Zable and Lendable Credit Card Review (Updated 2025)

When it comes to credit cards, one size doesn’t fit all. For those looking to build or rebuild their credit history, finding the right card can be a challenge.

Enter the Zable Credit Card, a product from Lendable, designed with simplicity, transparency, and practicality in mind. Whether you’re a first-time credit card user or someone working to improve their credit score, the Zable Credit Card offers features that cater to everyday financial needs.

This review will dive deep into the pros, cons, fees, application process, and much more, giving you all the information needed to decide if the Zable Credit Card is the right choice for you.

Zable and Lendable Credit Card Pros

The Zable Credit Card comes with several advantages that make it an attractive option for specific users:

1. No Annual Fees: A major plus for cost-conscious individuals, Zable does not charge an annual fee, ensuring you can focus on using the card without worrying about maintenance costs.
2. Helps Build Credit: Zable reports to major credit bureaus, which can significantly help users improve their credit scores through responsible usage and on-time payments.
3. Transparent Fees: The fee structure is clear, with no hidden charges, allowing users to understand the costs associated with their card.
4. Easy Application Process: The online application is simple, taking only a few minutes to complete, and pre-qualification involves a soft credit check that doesn’t impact your credit score.
5. User-Friendly Mobile App: The accompanying app allows users to track spending, make payments, and manage their account effortlessly.
6. Flexibility with Payments: Adjustable payment dates and various repayment options cater to different financial situations.

Zable and Lendable Credit Card Cons

While the Zable Credit Card offers many benefits, it does come with some limitations:

1. Higher APR for Lower Credit Scores: Users with weaker credit histories may face higher interest rates, which can make carrying a balance expensive.
2. No Rewards or Cashback: Unlike premium cards, Zable does not offer rewards, points, or cashback options, focusing instead on functionality.
3. Cash Advance Fees: Cash withdrawals incur a fee of 3% or a minimum charge, and interest starts accruing immediately, making it a costly feature.
4. Foreign Transaction Fees: At 2.99% per transaction, using the Zable Credit Card abroad can add up, making it less ideal for frequent travelers.

Product Overview and History

The Zable Credit Card is a product from Lendable, a UK-based fintech company founded in 2014. Initially focusing on personal loans, Lendable expanded its offerings to include the Zable Credit Card, targeting individuals who need a straightforward credit solution.

The card is part of Lendable’s mission to make borrowing simple and accessible through innovative technology. Zable has quickly gained a reputation as a reliable tool for improving credit scores while providing users with an intuitive digital experience.

What Are the Fees and Charges for the Zable Credit Card?

Understanding the costs associated with the Zable Credit Card is crucial. Here’s a breakdown of the fees:

• Annual Fee: None.
• APR: Typically around 34.9%, depending on your creditworthiness.
• Cash Advance Fee: 3% of the withdrawal amount or a minimum of £3.
• Foreign Transaction Fee: 2.99% of the transaction value.
• Late Payment Fee: £12 for missed or late payments.
• Balance Transfer: Not currently offered.

While the lack of an annual fee is a standout benefit, users should be mindful of the relatively high APR and additional charges for cash advances or foreign transactions.

What Are the Application Requirements for the Zable Credit Card?

To apply for the Zable Credit Card, you need to meet these requirements:

1. Age: You must be at least 18 years old.
2. Residency: You must be a UK resident.
3. Credit History: While Zable caters to those with fair credit, a history of responsible borrowing improves your chances.
4. Income: You need a stable source of income to demonstrate repayment ability.
5. Bank Account: A valid UK bank account is required for payments and transactions.

How to Apply

Applying for the Zable Credit Card is straightforward and digital-first:

1. Visit the Website: Navigate to the Zable website and begin the application process.
2. Pre-Qualification: Enter your basic details for a soft credit check, which doesn’t affect your credit score.
3. Provide Documentation: Submit proof of ID, income, and residency as required.
4. Approval Decision: Applications are typically reviewed within 1–2 business days.
5. Card Delivery: Once approved, your card will be sent via post within 7–10 days.

Repayment Options

Zable offers multiple repayment methods to suit various financial preferences:

• Direct Debit: Set up automatic payments to avoid missing due dates.
• Manual Payments: Pay through the Zable app or website using your bank account or debit card.
• Partial or Full Payments: You can choose to pay the minimum amount, a partial amount, or the full balance each month, with no penalties for early repayment.

Why Do I Have to Sign a Continuous Payment Authority?

Zable requires borrowers to sign a Continuous Payment Authority (CPA) as part of the application process. A CPA allows Zable to collect payments directly from your bank account, ensuring timely repayment. The advantages of this setup include:

• Preventing late payments, which could harm your credit score.
• Simplifying the repayment process by automating it.
• Ensuring compliance with the card’s terms and conditions.

Who Is This Card Good For?

The Zable Credit Card is tailored to specific groups:

• Credit Builders: Ideal for individuals looking to establish or rebuild their credit history.
• First-Time Users: A simple, no-frills card perfect for those new to credit cards.
• Cost-Conscious Borrowers: No annual fees and a transparent fee structure make it a budget-friendly option.
• Digital Enthusiasts: The intuitive mobile app appeals to users who prefer managing finances online.

FAQs Related to Zable and Lendable Credit Card

What Credit Limit Will I Get With the Zable Credit Card?

Credit limits typically range from £300 to £1,500, depending on your credit profile and income. Responsible usage and timely payments can lead to credit limit increases over time.

Can I Withdraw Cash Using the Zable Credit Card?

Yes, cash withdrawals are allowed but come with a 3% fee or a minimum charge. Additionally, interest accrues immediately on cash advances, making them an expensive option.

How Much Does It Cost to Use the Zable Credit Card Abroad?

Foreign transactions are subject to a 2.99% fee, which applies to both purchases and cash withdrawals. For frequent travelers, this cost may outweigh the benefits of the card.

Do I Need to Be an Existing Lendable Customer to Apply for the Zable Credit Card?

No, you don’t need to have an existing relationship with Lendable. The Zable Credit Card is open to all eligible applicants who meet the requirements.

Conclusion

The Zable Credit Card, backed by Lendable, is a solid option for individuals looking to build or improve their credit. With no annual fees, flexible repayment options, and a user-friendly app, it’s a card that prioritises simplicity and accessibility.

While it lacks rewards and has certain fees for cash advances and foreign transactions, its transparency and focus on credit-building make it a standout choice for specific users.

If you’re searching for a straightforward credit card to improve your financial health, Zable is worth considering in 2025.