • Notes/tags
  • Categories
  • Split the bill / shared tabs
  • Ability to flex credit card transactions
  • Insights in Trends (Flex is missing)
  • Tight integration with other parts of the app
  • Credit card pots: when you make a credit card purchase, that value is moved from your current account to the credit card pot, which is then used to pay the bill.
  • Separate the Buy Now Pay Later account from the credit card in the app (two different things, two feeds).
  • Set your associated pot’s goal automatically to match the next credit card bill
  • Let you tag transactions as holds (and alert you if they haven’t fallen off)
  • Easily see / filter what is pending and what has cleared
  • Automagically update Summary/Trends so it knows the value of the upcoming payment
  • A proper transaction feed that you can search and filter
  • A master-feed combining the current account and credit card
  • Work natively with budgeting
  • No fees
  • Mastercard/Visa rates for purchases overseas (like the current account)
  • A plastic card
  • A metal card
  • A funky different type of card (eco, wood, something ooh)
  • A competitive credit limit (anecdotally Flex is much lower than credit cards)
  • Rewards (points or cash back)
  • Do something clever so that you can see your future cashflow (given that it could take ~2 months for your account to be debited to actually happen)
  • One credit line between overdraft, Flex and credit card (same limit/rate, split as you wish).
  • Visa instead of Mastercard for the credit card
  • Benefits for Plus/Premium customers (return of Monzo Points? Metal Cards?)
  • Monzo donates money to charities when you use your card
  • Easy DD set up and change (flipping between minimum and fixed payments, changing DD date)
  • Include the credit card in the customer API
  • Live Google sheets export
  • CSV export

0 voters

Vote 2: The Monzo Magic
What are the things you’d want from a credit card from Monzo? What sparks joy?

  • An interest free period
  • A standard APR rate to pay off over time (happens automatically)
  • Balance transfers in / out
  • Special deals (e.g. 0% spending, low APR balance transfers)
  • Instant notifications
  • Instant balance updates
  • Notes/tags
  • Categories
  • Split the bill / shared tabs
  • Ability to flex credit card transactions
  • Insights in Trends (Flex is missing)
  • Tight integration with other parts of the app
  • Credit card pots: when you make a credit card purchase, that value is moved from your current account to the credit card pot, which is then used to pay the bill.
  • Separate the Buy Now Pay Later account from the credit card in the app (two different things, two feeds).
  • Set your associated pot’s goal automatically to match the next credit card bill
  • Let you tag transactions as holds (and alert you if they haven’t fallen off)
  • Easily see / filter what is pending and what has cleared
  • Automagically update Summary/Trends so it knows the value of the upcoming payment
  • A proper transaction feed that you can search and filter
  • A master-feed combining the current account and credit card
  • Work natively with budgeting
  • No fees
  • Mastercard/Visa rates for purchases overseas (like the current account)
  • A plastic card
  • A metal card
  • A funky different type of card (eco, wood, something ooh)
  • A competitive credit limit (anecdotally Flex is much lower than credit cards)
  • Rewards (points or cash back)
  • Do something clever so that you can see your future cashflow (given that it could take ~2 months for your account to be debited to actually happen)
  • One credit line between overdraft, Flex and credit card (same limit/rate, split as you wish).
  • Visa instead of Mastercard for the credit card
  • Benefits for Plus/Premium customers (return of Monzo Points? Metal Cards?)
  • Monzo donates money to charities when you use your card
  • Easy DD set up and change (flipping between minimum and fixed payments, changing DD date)
  • Include the credit card in the customer API
  • Live Google sheets export
  • CSV export

0 voters

6 Likes