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!
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.
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.
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.
| 16.99% p.a. | |
| none | |
| No current offer | |
| none | |
| 16.99% p.a. | |
| 55 |
| $209.00 | |
| none | |
| none | |
| none | |
| $15.00 | |
| none | |
| 2.99% | |
| none | |
| none | |
| none |
| $30.00 | |
| none | |
| none | |
| Annual fee includes $5 monthly fee charged for balances over $20. |
Apple Pay, Google Pay
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.
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Kogan Money
Black Card
20.99% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$0
Kogan Rewards Points
St.George
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
MoneyMe
Freestyle Virtual Mastercard
16.99% p.a.
No current offer
$209 $0 - $149 based on credit limit, $5/month for balances over $20.
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
David Jones
American Express Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$99
Qantas Frequent Flyer
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
55,000
1.25 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Westpac
Altitude Platinum
Altitude Rewards
$150 $49 in the first year
130,000
1 point uncapped
David Jones
American Express Platinum Card
Qantas Frequent Flyer
$295
35,000
0.5 points uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Kogan Money
Black Card
0% p.a. for 12 months and then 21.74% p.a.
20.99% p.a.
$0
Kogan Rewards Points
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 11.99% p.a.
$45
St.George
Vertigo
0% p.a. for 30 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
St.George
Amplify Rewards Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Rewards
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
NAB
Low Rate Card
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
No current offer
20.74% p.a.
$450
Qantas Frequent Flyer
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
St.George
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Bank of Melbourne
Vertigo
13.99% p.a.
0% p.a. for 30 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
BankSA
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
St.George
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
David Jones
American Express Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$99
St.George
Vertigo
13.99% p.a.
0% p.a. for 30 months and then 21.49% p.a.
$55 $0 in the first year
Bank of Melbourne
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
David Jones
American Express Platinum Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$295
