Get a Freestyle virtual Mastercard® today

Start using your card in minutes, not days

Pay later with up to 55 days interest-free on purchases 6

Transfer money to friends
or your own bank account

Manage repayments, credit limits & more from theapp

Get credit back at over 1,400 participating stores when you pay with Freestyle


Minutes to apply, fast approval

Add your virtual card to

Shop or transfer your money
straight away

Our fees and charges


Up to $20,0005

Annual fee

Credit limit
Up to $3,000
$3,001 to $5,000
$5,001 to $20,000

Monthly fee

Balance under $20
Balance over $20

Interest-free period

Up to 55 days6

Interest rate

16.99% p.a.

*Other fees and charges may apply.

Download today

What our customers say
Line of Credit



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it’s more than just a Line of Credit

The Freestyle Virtual Credit Account is more than just a revolving line of credit. It’s a virtual card that lives on your smartphone, providing you with instant access to up to $20,000 once approved. Tap n Pay in-store, shop online and send money straight to your bank. With a quick and easy application, instant card creation and up to 55 days interest-free on purchases, Freestyle is a more convenient way to pay for the things you love, every day. We offer Freestyle Virtual Credit Accounts from $1,000 to $20,000.

How do I set up a Freestyle account?

To be eligible for a Freestyle Virtual Credit Account, you must be employed, 18 years or older and an Australian resident. Simply complete our easy online Freestyle credit application by clicking “Apply now” above. It takes just minutes to apply and once your Freestyle account is approved, you’ll be able to use your line of credit straight away.

Applying for a Freestyle Virtual Credit Account is quick and easy. You’ll need to enter your personal details, employment information, income, expenses and submit your bank statement via our secure and safe online portal.

Usually you’ll get an outcome within minutes if applying during business hours. If we need to confirm some details, or you apply outside of business hours, then this may take a little longer.

A Freestyle Virtual Credit Account allows you to have quick access to money when and where you need it. You can use up to your approved line of credit limit anytime, anywhere.

With Freestyle, you know you can count on us when you need it. Plus, there’s no hidden costs or lengthy wait times.

FAQs about MoneyMe Line of Credit

What is a line of credit?

Unlike a traditional personal loan that you pay off on a fixed term, a line of credit provides you access to credit or extra cash whenever you need it, within your credit limit. With a line of credit, the balance you pay becomes available for use again.

How does a line of credit work?

If you are approved for $10,000 on a line of credit, you may borrow up to $10,000. But this doesn’t mean you are required to borrow and use the entire amount. You can borrow smaller amounts ($2,000 or $3,500 – depending on how much you need). Once you have repaid whatever amount you borrowed, the cash becomes available again for you to use without the need to re-apply.

How can I get a line of credit?

You can apply for a line of credit at financial institutions like banks, online lenders or credit unions. But take note that before picking a lender, you’ll want to research different lenders first to see and compare which of them has the best credit offer that suits your needs and ability to repay.

Can anyone get a line of credit?

Applying for a line of credit requires similar qualifications as when you apply for a personal loan or a credit card. You must be a resident of Australia, currently working and at least 18 years old to be eligible to apply.

Take note that your creditworthiness – which is determined by your income, credit history and overall financial health – will also be taken into account by your prospective lender during the assessment of your application.

Which is better, a line of credit or a personal loan?

With a line of credit you can borrow up to your maximum credit limit, with funds readily available for you to use again once you have repaid them. Your monthly payment amount on a line of credit relies on your interest rate, outstanding balance and the agreed terms. As for a personal loan, it gives you a lump sum which makes monthly repayments easier to budget. So the real answer strongly depends on what credit solution better fits your need and financial situation at the time you wanted to apply for one.

What is a secured line of credit?

Secured lines of credit are backed by collateral – which means you need to secure your line of credit against your personal assets, such as your home equity, car or some other valuable property. The lender has the right to seize the asset in the event you fail to repay your line of credit.

What is an unsecured line of credit?

An unsecured line of credit is not backed by any asset. Since there is no collateral involved, it usually comes with higher interest rates to pose lesser risks to the lender.

Am I eligible to apply for a credit card?

In order to apply for a Freestyle Virtual Mastercard, you will need to be at least 18 years old, an Australian citizen or a resident, and have a regular source of income.

Can I get a credit card with a poor credit score?

