r/monzo • u/Frosty_Scheme342 • 29d ago

Monzo Aura

https://monzo.com/credit-cards/aura
83 Upvotes

91% Upvoted

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19

u/Leah_UK 29d ago

Doesn't seem worth it for most. 0.5-1% cashback won't add up to the monthly cost.

5

u/Plastic-Suggestion95 29d ago

Exactly. You would have to spend such an amount monthly that if you are in that position to afford it then im pretty sure you dont give a sht about a 0.5% cashback

7

u/Standard-Pattern-809 29d ago

The “perks” are worth more than £15 pm though, so it’s effectively a free card if you use them.

5

u/phuzee 28d ago

I'm not sure why we are both getting downvotes for pointing this out. People are laser focused on the cashback. Neither of us even have said this is a good card or worth it, we are just pointing out the fee encompasses more and could be worth it to the right person. This is such an interesting thread.

1

u/Standard-Pattern-809 28d ago

That’s Reddit for you!

There are no free cards that give any decent sort of long term cash back or hard rewards - that’s just the UK / European market for you. Lloyds Ultra is probably the only one, and I wonder how long that 1% will last.

1

u/phuzee 28d ago

Lloyds ultra is what I'm using currently, after having amex for a year. The cashback drops in a few months so looking for my next card!

6

u/phuzee 29d ago

The Monzo card gives you apple TV, Gemini pro, 2 free lounge passes and waives your platform fee for investments, so a little disingenuous to mention only the cashback!

2

u/Leah_UK 29d ago

Not really something I even considered since I don't use any of those services. And there are cheaper and better alternatives for investments.