On Zip Pay, pay nothing today and spread the cost over time with customisable repayments that suit you to help you balance the ups and down's of everyday living!
Zip Pay repayments are automatically direct debited from the payment method attached to your account.
You can change the frequency of your Zip Pay repayments to weekly, fortnightly or monthly, as long as you pay a minimum of $40 per month (or $80 if your credit limit is greater than $1,000). Choose what works best for you!
For more flexibility with your repayments, we have the following schedule options:
- Choose your repayments: You can change the frequency of your repayments to weekly, fortnightly or monthly.
- Fee waiver schedule: We’ll automatically adjust your schedule to repay your full closing balance each month so that you don't have to pay the monthly account fee.
For example: If you make two purchases in February, on the 1st of March, we will send you a statement showing your closing balance. You'll then have until 31st March to repay the statement closing balance and have the monthly account fee waived.
If you'd prefer to take extra time to repay your purchase(s), no worries! You'll only need to make the minimum monthly repayment as outlined in your statement. Please keep in mind that the monthly account fee will be charged if the statement closing balance is not paid, in full, by the due date.
The best part is - if there's no balance, there are no fees to keep the account open!