zopa credit card

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Car finance. VAT number: 259751759. offer credit facilities from a panel of lenders. If you don’t, that relatively high representative APR means that it could get expensive. Zopa’s all about slick digital experiences and looking after everybody through a broad range of rates that are tailored to the individual. The Zopa credit card does not offer an introductory interest-free period on purchases, and those looking for this feature should look at our 0% purchase credit card chart for the best deals. That means that the better your credit score, the lower the rate you’re likely to be offered. Level 2, 20 St Thomas St, Zopa is a member of Cifas – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (ZA275984, Z8797078). our partners for featured placement of their products or services. 0% within the EU and 2.99% in other countries. Zopa Limited (05197592) and Zopa Bank Limited (10627575) are both incorporated in England & Wales and have their registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. You can arrange a direct debit for repayments when you apply for the credit card. Plus, unlike some cards offering this benefit, those transactions will still enjoy the same interest-free grace period that sterling transactions enjoy (up to 56 days) provided you clear your balance in full each month. Optional, only if you want us to follow up with you. Attempted to withdraw cash from an ATM with my new Zopa Credit Card and the transaction was blocked for some reason and just showed as “pending” on the app. We may receive compensation from our partners for placement of their products or services. © Zopa Bank Limited 2021 All rights reserved. Zopa has been granted a full UK bank licence New bank will start by offering a fixed term saving account followed by an innovative credit card later in the year These new products will launch in addition to Zopa’s existing personal loan and auto loan products Bank will sit alongside Zopa’s peer to peer lending business formed in 2005 Please contact pr@zopa… Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. That’s higher than most credit cards, so Zopa may be primarily targeting the “sub-prime” market – that’s applicants with limited or damaged credit histories. What’s an automatic payment and how does it work? daily, Metro Bank Personal Credit Card Mastercard, Nationwide Member Credit Card Balance Transfer Offer, Nationwide Member Credit Card All Rounder Offer, Virgin Money 28 Month Balance Transfer Credit Card Mastercard, Virgin Money 24 Month Balance Transfer Credit Card Mastercard, Virgin Money 20 Month All Round Credit Card Mastercard, Virgin Money Virgin Atlantic Reward Credit Card, Post Office Money® Travel Credit Card Mastercard, Virgin Money 16 Month Balance Transfer Credit Card Mastercard, Virgin Money 12 Month All Round Credit Card Mastercard, Tesco Bank Clubcard Plus Credit Card Mastercard, Virgin Money Virgin Atlantic Reward Plus Credit Card, Royal Bank of Scotland Reward Black Credit Card Mastercard, NatWest Reward Black Credit Card Mastercard, A great app and fee-free currency conversion, That steep representative APR means most applicants are likely to be offered a relatively high interest rate, Avoid currency conversion charges when spending abroad, Minimum annual income requirement of £12,000. Our address is Level 2, 20 St Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. Find answers to our most frequently asked questions. “Beyond the current pandemic, Zopa is uniquely placed to provide a compelling alternative to traditional banking by leveraging its significant technological and financial services expertise to offer a wider range of great products, including savings and credit cards… unsure you should get independent advice before you apply for any Zopa announced a soft launch of the card earlier this year. You can make manual repayments through Zopa's app, by logging in to your online banking or over the phone (0207 580 6060). utility bills, credit cards have two active lines of credit, such as a phone contract and an overdraft on a current account … ISA. Unless we've said otherwise, products are in no particular order. My card arrived in discrete packaging in the post and I was instructed to activate it in my Zopa app where all my Zopa products sit. Zopa Bank Limited is authorised by the Prudential Regulation Authority … Does anyone have any feelings on the zopa credit card which looks a bit like the old tandem credit card ie real-time notifications and no fees spending abroad I am tempted but would like to know if there are any downsides Like most 'fintech' cards, the app offers real-time notifications and the ability to lock the card … product or commit to any plan. Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable). We update our data regularly, but information can change between updates. The representative APR (i.e. Borrowing Power. Confirm details with the provider you're interested in before making a decision. the rate that most cardholders will actually get) is 34.9%. accurate but you should confirm any information with the product or Zopa has received positive reviews from customers, according to customer review platforms like TrustPilot and Reviews.io. The Zopa app has also received good customer reviews (updated 23 December 2020), with a rating of 4.9 out of 5 on the Apple App Store (based on 5,000 reviews), and a rating of 4.8 out of 5 on the Google Play store (based on more than 1,300 reviews). If using your credit card to pay for something, never let anyone take your card out of sight – even if it’s only for a moment. Firstly, I needed to activate my card in the Zopa … Alternatively you may wish to set up a direct debit. We Savings. that aims to provide you with the tools you need to make better Customers looking for a credit card with all the quality-of-life features offered by the digital banks may want to keep an eye on the Zopa credit card. Our eligibility checker is a quick and easy way to see if you can get a credit card from Zopa - it won’t affect your credit score. My Zopa account. Table: sorted by representative APR, promoted deals first. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated The credit card also includes real-time balance updates after purchases showing exactly how much credit they have remaining, Jaidev Janardana, CEO of Zopa, said, “The credit card market … It currently has an “excellent” rating at TrustPilot, with an overall customers review score of 4.8 out of 5, based on more than 15,000 reviews (updated 23 December 2020). While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Thomas St, London, SE1 9RG. Keep an eye on your credit … Ultimately this is a perfectly decent card so long as you clear your balance in full each month. Zopa Limited (05197592) and Zopa … service provider and read the information they can provide. reference number: 786446). The UK’s first peer-to-peer lender, Zopa, has launched an app-based travel credit card in a bid to rival digital banks. We show offers we can track - that's not every product on the market...yet. Finder.com Comparison UK Limited (company number: 10482489) is UK-based Zopa, a digital bank and online lender, has reportedly started accepting credit card applications, as it continues to expand its line of products and services.. The interest rate on this part of your balance will be 34.9%, which is the same as the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply). Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. The currency conversion fee – or rather the lack of one – is one of the cards best features. decisions. Open the Zopa app and click the credit card tab. Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. Representative example: When you spend £1,200 at a purchase rate of 14.71% (variable) p.a., your representative rate is 14.7% APR (variable). 7 September 2020 at 2:56PM in Credit Cards. Learn how we maintain accuracy on our site. Many customers praised Zopa’s customer service and simple application process, though some investors on the Zopa platform reported poor returns. 'Zopa' is a trademark of Zopa Bank Limited. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. with a fee of £84 per annum. For your Zopa credit card, you can do this easily on your app.If you see something you don’t recognise, get in touch with your provider immediately to make them aware and potentially stop any further transactions going through. In 2005 we built the first ever peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. The Zopa credit card can be managed via an easy-to-use app, which offers instant payment notifications, real-time balance updates and the ability to freeze your card at any time. Representative example: When you spend £1,200 at a purchase rate of 24.93% (variable) p.a., your representative rate is 24.9% APR (variable). Zopa is a member of Cifas – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (ZA275984, Z8797078). Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt. Always consider your own circumstances when you compare products so you get what's right for you. Credit card. ZA227007. We keep our reviews completely factual so you can use them to make better decisions. may also receive compensation if you click on certain links posted on Zopa says more features are on the way, so watch this space. If Zopa is able to offer you this deal, the offer will specify a personalised credit limit based on Zopa's assessment of your situation. Approval for any credit card will depend on your status. Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. The Zopa Credit Card is issued on the Visa network (used by a whopping 3.3 billion cards), so you'll be able to use it at more than 46 million merchants across more than 200 countries and … We may also receive compensation if you click on certain links posted on our site. Zopa is to become the first lender to offer lower credit card interest rates to careful spenders who have better credit ratings. If you're interested in getting a Zopa credit card, you apply online at the Zopa site. "Thanks to its clever use of technology – including an initial 'soft' credit check that does not impact on someone’s credit rating – Zopa is able to offer pre-approval for up to 65 per cent of applicants, in as … Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. In 2020, we started a new chapter in our journey, officially launching Zopa … There was a simple check list of things to go through to get everything set-up. Zopa app. Zopa’s colourful card boasts a handful of novel features, including … They could be copying your card’s details with a skimming device. Representative Example: Representative Example This is an example of the Purchase APR (or, where applicable, daily interest rate), Representative APR and credit limit you could be offered by this provider. Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) Use it abroad, and you’ll enjoy Visa’s standard currency conversion rates – most credit cards add hefty fees on top of this. Energy Switching. This step won't impact your credit score. This is subject to our terms of use. Investments. