4.3

★★★★★

Finder score

Compare

Representative example:: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).
Minimum credit limit: £250
Interest-free each billing period: Up to 56 days
Foreign transaction charge: 0%

Our verdict

Zopa has launched an easy-to-manage variable rate credit card that aims to “put customers in control of their borrowing".

Zopa is a lender that has held a full UK banking licence since June 2020. Having started out offering personal loans, it's now aiming to shake-up the world of fixed-term savings accounts and credit cards.

The Zopa credit card is offered with variable rates that are tailored to the individual applicant, starting as low as 9.9%. That means that the better your credit score, the lower the rate you're likely to be offered. The representative APR (i.e. the rate that most cardholders will actually get) is 34.9%. That's higher than most credit cards, so Zopa may be primarily targeting the "sub-prime" market – that's applicants with limited or damaged credit histories.

Whatever rate you get offered, it'll be pegged to the Bank of England base rate – so if interest rates generally start to rise, the rate on the Zopa card will too.

One of the main benefits of this card is the exchange rates. Use it abroad, and you'll enjoy Visa's standard currency conversion rates – most credit cards add hefty fees on top of this.

But where it comes into its own is in how you manage your card and account. The Zopa credit card can be managed via an easy-to-use app, which offers instant payment notifications, real-time balance updates and the ability to freeze your card at any time.

Customers looking for a credit card with all the quality-of-life features offered by the digital banks may want to keep an eye on the Zopa credit card.

Pros

No foreign transaction fee on purchases
No annual fee
Cash Cushion feature lets you set aside some of your available credit balance for when you really need it

Cons

Fee applies to cash withdrawals
Interest will be charged on cash withdrawals from the date of the transaction, even if you pay off your balance in full
Interest will apply to purchases if you don’t clear your balance each month

Zopa is broadening its product range with a credit card and savings account.

Potential costs: 4.6/5
Doing its job: 4.5/5
Extras: 3.3/5

In a nutshell:

A great app and fee-free currency conversion

That steep representative APR means most applicants are likely to be offered a relatively high interest rate

Details

Product overview

Issuer	Zopa
Network	Visa
Representative APR	34.9%
Annual/monthly fees	£0
Purchases	34.9%
Purchases interest-free period	Up to 56 days
Cash advances	34.9%
Minimum credit limit	£250
Maximum credit limit	Subject to status: £1,200
Incentive
Potential costs	4.6 ★★★★★
Doing its job	4.5 ★★★★★
Extras	3.3 ★★★★★
Overall Finder Score	4.3 ★★★★★

Fees and charges

Minimum monthly payment	1% or £5 (whichever is greater) or the total of any interest, default fees and charges, your monthly simple interest rate plus 0.1%.
Annual/monthly fees	£0
Foreign usage charge (EU)	0%
Foreign usage charge (rest of world)	0%
Cash advance fee	0%
Late payment fee	£12
Duplicate statement fee	£0
Exceeding limit fee	£0
Additional card fee	£0
Dormancy fee	£0

Application requirements

Minimum Age	18
Minimum income	£10,000
Availability	Available to new customers

The Zopa Credit Card is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.

Repayment options

You can make manual repayments through Zopa's app by logging in to your online banking or over the phone (0207 580 6060). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount	Fixed amount	Fixed percentage	Full amount

How does it compare?

Zopa's card

1 - 1 of 1

Name	Product UKCCF	Finder Score	Foreign transaction fee	Foreign cash transaction fee	Interest-free days on foreign transactions	Interest-free days on foreign cash transactions	Incentive	Representative example	Link
Zopa Credit Card Visa		4.3 ★★★★★	0%	0%	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).	View details Compare	loading Fetching your data...

