Zip Money

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Zip Money

Highlights

  • The better way to pay for life's bigger buys.
  • Guaranteed 0% interest for 3 months on all transactions. Promotional offers between 6-48 months depending on where you shop. The interest-free period is determined by the merchant you shop with. 25.9% p.a after your interest-free period expires.
  • Above $1000 credit limit. Customers may apply through a merchant for accounts greater than $5000.
  • Determined according to the credit limit of the account. Minimum repayments start at $40 per month.


Disclaimer: Available to approved applicants only. Minimum monthly repayments are required. Paying only the minimum monthly repayment amount will generally not repay out the purchase within the interest free period.  Any balance outstanding at the expiry of the interest free will be charged at the standard annual percentage rate, currently 25.9%. A $9.95 monthly account fee applies. A one-off establishment fee may apply for new customers. Terms & Conditions apply and are available on application. See your contract for further details. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878).

Pros and cons

Pros

  • 0% interest for 3 months.
  • Account fee of $9.95 is waived if you have no outstanding balance at the end of the month.
  • Enjoy product features such as Zip Bills, Gift Cards, Shop Everywhere and Refer a Friend.
  • The establishment fee starts at $0.

Cons

  • There is a $15 late payment fee if minimum repayment is not paid within 21 days of due date.

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    As seen on

    Media - The Sydney Morning Herald
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    Media - News.com.au
    Media - Daily Mail Australia
    Media - Australian Fintech
    Media - Dynamic Business