- Up to $20,000 credit account limit
- Up to 55 days interest free on purchases
- Credit back when you shop with partner stores
- Annual fee from $0 to $149 (depending on credit limit)
- Fast online approval and instant credit access
- Eligible for Apple Pay and Samsung Pay
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MoneyMe Credit Cards
MoneyMe Freestyle Virtual Mastercard
Updated 21 October 2021
Ditch the plastic with MoneyMe Freestyle Virtual Mastercard which is instantly available via the iOS and Android app once you apply online and get fast approval within 60 minutes. Get access to a credit line of up to $20,000. Loaded with exciting features such as Tap n Pay with up to 55 days interest-free on purchases, ability to transfer money to anyone and credit back offers at over 1,400 of your favourite stores like Nike, The Iconic & more. Must be employed with decent credit history to get approved.
Purchase Rate (p.a)
16.99%
Balance Transfer (p.a)
N/A
Annual Fee (p.a)
$0
Pros and cons
- Additional $5 monthly fee if your balance is over $20
- Charges a 2.99% foreign transaction fee
Creditcard.com.au review
Editor Review
MoneyMe Freestyle Virtual Mastercard
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The MoneyMe Freestyle Virtual Mastercard Review
With the soaring popularity of digital cards in Australia, MoneyMe Freestyle Virtual Mastercard entered the market with its enticing flexible features. This card charges an annual fee based on your credit limit. Get approved within minutes and you can use it straight away using your digital wallet to pay via Apple Pay or Samsung Pay.
What we love...
If you are looking for flexible options in using credit, the MoneyMe Freestyle Virtual Mastercard has a few ways to do this. What makes this card even more attractive is the speed of its process. Once an application is submitted, you can expect the result within minutes. If you’re approved, you can use it right away using your digital wallet to pay via Apple Pay or Samsung Pay.
In terms of flexibility, it offers its users the option to choose a credit limit based on what they request. This card comes with a unique annual fee tier system, where the amount you pay will be based on the size of your credit limit. From $1,000 - $3,000 you pay no annual fee. For a credit limit of $3,001 - $5,000, the annual fee is $49 while for a credit limit between $5,001 - $20,000, you'll pay $149.
The card offers up to 55 days interest free on purchases. That means, if you clear your balance by the due date each month, you will have up to 55 days before interest starts accruing on your purchase. This helps you cover day-to-day spending using your virtual card, without having to pay interest for the privilege.
MoneyMe Freestyle Virtual Mastercard allows you to transfer funds into any bank account from any bank you’re transferring to with a 16.99% cash advance fee. You can also get credit back on your account when you shop with over 1,400 partner stores – including Apple, THE ICONIC, and David Jones.
Designed to offer a more secure way to pay, this digital card can work well when signing up for subscription services you don’t plan on continuing, or when buying something online from a retailer you’re unsure of.
What's not so great...
MoneyMe Freestyle Virtual Mastercard also charges a monthly fee of $5 if you're carrying a balance of over $20 and a purchase interest rate of 16.99% p.a. Thus, it's best to settle your balance all the time.
Additionally, since there is no physical plastic card for this account, you'll need to have a device compatible with Google Pay or Apple Pay to make transactions.
Why should you choose this card?
If you are into utmost convenience, easy application, fast approval, and more secure transactions, you can opt to use a digital card. MoneyMe Freestyle Virtual Mastercard offers similar features with any other credit cards, absent the plastics.
Overall rating
Despite being designed for tech-savvy consumers, this is a simple credit card that keeps it real, the MoneyMe Freestyle Virtual Mastercard has a competitive rate on purchases, flexible annual fee tier, and up to 55 days interest free on purchases.
User reviews
Rates and fees
Interest rates
Purchase rate 16.99% p.a.
Cash advance rate 0.00% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $1,000
Maximum credit limit $20,000
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee N/A
Foreign transaction fee 2.99%
Minimum repayment $30
Cash advance fee N/A
Late payment fee $15
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
MoneyMe Freestyle Virtual Mastercard
Key features
- Up to $20,000 credit account limit
- Up to 55 days interest free on purchases
- Credit back when you shop with partner stores
- Ability to transfer money to friends or own bank account
- Annual fee from $0 to $149 (depending on credit limit)
- Fast online approval and instant credit access
- Eligible for Apple Pay and Samsung Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
You must be a Permanent Resident or Australian Citizen, and have a regular source of income
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
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Wes
3 August 2021Roland
4 August 2021