Zilch

Zilch is a consumer payments app built around a virtual Mastercard that can be used anywhere the card network is accepted, online or in store through a mobile wallet. Shoppers choose at checkout between paying in full and earning 2% back in Zilch Rewards, or splitting the purchase into four instalments over six weeks with 25% (or in some plans 50%) paid upfront. At participating retailers the instalment option carries 0% APR and no fees; at other merchants a transaction fee may apply through Zilch Anywhere. The app includes budgeting controls, a merchant directory and a rewards balance. Zilch operates in the UK, where its credit is subject to status and limited to residents aged 18 or over, and has a US offering.