Zopa review

No. The Zopa credit card carries an annual fee of £0, and it runs on a no annual fee model (no annual fee). The main cost sits in borrowing: representative APR is 29.8% to 34.8%. Clear the balance each month and the only standing charge is the one there is not.

Representative APR runs 29.8% to 34.8%, and the rate depends on your circumstances. For context, the median APR across the site's credit card list is 20.85%, with an upper quartile of 25.27%. The card is a revolving credit card (credit), so interest builds on any balance you carry.

No currency conversion fee applies. The Zopa credit card has a conversion fee of 0%, and the app lists no fees for using the card abroad (Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real time balance updates and Instantly freeze the card if you spot an unusual transaction). The site median for cards is 1%, with an upper quartile at 2.5%.

The rewards type is none, so spending earns no cashback, points or miles. The card is built on fees and app features instead: Credit Cushion, real-time balance updates and instant card freeze all appear among the listed perks (Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real time balance updates and Instantly freeze the card if you spot an unusual transaction).

Zopa Bank Limited (Zopa Bank Limited) is regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority. The card is a credit card (credit) rather than a debit card, and the brand has been running since it was founded in 2005.

You can reach Zopa through chat, phone or a help centre, and support runs on chat, phone and help centre only. Much of the work is done in the app, with instant payment notifications, real-time balance updates, viewing your PIN in the app and instantly freezing the card if you spot an unusual transaction (Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real time balance updates and Instantly freeze the card if you spot an unusual transaction).

Credit Cushion lets you set aside part of your available credit balance, and it is listed among the Zopa card's perks (Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real time balance updates and Instantly freeze the card if you spot an unusual transaction). Because the card is a revolving credit card (credit) with representative APR of 29.8% to 34.8%, setting money aside is a way of keeping the balance that interest builds on smaller.

You can repay by debit card or set up automatic monthly repayments, both listed among the card's perks (Credit Cushion to set aside part of the available credit balance, Instant payment notifications and real time balance updates and Instantly freeze the card if you spot an unusual transaction). Paying the balance down is what keeps the £0 annual fee the only standing cost, since representative APR of 29.8% to 34.8% applies to anything left outstanding.