A money reserve available at any time
Revolving credit is a permanent credit facility made available to you by Fidexico in the form of a cash reserve that you use freely, in whole or in part, according to your needs. Each repayment automatically replenishes your available reserve. The Decreto-Lei No. 133/2009 fundamentally reformed this product to better protect consumers: limited repayment period, enhanced information, mandatory annual contract review.
Fidexico revolving credit operates in two distinct modes. In cash mode, you use your reserve like a deferred debit card: amounts are debited the following month with no interest. In credit mode, you repay in monthly instalments at the APR specified in the contract. You choose the mode at the time of each use, giving you optimal flexibility according to your cash flow needs.
In accordance with Portuguese consumer credit law, the revolving credit agreement is subject to a mandatory annual review. Each year, Fidexico checks your financial situation and may maintain, reduce or propose an increase to your credit limit. You may cancel your contract at any time and at no cost, provided the balance is zero. The applicable APR is reviewed annually within the usury rate limits set by the Banco de Portugal.
Financial features
| Reserve amount | From €500 to €6,000 |
| Cash mode | 0% interest — debited the month following use |
| Credit mode (APR) | From 3.5% (variable — reviewed annually) |
| Cash withdrawal | Possible — same APR as credit mode + commission |
| Annual review | Mandatory — verification of your solvency each year |
| Cancellation | Free at any time, zero balance — art. L.312-93 applicable Portuguese law |
| Withdrawal period | 14 calendar days from subscription |
| Repayment period | Based on amount used — minimum monthly payments defined in the contract |
Eligibility conditions
Required documents
Benefits of Fidexico revolving credit
Renewable reserve
Every euro repaid immediately replenishes your available reserve. You don't need to make a new credit application each time you need funds: your reserve is permanently available, within your contractual limit.
0% cash mode
By using your credit in cash mode, you benefit from deferred debit with no interest: the amounts used are debited the following month, exactly like a deferred debit payment card. This mode is particularly advantageous for expenses you can settle at the end of the month.
Consumer protection
Fidexico revolving credit fully complies with the Portuguese consumer credit rules (Decreto-Lei No. 133/2009) provisions: enhanced pre-contractual information, standardised withdrawal form, mandatory annual review, option for immediate cancellation, and systematic information about alternatives (personal loan) for any use exceeding €1,000.
Frequently asked questions — Revolving credit
Cash mode (or deferred debit) allows you to use your reserve without paying interest: amounts spent are debited from your bank account the following month, in one go. It is the most advantageous mode. Credit mode, on the other hand, allows you to repay in several monthly instalments, but interest is charged at the APR in your contract. You choose the mode each time you use your reserve. If in doubt, always prefer cash mode if you can repay the full amount the following month.
You can cancel your revolving credit agreement at any time and at no cost, provided your balance is zero (no amounts used and not yet repaid). To do so, send a written cancellation request (registered letter or secure message in your customer area) to Fidexico customer service. Cancellation takes effect within 7 working days. If your balance is not zero, you must first repay all outstanding amounts before cancelling.
Yes. At the mandatory annual review of your contract, Fidexico may propose an increase to your credit limit, subject to verification of your current solvency. You are free to accept or refuse this proposal. If you accept, the new conditions are communicated to you and you have 20 calendar days to accept or refuse, in accordance with article L.312-78 of applicable Portuguese law.
Legal warning: Credit is a commitment and must be repaid. Check your repayment capacity before taking out a loan. Revolving credit may not be suitable for major purchases.
Variable APR, non-contractual, given as an indication, subject to annual revision within the usury rate limits. Fidexico S.A., NIPC 503533726, Banco de Portugal, ASF (Portugal). Decreto-Lei No. 133/2009.