To those that are not aware, I’ve just seen that Monzo Plus is relaunching soon with the following features for £5 per month:
See your other bank accounts in Monzo
Get a clear view of your finances by adding your other bank accounts and credit cards to Monzo. See your balances and transactions, and move money around with easy bank transfers. Terms and conditions apply.
Get our new holographic card
Our brand new card, exclusive to Monzo Plus. With a reflective holographic layer and our Monzo logo on hot-stamped foil. Your details are kept neatly on the back of the card for a minimalist design.
Create your own custom categories
Create your own categories to break down your spending, your way. Plus, divide single payments into multiple categories, like separating your supermarket purchase into food and wine.
Stay safe online with virtual cards
We’re all spending more online these days, so it’s important to protect yourself. Keep your physical card details safe from fraudsters by using virtual cards for online payments.
The money you spend comes from your balance, just like with your actual Monzo card. Virtual cards are especially handy for managing online subscriptions.
And so much more:
Interest on your balance and regular Pots – Earn 1.00% AER/Gross (variable) interest on your account balance and money in regular Pots (not including Savings Pots) up to £2,000. We’ll pay you the interest at the end of each month.
Offers – Like 15% off Patch plant and plant pot orders over £50. As well as 25% off a Fiit home workout membership and 20% off an annual subscription to Babylon Health. These may change over time. Conditions apply.
Advanced roundups – We can round up a payment to the nearest pound and put your spare change in a Pot. We’ll multiply your spare change by 2, 5 or 10. With the 2 times advanced roundup on, spending £1.90 would put 20p (10p x 2 = 20p) in a separate Pot.
Credit Tracker – See your TransUnion credit score and track how it changes each month. With helpful information about what a credit score is and how to improve yours.
Auto-export transactions – If you want us to, we’ll add your transactions to a single Google Sheet as they happen, so you can get to know your money better. Then add your own tables and graphs. You can turn auto-export on and off whenever you like.
1 free cash deposit a month – Pay in cash once a month for free. Just go to one of the 28,000 PayPoints across the UK to pay your money in.
£400 fee-free cash withdrawals abroad – Take out up to £400 in cash when you’re abroad every 30 days, fee-free. That’s double the amount you can take out with our free, original Monzo account. Perfect for when we can all go away again.
Plus, everything you get with our free account”
So with all this in mind, the features that stand out to me that could be able to be implemented into Curve Black / Metal are:
Virtual Cards (Able to have 5 live at a time and total of 100 total virtual cards)
Possible offers when paid using Curve online.
Custom Categories / Sub Categories- would be nice to see this on curve so you can fully put certain shopping trips under specific umbrellas.
But all in all, I don’t see this being worth £5 a month. Maybe the fact for anyone who uses Monzo as their main account and get the 1 free cash deposit and the TransUnion subscription for anyone who needs it? But Experian is free so I feel that’s kind of an invalid benefit
What are your guys thoughts?
EDIT 1 - updated virtual card quantity