Zilch Credit Card Review 2024: Check Pros and Cons

In the crowded UK credit card market, Zilch has become the best option for people looking for flexibility without the strings of traditional credit cards. So, now the question is, what exactly is the Zilch Credit Card, and why is it so popular among many UK consumers?

In this review, I will take you through its pros, cons, and what makes Zilch stand out from its competitors. Zilch is popular in the credit card market for its Buy Now, Pay Later (BNPL) features. Now lets discuss these in detail.

What is Zilch Credit Card?

Zilch is an app-based virtual Mastercard that allows you to buy now, pay later (BNPL). Most of the stores allow to use Zilch for free, but some stores charge a fee of up to £3.

These features of the Zilch Credit Card allow you to buy the item you want whenever you need it, and it is over 4 installments in 6 weeks. There are many benefits of using Zilch Credit Card. It offers £5 as a signup bonus to its new customer.

How does Zilch Credit Card Work?

First of all, you have to sign up and add a payment method then Zilch generates a virtual card. To use this card, you will need to activate purchases either online or through the app.

There are hundreds of online stores to choose from, like Amazon and eBay, but if the store is not listed, you can use the ‘Try Anywhere’ feature to shop at any other store, either online or in person. At the time of payment you have only two options:-

1. Pay in full upfront – This gives you 0.5% cashback at certain stores.
2. Pay in 4 installments – You will pay 25% upfront, then another 25% every two weeks for the next 6 weeks. There is usually a £2.50 fee for this option.

Your payment will be deducted from the card you added to your account (like a debit card) unless you have rewards credit. Natwest Credit Card

Difference between Zilch Up and Zilch Classic?

This table helps you to understand the difference between Zilch Up and Classic:-

Features of Zilch Credit Card

Here are some key features of Zilch Credit Card:-

Zero interest – You don’t have to pay any extra fees for using Zilch.

Pay in 4 – You can split your payment into 4 equal parts with each payment made every two weeks.

Build credit – Paying on time helps improve your credit score over time.

Increase your credit limit – You can unlock tasks in the app to help raise your credit limit.

No early repayment charges – You can pay off what you owe early without any extra fees.

Earn rewards – If you pay for something in full at checkout, you can earn Zilch Rewards.

No late fees – If you miss a payment, you won’t get charged a late fee, but missed payments could negatively impact your credit score.

Shop for more than clothes – Zilch lets you pay not just for clothes and home items but also for things like food, flights, books, plants, and more.

Zilch Credit Card Rewards

When you sign up using a friend’s referral link, you will receive £5 in rewards. You can use this £5 for any purchase. You can also use it to get a free Amazon gift card. Here is the complete process:-

Steps:

1. Sign up using the referral link.
2. Complete the sign-up process.
3. Add your debit card.
4. You will get 500 points (worth £5).
5. Go to the Amazon store in the app.
6. Tap “Pay it all now,” and turn on the £5 discount.
7. You will be taken to Amazon—buy a £5 gift card using your Zilch card.
8. The gift card will be free since your £5 rewards cover the cost.

Pros and cons of Zilch Credit Card

Zilch is a buy now, pay later service that lets you order items now and pay for them later without interest. You can use it for shopping online or in stores, and it offers a few unique benefits. However, there are some things to watch out for.

Pros

• Buy now, pay later – Get your items now and pay later, no need to wait for payday.
• Interest-free – Zilch doesn’t charge you any interest on your payments.
• No early repayment fees -You can pay off your balance early without any extra charges.
• Use almost anywhere – You can use Zilch at any store that accepts Mastercard.
• No hidden or late fees – You don’t have to pay any extra fees unless you are shopping at non-partner sites.
• Virtual card – You get a virtual card, so there’s no need to wait for a physical card.

Cons

• Extra charge at some stores– If you shop at a non-partner site, you may pay up to £3 extra at checkout.
• Can impact your credit score– If you miss payments, it could damage your credit score.
• Limited payment plans – You can only split payments into 4 parts over 6 weeks (25% each time).
• Can’t pause payments – If you’re waiting for a refund, you’ll still be charged until the refund is processed.
• Customer service issues – Some users have faced issues reaching Zilch’s customer support team.

Zilch customer reviews and feedback

Most people really like using Zilch! It’s easy to use, and many customers love how it helps them spread the cost of their purchases over time. Zilch has a high rating of 4.6 out of 5 on Trustpilot, which is considered “Excellent.” This score is based on over 55,000 customer reviews as of May 2024.

Positive Reviews

• Customers love how simple and convenient Zilch is to use.
• Many people appreciate the option to pay for items over several weeks.

Negative Reviews

• Some customers have had problems with customer service, especially when trying to reach Zilch for help with issues or payments.

Conclusion

I have discussed all the important points, including the features, benefits, and Pros and Cons of Zilch Credit Card. You can go through the above information and take your decision whether you need this card or not. I have also mentioned the customer review of the card.

Still, if you have any questions, make sure to write in the comment section. Also, don’t forget to share it with your friends and colleagues. Ocean Credit Card Review

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Ella

Hello! I’m Ella Patel, a blogger based in India with a strong specialization in the finance sector. My journey into the world of finance and writing is a blend of academic achievements and professional experiences, which I am excited to share with you