I assume it’s the same reason not everyone is eligible for every credit card there is. There are some restrictions to those who have a low credit score, have a not-so-good history or can’t be trusted with directly transferring money to another account. After all, you can’t really claim back money the same way you can when you purchase something online via a chargeback.
4 Likes
Does anyone have this in the app yet?
1 Like
I don’t have it yet but we’re still borderline within the expected timeline.
Can’t wait to see it Monday morning 
2 Likes
So basically the very same people that wouldn’t necessarily be approved for Flex so once again why?
Apologies for those who feel I’m a bit like a dog with a bone on this but it seems an weird artificial block but who knows hence the question…
Perhaps you’d trust a uni student with a Flex account because any purchase made can be charged back but cannot be trusted with Flex pay to another account because that amount cannot be charged back.
1 Like
Still an extremely weird reason to stop certain people from using a feature if that’s truly the case. Still hopefully someone official will have their say as to why.
Its one I doubt you will get an answer too, just like every other credit application is opaque to why you were denied.
Thanks a lot, that makes the most sense.
1 Like
You’ve spat that coffee out and you’ve still got two installments left on it.
I’ve got a helpful Credit insight telling me I should Flex a couple of transactions because it’s not good having a zero balance on my Flex. Cheeky monkeys.
3 Likes
Such a shame they have put the limit to £100 or more now kinda makes it more like klarna and not so unique anymore I used this flex option for lots of things under £100 interest free, maybe this is why they are changing it so they can make interest on people who spend under £100 and don’t pay back in full, definitely a step back in my opinion as it is one of the things I really liked about flex being able to basically flex pretty much any amount.
1 Like
They are not taking it away from people that already have it.
1 Like
I don’t care about S75 for most of what I buy with Flex. I do it for cash flow and to spread things out.
I might buy something for £50, I could pay that now but I can also split it over 3 months so that I can buy 3 things for £50 and spend £50 a month still.
2 Likes
The thing I liked is that literally anything is interest free no matter how little you spend or how much you spent, I went on holiday a couple of months ago and used my flex card on interest free for 3 months on everything I paid for, I accumulated in the time I was there very near 1K but knowing every purchase I made was interest free and knowing once the end total was calculated up I could then just spread it over 3 months was brilliant, £100 or more isn’t anything unique I might as well just use klarna, only difference is klarna take the first payment immediately, I guess it comes down to how you use the card but for me it was the reason I got the card knowing 3 months interest free no matter what you buy, thankfully I’ve still got that being an existing customer but I doubt it’ll last too much longer unfortunately.
I think it’s a step in the right direction. One thing I’ve never liked about flex is the weird switcharoo mindset Monzo seem to have around whether it’s a BNPL card that is a credit card, or a credit card with a decent way of doing Installments.
This feels like they’ve come of the fence and decided the latter which is nice. Means they can spend more time making flex the innovate credit card I think some people* would like it to be.
*For others it worked fine probably so can’t say all would like the change. I do personally.
OH literally applied for Flex this past week and got it, but the £100 minimum for the 0% over 3 months option is not part of her Flex offer. She is, however (like me), a longstanding Monzo debit card a/c holder.
So when it’s been noted earlier in this thread that this ’limitation’ only applies to NEW customers at present, presumably NEW actually mean customers who are COMPLETELY NEW to Monzo?
Or new to Flex…
She’s new to Flex this week and her first trx of £50-odd was eligible to flex over 3 months at 0%, so what defines a new customer for whom this trx would not be eligible for flex over 3 months at 0%? Just curious about that really!
Internal 
algorithm based on risk. What are the input data points feeding the algorithm and the resulting calculated risk based on the available KYC data? We’ll never know 
1 Like
Fair enough. My reading of it was that it applied to all new customers going forwards from a couple of months ago. But sounds like it’s a bit more complicated than that…
2 Likes