Introducing Wizit Powerup

Wizit Powerup gives you financial flexibility through access to a personal line of credit. It’s designed for bigger expenses and those moments where you need extra breathing room, with credit up to $30,000. Interest rates are tailored to you based on your individual credit assessment and circumstances at the time of application. Importantly, you’ll only be charged interest on the funds you’ve actually used.

A line of credit works differently to a typical loan. Instead of getting one fixed lump sum and repaying it over a set term, you’re approved for a credit limit and can choose when to use it. As your pay down your Powerup balance, you can apply to access those funds again - up to your approved credit limit via the top up process. You stay in control of when you access the funds with flexible repayments that reflect what you’ve used. Learn more about Powerup here.

Powerup offers a line of credit up to $30,000, with eligibility, interest and limits based on your individual situation. If you qualify, it can be a practical option that gives you additional flexibility when costs go beyond your usual budget. It suits costs that sit outside your usual weekly budget, like a last-minute holiday booking, a bigger essential purchase, or keeping a buffer there for emergencies.

Powerup also keeps fees simple. There’s no establishment fee, no monthly or annual fee, and no early repayment fee. You pay interest on what you use, and you can repay the full balance off at any time without early repayment fees.

With Powerup, once you’re approved, you can transfer available funds to your bank account or Wizitcard. Simply link your Powerup and Wizitcard accounts in the app to enable instant fund transfers^ to your Wizitcard. You can even use the Auto Powerup feature which automatically transfers additional funds to your Wizitcard if you need a little bit extra to cover a purchase. It’s a simple way to increase flexibility while keeping everything easy to manage through the Wizit app.

This information is general in nature and does not take into account your personal financial situation, objectives, or needs. You should consider whether this product is appropriate for you and seek independent advice if necessary.

^Standard interest applies to your Powerup account on the transferred amount.