MONEYME

Compare the MONEYME virtual credit card, offering flexible credit limits, low annual fees, competitive interest rates, and get a decision within 60 seconds.

MONEYME credit card

MONEYME Freestyle Virtual Card

Not available for application via this website

Balance transfer

N/A

Purchase rate

From 18.74% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

From $0.00 p.a. ongoing

Details

  • Use virtual card instantly once approved (typically within 60 mins).
  • Tap n Pay with up to 55 days interest-free.
  • Use credit to transfer money to anyone.
  • Exclusive features.
  • Thousands of 5-star customer reviews.

Bank promo

  • Get MONEYME's lowest advertised rate EVER of 18.74% p.a.
  • Annual fee of $0 to $149 p.a. based on credit limit plus a monthly fee of $5 for balances over $20.

Pros & cons

Pros
  • Available to use immediately after approval.
  • Money can be transferred to your bank account.
  • Get cashback at participating stores with Cashrewards.
Cons
  • The maximum credit limit is comparatively low.
  • Combination of annual and monthly fees can be quite expensive for the highest credit limit.
  • There is a 1.5% withdrawal fee.
About MONEYME

The lowdown.

About MONEYME

MONEYME is an Australian online lender established in 2013 and listed on the Australian Stock Exchange since 2019. They offer a single, virtual credit card that lets you shop online or in-store using Apple Pay and Google Pay. This digital-first approach means no physical card, just instant access to credit through your mobile device, perfect for Aussies who prefer a streamlined, modern banking experience.

Types of MONEYME credit cards

Types of MONEYME credit cards

MONEYME provides one credit card option: the Freestyle Virtual Credit Card. Designed for phone-based management, this card delivers your details via the MME app as soon as you’re approved. Key features include:

  • Annual fee: Ranges from no annual fee to $149, based on your credit limit, plus a monthly fee if your balance exceeds $20.
  • Variable interest rates: Rates range from 18.74% p.a. to 23.74% p.a., depending on your credit score.
  • Interest-free days: Get up to 55 interest-free days when you pay your balance in full by the statement due date.
Benefits of MONEYME credit cards

Benefits of MONEYME credit cards

The MONEYME Freestyle Virtual Credit Card comes with several perks:

  • Instant access: Start spending right after approval without having to wait for a card in the mail.
  • Mobile payments: Add it to Apple Pay or Google Pay for fast, secure in-store taps or online purchases.
  • MME app: Manage your account easily to check balances, track transactions, and access new features like peer-to-peer transfers as they roll out.
Eligibility criteria of MONEYME credit cards

Eligibility criteria of MONEYME credit cards

To qualify for the MONEYME Freestyle Virtual Credit Card, you’ll need to tick these boxes:

  • Age: Be at least 18 years old.
  • Credit history: No payment defaults, bankruptcies, or serious overdue accounts. You’ll need an Equifax credit score above 600 and no declined applications in the last 12 months.
  • Income: A regular source of income is essential.
  • Residency: You must be an Australian citizen, permanent resident, or hold a long-term visa (valid for 12 months or more).
How to apply for a MONEYME credit card

How to apply for a MONEYME credit card

Applying for the MONEYME Freestyle Virtual Credit Card is a breeze and fully online. Here’s the process:

  1. Check eligibility: Confirm you meet the income, residency, credit, and age criteria.
  2. Gather documents: You’ll need personal details of your full name and address, driver’s licence, birth certificate, or similar. Employment and income evidence, you can speed it up by securely linking your bank account.
  3. Apply online: Fill out the secure form via the MME app or website in just minutes.
  4. Get a response: Receive an instant decision. If approved, your virtual card is ready to use straight away.
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Help choosing a MONEYME credit card

More details on how a MONEYME credit card works and how you can make the most of yours.

  • FAQs

How do I apply for a MoneyMe credit card?

To apply for a MoneyMe credit card, you can visit the MoneyMe website or use the MoneyMe mobile app to fill out an online application form.

What are the benefits of MoneyMe credit cards?

MoneyMe credit cards offer benefits such as flexible credit limits, low annual fees, competitive interest rates, rewards programs, online account management, and quick application processes.

How can I manage my MoneyMe credit card effectively?

You can manage your MoneyMe credit card effectively by monitoring your transactions regularly, paying bills on time, maintaining a low credit utilization ratio, and utilizing any rewards or cashback offers available.

What are some tips for using my MoneyMe credit card responsibly?

To use your MoneyMe credit card responsibly, it is advisable to budget your expenses, avoid unnecessary debt, pay your bills on time, and not exceed your credit limit.

Are MoneyMe credit cards suitable for building credit history?

MoneyMe credit cards can be suitable for building credit history if you use them responsibly by making timely payments and keeping your credit utilization low.

How quickly can I get approved for a MoneyMe credit card?

The approval process for a MoneyMe credit card can vary, but some applicants may receive approval within minutes, depending on their credit history and financial situation.

What fees are associated with MoneyMe credit cards?

MoneyMe credit cards may come with annual fees, late payment fees, cash advance fees, and foreign transaction fees. It is essential to review the terms and conditions of the specific card you are considering.

Can I access my MoneyMe credit card account online?

Yes, MoneyMe provides online account management services, allowing users to access their credit card account details, make payments, view transactions, and manage their card preferences conveniently.

What should I do if my MoneyMe credit card is lost or stolen?

If your MoneyMe credit card is lost or stolen, you should contact MoneyMe's customer service immediately to report the incident and request a replacement card to prevent any unauthorized transactions.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business