Drafty | Personal Credit vs Tymit Credit Card Usage & Stats
Tired of payday loans or other expensive forms of credit? Drafty is your fee-free way to get access to cash when you need it.
Drafty is an FCA-authorised provider of a Revolving Line of Credit. With Drafty, you get a credit limit of up to £3000 that you can dip into whenever you need. You pay interest only on the amount of credit you use with no other charges or fees. All applications are subject to status and affordability & credit assessment.
If approved, you'll be given a Drafty account - a line of credit with an agreed credit limit. You can draw cash from your credit line at any time up to the available credit limit and save the rest as a safety net for later.
With the Drafty app, you can:
• Apply for up to £3,000.
• Redraw cash within your approved limit.
• Check your available balance.
• Manage your repayments.
If you want to find out more about Drafty and how it offers an alternative to loans, check out our website at drafty.co.uk.
Drafty is a credit line with a representative and maximum APR of 96.2% (Variable). There are no additional fees. There is no minimum and no maximum repayment period as long as you repay the minimum repayment amount. You may repay back early without any fees and save on interest. Drafty doesn't offer fixed loans under 60 days.
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable).
Annual interest rate 69.4% (variable).
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Tymit is the first instalment credit card, giving you complete control and transparency over your spending from the minute you plan to make a purchase through to making the repayment.
Say goodbye to the minimum payment trap, confusing interest charges and hidden fees. Spread the cost of any purchase across up to 3 months at 0% APR. Tymit is the credit card, reinvented.
We have re-designed the credit card, to put you in control.
- Affordable repayments, at your fingertips. Spread the cost of any purchase across 3 months interest-free. If you need longer, you can choose 6, 12, 24 and 36 months (interest is payable on plans of 6 months or more). You’ll always know how much interest you’ll pay up front. So you’re always in control of what you pay, and the number of instalments.
- Complete flexibility to adjust your repayment schedule at any time.
- When deciding whether to commit to that family holiday or the latest smart phone, use our purchase simulator to plan how it will impact your monthly bills.
- Bundle up! A unique way for you to monitor your spending, by grouping similar purchases together. You can customise the appearance and apply a re-payment plan of your choice.
- Protect your credit history, by staying on track to repay your balance. The app will give you complete visibility on your future payments and deliver smart alerts to help you to never miss a payment.
- Save money when you travel, with no fees on spending abroad.
- Absolutely no fees for membership and international transactions.
Credit limits from £500 to £5,000 and interest rates varying from 29.9% - 39.9%, subject to eligibility, terms and conditions apply.
Tymit LTD is a company registered in England and Wales (No. 10827757), authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 796994 and is also registered with the Payment Services Regulator (PSR) for providing payment services. Postal address 5 Merchant Square, London, W2 1AY.
The Tymit Card is issued by Transact Payment Limited (TPL). a company incorporated in Gibraltar with registered address 6.20 World Trade Center. 6 Bayside Road. Gibraltar. GX11 1AA and company registration number 108217.
TPL is authorised and regulated by the Gibraltar Financial Services Commission as an electronic money institution and is a member of the Visa card scheme.
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Drafty | Personal Credit VS. 
Tymit Credit CardJanuary 17, 2026