Great and thorough review! I like the metal card but I agree with you - not worth paying just for that! It sounds really good, but like you say it's not the right time to make the most of it
Signed up yesterday to Monzo Premium after a lot of deliberation. It’s not as good a deal as Nationwide’s Flexplus, but having only one Direct debit active on my Standard Monzo account, I wouldn’t have been able to claim the £100 switch offer anyway. Plus i dont particularly want to lose all the features that Monzo has. The travel insurance covers all four of us in the family and we’re off to the US twice this year. If you whack £2k in a pot and don’t touch it, that £15/month comes down to £12.50. The phone insurance…meh, it’s not the best policy but it’s better than nothing. The metal card is a gimmick…but still kinda cool 😂
Thanks for the video! I signed up to Premium this morning - I know you can get better value with Nationwide but I do love that metal card! Perhaps once the itch to have one is gone I can switch to Nationwide for their insurance in 6 months time 🤣 I have transferred £2k into my Monzo now though so at least with the £2.50 per month interest it will technically be cheaper than Nationwide!
I also found that for an iPhone 11 Pro Max 256GB I’d be paying about £15 per month for the insurance on that alone with Protect Your Bubble, so that’s the basis that I ordered Monzo plus on - that it’s about the same price as Protect Your Bubble but I also get travel insurance and a beautiful metal card 😍
@@priceaj there is definitely a cooling off period as it is saying I can cancel and get a full refund of what I paid yesterday, but I’m not going to cancel it as I got it more for the insurance than the card ☺️
Yes, if you shop around you'll get those insurances for less elsewhere, so it seems they're banking on people not bothering or just wanting that metal card
Hey! The shelves are from Made.com. They were a treat purchase! You'll find them here fave.co/3GoOEhS The radiator cover was from Groupon or Living Social (something like that) and was just plain MDF which I spray painted
@@TSchmoog what he said that already paying for the fee :O so technically with 2k you get a fiver and the rest for ? and you are not actually spending more
@@BeCleverWithYourCash a few years ago I had a Swiss Army Card in my wallet (that I had forgotten about) and the X Ray picked it up and it was confiscated because of the tiny knife inside. It strikes me that a metal card could be tampered with to make quite a sharp edge.
Tbh I don't think this product is worth £15 a month. Revolut metal offers more features for £12.99 a month which has more value. A lot of people will only get it because its metal and the premium feel. And its not worth it when you're not travelling atm
Revolut isn't even a bank. You're money is not protected with them if they were to fold. Their customer service is horrific and many people have their accounts closed down for tedious thing. I laugh when people recommend Revolut lol
I do find "Metal" card premium options that the likes of Curve, Bunq, Revolut and now Monzo provide are quite gimmiky! The main benefits appear to be insurance and travel, however there are better alternatives. You could probably shop around for decent travel insurance and there are better cards avilable to avoid FX fees. I would recommend Starling, Currensea, Transferwise and Curve (free) as a backup. Just my opinion....
@@interestedtechy6034 the product is still quite similar to Monzo Premium as well as Curve Metal but better in terms of benefits. With reward accounts, I personally think traditional banks offer a more wider range of benefits. I've seen that also of Revolut closing accounts randomly, I wouldn't trust it fully as your money isn't protected but a lot of people do use it mainly for travel purposes because of the benefits
Here's my review over on the blog, including links to learn more about the insurance becleverwithyourcash.com/monzo-premium-review/
All I want to see it the metal card
Great and thorough review! I like the metal card but I agree with you - not worth paying just for that! It sounds really good, but like you say it's not the right time to make the most of it
It's a shame they couldn't offer something unique this time. I think it'll put more people off Monzo than get newbies to sign up.
Signed up yesterday to Monzo Premium after a lot of deliberation. It’s not as good a deal as Nationwide’s Flexplus, but having only one Direct debit active on my Standard Monzo account, I wouldn’t have been able to claim the £100 switch offer anyway. Plus i dont particularly want to lose all the features that Monzo has. The travel insurance covers all four of us in the family and we’re off to the US twice this year. If you whack £2k in a pot and don’t touch it, that £15/month comes down to £12.50. The phone insurance…meh, it’s not the best policy but it’s better than nothing. The metal card is a gimmick…but still kinda cool 😂
Thanks for the video! I signed up to Premium this morning - I know you can get better value with Nationwide but I do love that metal card! Perhaps once the itch to have one is gone I can switch to Nationwide for their insurance in 6 months time 🤣 I have transferred £2k into my Monzo now though so at least with the £2.50 per month interest it will technically be cheaper than Nationwide!
