As of Wednesday 13 December 2023, Zip Pay will offer a maximum credit limit of $1,500 for all existing and new Zip Pay accounts.
If you are an existing customer on a $2,000 credit limit, you will receive communication to notify you of this change and your credit limit will be reduced to $1,500 on the 13th of December:
- If your total owing balance is less than $1,500 this change will not impact your ability to transact as normal and your repayment schedule will not change.
- If your total owing balance exceeds $1,500 on this date, don't worry you will not incur any additional fees and your repayment schedule will not change.
However, you will not be able to transact on your Zip Pay account until your owing balance is below the $1,500 threshold.
Zip Pay will remain open and active for all existing customers and for any new customers who would like to apply, if you would like a reminder of the Zip Pay Product features please see here.
If you would like to speak to one of our customer service specialists, please submit a request here.