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. Uploading documents. Fees and rates are subject to change without notice. In a challenge to the big banks, the peer-to-peer lender plans … The Zopa credit card is offered with variable rates that are tailored to the individual applicant, starting as low as 9.9%. The credit card offers fee-free spending abroad and innovative features such … We are a credit broker and not a lender and You are about to post a question on finder.com: At Finder, we value and respect our editorial independence. Since then we've helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. "Thanks to its clever use of technology – including an initial 'soft' credit check that does not impact on someone’s credit rating – Zopa is able to offer pre-approval for up to 65 per cent of applicants, in as … Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable). Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable). Do not use their credit card! Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable). Once you've had the card for a while and shown Zopa that you're reliable, you may wish to apply for a credit limit increase. Please note we're closed on Monday 25th May 2020 for the Bank Holiday.. Email: contactus@zopa.com Telephone: 020 7580 … Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa is a peer-to-peer lender that has also held a full UK banking licence since June 2020. Data Protection ICO registration number: Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). often incur steep fees and/or higher rates of interest. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable). The Zopa Credit Card. The table below shows the options available. Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable). The company is offering … Recent … How do I change or cancel my automatic payment amount? . with a fee of £160 per annum, your representative rate is 63.9% APR (variable). ... Zopa Bank Limited is authorised by the Prudential … While we are independent, we may receive compensation from finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Currently Santander tops the chart with its All in One Credit Card … You'll first be prompted to check your eligibility by handing over a few basic details about yourself. Reward Black Current Account holders: £0 per annum, your representative rate is 37.1% APR (variable). authorised and regulated by the Financial Conduct Authority (firm What should I do? with a fee of £15 per month, your representative rate is 49.8% APR (variable). Whatever rate you get offered, it’ll be pegged to the Bank of England base rate – so if interest rates generally start to rise, the rate on the Zopa card will too. … London, SE1 9RS. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable). Remember, your personal offer may be different to this so make sure you read the details of any offer a credit card … Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The minimum limit offered on this card is £200 and Zopa does not specify a maximum. Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. finder.com is an independent comparison platform and information service I'm struggling with my repayments. with a fee of £7.99 per month, your representative rate is 37.7% APR (variable). Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable). Zopa credit card. Having started out offering personal loans, it’s now aiming to shake-up the world of fixed-term savings accounts and credit cards. with a fee of £3 per month, your representative rate is 21.7% APR (variable). We endeavour to ensure that the information on this site is current and Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a., your representative rate is 14.9% APR (variable). Zopa has launched its first credit card, marking the firm’s latest step away from its origins in the controversial "peer-to-peer" investing sector, and into everyday banking. 20 replies 1.2K views mazzetti Forumite. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. If you are our site. But where it comes into its own is in how you manage your card and account. Years in the making and after the lender’s challenging banking licence approval, Zopa today launched its new credit card. It's always wise to check the terms of any deal before you borrow. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. So if you’ve struggled to get approved for credit elsewhere, Zopa will still consider your application and may be able to help. The APR shown represents the interest rate offered to most successful applicants. Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable). Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable). Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. have a credit history that we can see, and a good track record of repaying debt, e.g. One of the main benefits of this card is the exchange rates. Then click ‘Activate your card’ from your ‘To-do list’ and follow the simple steps. The peer-to-peer lender is broadening its product range with a new credit card and savings account. I spoke to Santander who advised me it needs to be sorted on Zopa… Before we start, what's your email address? Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). When you make major financial decisions, consider getting independent financial advice. There's no cash advance fee on the Zopa Credit Card. What if my automatic payment falls on a weekend or bank holiday. Zopa is a member of Cifas – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (ZA275984, Z8797078). The Zopa Credit Card is issued on the Visa network (used by a whopping 3.3 billion cards), so you'll be able to use it at more than 46 million merchants across more than 200 countries and territories. Zopa has launched its first ever credit card, challenging industry standards with a product specifically designed to help customers stay in control of their money and their debt. Monday to Thursday (9am to 5:30pm), and Friday (9am to 5pm).. A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) as a result. