Our verdict

Get interest-free spending when you meet the balance requirement and no foreign transaction fees when shopping overseas or online.

Zip Plus is a flexible buy now, pay later account that gives you more spending power, with a credit limit from $2,000 to $8,000. It also offers interest-free spending when your balance is $1,500 or less at the end of the month (with a low 12.95% p.a. rate if you go over) and 0% foreign transaction fees when shopping overseas or online. You can use it anywhere Visa is accepted and enjoy flexible repayment options to suit your budget.

Pros

0% interest rate on purchases as long as your total owing balance remains below $1,500 at the end of the month
$9.95 monthly account fee is waived if you pay your closing balance in full by the due date.
No foreign transaction fees

Cons

12.95% p.a. applies on purchases if your balance exceeds $1,500
$9.95 is charged every month you have an outstanding balance at the end of the month

Details

Product details

Product Name	Zip Plus
Purchase rate p.a.	Purchase rate p.a.12.95%
Interest-free days	-
Min credit limit	$2,000
Max credit limit	$8,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Zip Rewards
Bonus points	N/A
Rewards points cap

Fees

Annual fee	$0
Minimum monthly repayment	$20 per transaction
Late payment fee	$15
Foreign currency conversion fee	0%

How to apply

You can apply for a Zip account online in just a few minutes. Before you start, make sure you meet the eligibility requirements and have the necessary documents and information ready:

Eligibility criteria

Residency. You must be an Australian citizen or a permanent resident.
Age. You must be at least 18 years of age.

Credit history. You must have a good credit score and history. You can get your credit score and a comprehensive credit report for free through Finder.
Credit limit. You must indicate the maximum credit limit you'd like to apply for within the $2,000 to $8,000 range.

Required documents

Personal information. You'll need to provide personal details such as your full name, address, valid and verifiable email address and mobile number.
Proof of identity. You'll need to provide proof of identity, such as a valid Australian driver's license and passport.
Financial details. You must earn more than $300 of primary income per week. You'll need to provide evidence of your income as well as any expenses.

Card benefits

Interest rate. You'll pay 0% interest if your total owing balance is $1,500 or less at the end of the calendar month. If it exceeds $1,500, a variable rate of 12.95% p.a. applies to the balance.
No foreign transaction fees. Shop overseas or on international websites without the standard 3% fee often charged by other providers.

Rewards program. Zip offers partner rewards like cashbacks and Qantas points. These can change at any time, so you should check the app for what offers are available at any time. To start earning, you'll need to complete these eligible activities:
- Cashback. Browse the "Rewards" tab in the Zip app and tap "Activate" on offers from partner retailers like Amazon, Catch, or eBay. You then shop using your Zip card to bank the credit.
- Qantas bonus points. Use Zip to book a flight on qantas.com and you'll earn 1 Qantas Point for every $3 spent.
- Streaks. Zip sets mini-challenges, such as "make 3 purchases in a week" or "spend at a petrol station," to unlock a bonus toward your rewards goal.
Mobile wallets. Easily link your digital Visa card to Apple Pay or Google Pay for contactless payments in-store.
Everywhere acceptance. Use your Zip Plus account anywhere Visa is accepted, even if the merchant doesn't specifically offer Zip at checkout.

Rates & fees

Monthly fee. Zip Plus charges a $9.95 monthly account fee, which is waived if your balance is cleared by the end of the month.

Credit limit. This card has a minimum credit limit of $2,000 and a maximum credit limit of $8,000.

Minimum repayments. You can choose to pay weekly, fortnightly, or monthly starting from just $20 per week. Below are the typical minimum monthly repayments based on your approved credit limit:

- $2,000 balance: $80/ month
- $2,500 balance: $80/ month
- $3,000 balance: $100/ month
- $4,000 balance: $120/ month
- $5,000 balance: $150/ month
- $6,000 balance: $180/ month
- $7,000 balance: $210/ month
- $8,000 balance: $240/ month
Late payment fee. A $15 fee applies if the minimum payment isn't made within 7 days of the due date.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Zip Plus TMD
2. Zip Visa terms and conditions

Your reviews

No reviews yet. Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Rebecca Finder

Editor, Money

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Rebecca Pike is Finder’s money editor, with over 7 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise and 7News, Today and 9News, as well as Sky News, Channel 10 and across radio and print. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full profile

Zip Plus

Pros

Cons

How to apply

Eligibility criteria

Card benefits

Rates & fees

Sources

Sources

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy