Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
Zopa credit card review July 2020
Zopa is launching an easy-to-manage variable rate credit card that aims to “put customers in control of their borrowing”.
The peer-to-peer lender is broadening its product range with a new credit card and savings account.
Foreign transaction charge
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.
Zopa is a peer-to-peer lender that has also held a full UK banking licence since June 2020. It is now branching out into providing fixed-term savings accounts and credit cards.
While information is currently limited, the Zopa credit card will be offered with variable rates from 9.99%, with a representative APR of 34.9%.
But where it’s likely to come into its own is in how you manage your card and account. 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.
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.
Zopa credit card features
- Easy-to-use app
- Instant payment notifications and balance updates
- No fees on overseas transactions
- Instant freeze option
How does it compare with other credit cards?
How to apply
The Zopa credit card is yet to launch, which means you can’t currently apply. If you’re interested in getting a Zopa credit card, you can sign up for the email mailing list to find out when you can apply.