Approval for any credit card will depend on your status. The APR shown represents 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.
Fluid Credit Card review January 2020
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.
Finder rating: ★★★★★
Doing its job: 3.5/5
In a nutshell:
0% interest on balance transfers
|Balance transfers||0% for 9 months reverting to 29.94%|
|Balance transfer fee||4% for 9 months reverting to 5%|
|Purchases interest-free period||Up to 48 days|
|Min. credit limit||£300|
|Max credit limit||Not specified|
|Additional cards available||1|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
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.
Compare against other balance transfer credit cards for less-than-perfect credit
When it comes to repayments, you can make manual repayments online or over the phone (0333 414 1090), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates 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).