We offer two products for our customers: Zip Money and Zip Pay. Both products feature our Shop Everywhere card. You can use any Zip account at any Zip retailer, and you can use our Shop Everywhere feature at any online retailer, anywhere!
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|---|---|---|
| Reusable | Yes | Yes |
| In-Store and Online | Yes | Yes |
| Minimum Repayment Amount |
$350 - $1000 credit limit: $40 each month (Unless the owing balance is less)
$1500 credit limit: $80 each month (Unless the owing balance is less) |
Determined according to the credit limit of the account. Minimum repayments start at $40 per month. The higher the credit limit, the higher the minimum monthly repayment The required minimum monthly repayment is displayed in your contract, upon approval |
| Credit Limits Available | $350 - $1500 | Above $1000 (Apply through a merchant for accounts greater than $5000) |
| Interest | Never! |
Guaranteed 0% interest for 3 months Promotional offers between 6-48 months depending on where you shop 19.9% p.a after your 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 $1,500, 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 also incur a $6 monthly account service 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.