Monzo Aura Arrives as UK's First Credit Card to Automatically Invest Your Cashback
Monzo Aura Arrives as UK’s First Credit Card to Automatically Invest Your Cashback #
Monzo has unveiled Monzo Aura, a premium metal credit card that the UK digital bank says is a first for the British market: a credit card that automatically routes cashback earnings into investment funds on the customer’s behalf.
The iridescent metal card carries a monthly fee of £15 (£180 annually) and earns 1% cashback on grocery spending at major UK supermarkets and 0.5% on all other purchases, with no cap on either rate, according to the company’s product page. That cashback can be paid out directly to the customer or channelled automatically into a selection of fee-free Monzo investment funds.
Monzo is positioning Aura as a tool for long-term financial planning, arguing that linking everyday card spending to passive investing removes friction for consumers who want to grow wealth without actively managing it. Customers will need an existing Monzo current account to be eligible, and a credit limit of up to £15,000 is available, subject to standard eligibility checks.
Beyond the auto-invest feature, Aura includes a free Apple TV subscription, Google AI Plus with two terabytes of cloud storage shareable with up to five family members, and two airport lounge passes and two airport fast-track passes per year, according to Tech.eu. Monzo says the combined value of the benefits package exceeds £360 annually, more than double the card’s yearly fee.
The card also offers 0% interest over a three-month period for purchases of £100 or more when placed on a structured repayment plan. Cardholders who miss payments risk losing that 0% rate and may see their credit score affected.
Consumer group Which? noted that Aura faces competition from established cashback cards. American Express, for example, offers an introductory 5% cashback rate for the first several months and charges a significantly lower annual fee of £25, though it does not include the auto-invest functionality that distinguishes Monzo’s card.
With a three-month minimum term and a £180-per-year price tag, Aura is unlikely to appeal to cost-conscious borrowers. Monzo appears to be targeting customers willing to pay a premium for a product that combines credit, rewards, and investing in a single app. The card is the latest addition to the challenger bank’s wealth management offerings, which already include investment and savings products.
Copy link