Other popular cards for overseas spending

Table: sorted by representative APR, promoted deals first

1 - 20 of 23

Name	Finder Score	Foreign transaction fee	Foreign cash transaction fee	Interest-free days on foreign transactions	Interest-free days on foreign cash transactions	Incentive	Representative example	Link
Santander All in One Credit Card	4.4 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days	0.5% after £1 of monthly spend. Maximum of £10 cashback paid per month. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.	Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).	Check eligibility View details Compare	loading Fetching your data...
Yonder Credit Card Finder Award	4.5 ★★★★★	0%	0%	0 days	0 days	First month free for new members, £15 p/m thereafter. Plus, 10,000 bonus points. Earn 5 points per £1 spent and up to 25 points per £1 at selected partners. Membership includes worldwide travel insurance, no FX fees and use your points towards any flight.	Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a. with a fee of £15 per month, your representative rate is 66.7% APR (variable).	Check eligibility View details Compare	loading Fetching your data...
118 118 Money Guaranteed Rate Card	3.8 ★★★★★	0%	5%	Up to 51 days	Up to 51 days		Representative example: When you spend £1,200 at a purchase rate of 49% (variable) p.a., your representative rate is 49% APR (variable).	Check eligibility View details Compare	loading Fetching your data...
Yonder 'No Fee' Credit Card Finder Award	4.0 ★★★★★	0%	0%	0 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 32.9% (variable) p.a., your representative rate is 32.9% APR (variable).	Check eligibility View details Compare	loading Fetching your data...
Santander Edge Credit Card Mastercard	4.5 ★★★★★	0%	3% (min. £3)	0 days	0 days	2% after £1 of monthly spend in first year, then 1%. Maximum of £15 cashback paid per month.	Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).	View details Compare	loading Fetching your data...
The Royal Bank Credit Card	4.6 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).	View details Compare	loading Fetching your data...
NatWest Credit Card	4.7 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).	View details Compare	loading Fetching your data...
Royal Bank of Scotland Reward Black Credit Card	4.0 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days	Earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: £0 per annum, your representative rate is 40.7% APR (variable).	View details Compare	loading Fetching your data...
NatWest Reward Black Credit Card	4.3 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days	You'll earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum, your representative rate is 40.7% APR (variable).	View details Compare	loading Fetching your data...
The Ulster Bank Credit Card Mastercard	4.7 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).	View details Compare	loading Fetching your data...
Nationwide Member Credit Card Balance Transfer Additional account needed	4.4 ★★★★★	0%	2.5% (min. £3)	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).	View details Compare	loading Fetching your data...
Nationwide Member Credit Card All Rounder Additional account needed	4.4 ★★★★★	0%	2.5% (min. £3)	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).	View details Compare	loading Fetching your data...
Halifax Clarity Credit Card Mastercard	4.5 ★★★★★	0%	0%	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 23.94% (variable) p.a., your representative rate is 23.9% APR (variable).	View details Compare	loading Fetching your data...
Virgin Money Travel Credit Card Finder Award	4.5 ★★★★★	0%	3%	Up to 50 days	0 days	Enjoy exclusive offers and rewards on the Virgin Red app.	Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).	View details Compare	loading Fetching your data...
Barclaycard Rewards Visa	4.3 ★★★★★	0%	0%	Up to 56 days	Up to 56 days	0.25% after £1 of yearly spend. Cashback paid On request into Card Account. Cashback paid annually or on request. Maximum spend for cashback purposes is limited to credit limit.	Representative example: When you spend £1,200 at a purchase rate of 28.9% (variable) p.a., your representative rate is 28.9% APR (variable).	View details Compare	loading Fetching your data...
Bip Credit Card Mastercard	4.0 ★★★★★	0%	0%	Up to 48 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 29.95% (variable) p.a., your representative rate is 29.9% APR (variable).	View details Compare	loading Fetching your data...
Zopa Credit Card Visa	4.3 ★★★★★	0%	0%	Up to 56 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).	View details Compare	loading Fetching your data...
Tesco Bank Clubcard Plus Credit Card Mastercard Finder Award	4.6 ★★★★★	0%	3.99% (min. £3)	Up to 56 days	0 days	5 points per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.	Representative example: When you spend £1,200 at a purchase rate of 19.94% (variable) p.a. with a fee of £7.99 per month, your representative rate is 37.7% APR (variable).	View details Compare	loading Fetching your data...
Santander World Elite Mastercard Additional account needed	4.4 ★★★★★	0%	3% (min. £3)	Up to 56 days	0 days	0.5% on £1 to £3000 of monthly spend. Maximum of £15 cashback paid per month. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.0.5% cashback on monthly spend of up to £3,000. Access to over 1 million Wi-Fi hotspots, no foreign transaction fees, discount on travel insurance.	Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £15 per month, your representative rate is 49.8% APR (variable).	View details Compare	loading Fetching your data...
Monzo Flex Additional account needed	3.9 ★★★★★	0%		0 days	0 days		Representative example: When you spend £1,200 at a purchase rate of 29% (variable) p.a., your representative rate is 29% APR (variable).	Go to site View details Compare	loading Fetching your data...

Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Credit Cushion

This feature lets you set aside some of your availble credit which you can then use for a ‘rainy day’ instead of using your available balance or savings. You can control how much goes into the ‘Credit Cushion’ and access it at any point.

Zopa customer reviews

Zopa has received positive reviews from customers, according to customer review platforms like Trustpilot and Reviews.io. It currently has an “excellent” rating at Trustpilot, with an overall customers review score of 4.3 out of 5, based on more than 19,000 reviews (updated March 2023). Many customers praised Zopa’s customer service and simple application process, though some investors on the Zopa platform reported poor returns.

The Zopa app has also received good customer reviews (updated March 2023), with a rating of 4.8 out of 5 on the Apple App Store (based on 7,500 reviews), and a rating of 4.4 out of 5 on the Google Play store (based on more than 3,300 reviews).

The bottom line

Zopa’s all about slick digital experiences and looking after everybody through a broad range of rates that are tailored to the individual. So if you’ve struggled to get approved for credit elsewhere, Zopa will still consider your application and may be able to help.

The currency conversion fee – or rather the lack of one – is one of the cards best features. Plus, unlike some cards offering this benefit, those transactions will still enjoy the same interest-free grace period that sterling transactions enjoy (up to 56 days) provided you clear your balance in full each month.

Ultimately this is a perfectly decent card so long as you clear your balance in full each month. If you don’t, that relatively high representative APR means that it could get expensive.

Zopa says more features are on the way, so watch this space.

How to apply

If you're interested in getting a Zopa credit card, you apply online at the Zopa site. You'll first be prompted to check your eligibility by handing over a few basic details about yourself. This step won't impact your credit score.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Frequently asked questions

If Zopa is able to offer you this deal, the offer will specify a personalised credit limit based on Zopa's assessment of your situation. The minimum limit offered on the card is £200, while the maximum is £1,500. Once you've had the card for a while and shown Zopa that you're reliable, you may wish to apply for a credit limit increase.
Revenue-baseAlthough it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.
There's no cash advance fee on the Zopa Credit Card.
The interest rate on this part of your balance will be 34.9%, which is the same as the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).d financing is a type of business lending where you sacrifice a percentage of your future turnover for cash. Unlike traditional business loans, you don’t pay interest – the amount you repay will be tied to your monthly turnover.
Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.
Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

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Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full profile

Zopa Credit Card review