Here at MoneyMe, we see the whole picture when a customer applies for a credit card. Your credit score may be one of the most important factors, but we also consider your income, financial commitments and general living expenses to come up with a fair decision.

How do I apply for a credit card?

You can apply for a credit card online, over the phone or by visiting the physical branch of your prospective lender. As our process is entirely online with no face-to-face interactions, if you would like to apply for a Freestyle card you may click here—the application process is streamlined and only takes a few minutes. You may also apply via the MoneyMe app available on App Store and Google Play.

How can I manage my credit card account?

You can manage your Freestyle account via the Member’s Area or by simply logging in to the MoneyMe app. With 24/7 access to your account, you may view your transaction history, manage your credit limit, check your account status, and more.

Can I pay anyone using my card?

Yes. Apart from transferring funds to your personal bank account, Freestyle comes with a pay anyone feature that lets you send money straight to your friend’s or anyone’s account.

What is a credit limit?

Your credit limit is the maximum amount of credit approved by your card provider when you apply for a new card. This is the total amount of money you can borrow on your credit account. Credit limits are not similar for everyone, and the amount you may get approved for depends on the maximum amount the card company can lend and your personal circumstances.

How much can I borrow for a line of credit?

Your credit limit, or the maximum amount of money you can borrow for a line of credit, is tailored based on your individual circumstances and application. Here at MoneyMe, our credit limits range from $1,000 to $20,000. To determine your personal credit limit, we consider a range of factors such as your credit history, income, debt obligations and living expenses.

How do I increase my line of credit limit?

You may be putting almost all of your everyday spending on your credit card. Times are also changing and you need more emergency money, or you may be after certain rewards that you cannot hit with the current maximum amount you are allowed to spend. In this case, you might want to take your chance to get a bigger credit limit.

To increase your credit limit, you have to contact your credit card provider. You may either call a specific number or send a request online. Here at MoneyMe, you may apply for a credit limit increase by logging in to your MoneyMe account. Simply adjust the set credit limit according to your desired new credit limit, click submit and wait for the outcome of your request. Take note that your request is subject to further evaluation, and the outcome will depend on your financial standing and payment history with us.

What are the fees and charges for a line of credit?

The common fees associated with a line of credit are annual fee, monthly fee and interest rate. But in a line of credit, you don’t need to pay any interest unless you have used your money. We base the annual fee on your credit limit, and the monthly fee is waived if your balance is less than a specific amount.

What does annual percentage rate in a line of credit mean?

The Annual Percentage Rate (APR) is the total amount of cost paid annually when you borrow money. It is always higher than the interest rate, as it includes all fees and costs associated when you borrow money. The APR from every lender varies and is based on your creditworthiness, which means you may be able to get a lower annual percentage rate if you have a good credit rating

Can I use a line of credit for my house?

One type of line of credit is the line of credit home loan. Just like how a typical line of credit works, a line of credit home loan allows you to borrow money, but this time it will be using the equity in your home to help you cover house-related expenses, whenever you need it. You may use it if you are looking to buy an investment property or renovate your home.

Can I fund my business using a line of credit?

You can use a business line of credit for any business purpose. Small business owners typically rely on a business line of credit to better manage their cash flow or simply for their basic cash needs. This type of line of credit is one of the most common types of business funding that allows you to withdraw periodically, up to your limit.

Can I use a line of credit to pay for my school fees?

Online lenders like MoneyMe offer lines of credit that are custom built to help students pay for school fees. It allows students to borrow and withdraw funds as they need them, up to the approved credit limit. A line of credit for students is specifically designed to help pay for course fees, university tuition or any type of training.

Can I make down payments using a line of credit?

If saving would take a while and you need urgent money for down payments, getting a line of credit is one of the fast solutions. Using other sources, such as an unsecured line credit, to pay for a down payment is allowed, but some lenders may require you to source or present the minimum down payment from your savings.

Where else can I use a line of credit?

The great thing about a line of credit is that you can use it for almost anything – such as paying for a holiday trip, purchasing a new car or to simply have cash on hand whenever you need it. It is not only meant for big spending, but also for small, everyday purchases. A line of credit offers a new way to pay for the things you need anytime and anywhere.

Why should I use a line of credit?

