Cashback
0.5%
Fee to spend abroad
0%, no foreign transaction fees. Converts at the Mastercard exchange rate
Monthly fee
£15
Lounge access
Included
Cashback
How It Stacks Up
Joint 24th of 59
Reward cards we track
- Average earn rate
- 0.73%
- 0.23% worse
- Best earn rate
- 3.00%
- 2.50% worse
From cards listed on DepositScout.
Holding this card costs £15 a month.
Earning up to 1%
To qualify
- Monzo current account required.
- 1%Groceries
- 0.5%Everything else
Where 1% applies
No cashback on money transfers, the monthly fee, or purchases moved across from a Monzo current account.
Using this card abroad
Joint 1st of 105
For the fee to spend abroad
64 of the 105 cards we compare also charge nothing abroad.
- Average fee abroad
- 1.10%
- 1.10% better
- Best fee abroad
- 0%
- About the same
From cards listed on DepositScout.
What £100 buys
Working out the rate…
Good to Know
- Who can get it
You need a Monzo current account. UK residents 18+.
- Spending abroad
No foreign exchange fee on card spending abroad (Mastercard rate).
- Cover and perks
Uncapped cashback, no foreign exchange fee, Apple TV, Google AI Plus 2TB, two lounge and two fast-track passes a year, and fee-free Monzo Investments.
- Apple TV
- Google AI Plus with 2TB storage
- 2 airport lounge passes and 2 fast-track passes a year, discounted passes after that
- Monzo Investments platform fee waived on Stocks & Shares ISA and GIA
- Metal card
- 0% over 3 months on purchases of £100 or more (Flex)
- Borrowing
64.2% (variable) including the £15 monthly fee APR representative.
- Protection
Section 75 covers purchases of £100–£30,000.
- Also worth knowing
Hard credit search when you apply, unless you already have Flex. 3-month minimum term.
Worth Weighing Up
- Con: £15 a month with a 3-month minimum, added to your card balance.
- Con: Cashback alone needs about £1,500 a month on groceries (or £3,000 on other spend) to cover the fee.
- Con: Unpaid cashback is lost if you close the card, and the investing fee returns when you leave.
