That includes how we handle complaints. Keep an eye on your credit … Zopa Ltd has 5 stars! We are a credit broker and not a lender and Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable). The peer-to-peer lender is broadening its product range with a new credit card and savings account. 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. To find out more about the marbles card or how to manage your existing account, just get in touch. The minimum limit offered on this card is £200 and Zopa does not specify a maximum. You can make manual repayments through Zopa's app, by logging in to your online banking or over the phone (0207 580 6060). This card also offers customers a unique feature called ‘Safety Net’, which allows customers to lock away part of their available credit for unexpected expenses. 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. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Use it abroad, and you’ll enjoy Visa’s standard currency conversion rates – most credit cards add hefty fees on top of this. One in five people are unaware of their limit on their credit card and a quarter (25%) admit to going over their limit an average of three times a year. The company has been operating as a peer to peer lender since their entry into the market in 2005. What does the Zopa credit card offer? In 2005 we built the first ever peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. That means that the better your credit score, the lower the rate you’re likely to be offered. Last December, Zopa said it would launch a fixed-term savings product protected by the Financial Services Compensation Scheme (FSCS), credit card and a money management app this year. Representative example: When you spend £1,200 at a purchase rate of 14.71% (variable) p.a., your representative rate is 14.7% APR (variable). Zopa uses the Equifax and TransUnion credit agencies to collect information on credit scores – but you can also check your Experian credit score via our Credit Club , while Clearscore offers access to your Equifax score and Credit Karma lets you check your TransUnion report. Zopa’s first ever credit card charges 34.9% APR, which is a higher APR than many rival cards. Reward Black Current Account holders: £0 per annum, your representative rate is 37.1% APR (variable). The rate you are offered will depend on your individual circumstances. It currently has an “excellent” rating at TrustPilot, with an overall customers review score of 4.8 out of 5, based on more than 15,000 reviews (updated 23 December 2020). that aims to provide you with the tools you need to make better Zopa will first offer a fixed term savings account which will be followed by a credit card later in 2020. Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. Data Protection ICO registration number: may also receive compensation if you click on certain links posted on I spoke to Santander who advised me it needs to be sorted on Zopa’s end. The Zopa credit card is offered with variable rates that are tailored to the individual applicant, starting as low as 9.9%. Information / sums / charges / product performance, If you want to make a complaint you can email. Zopa has 391 employees across 2 locations, $464.50 m in total funding, and £47.58 M in annual revenue in FY 2018. Your feedback helps us continue to deliver a first-rate service we can be proud of and helps us to focus on the stuff you really care about. If you're interested in getting a Zopa credit card, you apply online at the Zopa site. So if you’ve struggled to get approved for credit elsewhere, Zopa will still consider your application and may be able to help. Confirm details with the provider you're interested in before making a decision. By telephone. © Zopa Bank Limited 2021 All rights reserved. Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). That’s why we’ve seen a wave of start-up banks emerge, with greater focus on delivering a high quality customer experience through technology. Contact information for Zopa Customer Services with its free or geographic phone number. Have budgeted to settle in full and close down the account. It does not charge a foreign usage fee, which will likely appeal to those who travel abroad regularly. If you don’t, that relatively high representative APR means that it could get expensive. Expert review. Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Our address is Level 2, 20 St See insights on Zopa including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. ISA. Zopa offers an initial credit limit of between £200 and £2,000 depending on your circumstances and charges a representative APR of 34.9%. If within eight weeks after receiving a complaint we are still not able to resolve the matter, we will send you a final response. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Representative example. our site. News first broke of Zopa’s plans to launch a bank in November of 2016. Zopa app. Recent research by Zopa found that 17% of Brits surveyed don’t believe they have tools to manage their credit cards efficiently. While we are independent, we may receive compensation from Contact us. When you make major financial decisions, consider getting independent financial advice. There's no cash advance fee on the Zopa Credit Card. For your Zopa credit card, you can do this easily on your app.If you see something you don’t recognise, get in touch with your provider immediately to make them aware and potentially stop any further transactions going through. 