Zip Money Instalments
No longer availableThe Instalments feature has been retired. All new purchases made on your Zip Money account are now automatically repaid on Flex.
Frequently Asked Questions
- These changes are designed to create a simplified Zip Money repayment experience for you.
All purchases will be placed onto the Flex repayment schedule, which requires making minimum monthly repayments.
- Here’s how it works:
- Your minimum monthly repayments may be found in your monthly statement and in the Zip app.
- Repayments will be automatically debited from the payment method linked to your account.
To avoid interest charges, you will need to repay any amount outstanding on a purchase within its interest free period. Any balance outstanding at the expiry of the interest-free period will be charged at the standard variable interest rate of 25.9% p.a.*
*As at 1 June 2023. Other charges may be payable, see T&Cs. Interest, fees and charges are subject to change
- Yes. Your Zip Money account is still available to use for bigger purchases through select Zip partners and by generating a Single Use Card in the Zip app for online purchases, wherever Visa is accepted.
- No. The ability to extend your interest-free period was part of the Instalments feature, which has been retired. As a result, this extension option is no longer available for any new purchases made on your Zip Money account.
References
- T&Cs, fees and credit approval apply. Other charges may be payable. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.