Flex holiday spending query

Help
1

Hi everyone,

Sorry if this is the wrong place to ask this, but I haven’t been able to get a definitive answer for this anywhere, so hopefully you can help!

I have a Flex card and am planning to use it on an upcoming holiday. If I use it for everything while I’m on holiday, from beers to chocolate bars to bus tickets, will I basically be able to pay all my holiday spending off over 3 months interest free?

It hasn’t been too easy to find the answer to this, and Monzo’s help seems to infer that the 3 month thing only applies to a purchase over £100

Thanks for any help!

2

It is correct for anything over £100 for new customers, unsure if older sign ups are removed from this caveat.

Otherwise; yes. You can use flex anywhere that accepts Mastercard, and depending on the age of your account, Flex it over 3 months interest free.

3

Ah so I can’t do that then, I’m a new Flex holder.

I was hoping I could put all my spending on it but if there’s £100 minimum in order to be able to Flex it over 3 months then there’s not much point using it for that

4

I mean, is putting a pina colada for €5 over 3 months interest free really a thing?

5

No but if all the drinks, dinners, etc all add up to a couple of thousand for me and my family then that lump is worth splitting over 3 months?

6

If Flex didn’t exist, how would you pay for it all? Credit card and get the 60 days ish? Debit card?

You can put it all on Flex still, then when you get back pay off any that were less than £100 and any others split over 3 months.

Interest on a £99 purchase over 3 months isn’t going to be huge anyway. I guess it just depends how much that will be in total!

7

I normally put all the holiday spending on a credit card with no foreign transaction fees and then pay the lump (which can be quite big) off over a couple of months.

I was kind of hoping that I could use Flex instead and get 3 months without any interest but it doesn’t look like that’s the case unfortunately

8

This is what I do - also how I found out that Amex does not have FX free spending which I stupidly assumed it did

If you could somehow transfer money to yourself using the card in a way that didn’t count as a cash advance over £100 that might work. i.e Curve, PayPal G&S… probably not worth the bother though

9

Doesn’t flex have money transfers now?

10

You have to meet specific eligibility requirements I think.

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11

I just bought something for £18 and Flex came up with the option to pay back how I like, with 3 months as an option?

Does that mean I can do it with all my purchases on the card?

12

Yes, but you’re probably going to be charged interest on those 3 months as it is under the £100 limit.

Could we maybe see a screenshot to get a bit more of an idea as to what you are seeing?

13

I see, thank you, I understand it now! I hadn’t realised that the pay in 3 option was still available for purchases under £100 but they have 29% interest on them.

So this is much worse than my standard credit card for holidays in that case.

14

I used Flex this summer in Tenerife

We could use the 3 month interest free option on anything over 3 euros

There’s any option to choose a payment plan for every purchase

My wife signed up for a Monzo flex account a couple of weeks before the holiday and could do the same

Hope that helps

15

Now I’m confused again haha

I don’t have that option, when I choose 3 months it adds interest?

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16

Some people have interest free 3 months on under £100 payments, some don’t.

You can only go off what you have, which is interest in payments under £100 having interest over 3 months

17

I’m really sorry, I didn’t realise it’s not applied to every account. Why would that even be a thing? Luck of the draw? If so, close the account and apply again lol

18

No, the rules changed recently. It’s not lucky dip. The new T&C state that it’s £100+ that gets 0% for 3 months. That’s for everyone who signs up after the change.

19

Ah fair enough. I’ve just been on the Monzo website and it says £100. We were fortunate enough to get one before that condition, luckily for us

Sorry for the bum information

20

Don’t worry about it - you weren’t to know, and a lot of things people say on here (and other places) are based on their own experience - but Monzo’s started varying experiences of a lot of things for different people.

Introduction of interest on < £100 spent is covered here:

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