We offer two consumer products for our customers: Zip Money and Zip Pay. Both products feature our Single-Use card. You can use any Zip account at any Zip retailer, additionally, you can use our Shop Everywhere feature at any online retailer!
|In-Store and Online||Yes||Yes|
|Minimum Repayment Amount||
$40 minimum monthly repayment (or $80 if the credit limit is greater than $1,500)
|From $40 per month, determined according to the credit limit of the account OR 3% of the outstanding balance, whichever is greater. The higher the credit limit, the higher the minimum monthly repayment may be|
|Credit Limits Available||
$350 - $1,000
(some eligible accounts can increase to $2,000)
|From $1,000 - $5,000 directly, or apply through a merchant for accounts greater than $5,000|
No establishment fee, $7.95 monthly account fee (when a balance is owing, which is waived if the customer pays the statement balance by the due date.)
|Establishment fee based on credit limit from $0-$99, $7.95 monthly account fee (when a balance is owing at the end of the month)|
Guaranteed 0% interest for 3 months, but partners may offer promotional interest-free periods ranging from 6 months to 60 months. Interest at 19.9% p.a after the interest-free period expires
|Pay bills With Zip||Available||Available|
|Direct Debit payment method||Either credit or debit card||Debit card or bank account details|
|Shop Everywhere Single-Use Card||Available||Available (for non-exclusive accounts)|
|TAP & ZIP||Available - Instore only||Not available for Zip Money customers|
Zip Pay is an interest-free online shopping wallet with a credit limit of up to $1000 offering you the ability to buy now and pay later, on your terms. Repayments start from as little as $10 a week.
Zip Money is a line of credit with credit limits over $1,000.
This product offers consumers a line of credit of up to $5,000 for regular accounts and up to $50,000 for specific merchants.
Zip Money offers customers a guaranteed interest-free period of 3 months across all products and up to 36 months with some retailers.
Zip Money accounts incur a $7.95 monthly account fee when there is an outstanding balance at the end of each month as well as a one-off establishment fee for certain credit limits.
To apply for a Zip Money account greater than $5,000, please consult the merchant you would like to purchase with or apply here.
A complete overview of our fees and charges can be found here.
Wondering which merchants offer Zip? Take a look at our store directory here.