Zip Pay
Zip Pay is always interest free!* Your purchases through Zip Pay will never incur interest.
Zip Money
Zip Money is an interest-bearing account, however all Zip Money transactions have a minimum 3-month interest free period**. Interest is only incurred after the interest free period on a transaction expires.
Your interest free period may vary depending on which partners you shop with and the promotional terms on offer. Some partners will increase your interest free period on purchases made with them. They can start at a minimum of 3 months and can extend up to 50 months! Please refer to the ‘Promotional Transactions’ section of your contract and contact the partner you’d like to shop with for their interest free offers.
The interest free period applies to the individual purchases on your account rather than the credit limit itself, so it will vary from purchase to purchase. Making repayments within the interest free period will help you avoid paying interest on your purchases.
If you are having trouble viewing your agreed interest free period on one of your transactions, please reach out to the partner offering the promotional terms.
After the interest free period ends, our standard annual interest rate of 23.9% per annum*** will be applied to the remaining balance. Please check your most recent statement to confirm your interest rate.
*Minimum monthly repayments are required. A monthly account fee of $7.95 applies and is subject to change. Pay your closing balance in full by the due date each month and we’ll waive the fee. Available to approved applicants only and subject to completion of satisfactory credit check. Other charges may be payable. T&Cs apply.
**T&Cs and credit approval apply. A monthly account fee of $7.95 will apply. A one-off establishment fee may apply for new customers. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878. Find out morehere.
***Any balance outstanding at the expiry of the interest free period will be charged at the applicable variable rate. For Customers who acquired an account before 1 December 2022, the applicable standard variable rate is 23.9% per annum. For Customers who acquired an account from 1 December 2022, the applicable variable rate is 21.9% per annum. The applicable interest rate is subject to change.