Drafty | Personal Credit vs Bip: Simple cardless credit 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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This is cardless credit you control. Bip is the cardless credit app with absolutely no hidden fees.
Experience the simplicity of Bip and join a growing community of people wanting to go cardless. Check your eligibility today to be a part of it.
Smart finance and money management - here’s what you’ll get with Bip:
Quick and simple setup - Check your eligibility (there’s no impact on your credit score), then apply and add Bip to Apple Pay and you’re good to go. If you’ve already checked your eligibility online, simply pick up your application in app to continue.
Tap. Cap. Control - Set yourself Spending Caps, get instant balance updates and copy your Bip details from within the app to spend online. With no card, there’s less hanging around.
No hidden fees - Just one interest rate. No annual charges, no late payment or over limit fees and nothing extra for using Bip abroad.
24/7 support - In-app messaging means that you’ll always have support to help you with any questions you may have. Need help setting your Spending Caps? Want general advice about your cardless credit? We’re on standby.
Boosted Payments - See how much you could save yourself by paying more off each month. Use the in-app payment slider to compare boosted payments against your minimum.
Safe and secure payments - Supported by Mastercard, Bip has the standard fraud prevention and purchase protections you’d get with a regular credit card. Apple Pay is both a safe and secure way of making contactless purchases, and just as easy as a plastic credit card.
Decide how credit works for you – managing your credit has never been easier.
Download today to get started!
Representative 39.9% APR (variable). Starting credit limit from £250 to £1,200.
Don’t forget: Failure to make payments on time or to stay within your credit limit may make obtaining credit in the future more expensive and
difficult.
Credit available only to UK residents aged 18 and over. Subject to status. Terms apply.
The APR and credit limit applicable to your account will depend on our assessment of your application.
Credit is provided by NewDay Ltd. NewDay Ltd and NewDay Cards Ltd are companies registered in England and Wales with registered numbers 7297722 and 4134880 respectively. They form part of the NewDay group of companies. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority (FCA) with numbers 690292 and 682417 respectively. NewDay Ltd is also authorised by the FCA under the Payment Services Regulation 2017 (ref no: 555318) for the provision of payment services. Bip is a trademark of NewDay Cards Ltd, which is used under license by NewDay Ltd.
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Drafty | Personal Credit VS. 
Bip: Simple cardless creditJanuary 17, 2026