Tymit

Tymit is a digital-only credit card issued through a mobile app; there are no physical branches or plastic cards unless requested. The product is interest-bearing revolving credit priced at representative 29.9 % APR (variable), placing it in the mid-range between high-street and sub-prime cards. All acquisition, servicing and spending are handled in-app, so distribution is 100 % online. The card’s standout feature is real-time instalment control: every transaction can be split into 3-36 equal monthly payments within the app, with interest quoted per purchase before confirmation. Users see the exact fee and repayment date for each item, replacing the traditional monthly statement with a line-by-line instalment schedule. This “buy-now, pay-later meets regulated credit” positioning is protected by a UK patent and FCA-authorised lending licence. Core customers are 25-45-year-old urban professionals who regularly use contactless and e-commerce, want predictable repayments, and dislike lump-sum statements. They value financial transparency, mobile self-service and the flexibility to finance large items without opening multiple store cards. Tymit competes with both digital credit cards and merchant-integrated BNPL providers. It differentiates by offering regulated revolving credit that works everywhere Visa is accepted, not just at partner merchants, while still giving transaction-level instalment choice and cost visibility.