Monzo, a U.K. challenger bank, raises £85M Series E

Re:Monzo, a U.K. challenger bank, raises £85M Series E by djhworld on Wednesday October 31, 2018 @02:53PM (#18348309)

I'm from the UK and I use my credit card for 99% of my discretionary spending, mainly for the perks, but also section 75.

So the features in these challenger banks are largely useless to me, and I track all my finances elsewhere anyway

However, you can't put everything on a credit card in the UK, like household bills and rent, so you still need a current account for this. I use my Starling account for this and it works fine.

Some people don't have financial discipline so I'd imagine the credit card might lead to temptation, so they stick with a debit card to know exactly what's going on.

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Re:Monzo, a U.K. challenger bank, raises £85M Series E by somabc on Wednesday October 31, 2018 @04:09PM (#18348879)

I find Curve to be more innovative because it is a debit card that links back to any debit or credit card. You can only carry one card, use your real credit cards in places that only accept debit. Plus - a fancy app and real time tracking for all your old bank cards. It's most of the upside from Monzo with your choice of cards.

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