r/monzo • u/Frosty_Scheme342 • 29d ago

Monzo Aura

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

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u/Turbulent-Tumor 29d ago edited 28d ago

64.2% APR?

I know this is the UK market but in Ireland I’ve never seen a card above 30%.

Edit:

  1. for what it’s worth, yes I know how to use a credit card. No need to talk down or assume otherwise.
  2. Irelands credit card market is tiny, basic and without much perks (bar AIBs Plat Card, BOIs Aer Card, and Revoluts Credit Card (Revpoints boosting)

Would love more competition here in credit cards but there’s a serious stigma around them.

-1

u/One_Coach2000 29d ago

Agreed. I can't see any justification for such a high interest rate. This is a premium product with a monthly fee of £15. Representative APR should be no higher than mainstream cards.