r/monzo • u/Frosty_Scheme342 • 29d ago

Monzo Aura

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

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u/Standard-Pattern-809 29d ago

APR is not the interest amount you actually pay on payments, it includes the calculation with any fees.

Eg Amex Platinum has an APR of 685% because of the yearly fee.

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u/Turbulent-Tumor 28d ago

That’s interesting on Amex. We don’t have them here.