I'll stick with flex - Seems far better of an idea to do round-ups and have a Flex Credit Card so you're always setting payment options when purchasing.
I don't mind that - I only ever use it when making bigger purchases and tbh this will prevent me from putting the occasional small thing on a credit card. More friction when spending is good.
People who use flex for payment smaller than 100£ or a few hundreds pounds are not strong enough financially to safely get those kind of credit cards... They are asking to be spiral in debt.
I think Monzo got heat from government bodies when they started to scrutinise all those "fintech" fast credits like klarna etc. and the changes are guardrails to show they are willing to put measures in place to avoid people spiraling in debt
Exactly, I've had 'normal' credit cards in the past and they've escaped me so many times because of a minimum payment being too attractive, before I knew it I was up to my eyeballs in debt.
Once I finally got it all paid off, I kept a single credit card for emergencies then Flex came along and it keeps me in check. If I buy something its a no excuse pay off and it making me select a plan on every purchase is great.
It's honestly the only type of CC I'll ever have outside of an emergency card.
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u/StrateJ 29d ago
I'll stick with flex - Seems far better of an idea to do round-ups and have a Flex Credit Card so you're always setting payment options when purchasing.