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Requirements for the Fluid Credit Card

The Fluid Credit Card is designed for UK residents looking to reduce their credit card costs through balance transfers. Before applying, ensure you meet the eligibility criteria and understand the application requirements.

Fluid Credit Card Requirements

How to Qualify for the Fluid Credit Card

To be eligible for the Fluid Credit Card, you must meet several fundamental requirements designed to ensure responsible lending and regulatory compliance:

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Age Requirement: You must be at least 18 years old to apply for this credit card, in accordance with UK consumer credit regulations.
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UK Residency: You must have a permanent UK address. This requirement ensures the lender can verify your identity and operate within UK regulatory frameworks.
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UK Bank Account: You must have a current UK bank or building society account in your name. This is essential for making payments and managing your credit card account.
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No Bankruptcy Proceedings: You must not currently have any bankruptcy proceedings against you, ensuring you have the legal capacity to enter into a credit agreement.
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Credit History: A reasonable credit history is required. The card provider will conduct a credit check to assess your creditworthiness and determine your credit limit.

Exclusion Criteria

You are not eligible for a Fluid Credit Card if you meet any of the following conditions:

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Recent Bankruptcy: If you have been declared bankrupt in the past 18 months, you cannot apply for a Fluid card during this period.
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Recent CCJ: If you have received a County Court Judgement (CCJ) in the past 12 months, you are not eligible to apply.
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Existing Fluid Cardholder: If you already have a Fluid card, you cannot apply for another one.
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Recent NewDay Cards: If you have taken out a Marbles, Opus, or Aqua card (all NewDay products) in the past 12 months, you are not eligible for a Fluid card during this period.

Required Documentation

When applying for the Fluid Credit Card, you'll typically need to provide the following documentation to verify your identity and financial circumstances:

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Proof of Identity: A valid form of photo identification such as a current UK passport, UK driving licence (photocard), or biometric residence permit.
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Proof of Address: Recent documents dated within the last three months, such as utility bills (gas, electricity, water), council tax statements, bank statements, or HMRC correspondence showing your permanent UK address.
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Bank Account Details: Details of your current UK bank or building society account, including account number and sort code, for setting up Direct Debits and managing payments.
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Financial Information: Details about your employment status, income, and existing financial commitments to assess affordability and determine an appropriate credit limit.

Understanding the Costs

Before applying for the Fluid Credit Card, it's essential to understand the associated costs and interest rates:

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Representative APR: 34.9% (variable). This includes a purchase interest rate of 34.94% p.a. (variable) based on an assumed credit limit of £1,200. The actual APR and credit limit you receive will depend on your individual circumstances and creditworthiness.
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Balance Transfer Offer: 0% interest on balance transfers for 9 months from account opening, with a 3% balance transfer fee. This offer must be used within the first 60 days of account opening. After the 9-month promotional period, your standard purchase rate will apply.
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Credit Limits: Initial credit limits range from £250 to £4,000, depending on your credit assessment. The maximum balance you can transfer cannot exceed 90% of your credit limit (including the balance transfer fee).
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Annual Fee: The Fluid Credit Card does not charge an annual fee, making it an accessible option for those seeking balance transfer facilities without additional yearly costs.
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Late Payment Charges: Missing payments or exceeding your credit limit will result in extra charges and you will forfeit the 0% balance transfer offer. This could also make future credit more difficult and expensive to obtain.
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Benefits and Features Summary

The Fluid Credit Card offers several attractive features that make it appealing for those looking to manage existing credit card debt:

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Interest-Free Period: Enjoy 9 months of 0% interest on balance transfers, allowing more of your repayments to go towards clearing your debt rather than paying interest charges.
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FastCheck Eligibility: Check your eligibility in just 60 seconds with no impact on your credit rating, using a soft credit search that won't appear on your credit file.
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Online Account Manager: Manage your account 24/7 through a secure online portal, with access to statements, balance information, payment facilities, and credit health tools.
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Digital Wallet Support: Add your Fluid card to Apple Pay or Google Pay for fast, secure contactless payments online, in apps, or in-store.
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Savings Calculator: Use the online calculator to estimate how much you could save by transferring your balance to Fluid, helping you make an informed decision.

Application Process

Applying for the Fluid Credit Card is straightforward. Follow these steps to complete your application:

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Use FastCheck Eligibility Tool: Visit the Fluid website and use the FastCheck tool to see if you're likely to be approved. This soft credit search takes 60 seconds and won't affect your credit score.
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Complete the Application Form: Fill in the online application with your personal details, contact information, employment status, income, and existing financial commitments. Ensure all information is accurate and up-to-date.
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Credit Assessment: Once you submit your full application, NewDay Ltd will conduct a comprehensive credit check to assess your creditworthiness and determine your credit limit.
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Receive Decision: Most applicants receive a decision quickly. If approved, you'll be informed of your credit limit and can expect to receive your Fluid card by post within 7-10 working days.
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Activate and Transfer: Once your card arrives, activate it and register for the Online Account Manager. Remember to request any balance transfers within the first 60 days to take advantage of the 0% offer.

Frequently Asked Questions

Will checking my eligibility affect my credit score?

No. The FastCheck eligibility tool uses a soft credit search that won't appear on your credit file and won't impact your credit score. Only submitting a full application results in a hard credit check.

How long do I have to request a balance transfer?

You must request any balance transfers within the first 60 days of opening your Fluid account to qualify for the 0% interest offer for 9 months.

What happens after the 9-month promotional period?

After the 9-month 0% period ends, any remaining balance will be subject to the standard purchase interest rate of 34.94% p.a. (variable). It's important to plan your repayments to clear as much of the balance as possible during the interest-free period.

Can I apply if I have other NewDay cards?

If you currently have a Fluid card, you cannot apply for another. Additionally, if you've taken out a Marbles, Opus, or Aqua card (all NewDay products) in the past 12 months, you're not eligible for a Fluid card during this period.

What is the maximum I can transfer?

The maximum balance you can transfer cannot exceed 90% of your credit limit, including the 3% balance transfer fee. For example, with a £1,000 credit limit, you could transfer up to approximately £873 after accounting for the fee.

Important Disclaimers

Representative Example: Representative 34.9% APR (variable). Interest rate for purchases: 34.94% p.a. (variable), based on an assumed credit limit of £1,200. The APR and credit limit applicable to your account will depend on our assessment of your application.

Credit Subject to Status: Credit only available to UK residents aged 18 and over, subject to status. Terms and conditions apply.

Important Warning: If you don't make repayments on time or stay within your credit limit, you will pay extra charges, forfeit the 0% balance transfer offer, and getting credit in the future may be harder and more expensive. Only borrow what you can afford to repay.

Not Financial Advice: This information is for educational purposes only and does not constitute financial advice. Always review the current terms, interest rates, fees, and eligibility criteria on the Fluid official website before applying. Consider seeking independent financial advice if you're unsure whether this product suits your circumstances.

NewDay Ltd provides credit for the Fluid card. NewDay Ltd (FRN: 690292) is authorised and regulated by the Financial Conduct Authority. Fluid is a registered trade mark of NewDay Cards Ltd.