Each eligible purchase, to the value of $300 or above will be split into equal instalments set within the interest free period.
The interest free period for a purchase made through a Zip partner is a fixed term and is shown at checkout. If the purchase is completed using a Single-use Visa card an interest free period of 3 months will be applied unless extended at check out.
You can later adjust your instalment frequency to a preference of weekly, fortnightly or monthly.
For example, if you use your Zip Money account to make a $600 purchase with an interest free period of 3 months this balance can be repaid at the following rates:
- $200 per month, $100 per fortnight or $50 per week.
Your instalments will be automatically direct debited from the default payment method on file.