How to Apply for your Freestyle Credit Card
The Freestyle Credit Card offers 55 days interest-free, zero to low annual fees, flexible credit limits, plastic-free payments, and a user-friendly app
Freestyle Credit Card Benefits
See below the main advantages offered by this card:
- Interest-Free Days and Zero Fee Options: experience financial freedom with the Freestyle Credit Card, which offers up to 55 days interest-free on everyday purchases. This feature allows cardholders to manage their spending flexibly without the immediate pressure of interest accumulation during the initial repayment period. It provides a perfect opportunity to budget effectively and make larger purchases without the worry of extra costs. After this interest-free period, a standard interest rate ranging from 18.74% to 23.74% p.a. will apply, based on the specific terms associated with your account. This tiered interest rate ensures that customers can choose an option that best aligns with their financial situation and spending habits.
- Annual Fee: one of the standout features of the Freestyle Credit Card is its competitive annual fee structure. For credit limits of up to $3,000, you can enjoy a $0 annual fee, making it an attractive option for those who wish to minimize costs. If you find yourself needing a higher credit limit, the fees remain reasonable: just $49 for limits between $3,001 and $5,000, and $149 for limits from $5,001 to $10,000. This tiered fee structure caters to a diverse range of users, ensuring accessibility regardless of financial needs.
- Monthly Fee: managing your finances is made easier with the Freestyle Credit Card’s monthly fee policy. If your balance stays below $20, you won’t incur any monthly fees. However, if your balance exceeds this threshold, a modest $5 monthly fee will apply, allowing you to keep your overall expenses manageable and predictable.
- Cash Advance Fee: the Freestyle Credit Card also allows for convenient cash withdrawals at ATMs, subject to a cash advance fee of 1.5% on the amount withdrawn. This feature provides an added layer of convenience, giving you the freedom to access cash when necessary without excessive fees.
- Plastic-Free Payments: take advantage of the modern payment capabilities with your Freestyle card, enabling you to Tap ‘n Pay or shop online wherever Mastercard is accepted. This flexibility ensures seamless transactions without the need for a physical card, allowing for quick and easy payments whether you’re at the store or shopping from the comfort of your home.
- User-Friendly App: managing your finances has never been simpler with the Freestyle app. You can apply for the card in minutes and effortlessly monitor your spending and account status at any time. Everything you need is readily available at your fingertips, making account management straightforward and efficient. Enjoy the ease of managing your finances while taking advantage of the many benefits the Freestyle Credit Card offers.
What You Should Have to Apply
- Age: you must be at least 18 years old.
- Residency: Must be an Australian citizen, New Zealand citizen, or permanent resident
- Income Requirement: Earn more than $30,000 p.a. from employment
- Credit Rating: A fair to good credit rating can increase your chances of approval.
These criteria ensure that the card is suited for individuals who can fully benefit from its features, providing a balance of convenience and practicality. Also, you may need to provide some documentation like ID or passport, proof of address, proof of income, etc.
Who is This Card For?
The Freestyle Credit Card is tailored for individuals who want fast and flexible access to credit. It’s ideal for those who need an instant credit solution for everyday expenses, unexpected costs, or online shopping.
The card is also well-suited for people who prefer a digital-first approach to banking and value the convenience of a virtual card.
Overall, this card is perfect for individuals seeking a modern, low-cost credit card that adapts to their lifestyle and financial needs.
Step-by-Step to Apply for the Card
- Visit the MoneyMe Website: Navigate to the credit card section to explore the Freestyle Credit Card.
- Review Card Details: Understand the card’s features, terms, and benefits to ensure it aligns with your financial needs and goals. You also need to select the credit line desired.
- Start the Application: Press the “Apply Now” button and fill out the application form with your personal and financial information.
- Submit Required Documents: You may need to provide proof of income, identification, and any other necessary documents during the application process.
- Instant Approval: MoneyMe will assess your application instantly. Upon approval, you will receive your virtual card for immediate use.
Freestyle Credit Card Pros and Cons
Pros
- Interest-Free Period: Up to 55 days interest-free on everyday purchases, offering flexibility in managing finances without immediate interest pressure.
- Zero/Low Annual Fees: No annual fee for credit limits up to $3,000, and reasonable fees for higher limits, catering to various financial needs.
- Low Monthly Fees: No monthly fee if the balance stays below $20, and only $5 for balances above that, helping keep costs manageable.
- Cash Advance Flexibility: Convenient cash withdrawals with a low 1.5% fee on the amount withdrawn.
- Plastic-Free Payments: Tap ‘n Pay and online shopping without needing a physical card, ensuring quick and easy transactions.
- User-Friendly App: Effortless account management and real-time spending monitoring through a simple, intuitive mobile app.
Cons
- No Rewards Program: The card does not offer a rewards or cashback program, which may not appeal to those looking for direct spending incentives.
- Credit Limit Fees: The annual fee vary based on your credit limit, which may increase the cost for higher limits.
How to Unlock Your Freestyle Credit Card
- Log in to MoneyMe Online Account: Access the MoneyMe website or mobile app and log in to your account.
- Navigate to Card Services: Select “Activate New Card” if applicable.
- Set Your PIN: Choose a secure PIN for your virtual card.
- Add to Your Mobile Wallet: Use your card for online purchases or add it to your mobile wallet for in-store use.
Fees and Tariffs
- Annual fee: $0 for credit limit up to $3,000, $49 From $3,001 to $5,000 credit limit, and $149 From $5,001 to $10,000
- Cash advance fee: 1.5% on ATM withdrawals
- Credit limit: $1,000 – $10,000
- Monthly fee: $0 for Balances under $20, and $5 for Balances over $20
- Interest free days: up to 55 days on everyday purchases
Understanding these fees helps you manage the card effectively while maximizing its benefits. Responsible use of the card ensures you avoid unnecessary charges and make the most of its features.
Customer Service
- Phone: Call 1300 352 899 for support regarding your Freestyle Credit Card. MoneyMe’s customer service team is available to assist with inquiries, from account management to payment issues.
- Website: Visit MoneyMe Customer Support for more information, FAQs, and online assistance. The website provides extensive resources to help you understand and manage your card efficiently.
- Mobile App: Use the MoneyMe mobile app to manage your account, view transactions, and contact customer support directly.
