How do I get a spending power increase?

Spending Power* is the estimated amount you have left to spend on Zip app orders. We’ve introduced a new way to increase your spending power by paying off a streak of 5 consecutive orders on-time or early.

You need to pay a streak of 5 consecutive on-time orders to be eligible to earn an Estimated Spending Power increase. The first 5 consecutive orders become active when the first installment is successfully paid at time of purchase. Both scheduled and early payments count towards the streak progress. You will be notified of your new Spending Power in the app after paying all 5 consecutive orders.

All installments of an order must be paid for that order to count towards your streak progress. Single installment payments do not count towards streak progress until an order is successfully paid. If you miss an installment payment for more than 3 days, your streak progress will be reset to zero and you need to start again.

Additionally, only orders placed after program launch will count towards your payment streak. Paying past orders will not increase your streak however, positive payment behavior for previous orders is taken into account when the spending power increase amount is awarded on program completion.

Your payment streak is based on the first 5 consecutive eligible orders placed after the program begins, not the order in which payments are completed. This means only the first 5 consecutive orders you create after the program launch can count toward your streak as long as they are paid in full. If you place additional orders while you’re still paying off your first 5 consecutive orders, those later orders won’t count toward your streak, even if they are paid off sooner. The only exception is if one of your original 5 consecutive orders is refunded. In that case, the next eligible order placed after the refund reflects will count towards the streak.

Estimated Spending Power increases range from $25 - $100 depending on a number of factors including your payment behavior, current spending habits and how long you’ve been with Zip. Your exact spending power increase amount will only be rewarded after you have successfully paid 5 consecutive on-time orders.

As you pay orders and progress in the program, the streak tracker will be automatically updated. You can track this in the app anytime by clicking on the Orders tab or on the Spending Power section on the upper right side of the homescreen.

Early payments count towards increasing your streak progress. You can make as many early payments as you’d like to earn that Spending Power increase faster!

Payment date changes do not impact your streak progress as long as you pay back your delayed installment on time.

You will be notified in the app upon missing installments and you can pay missed installments directly from the app. If you miss an installment payment for more than 3 days, your streak progress will be reset to zero and you need to start again.

New orders will count towards a new streak as soon as you’ve completed a previous streak. Note that you cannot start a separate, new streak while your current streak is in-progress

If an order is fully refunded, then it will not count towards the streak, but the streak will not reset. The first eligible order placed after the refund date will be the next to count towards the streak.

*Your Estimated Spending Power is a point-in-time estimate of how much you may be able to spend, is not guaranteed, and is impacted by a number of factors. Zip or WebBank may decrease your estimated spending power within its reasonable discretion, including where you have previously had an unpaid balance or have an amount past due. Your spending power is not an open line of credit. Each transaction is separately reviewed for approval. For additional details, please see the terms and conditions.