Low Rate Freestyle
Virtual Mastercard®

Get our lowest rate advertised of 16.99% p.a.
plus $250 back*. Add to your mobile wallet instantly & enjoy up to 55 days interest-free on purchases.

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Low rate 16.99% p.a. & $250 back*

Add to your mobile wallet to use instantly & enjoy up to 55 days interest-free on purchases.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only.
View full T&C’s here.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Award winning finance solution

Award winning finance solution

Ready to use credit limit
up to $20,000 in minutes**

With instant access to your virtual
Mastercard® via the MoneyMe app

Our low rate
of 16.99% p.a.

Get our lowest ever
advertised rate

Pay later with
interest-free

Enjoy up to 55 days interest-free
on purchases***

Transfer money
straight away

To your bank account,
to friends, to anyone

Where to use Freestyle?

  Browse  

Australia’s first
virtual credit account

Apply now. Get it now. Use it now. Download today.


How to get started

MME_homepage_Final-V2 1

Create an account

Set up Freestyle in minutes via the MoneyMe App or get started here

2 2

Add to mobile wallet

Tap ‘Add to mobile wallet’ in the MoneyMe App and follow the prompts to activate Tap n Pay

3 3

Credit available 24/7

It’s that simple! Shop in-store & online or send money to your bank account straight away

  • MME_homepage_Final-V2 1

    Create an account

    Get set up in minutes via
    the MoneyMe App or get
    started here

  • 2 2

    Add to mobile wallet

    Tap ‘Add to mobile wallet’ in
    the MoneyMe App and follow
    the prompts to activate Tap n Pay

  • 3 3

    Credit available 24/7

    It’s that simple! Shop in-store
    & online or withdraw money
    to your bank straight away

Our fees and charges

Limit

Up to $20,000*

Annual fee

from $0

Monthly fee

$5

(waived if your balance is less than $20)

Interest-free period

up to 55 days**

Interest rate

16.99% p.a.

Credit back

$250*

Other fees and charges may apply.

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

What our customers say
Credit card

4.72/5

168 reviews

[title here] [long description here]
98%

%


of customers
would recommend
MoneyMe to a friend

1 review

5

Very quick and easy.

Like

1 review

5

I was very happy with the experience and the fast outcome.

Like

1 review

5

The service and process were very easy and fast. I appreciate that.

Like

1 review

4

Quick and efficient.

Like

1 review

5

Very good and easy service.

Like

[title here] [long description here]
98%

%


would recommend
MoneyMe to a friend

Ready to get started?

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfef credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Like a credit card, but better: introducing Freestyle - The Virtual Credit Account

Freestyle is an instant virtual credit account up to $20,000 that exists solely in digital format. Gone are the days waiting for your credit card to arrive in the mail – with Freestyle, you can start using credit instantly once approved. Add your Freestyle card to your mobile wallet to Tap n Pay in-store or use the card details in your MoneyMe account to make online purchases. You can also make peer-to-peer transfers (coming soon) and send money to your bank account in just a few taps. Plus, Freestyle offers up to 55 days interest-free on purchases. With all of these cool features and more, Freestyle is the better way to access credit.

Tap n Pay in-store with Freestyle


Forget price tags, download the MoneyMe app and apply for a Freestyle Virtual Credit Account on the spot. Browse your favourite store while your credit is being approved. By the time you reach the counter your Freestyle virtual card could be approved. Then add to your mobile wallet to tap and go! Better than a credit card? We think so, too.


With interest-free payment terms offered on Freestyle purchases, you’ll pay nothing today, and nothing extra if you repay your borrowed credit within the interest-free period (up to 55 days). What a deal!


Online payments made easy


Take advantage of the best deals online with your Freestyle Virtual Credit Account.


Freestyle can be used anywhere that offers Mastercard to make a credit card payment. Simply log in to your MoneyMe account and tap your virtual card to reveal your card number, expiry date and CCV for online purchases.


For an even faster checkout experience, you can select Freestyle as your payment method on any Freestyle retailer’s website and simply log in to your MoneyMe account to proceed with payment.


Send and receive money


Whether you’re splitting the dinner bill with friends or paying a colleague back for lunch, with a Freestyle Virtual Credit Account you can make peer-to-peer transfers (coming soon), straight from your mobile. All you need to do is punch in the mobile number of the person you’re sending money to and our tech does the rest to ensure they receive the payment. It’s as simple as that!


Plus, you can send money straight to your bank account in just a few taps by confirming the amount you wish to transfer. No questions asked.


How do I apply?


