Thoughts on new MoneyMe Freestyle Credit Card with Perks?

Has anyone used MoneyMe's Freestyle credit card? It says that you get credit back when you use the card at the 1400 participating stores but there's no information on what the stores are or how much credit you get back or how much you have to spend in order to get credit. Wanted to see if anyone can shed some light on whether it's worth getting.

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Comments

  • +5

    Based on the page https://www.moneyme.com.au/line-of-credit it looks like it's just linked up to CashRewards so at a guess I'd say it's just https://www.cashrewards.com.au/in-store/offers which I can get on my normal ING account anyway, but just guessing.

    Be aware of MoneyMe, they're very high interest and fees. Essentially are a payday loan lender, at least used to be when I last looked a couple years back, not sure if they've changed since. Their fees don't seem absolutely ridiculous, but interest seems a bit high

    Edit: Yeah looks like it's just CashRewards essentially. Need to use the app to make purchases and cashback is redeemed back into your credit card account. I assume standard cashback delay, maybe a little taken off the top for MoneyMe. Full T&Cs at https://www.moneyme.com.au/terms-cashrewards which has some more details

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