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Have you seen the O2 students and Monzo deal?

Looking for advice if is this is really as good as it seems :D You get 20% off airtime and a Monzo card with £30 credit, when you sign up or upgrade to a new O2 Refresh plan (google O2 students and it comes up!). Seems great and you get to skip the 3 week waiting list for a card! Has anyone already signed up or seen it??
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