How to Apply for your Monzo Flex Credit Card
The Monzo Flex Credit Card is a UK-based award-winning credit card that provides pay-later facilities for up to 3 months without interest. It has flexible credit limits and tailored repayment options.
Monzo Flex Credit Card Benefits
The major advantages of this card are:
- Flexible Repayment Terms: Monzo Flex Credit Card allows you to pay back with flexible terms. Pay in full on your next payment date and enjoy an interest-free purchase. You are covered for bigger buys, with no interest on purchases of £100 or more paid over 3 months—29% representative APR on everything else for up to 24 monthly payments.
- Travel Benefits: The Monzo Flex Credit Card is ideal for traveling if you book your trip with it and are away. Making purchases overseas doesn’t charge fees, and the Mastercard exchange has no fees or extra charges.
- Break Down Purchase: Monzo Flex is always transparent on billing. Everything will be broken down in your plan with no hidden costs. You will be aware of what you are paying each month, what you have already paid, or what you have been refunded for.
- Real-Time Notification: Get notifications on real-time balance updates, and freeze and defrost your card from the app. Additionally, you will see which purchases you are still paying and which you have paid off.
- Purchases Protection: Monzo Flex enables you to buy without worrying. If you buy between £100 and £30,000 and receive faulty products or never turn up, you will get your money back with the Monzo Flex purchase protection. This purchase protection covers eligible online and in-store purchases. You can even claim a down payment you make using the Flex Credit Card.
- Build Credit Score: You can build a good credit score with the Monzo Flex Credit Card if you make timely payments and stay within your credit limit.
What You Should Have to Apply
The first prerequisite to applying for the Flex credit card is a Monzo current account. Besides those:
- Have a Monzo current account.
- Be a resident of the United Kingdom
- Be at least 18 years old
Having a good credit history increases the chances for approval. Also, you need to verify your identity, So you should be able to take a selfie video on your smartphone.
About Monzo Bank
Monzo Bank Limited is a UK-based online bank headquartered in London, England. It is considered one of the earliest app-based banks in the UK. The bank was founded on February 18, 2015, by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield.
It started its activities through a mobile app and a prepaid debit card but in 2017 the bank got a UK banking licence and started offering a full current account.
In February 2016, Monzo unlocked a record for the quickest crowd-funding campaign in history by raising £1 million in 96 seconds from an investment platform. Within October 2018, Monzo reached one million customers. Currently, around 3,700 employees are working for Monzo.
Who is this card for?
The ideal user for the Monzo Flex Credit Card is someone who values convenience and flexibility in managing their finances. Since a Monzo current account is required, they are familiar with digital banking and prefer handling their finances through a smartphone app.
The card’s 0% interest on larger purchases is appealing to those who need flexible payment options for bigger expenses.
It’s also perfect for travelers, as it doesn’t charge fees for overseas transactions. This user seeks simplicity, transparent fees, and the convenience of full financial control in real-time.
Step by step to apply for the card
The first thing to apply for a Monzo Flex credit card is a Monzo current account. If you are a Monzo current account holder, you can apply for a Flex credit card on the Monzo app. But if do not have an account, first open an account. To open an account,
- Be sure if you’re eligible: to apply for this card, you need to meet all eligibility criteria settled by Monzo Bank
- Start your application: You can visit the Monzo Flex Credit Card page and press the “Open a Monzo account” button or download the Monzo mobile app from the Play Store or Apple Store. You will be asked to provide your email address to begin the registration.
- Application form: fill out the registration form provided by Monzo Bank with your personal and financial details such as name, phone number, residency status, income, and more.
- Steps before submitting: before submitting your application form, review the information provided to ensure accuracy and avoid delays.
- Approval: in a short time, Monzo Bank will inform you about your application, if you’re approved, in a few days your card will be sent to you.
Monzo Flex Credit Card Pros and Cons
Pros
- This card has flexible repayment terms with no interest.
- No Foreign Transaction Fees
- Starting credit limit up to £3,000
- You can break down your purchase and get real-time notification
- Purchase Protection
- It can help you build a good credit score.
Cons
- Not everyone will be approved for higher credit limits
- Absence of points or miles
- There is a basic card, so it doesn’t offer luxurious benefits
- Failing to repay on time can negatively impact your credit score.
Monzo Flex Credit Card Fees and Tariffs
See below the fees associated with this credit card:
- Starting credit limit: up to £3,000
- APR representative (variable): 29%
- Interest-free purchases: split payments up to 3 months interest-free
Monzo Bank Customer Service
Monzo allows you to chat 24/7 on the mobile app in urgent situations such as card stolen, urgent payment issues, fraud, or vulnerable positions.
Call them on 0800 802 1281 from the UK and if you’re abroad, you can call +44 20 3872 0620.
You can download the app with a quick scan or you can download it from the Play Store or Apple Store.