LemFi Credit is a revolving credit line accessible through a virtual card that you can add to Apple Pay or Google Pay. It’s designed to help you manage your finances effectively and build a positive credit history. Please note that late or missed payments will be reported to credit reference agencies, which could negatively impact your credit score.

While LemFi Credit operates similarly to a traditional credit card by allowing you to make purchases via a virtual card, there are two key differences: No Interest-Free Period: LemFi Credit does not offer an interest-free period like traditional credit cards. Interest is calculated on all transactions starting from the date of the spend. Automatic Instalment Plans: Each transaction is automatically split into four equal monthly instalments. Your minimum monthly payment will include the sum of all instalments on all purchases that still need to be repaid. You can also make extra payments at any time to reduce your balance and interest payable.

Existing LemFi customers who are UK residents aged 18 or above with a UK bank account that supports Open Banking are eligible to apply for LemFi Credit. If you’re unsure about your eligibility, you can easily check it through the LemFi app without any impact on your credit file.

Yes! Absolutely, as long as you have had a UK bank account for at least 6 months that supports Open Banking, you are eligible to apply for LemFi Credit.

No, there are no sneaky fees associated with LemFi Credit. Interest is charged transparently, and the product is designed to be straightforward and free of hidden charges like late fees or over-limit fees.

LemFi has partnered with Abound to offer you LemFi Credit. LemFi Credit is provided by Abound. Fintern Ltd (trading as Abound) is authorised and regulated by the Financial Conduct Authority, FRN 929244. LemFi is not a lender and is an Introducer Appointed Representative of Fintern Ltd (trading as Abound).