In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

Fluid Credit Card review

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Fluid Credit Card
4.0
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% APR (variable).
Minimum credit limit
£250
Interest-free each billing period
Up to 48 days
Account fee
£0

Our verdict

Want to clear existing card debt but don't have perfect credit? The Fluid card could help you get debt-free faster and more cheaply.

There are plenty of headline-grabbing, ultra-long balance transfer deals on the market, but the trouble is, they're generally reserved for the very best credit scores.

Thankfully, options for "near-prime" credit are emerging and the Fluid Credit Card is one of them.

With this card you could enjoy 9 months where you're not paying interest on any existing card debt that you bring across, but you will incur a relatively high transfer fee of 4%. However, once your grace period ends, the card then begins to charge fairly high and variable rates.

You can check your eligibility before applying, without affecting your credit score, and Newday states that you'll get a response within 60 seconds.

If you have reasonable-but-not-fantastic credit and you're paying interest on existing card debt, the Fluid card is a respectable option, albeit perhaps not one for the long-term. Provided you use the card responsibly and clear as much as possible of your debt during the 0% period, it could function well as a "stepping stone" product to cards with better rates.

Pros

  • Fast and straightforward application process, with a same-day decision.
  • You can get multiple cards for free and set a different spending limit on each of them.
  • No commission on non-sterling transactions.
  • Different credit card options available, with or without annual fee.

Cons

  • Credit card cashback is a premium feature.
  • Capital on Tap is only a lender, so you’ll need another bank for the rest of your financial needs.

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

Details

Product Overview

Issuer NewDay Ltd
Network Mastercard
Annual/monthly fees £0
Balance transfers 0% for 9 months reverting to 34.94%
Balance transfer fee 3% for 9 months reverting to 5%
Purchases 34.94%
Purchases interest-free period Up to 48 days
Money transfers 34.94%
Cash advances 44.94%
Minimum credit limit £250
Maximum credit limit Subject to status: £4,000
Additional cards available 1
Potential costs 3.5 ★★★★★
Doing its job 4.5 ★★★★★
Extras 4.0 ★★★★★
Overall Finder score 4.0 ★★★★★

Fees and charges

Minimum monthly payment 1% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance.
Annual/monthly fees £0
Balance transfer fee 3% for 9 months reverting to 5%
Money transfer fee 3% (min. £3)
Foreign usage charge (EU) 2.95%
Foreign usage charge (rest of world) 2.95%
Cash advance fee 5% (min. £4)
Late payment fee £12
Exceeding limit fee £12
Additional card fee £0
Dormancy fee £0

Application Requirements

Minimum Age 18
Minimum income £5,000
Residency UK resident
Availability Available to new customers
Additional Criteria You must be employed or self-employed and must not have been declared bankrupt in the past 18 months or received a CCJ in the past year.

The Fluid Credit Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.

Compare against other balance transfer credit cards for less-than-perfect credit

Table: sorted by length of 0% balance transfer offer, promoted deals first
1 - 12 of 12
Name Product Finder score Finder score Balance transfers Balance transfer fee Purchases Annual/monthly fees Representative APR Incentive Link
NatWest Purchase & Balance Transfer Credit Card
4.0
★★★★★
★★★★★
Expert analysis
0% for 19 months reverting to 24.9%
2.99%
0% for 19 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
Royal Bank of Scotland Balance Transfer Credit Card
3.5
★★★★★
★★★★★
Expert analysis
0% for 13 months reverting to 24.9%
0%
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
NatWest Balance Transfer Credit Card
3.5
★★★★★
★★★★★
Expert analysis
0% for 13 months reverting to 24.9%
0%
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
Royal Bank of Scotland Purchase & Balance Transfer Credit Card
4.0
★★★★★
★★★★★
Expert analysis
0% for 19 months reverting to 24.9%
2.99%
0% for 19 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Go to site
Ulster Bank Purchase & Balance Transfer Credit Card Mastercard
3.5
★★★★★
★★★★★
Expert analysis
0% for 19 months reverting to 24.9%
2.99%
0% for 19 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Ulster Bank Balance Transfer Credit Card
3.5
★★★★★
★★★★★
Expert analysis
0% for 13 months reverting to 24.9%
0%
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Barclaycard Platinum 20 Month Balance Transfer Visa
4.0
★★★★★
★★★★★
Expert analysis
0% for 20 months reverting to 24.9%
1.99%
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Barclaycard Platinum 12 Month Balance Transfer Visa
3.5
★★★★★
★★★★★
Expert analysis
0% for 12 months reverting to 24.9%
0%
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Barclaycard Platinum all-rounder Visa
4.0
★★★★★
★★★★★
Expert analysis
0% for 20 months reverting to 24.9%
2.99%
0% for 21 months reverting to 24.9%
£0
24.9% APR (variable)
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Tesco Bank Clubcard Low Fee Balance Transfer Mastercard
4.0
★★★★★
★★★★★
Expert analysis
0% for 15 months reverting to 24.9%
0.99% for 15 months reverting to 3.99%
24.9%
£0
24.9% APR (variable)
5 points per £4 spent in Tesco, 1 point per £8 spent outside Tesco and 1 point per £4 spent on Tesco fuel (excluding Esso) plus 1 point for every 1 litre bought. 100 points = £1 in vouchers
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Post Office Classic Card
4.0
★★★★★
★★★★★
Expert analysis
0% for up to 12 months reverting to 34.94% (subject to status)
2.9%
0% for up to 12 months reverting to 34.94% (subject to status)
£0
34.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% APR (variable).
Fluid Credit Card
4.0
★★★★★
★★★★★
Expert analysis
0% for 9 months reverting to 34.94%
3% for 9 months reverting to 5%
34.94%
£0
34.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 34.94% (variable) p.a., your representative rate is 34.9% APR (variable).
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Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Fluid's app by logging in to your online banking or over the phone (0333 414 1090). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Fluid Credit Card

First check your eligibility – you can do this on the Fluid site using its "FastCheck" service. This doesn't take long and it won't affect your credit rating, because it uses a "soft" credit search. If this indicates that your application would have a good chance of success, you can go ahead and apply. The folks over at Fluid will then request a "hard" search of your credit file – as any responsible lender would – which has a small, usually short-lived negative effect on your score.

You'll get a response "in minutes", and provided it's good news, your card should be with you within 14 days. Don't forget to sign the back and activate the card (call 0808 156 6590).

Frequently asked questions

What credit limit will I get with the Fluid Credit Card?

If NewDay Ltd offers you this deal, it will specify a personalised credit limit based on NewDay Ltd's assessment of your situation. The minimum limit offered on the card is £250, while the maximum is £4,000. Once you've had the card for a while and shown NewDay Ltd you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Fluid Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Fluid Credit Card is 5% (min. £4). For example, if you withdraw £50, you'll incur a fee of £4.00. Withdraw £250 and you'll incur a rather painful fee of £12.50.

The interest rate on this part of your balance will be 44.94%, which is 29% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 48 days interest-free" grace period won't apply).

How much does it cost to use the Fluid Credit Card abroad?

Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£170.84), it'll cost you around £5.04 in fees.

What is the minimum payment on the Fluid Credit Card?

Each month, you must pay at least 1% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money, which can lead to persistent debt.

Can I transfer money from the Fluid Credit Card to a bank account?

Yes. That's what's known as a "money transfer" (rather than a "balance transfer") in credit card jargon. You can arrange this from your online banking or using NewDay Ltd's app. This part of your card balance will incur interest of 34.94%. The fee for a money transfer is 3% (min. £3).

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score credit builder credit cards to determine their value against similar products on the market. We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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