People use a line of credit for a variety of reasons. Apart from giving you the freedom to decide on what to purchase or what to use it for, a line of credit allows you to apply for a maximum credit limit and only make repayments based on the amounts you have used. It is flexible and convenient, allowing you to reuse the funds that you have successfully repaid.

Where can I get a line of credit?

There are many ways you can get a line of credit, such as applying through banks, credit unions or online lenders. In banks, a line of credit may be granted to both new and existing customers. They provide you with a pre-approved limit without having the need to re-apply. The response time is usually 1 up to 15 working days, depending on which bank you’re applying to. Online lenders offer pre-approved credit limits as well, with a much faster response time. Each credit provider has unique offers and maximum credit limit available, so it is best to make a research before applying for one.

What is the difference between a line of credit and a credit card?

There are plenty of similarities between a line of credit and a credit card, but the primary difference is that a line of credit approves you a certain credit limit that you can borrow against a revolving credit line. You can borrow as much or as little as you like, and that you can reuse the funds you have successfully repaid. As for a credit card, it allows you to make purchases that you can pay back in instalments.

A line of credit typically has a higher credit limit and can be either secured or unsecured. On the other hand, a credit card is almost always unsecured, with the balance owing repaid by a specific due date every month.

Are lines of credit good?

Contrary to fixed loan rates you get from secured and unsecured personal loans, a personal line of credit allows you to borrow only the funds you need that come with a variable interest rate that is usually lower. Every loan features different offers and fees, but in a line of credit the rates are much more competitive and better than credit cards. You have to make a lot of consideration before applying for one, as its benefits will depend on your financial circumstances.

Get approved within minutes

When you apply for a Freestyle Virtual Credit Account, you’ll generally get a decision on-the-spot. Once approved, we’ll set you up with a virtual card so you can start making purchases straight away, in-store and online. If you transfer money from your line of credit to your bank, this can take anywhere from a few minutes up to 1 business day, depending on who you bank with.

Freestyle Virtual Credit Accounts range from $1,000 to $20,000, depending on your credit profile and history. You’re able to decrease or request an increase for the limit on your line of credit, which is subject to our assessment and suitability.

We’ll automatically set you up with a payment schedule with fixed amounts

aligned to your pay cycle. We’ll remind you before we take payments to ensure you have the funds in your account (and to prevent any accidental missed payment fees!). Plus, you can get up to 55 days interest-free on purchases. To view our costs, visit our Costs page.

Secure and responsible lending

When applying with MoneyMe, you can bet our top priority is security. At MoneyMe, we use bank level encryption to ensure your data is safe and secure.

When submitting bank statements online, we use illion’s trusted and secure technology that provides a ‘read-only’ 90-day snapshot in PDF format of your bank statement transactions. That means no one at MoneyMe, or illion, has access to your account or login details – it simply takes a snapshot of your transactions in PDF format. This, along with some personal, employment and spending details is all we need to process your Freestyle application.

As you make your repayments on time, your history with us improves and you may be able to increase your line of credit limit.

Line of credit up to $20,000 Approved Online | MoneyMe

Flexible credit at your fingertips

Introducing Freestyle: Australia’s first virtual credit account, which is like a virtual credit card that provides you with all-in-one access to shop now & pay later with a line of credit and more. If you’re looking for a credit card that offers ultimate flexibility, Freestyle is the smarter choice. It lives in your smartphone and not in your wallet, delivering you access to instant, reusable loans in the form of a line of credit up to $20,000.

Learn more

Flexible credit at your fingertips

Introducing Freestyle: Australia’s first virtual credit account, which is like a virtual credit card that provides you with all-in-one access to shop now & pay later with a line of credit and more. If you’re looking for a credit card that offers ultimate flexibility, Freestyle is the smarter choice. It lives in your smartphone and not in your wallet, delivering you access to instant, reusable loans in the form of a line of credit up to $20,000.

Tap and Pay in-store and shop online anywhere with Mastercard or send money to anyone. Our smart tech assesses your application in real-time so you can get all these express cash perks in a matter of minutes without any lengthy paperwork.

What is a line of credit?

A line of credit is a type of credit product that lets you access funds on a revolving basis. Rather than credit in the form of a personal loan that is funded on a lump sum basis, a line of credit offers anytime access to your credit limit, which can be drawn down in increments, repaid in full or in part, and then drawn down again the next time you need money on-the-go.