To be eligible for a Freestyle Virtual Credit Account you must be living in Australia, employed and 18 years or older. To apply in minutes, simply click ‘Apply now’ below and complete our easy online application. Once approved, your Freestyle virtual card will be set up and ready to use instantly – it’s that fast.



Ready to get started?

Up to $20,000

Low rate 16.99% p.a. & $250 back*

  • Up to 55 days interest-free
  • Fast approval in minutes
  • Add to mobile wallet to use instantly
  • Transfef credit to your bank or pay anyone

*$250 is credited back to your account when you spend a minimum AUD$1,000 on purchases using your Freestyle Virtual Mastercard®. Eligible for applications made from 01/09/2020 for a limited time only. View full T&C’s here.

Things you should know

For a line of credit:



Fees and charge

  • Interest rate 16.99%*

  • Credit limit approvals up to $20,000

  • Minimum withdrawal amount is $100

  • Monthly account fee of $5

    Only applies if outstanding balance is over $20

  • Annual fee from $0 to $149

    Based on your credit limit and rating

*This interest rate is based on the Annual Percentage Rate (APR). Our APR is calculated daily by applying the daily APR and charged in arrears on the oustanding balance of your loan to the date your payment is due.

Other fees that may apply

  • Dishonour fee of $15

    This is payable each time a direct debit is dishonoured on your commitment to make a loan repayment is not met.

  • Overdue account fee of $15

    This is payable each time your account is not up to date by the end of the last day of the month.

Example repayments

Based on a revolving line of credit of $20,000 over 3 years

  • Minimum interest rate of 16.99% p.a. (20.44% p.a. comparison rate^) with total cost of $3,460.19

Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Credit Card up to $20,000 Approved Online | MoneyMe

Credit Card

MoneyMe offers customers fast online approvals and competitive interest rates for personal loans and our Freestyle Virtual Credit Account, which is like a Virtual Credit Card. More than a credit card, Freestyle is like a virtual credit card offering up to $20,000 that you can use to Tap n Pay, shop online and send money to anyone. Say bye to plastic: if you’re looking for a virtual credit card, Freestyle lives on the most important piece of hardware in your life – your smartphone.

Learn more

Credit Card

MoneyMe offers customers fast online approvals and competitive interest rates for personal loans and our Freestyle Virtual Credit Account, which is like a Virtual Credit Card. More than a credit card, Freestyle is like a virtual credit card offering up to $20,000 that you can use to Tap n Pay, shop online and send money to anyone. Say bye to plastic: if you’re looking for a virtual credit card, Freestyle lives on the most important piece of hardware in your life – your smartphone.

 As the go-to money lender for Gen Now, we use the best in financial technology to process our completely online application forms quickly and easily. No lengthy paperwork or being stuck on hold for an hour. Just quick loans processed fast. We don’t even have a physical branch! MoneyMe is the credit provider who offers you lightning fast access to more than credit cards and personal loans of up to $50,000, all from your mobile.

What is a credit card?

A credit card is a card offered by credit providers that gives you ongoing access to funds up to a limit. You may have heard of brands like Mastercard and American Express. You receive a plastic bank card that you can use to pay in store and for shopping online. You purchase whatever you want to purchase with it and repay the balance of your credit card to your credit provider over time.

 The funds on your credit card are offered at a percentage rate of interest. These rates vary between providers, as do interest free terms. MoneyMe offers Freestyle customers up to 55 days interest free on purchases, just like any other credit card. Freestyle also works just like any other credit card. However, unlike traditional, environmentally unfriendly plastic credit cards, it lives virtually on your phone. For virtual credit cards, you can use your phone to Tap n Pay in store and your credit card details to shop online or pay bills.

 Credit cards are a revolving line of credit. When you successfully apply for and receive a credit card then you can use the funds on that account up to the limit you have been approved for. Once you repay the outstanding balance, those funds become available to use again. On the other hand, a personal loan offers you a lump sum amount, usually debited directly into your account, and that balance is repayable each month with a fixed monthly payment.

 You can use our personal loan calculator to compare the costs of taking out a quick loan versus a credit card. Our personal loan repayment calculator will give you an idea of your monthly budget when you’re repaying one of our easy loans by incorporating personal loan interest rates directly into the monthly repayment and showing you a breakdown of principal loan repayments and interest paid. Remember, though, that cash loans are paid to you in full and are not revolving lines of credit. Once you have repaid part of the loan you will not be able to redraw on that loan amount in the same way that you can with a credit card.

How to get a credit card

To be eligible for a credit card you will need to have a good credit rating, be at least 18 years old and be currently employed. In addition to this credit card criteria, to be eligible for MoneyMe Freestyle you need to be an Australian resident as well.

