Freestyle Virtual Mastercard card image

MoneyMe Freestyle Virtual Mastercard

Advertiser disclosure
Purchase rate
16.99% p.a.
Balance transfer rate
No current offer
Annual fees
$209 $0 - $149 based on credit limit, $5/month for balances over $20.
Interest free days on purchases
55
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Mozo editorial review MoneyMe Freestyle Virtual Mastercard - last updated: 25 March 2021

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What's hot
  • Up to 55 interest free days
  • Annual fee depends on credit limit
  • Online application can be completed in minutes
What's not
  • 16.99% purchase rate
  • $5 monthly fee for balances over $20
Mozo snapshot

The MoneyMe Freestyle Virtual Mastercard credit card combines the ease of online banking and the flexibility to set your own fees. You’ll have access to regular credit card features like up to 55 interest-free days, but there are also some innovative perks that the average Aussie might want to take advantage of, such as credit back offers that are available at over 1,400 stores!

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Key features

If you like the idea of online-only banking and are in need of some plastic, then you might want to consider the MoneyMe Freestyle Virtual Mastercard credit card. There’s up to 55 interest free days, the ability to pay via Apple and Google Pay and a 16.99% purchase rate. And as the name suggests, this is a virtual credit card, meaning you'll be able to manage your entire account through the MoneyMe app. 

One unique feature of the Freestyle Virtual Mastercard is its annual fee tier system, where the amount you pay depends on the size of your credit limit. The fees are as follows: 

  • $0 for a credit limit of up to $3,000

  • $49 for a credit limit between $3,001 and $5,000

  • $149 for a credit limit of between $5,001 and $20,000 

It’s also worth noting that this credit card also comes with a $5 monthly fee if your balance exceeds $20 (fee is waived for balances under $20), giving you a good incentive to ensure your balance is paid off in full every month. Applying for this virtual plastic takes as little as five minutes, plus you could be approved within 60 minutes! 

Freestyle Virtual Mastercard customers are also able to transfer funds into any bank account, no matter which bank you’re transferring to. Just keep in mind that this is MoneyMe’s version of a cash advance, so this means you will immediately incur the 16.99% cash advance fee. 

Other fees to keep in mind are the $15 late payment fee and the 2.99% foreign exchange fee that’s charged for purchases made on international websites or if you take the card overseas.


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Who is it good for

The MoneyMe Freestyle Virtual Mastercard credit card could be a good option for Aussies who prefer to keep their banking entirely digital. And with the option to have a $0 monthly fee for balance under $3,000, this card could also benefit spenders who only plan to use it for smaller purchases.

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Any catches


There’s no denying the innovative edge the MoneyMe Freestyle Virtual Mastercard offers, however you will need to be careful with how you use it. If you do need to transfer some of the funds into your bank account, you will immediately be charged the 16.99% cash advance rate. 

There is also a $5 monthly fee for balances over $20, so be sure to always pay the balance off in full every month to avoid this. 


Details

Rates and fees information correct as at 24 July 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

16.99% p.a.

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No current offer

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16.99% p.a.

55

Fees

$209.00

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$15.00

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2.99%

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Features

$30.00

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Annual fee includes $5 monthly fee charged for balances over $20.

Payment options

Apple Pay, Google Pay

Other benefits

Earn credit back through MoneyMe Perks when you make purchases with Freestyle through the MoneyMe app at participating online stores. Transfer funds to a bank account as a cash advance.

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