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MoneyMe Freestyle Virtual Mastercard

Amy Bradney-George
Amy Bradney-George
Last updated:  

Get $250 back and shop straight from your devices with a new MoneyMe Freestyle Virtual Mastercard.

The MoneyMe Freestyle Virtual Mastercard offers $250 credit back when you spend at least $1,000 on eligible purchases within 12 months of approval.

16.99% p.a.

Purchase rate

55 days

Interest free period

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Details

Product NameMoneyMe Freestyle Virtual Mastercard
Purchase rate16.99% p.a.
Annual fee
Interest-free period55 days
Cash advance rate16.99% p.a.
Min credit limit$1,000
Max credit limit$20,000
Card typeMastercard
Foreign currency conversion fee2.99%
Available to temporary residentsNo
Joint applicationNo

Pros

  • $250 credit back when you spend at least $1,000 on eligible purchases in the first 12 months
  • Up to 55 days interest-free on purchases
  • Has a minimum credit limit of $1,000

Cons

  • Charges a 2.99% foreign transaction fee
  • Charges a monthly fee if your balance is over $20
Annual fee
Late payment fee$15
Foreign currency conversion fee2.99%

Expert review

Amy Bradney-George

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The MoneyMe Freestyle Virtual Mastercard gives you a way to ditch physical cards completely, with a digital-only card that you can access from the app within minutes of being approved. It currently offers an introductory $250 back on your account, with a reasonable spend requirement of $1,000 in the first year. On top of this, you can get credit back on your account when you shop with over 1,400 partner stores – including Apple, THE ICONIC and David Jones.

This card offers a low-to-average annual fee of $0 to $149, depending on your credit limit and MoneyMe loan rating. It has an interest rate of 16.99% p.a. which is quite competitive with everyday cards but higher than most low rate cards.

How to apply

If you meet the eligibility requirements and have the key documents and details on hand, you can apply for the MoneyMe Freestyle Virtual Mastercard online in a few minutes.

Eligibility criteria

  • Income. You must have a regular source of income.
  • New cardholder. You must be a new cardholder to be eligible for the $250 credit back offer.

Card benefits

  • $250 credit. $250 will be credited back to your account when you spend at least $1,000 on eligible purchases in the first 12 months from card approval. Eligible spending covers purchases with over 1,400 participating stores. Transactions that won't count towards this spend requirement include fees, cash, cash equivalent transactions or illegal transactions, payments to charities, social service and government agencies, payments for proprietaries and sundries, streaming subscriptions, recurring payments or memberships, gambling, adult dating or escort services and refunds debited from the Freestyle Virtual Credit Account. The $250 will be paid as a statement credit to your respective Freestyle Virtual Credit Account within 3 days of meeting minimum spend criteria.
  • MoneyMe Perks. This exclusive feature gives you a way to get credit back when you shop with over 1,400 partner stores, including Apple, THE ICONIC, David Jones, Myer, Cotton On, eBay and more. Just log into the MoneyMe app, browse deals, pay with your Freestyle credit card and the money will be credited back to your account.

Rates & fees

  • Annual fee. This card charges an annual fee of $0 to $149, depending on your credit limit and MoneyMe loan rating.
  • Monthly fee. As well as the annual fee, there is a monthly fee of $5. This will be waived if your balance is less than $20.

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