 When it comes to credit checks, we understand if your credit rating isn’t as good as it could be. Life happens, or you may be too young to have a solid credit history. MoneyMe is slightly different to a lot of other credit providers in that we have our own in-house credit rating system that is considered alongside your standard credit file. Taking out small personal loans or short term loans can show us how reliable and trustworthy you are as a credit customer and may boost your MoneyMe rating. For every unsecured personal loan you successfully repay within the personal loan repayment terms, your credit rating at MoneyMe can improve.

 What does that mean for you as our credit customer? Well, we like offering rewards to good customers. On your next application for small loans or larger unsecured loans like our boat loan and car loan options, we may offer you lower fees, a more competitive interest rate and possibly higher credit funds to draw from.

How does credit card interest work?

Interest on a credit card like a Visa card is charged at an annual rate which is calculated and charged monthly to your credit card balance. If the interest on a credit card is 10% p.a then interest on a balance of $2000 will be charged monthly on pro rata of that 10% p.a. To calculate exactly how much interest you will pay each month, convert the annual interest rate into a decimal format by dividing by 100. Divide that decimal by 12 (representing the months in a year) and then multiply that by your balance (in this case $2000). Convert the monthly charge back into a percentage by multiplying it by 100. For a $2000 balance on your credit card, you will be charged 0.83% per month or $16.60.

 The higher the balance on your credit card, the more the interest fees will be each month. Using our 55 day interest free terms means that, like a credit card, if you repay the outstanding balance within our interest free period, then you’re not charged any interest on the credit funds at all. Like a credit card, you can use Freestyle throughout the month for all of your expenses – from groceries and petrol to concert tickets and flights – and repay the balance of your monthly expenses in full before the due date so you won’t be charged any interest on funds that you have used.

 If you’d rather not repay the balance in full then there will be a minimum monthly repayment required similar to minimum monthly repayments charged on our same day loans. The repayment that you make, however, is then automatically more credit funds you can draw on your credit card in the future. Our instant loans are different. Even if you make additional payments on our cash loans online, that does not mean you have credit funds to draw on again.

 We don’t charge early pay out fees on our loans so if you do have one MoneyMe’s personal loans Australia and you’d rather switch to a credit card with a revolving line of credit, then you can pay out your balance on your same day cash loan and then apply for Freestyle if you’re looking for a credit card option.

How to use a credit card

If you’re applying for a credit card, then first thing you’ll want to know is how much can I borrow? This will be your upper most credit limit allowable and it will be determined by your current debt, your living expenses and your income. We believe in responsible lending so we will only approve applicants for a credit balance we believe they can comfortably repay. This commitment to our customers means that we can tailor your credit approval to your needs.

 You can use your credit for nearly everything you need to purchase or pay for. For some credit cards you can opt for a balance transfer which takes credit funds you own on another credit card and puts them towards your new credit balance. For example, if you have a credit card balance with one credit provider then you can apply for a higher limit to another provider and transfer the balance you currently owe to your new higher limit credit card offer you some additional funds and consolidating your debt to one account.

 Credit cards can be used to cover everyday expenses, helping you to set realistic and achievable living budgets. If your credit card is only approved for a certain amount, then you know that each month you absolutely cannot spend more than that amount. Once your income is paid to you, you can transfer the balance of your credit card from your cash account and your credit card is then repaid, ready to be used the following month.

 Alternatively, a credit card can be used for additional, emergency funds when you need them. Use your credit card to pay for repairs to your home or car. Pay for moving costs like the rental bond payment, cleaners and removalist services. We also offer bond loan options for renters moving to new homes that help to cover your upfront security deposits fast and renovation loans for homeowners who need some extra cash to make improvements or repairs in a hurry.

 Use your credit card to book your holiday and get early bird specials on flights, accommodation and travel insurance. You can pay for your entire holiday upfront and then repay the balance of it to your credit card with manageable repayments each month. If you are considering some travel, then we also have a travel loan option which offers you the same upfront funds to pay for your trip at competitive interest rates and manageable monthly repayment options.

 Pay for education costs like a new computer, textbooks and fees. For more education options, consider our student loans designed to help students pay for fees upfront and hassle free.

 MoneyMe Freestyle is the smarter option for people in the market for a credit card who want access to low rate credit with low fees and fast online approvals. Use your credit card like a cash advance and mini loan before pay day or keep it safe and secure for emergencies like rent assistance. Apply online now for access to fast credit, instant loans and no-nonsense application approvals.

Get our lowest rate advertised
of 16.99% p.a.
plus $250 back*.