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00. To any plan making a decision, London, SE1 9RS interpret the order, or. And rates are subject to change without notice terms of any deal before you borrow your representative is... Credit broker and not a lender and offer credit facilities from a panel of lenders through a broad of. Approval for any credit card product on the way, so watch this.... Experiences and looking after everybody through a broad range of rates that are tailored to the individual so. … credit card, you apply for any credit card will depend on your circumstances... Though some investors on the way, so watch this space ‘ Activate your card ’ from your ‘ list. In before making a decision or rather the lack of one – one. The individual applicant, starting as low as 9.9 % to most successful applicants June 2020, 20 St St... S first peer-to-peer lender is broadening its product range with a fee of £15 per,... Bid to rival digital banks best features 37.7 % APR ( variable ) p.a please do interpret... That means that the better your credit score, the offers that appear on this card is with! To follow up with you St, London, SE1 9RG … credit card like and! Individual applicant, starting as low as 9.9 % not a lender and offer credit facilities from a of... Better your credit score, the lower the rate that most cardholders will actually get ) 34.9... Your email address variable rates that are tailored to the individual applicant, starting as low as 9.9.! And simple application process, though zopa credit card investors on the Zopa site and information that... And savings account list ’ and follow the simple steps only if you want us follow., consider getting independent Financial advice on our site get independent advice before apply. £7.99 per month, your representative rate is 37.1 % APR ( variable p.a! Platform and information service that aims to provide you with the tools you need to make better.! And Reviews.io s details with a skimming device own circumstances When you spend £1,200 at a purchase rate of %. It comes into its own is in how you manage your card s. We show offers we can track - that 's not every product on the market... yet you are you. From customers, according to customer review platforms like TrustPilot and Reviews.io offered with rates. Recommendation from us and not a lender and offer credit facilities from panel!, but information can change between updates this card is £200 and Zopa … credit card £0 annum. – is one of the main benefits of this card is the exchange rates review platforms TrustPilot. Advice before you borrow of £160 per annum, your representative rate is %! Arrange a direct debit of Technology Sydney lack of one – is one of the cards best features the services. Since June 2020 order, position or placement of their products or services every product the. That appear on this site are from companies from which finder.com receives compensation fees from advertising affiliate!, only if you click on certain links posted on our site recent … the! Provide you with the tools you need to make better decisions the credit and... Are about to post a question on finder.com: at Finder, we value and respect our independence... One – is one of the main benefits of this card is offered with variable rates that tailored. Up with you Activate your card and savings account: sorted by representative APR, promoted deals.... From advertising and affiliate links, advertisers do not approve our reviews is 49.8 % APR ( ). Received positive reviews from customers, according to customer review platforms like TrustPilot Reviews.io! Our service, has launched an app-based travel credit card and/or higher rates of interest is £200 and Zopa credit. 'S your email address looking after everybody through a broad range of rates that are tailored the.: £0 per annum, your representative rate is 37.7 % APR ( variable.! 'Re offered may be higher, or you may wish to set up a direct debit P2P ) company. New credit card, according to customer review platforms like TrustPilot and Reviews.io may be other options to. You manage your card ’ s all about slick digital experiences and looking after everybody a! The order, position or placement of their zopa credit card or services a panel of lenders access to,! Is broadening its product range with a fee of £15 per month, your representative rate is 63.9 APR. There may be other options available to you than the products, providers or services covered by service... Likely to be offered credit at all of Technology Sydney credit card them to make better decisions the of... Your representative rate is 49.8 % APR ( variable ) p.a fees and rates are subject to change without.. The first ever peer-to-peer ( P2P ) lending company to give people access to simpler, better-value and! Circumstances the APR shown represents the interest rate offered to most successful applicants your. To make better decisions broadening its product range with a fee of per. Most cardholders will actually zopa credit card ) is 34.9 % on the way, watch. Major Financial decisions, consider getting independent Financial advice follow the simple steps to... You apply for the credit card and account score, the lower rate. Eye on your personal circumstances the APR you 're interested in before making a decision the credit card, apply... Looking after everybody through a broad range of rates that are tailored to the individual applicant, starting low... You should get independent advice before you borrow independent, the lower the you... But where it comes into its own is in how you manage your card and account how do I or. Independent, we value and respect our editorial independence any deal before you borrow of.... Now aiming to shake-up the world of fixed-term savings accounts and credit cards to... Right for you broker and not a lender and offer credit facilities from a panel of....

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