If you want to put the brakes on all the credit card interest you are being charged, a Fluid credit card can help. Although accumulating credit card balances can almost feel quite normal, over time that balance will grow and grow so that you are stuck just paying interest instead of making any headway on your balance.
Given the instability of prime rate each year, you never know what you’re going to be in for from year-to-year. In order to get out of that loop you might want some help and we may just have found that help for you. The Fluid credit card gives you the opportunity to transfer balances from your other cards for a low fee. The big perk here is that for 9 months they will not charge you interest on that balance. If you play your cards right, you could eliminate that debt within that nine months.
This is an opportunity to clean up your finances, but it will only work if you have a plan. If you transfer your balance only to fill up your old cards again, you will be stuck in a spiral. To take advantage of what Fluid has to offer you need to be serious about getting on track. Our editos have looked into what the Fluid credit card can offer and compiled the details below. Read through everything before deciding whether this card is right for you.
What Is A Balance Transfer Credit Card?
Basically, a balance transfer credit card is just like a normal card but with a lower interest for moving balances from another card. Consolidating the credit card debt is easier using a balance transfer card because you can easily track the amount to settle plus a minimum interest.
The Fluid Credit Card is an example of a balance transfer card; it guarantees a zero percent interest rate for balance transfers within the introductory period of 9 months. After this period, a 5% interest is charged for every balance transfer.
What are the Features of a Fluid Credit Card?
The main feature of the Fluid Credit Card is the generous introductory promotion for balance transfers. Other features include quick response or decision of 60 seconds, after card application, guaranteed no impact on your credit rating.
The credit card also provides access to an Online Account Manager where you can access your monthly bill 24/7 and make payments. This portal also lets you set up automatic Direct Debits and track card transactions.
Another reason to love the Fluid Credit Card is the longer interest-free period of 48 days. This will give you more breathing space before paying for your debt and other charges. The minimum credit limit for this card is £300, while the maximum credit limit is subject to status.
What are the Fees of a Fluid Credit Card?
The Fluid Credit Card is fairly affordable because it doesn’t have an annual fee and its monthly interest rate of 2.20% to 3.991% for both purchases and balance transfers. A minimum payment of 1% of the full amount you owe is needed, plus interest.
For international purchases, a non-sterling transaction fee of 2.95% is charged on the card plus payment scheme exchange rate. If you missed the due date, a £12 charge is added on top of your bill.
How to Apply for a Fluid Credit Card
To apply, you can check your eligibility at the Fluid website and register an account. The minimum requirements for opening a credit card account are:
Be over 18 years old
Have permanent UK address for the last three years
Have an active UK bank account
Haven’t declared bankruptcy for the past 18 months
Overall, the Fluid Credit Card is perfect for people who carry a credit card debt from other banks. With zero interest for balance transfers within the first 9 months of account opening, cardholders can save money on additional charges. Contact Fluid today to inquire about the balance transfer credit card.
How to Contact Fluid
7 Handyside Street, London,
If you have concerns and other inquiries, you can contact 0333-414-1090 or +44-333-414-1090 if you are calling from abroad.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.