The Zable credit card can be used for making purchases in shops, online and for withdrawing cash.

Please note that we charge a fee for cash withdrawals equivalent to 3% of the transaction amount, subject to a minimum of £3. You will be able to borrow up to your credit limit, we will tell you how much this is when you have been accepted. Please also be aware that we do report any cash withdrawals made with the card to the credit reference agencies, which may have an impact on your credit file.

Every month you will be required to make a payment to your credit card. As part of opening the card we will need you to set up a regular monthly payment (don’t worry this is easy to do in our App). This cannot be for less than the minimum payment. We will tell you how much this is on your monthly statement and will be available to view in your App. Credit cards are designed to provide you flexibility and so the minimum payments are set relatively low. We would encourage you to pay more than the minimum payment if you can afford to.

A credit card is not suitable for long term borrowing. If you are looking to purchase a large item and repay over a long period of time a personal loan may be more suitable.

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