Think of it like a quick loan, small cash loan or unsecured personal loan that offers you cash today with repayment options tailored to you. We won’t charge you early payout fees when you repay your line of credit in full. We also align your fortnightly or monthly repayments with your current pay cycle, so you won’t have to worry about getting caught with late fees. MoneyMe offers a complete suite of credit options designed for Gen Now. They’re flexible funds whenever and wherever you need them.

A better way to access money

Freestyle is transforming the way credit works. Not only do we offer an entirely online application and approval process, but we also don’t waste time and resources with unnecessary plastic. Your credit card lives in your smartphone and is designed to support in-store Tap and Pay and online shopping. It’s a modern credit solution to address consumer demand for quick service and instant solutions. It’s easy to apply and get approved for – even your contract is signed digitally! Cash advance loans in the form of a line of credit have never been this flexible and easy.

Understanding how to calculate the interest rates on your cash loans online or same day loans is important. If you have taken out an unsecured car loan or a mini loan, then you will be able to understand what part of your regular repayment constitutes your principal loan amount (the amount you borrowed) and which part is the interest amount.

 Freestyle is like a virtual credit card with up to 55 days interest-free on all purchases. This means that you get no interest charge until this period has expired, and you may be able to pay with no interest if you repay in full within 55 days.

 When you take out personal loans, Australia has various loan providers that offer fixed repayment schedules in which your yearly interest is broken down to monthly amounts. This interest repayment is automatically calculated into your fixed repayment amount that you pay fortnightly or monthly, depending on your pay cycle and personal preference.

Your expected repayments

A personal loan calculator can show you what the total amount of interest is payable over the length of your loan and give you an indication of the kind of repayment amount you will be looking at. If you’re asking yourself, “How much can I borrow?” or “Will I be capable of making monthly repayments?”, a personal loan repayment calculator may help paint a clearer picture for you and give you an estimate of your expected rate should you proceed with your loan application.

 If you’re looking for a quick way to calculate your monthly interest on a line of credit or on small personal loans, check out our loan calculator. It’s online and easy to use. Simply enter your desired loan amount and preferred repayment duration, then you’ll get a preview of your repayments right then and there.

Line of credit eligibility

If you are 18 years or older, a resident of Australia and currently employed, then you are eligible to apply for our line of credit, easy loan or short term loans. As a responsible money lender, we also look at a range of factors such as your credit history, income, living expenses and the existing small loans you may have before we make a decision.

Where can I use my line of credit?

A line of credit offers you access to revolving amounts of credit when you need it rather than a complete lump sum of credit like unsecured loans funded into your bank account. It’s the more flexible alternative to small personal loans that gives you the freedom to decide how much to spend and what for, all within your credit limit.

 You can use a line of credit like a cash advance that offers you credit funds for covering expenses when you’re a little short, or when an unexpected expense arrives like car repairs, travel expenses or education fees. You can make quick and easy online purchases like a flight from Sydney to Melbourne at a great price using your Freestyle Virtual Credit Account. If you’re planning a wedding, consider our wedding loans to put down a deposit for your venue and big event.

 You can use your line of credit for things like rent assistance when rent is due before your pay cycle or for covering your grocery bill, your utilities, or for getting your hands on that perfect sale item available only for a limited time. If you’re planning an interstate move from Perth to Adelaide, or a short stay in Brisbane, use your line of credit to access quick cash and cover your expenses upfront.

 While a line of credit or same day cash loans may offer quick cash access for your daily needs, big-ticket items might be better suited to a specific loan type like a boat loan.

 If you’re planning to pursue a new degree or develop your existing skillset, then student loans or an education loan might be the best option for you. Travel loans offer you another option, helping you to budget carefully for holidays or extended travel overseas. If you need help for a rental property, then a bond loan can offer you the funds you need to pay for moving expenses, while renovation loans can help you cover the cost of improving your property. We offer all these types of loans as unsecured loans with personal loan interest rates tailored to you, meaning you don’t have to present collateral to secure the loan.

Apply now

For day-to-day living expenses and help when you need it fast, choose the flexible line of credit from MoneyMe. Experience a Virtual Credit Card fast approval: Apply now, get an outcome in minutes and access money in as little as 60 seconds from approval.

5 Applications are subject to eligibility criteria including credit approval. Other terms and conditions may apply. 6If not repaid after 55 days, interest rate of 16.99% p.a. will apply.