The company is offering … reference number: 786446). 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… Use it abroad, and you’ll enjoy Visa’s standard currency conversion rates – most credit cards add hefty fees on top of this. Ultimately this is a perfectly decent card so long as you clear your balance in full each month. Unless we've said otherwise, products are in no particular order. There was a simple check list of things to go through to get everything set-up. 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. 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. … While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. 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. 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. If you are have a credit history that we can see, and a good track record of repaying debt, e.g. The peer-to-peer lender is broadening its product range with a new credit card and savings account. We may also receive compensation if you click on certain links posted on our site. Zopa credit card. with a fee of £3 per month, your representative rate is 21.7% APR (variable). 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. 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). Table: sorted by representative APR, promoted deals first. Find answers to our most frequently asked questions. The currency conversion fee – or rather the lack of one – is one of the cards best features. 20 replies 1.2K views mazzetti Forumite. We may receive compensation from our partners for placement of their products or services. If you're interested in getting a Zopa credit card, you apply online at the Zopa site. Zopa app. 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). They could be copying your card’s details with a skimming device. 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). 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). Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. authorised and regulated by the Financial Conduct Authority (firm product or commit to any plan. 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. Borrowing Power. Level 2, 20 St Thomas St, London, SE1 9RS. Alternatively you may wish to set up a direct debit. The representative APR (i.e. But where it comes into its own is in how you manage your card and account. 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). I'm struggling with my repayments. 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. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. Zopa says more features are on the way, so watch this space. our site. ISA. So if you’ve struggled to get approved for credit elsewhere, Zopa will still consider your application and may be able to help. 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). finder.com is an independent comparison platform and information service utility bills, credit cards have two active lines of credit, such as a phone contract and an overdraft on a current account … that aims to provide you with the tools you need to make better The Zopa Credit Card. VAT number: 259751759. Zopa’s colourful card boasts a handful of novel features, including … 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). with a fee of £15 per month, your representative rate is 49.8% APR (variable). You can arrange a direct debit for repayments when you apply for the credit card. Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). The table below shows the options available. 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). © Zopa Bank Limited 2021 All rights reserved. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. ZA227007. 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). Car finance. Years in the making and after the lender’s challenging banking licence approval, Zopa today launched its new credit card. Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. unsure you should get independent advice before you apply for any We Having started out offering personal loans, it’s now aiming to shake-up the world of fixed-term savings accounts and credit cards. Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. 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. This step won't impact your credit score. We show offers we can track - that's not every product on the market...yet. 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). Zopa has received positive reviews from customers, according to customer review platforms like TrustPilot and Reviews.io. 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). Credit card. 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. Fees and rates are subject to change without notice. Savings. 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). finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. accurate but you should confirm any information with the product or The UK’s first peer-to-peer lender, Zopa, has launched an app-based travel credit card in a bid to rival digital banks. Keep an eye on your credit … He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. Many customers praised Zopa’s customer service and simple application process, though some investors on the Zopa platform reported poor returns. Currently Santander tops the chart with its All in One Credit Card … Zopa Limited (05197592) and Zopa … often incur steep fees and/or higher rates of interest. Zopa’s all about slick digital experiences and looking after everybody through a broad range of rates that are tailored to the individual. It's always wise to check the terms of any deal before you borrow. 'Zopa' is a trademark of Zopa Bank Limited. You can make manual repayments through Zopa's app, by logging in to your online banking or over the phone (0207 580 6060). In a challenge to the big banks, the peer-to-peer lender plans … with a fee of £7.99 per month, your representative rate is 37.7% APR (variable). The credit card offers fee-free spending abroad and innovative features such … 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). Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. service provider and read the information they can provide. 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. There's no cash advance fee on the Zopa Credit Card. “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… 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). Zopa is to become the first lender to offer lower credit card interest rates to careful spenders who have better credit ratings. Remember, your personal offer may be different to this so make sure you read the details of any offer a credit card … Uploading documents. Optional, only if you want us to follow up with you. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. What should I do? 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. This is subject to our terms of use. Data Protection ICO registration number: Monday to Thursday (9am to 5:30pm), and Friday (9am to 5pm).. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable). offer credit facilities from a panel of lenders. the rate that most cardholders will actually get) is 34.9%. That means that the better your credit score, the lower the rate you’re likely to be offered. 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). 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.) You are about to post a question on finder.com: At Finder, we value and respect our editorial independence. 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. "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 … Zopa is a peer-to-peer lender that has also held a full UK banking licence since June 2020. We keep our reviews completely factual so you can use them to make better decisions. Thomas St, London, SE1 9RG. Please note we're closed on Monday 25th May 2020 for the Bank Holiday.. Email: contactus@zopa.com Telephone: 020 7580 … While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. 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). 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 … Zopa Bank Limited is authorised by the Prudential Regulation Authority … My Zopa account. Recent … Our address is Level 2, 20 St The APR shown represents the interest rate offered to most successful applicants. Firstly, I needed to activate my card in the Zopa … 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. Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. Then click ‘Activate your card’ from your ‘To-do list’ and follow the simple steps. 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.. 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. 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 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. 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