I also found that for an iPhone 11 Pro Max 256GB I’d be paying about £15 per month for the insurance on that alone with Protect Your Bubble, so that’s the basis that I ordered Monzo plus on - that it’s about the same price as Protect Your Bubble but I also get travel insurance and a beautiful metal card 😍
Yeah, right now all you’re really paying for is the card! But once (if) we can travel again it becomes better value. Did you already have Monzo Plus?
Pricey handsets also help to justify the insurance!
@@BeCleverWithYourCash I didn’t have Plus, I didn’t see any value whatsoever in those features! Premium is where they got me haha.
@@priceaj there is definitely a cooling off period as it is saying I can cancel and get a full refund of what I paid yesterday, but I’m not going to cancel it as I got it more for the insurance than the card ☺️
Just got premium. Virtual cards, phone insurance and travel insurance suits me perfect. Better value than Lloyds Platinum
Monzo premium is brilliant! Monzo has to be one of the best banks around.
God, all that chat and no mention of this interest or how poor the insurance t&C's are
Monzo the idea is great but the attraction is the metal card..
Will be sticking with my £13 NW Flex plus which also includes breakdown cover 😁( the account that Andy mentioned at the end..)
Good choice!
The Metal is now 13
The insurance is good especially becouse they pay directly the hospital and you not have to pay in advance and this is good!
I wonder if they’ll start to do a credit card anytime soon??
I would actually subscribe if my Apple Watch was also insured and I could add vehicle breakdown cover
Yes, if you shop around you'll get those insurances for less elsewhere, so it seems they're banking on people not bothering or just wanting that metal card
I really appreciate the advice where did you get your shelves and radiator cover is there a premium card that includes them lol
Hey!
The shelves are from Made.com. They were a treat purchase! You'll find them here fave.co/3GoOEhS
The radiator cover was from Groupon or Living Social (something like that) and was just plain MDF which I spray painted
You can leave early but its £50 and the phone insurance is known for using nasty parts for repair
Thanks for sharing about the repair parts.
Because if the 1% interest, couldn’t you have 2000 in a pot and the interest would be higher than what you’re paying for the account?
1% of 2000 is only £20
@@TSchmoog what he said that already paying for the fee :O so technically with 2k you get a fiver and the rest for ? and you are not actually spending more
The 1% is for the year, i.e. if you leave 2k in your account for a full year you’ll get £20 back. Not £20 a month…
It’s £13
Has anyone ever had trouble getting a Monzo Premium metal card through airport security?
You’d probably be ok as you’d need to take your wallet out of your pockets and put it with your bag/coat etc
@@BeCleverWithYourCash a few years ago I had a Swiss Army Card in my wallet (that I had forgotten about) and the X Ray picked it up and it was confiscated because of the tiny knife inside. It strikes me that a metal card could be tampered with to make quite a sharp edge.
The people that pay 15 pound for premium are so smart 😂
I hope starling up there game with a premium account or plus
It'd have to be adding something worth paying for though. Not sure what that would be!
Tbh I don't think this product is worth £15 a month. Revolut metal offers more features for £12.99 a month which has more value. A lot of people will only get it because its metal and the premium feel. And its not worth it when you're not travelling atm
Revolut isn't even a bank. You're money is not protected with them if they were to fold. Their customer service is horrific and many people have their accounts closed down for tedious thing.
I laugh when people recommend Revolut lol
I do find "Metal" card premium options that the likes of Curve, Bunq, Revolut and now Monzo provide are quite gimmiky! The main benefits appear to be insurance and travel, however there are better alternatives.
You could probably shop around for decent travel insurance and there are better cards avilable to avoid FX fees. I would recommend Starling, Currensea, Transferwise and Curve (free) as a backup. Just my opinion....
@@interestedtechy6034 the product is still quite similar to Monzo Premium as well as Curve Metal but better in terms of benefits. With reward accounts, I personally think traditional banks offer a more wider range of benefits. I've seen that also of Revolut closing accounts randomly, I wouldn't trust it fully as your money isn't protected but a lot of people do use it mainly for travel purposes because of the benefits
MONZO HAS THE WORST CUSTOMER SERVICE
please make the videos shorter mate next time. thanks for this
Double speed playback is your friend
Jesus you don't half waffle on mate, and wheres the card? Thumbnails misleading
I found the video great.