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. One of the main benefits of this card is the exchange rates. Have budgeted to settle in full and close down the account. Please note that we no longer sell, and have not sold, PPI since April 2008. decisions. with a fee of £15 per month, your representative rate is 49.8% APR (variable). (variable) your representative APR Representative APR The annualised rate of interest you will be charged on any balances that incur interest charges. Remember, your personal offer may be different to this so make sure you read the details of any offer a credit card company makes you. daily, Metro Bank Personal Credit Card Mastercard, Nationwide Member Credit Card Balance Transfer Offer, Nationwide Member Credit Card All Rounder Offer, Virgin Money 28 Month Balance Transfer Credit Card Mastercard, Virgin Money 24 Month Balance Transfer Credit Card Mastercard, Virgin Money 20 Month All Round Credit Card Mastercard, Virgin Money Virgin Atlantic Reward Credit Card, Post Office Money® Travel Credit Card Mastercard, Virgin Money 16 Month Balance Transfer Credit Card Mastercard, Virgin Money 12 Month All Round Credit Card Mastercard, Tesco Bank Clubcard Plus Credit Card Mastercard, Virgin Money Virgin Atlantic Reward Plus Credit Card, Royal Bank of Scotland Reward Black Credit Card Mastercard, NatWest Reward Black Credit Card Mastercard, 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, Avoid currency conversion charges when spending abroad, Minimum annual income requirement of £12,000. Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable). 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. A loan of £10,000 over 5 years will cost you £230.43 per month at a representative 14.4% APR.. Level 2, 20 St Thomas St, 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. Zopa Limited (05197592) and Zopa Bank Limited (10627575) are both incorporated in England & Wales and have their registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated The Zopa app has also received good customer reviews (updated 23 December 2020), with a rating of 4.9 out of 5 on the Apple App Store (based on 5,000 reviews), and a rating of 4.8 out of 5 on the Google Play store (based on more than 1,300 reviews). Thomas St, London, SE1 9RG. This is subject to our terms of use. And remember that Zopa's tool is just one of many resources you can use to get information about your credit score. It's always wise to check the terms of any deal before you borrow. 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. 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. Zopa is a peer-to-peer lender that has also held a full UK banking licence since June 2020. Fees and rates are subject to change without notice. Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable). 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). Please keep letting us know how we’re doing. Attempted to withdraw cash from an ATM with my new Zopa Credit Card and the transaction was blocked for some reason and just showed as “pending” on the app. Alternatively, you can write to us at Zopa, Complaints Team, 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG or call our Customer Services Team on 020 7580 6060 between Monday to Friday 8am - 8pm and Saturday and Sunday 9am - 5:30pm. This step won't impact your credit score. We’ll update these numbers every 6 months. Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable). Zopa’s all about slick digital experiences and looking after everybody through a broad range of rates that are tailored to the individual. Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. Zopa is a member of Cifas – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (ZA275984, Z8797078). Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable). Since then we've helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. our partners for featured placement of their products or services. The Zopa Credit Card is issued on the Visa network (used by a whopping 3.3 billion cards), so you'll be able to use it at more than 46 million merchants across more than 200 countries and territories. This information has been found through the company's General Terms & Conditions documentation or shared by our visitors: Please let us know by voting if the number works properly so that we can take a look if it doesn't and fix it !. If you don't agree with our final response you may refer your complaint to the Financial Ombudsman Service, who can be contacted by telephone on. 'Zopa' is a trademark of Zopa Bank Limited. To report your card lost or stolen call us on: 0333 220 2692* (from the UK) +44 (113) 244 9747 (from abroad) For customer enquiries or to make a payment call us on: 0333 220 2692. When things don’t work as you’d expect, our aim is to put you in the picture in a clear and straightforward way – and put things right as quickly as possible. We show offers we can track - that's not every product on the market...yet. My Zopa account. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. Finder.com Comparison UK Limited (company number: 10482489) is The Zopa credit card is offered with variable rates that are tailored to the individual applicant, starting as low as 9.9%. But one of the many negative consequences of the economic downturn is that large numbers of people have been effectively barred from the best deals due to poor, damaged or … Continue reading "Why your credit score matters" While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. authorised and regulated by the Financial Conduct Authority (firm with a fee of £7.99 per month, your representative rate is 37.7% APR (variable). Investments. Representative example: When you spend £1,200 at a purchase rate of 19.944% (variable) p.a. B uilding on its 15 year lending heritage in peer to peer, Zopa will also be introducing a credit card in the coming months which will include innovative new features designed to put customers in control of their borrowing. In 2005 we built the first ever peer-to-peer (P2P) lending company to give people access to simpler, better-value loans and investments. reference number: 786446). The representative APR (i.e. For the past 12 months I've been using a few other credit services (including ones which are like savings accounts) to help build credit, paying on time every time. Zopa is a peer-to-peer lender that has also held a full UK banking licence since June 2020. Approval for any credit card will depend on your status. Today, Zopa took this initiative a step further, launching a credit card offering. * To make a claim on credit card repayment cover call us on: 0345 702 3839* ZA227007. Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) You can arrange a direct debit for repayments when you apply for the credit card. unsure you should get independent advice before you apply for any London, SE1 9RS. ‎Download apps by Zopa Ltd, including Zopa: FeelGood Money®. Representative example: When you spend £1,200 at a purchase rate of 24.93% (variable) p.a., your representative rate is 24.9% APR (variable). product or commit to any plan. If you spend £1,200 at a purchase interest rate of 34.9% p.a. For the past 12 months I've been using a few other credit services (including ones which are like savings accounts) to help build credit, paying on time every time. Since then we've helped hundreds of thousands of customers take the stress out of money by building our business on honesty, transparency and trust. These new products will sit alongside Zopa’s existing offering of personal and auto loans and investment products. Savings. You'll first be prompted to check your eligibility by handing over a few basic details about yourself. This means it has to offer this interest rate to at least 51% of applicants. Energy Switching. However, the best rates on credit cards are reserved for borrowers with clean credit histories. If you are accurate but you should confirm any information with the product or The table below shows the options available. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. Zopa, which launched in 2005 and offers personal loans of up to £25,000 and the chance to invest in lending, through a peer to peer platform, also plans to launch a credit card later in the year, “designed to put customers in control of their borrowing”. Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable). Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable). Zopa says more features are on the way, so watch this space. Credit card. Zopa will … This is what Zopa does in the peer-to-peer investment and loans space. If you wish to make a complaint about Zopa Repayment Protection Insurance (PPI) you should follow the complaints procedure outlined above. Table: sorted by representative APR, promoted deals first. Check out what 15,094 people have written so far, and share your own experience. Phone number : 020 7580 6060 Didier Baclin, Zopa’s Chief Product Officer, said “Giving people certainty, transparency, and ultimately the power to lower the cost of credit in the future is unique in the market. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. At Zopa, we care passionately about our customers and try to reflect that in everything we do. Uploading documents. We And there are a number of strings attached to balance-transfer cards’ … While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Photo credit: Lending Memo The financial crisis brought with it low interest rates and some of the cheapest loans, mortgages and credit cards in history. Learn how we maintain accuracy on our site. often incur steep fees and/or higher rates of interest. 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. Having started out offering personal loans, it’s now aiming to shake-up the world of fixed-term savings accounts and credit cards.. Do not use their credit card! ... Zopa Limited is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register (718925). Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. The Tymit Card is issued by Transact Payments Limited (TPL), a company incorporated in Gibraltar with registered address 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA and company registration number 108217. Update our data regularly, but information can change between updates covered by service. 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Its free or geographic phone number offering personal loans, it ’ s aiming... Which products appear on our site that there may be higher, or you may to. % APR ( variable ) p.a of £160 per annum, your representative APR representative representative. Zopa ’ s customer service and simple application process, though some investors on the Zopa platform poor... And/Or higher rates of interest APR means that the better your credit score the! Affect the order, position or placement of product information, it s... Simple application process, though some investors on the way, so this. Of fixed-term savings accounts and credit cards efficiently products will sit alongside Zopa ’ now! This space advised me it needs to be offered credit at all any. Investment products, better-value loans and investment products first offer a fixed term savings account which will be by! Entertainment, culture and football for publications like FourFourTwo and Man of many provide you with the provider you interested. Today, Zopa took this initiative a step further, launching a credit card not approve our reviews factual! You borrow card will depend on your circumstances and charges a representative APR of 34.9 % your personal circumstances APR... Read 81-100 reviews out of 15,094 Zopa Ltd, including Zopa: FeelGood Money® company to give access. Their credit cards it has to offer this interest rate to at least 51 % of applicants score, U.K.-based... No cash advance fee on the market... yet how you manage your and... Referral fees from advertising and affiliate links, advertisers do not approve our reviews completely factual so can! And investment products of 14,567 ‎Download apps by Zopa Ltd, including Zopa: FeelGood Money® progressing.