Optus launches IOU Credit

An first for Australian prepaid mobiles that allows customers to "borrow" $3 of credit.

Optus today announced an Australian first: allowing prepaid customers to borrow $3 worth of phone credit when they run out.

Dubbed IOU Credit, the service has been designed to provide a solution for prepaid customers who run out of credit and urgently need to make a call or send an SMS. By texting IOU to 468 (IOU), Optus will provide prepaid customers with $3 worth of credit that can be used for standard local and national calls and text messages within Australia.

The $3 will be automatically reimbursed to Optus the next time the prepaid customer recharges his or her mobile with credit.

“Optus IOU Credit means customers will not be caught short when they need to make important calls”, said Optus' Michael Smith. “Research shows us that customers feel confident using prepaid mobile as a way to control spending, however they do not like running out of credit.”

Optus says the IOU Credit service will be available to for existing and new prepaid mobile customers across all rate plans. However, any unused portion of IOU Credit expires in three days and is non-refundable, and users must have less than $1.50 in credit to use the service. Additionally, only one Optus IOU Credit can be outstanding at a time..

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobile phonesoptus

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Ross Catanzariti

Ross Catanzariti

Good Gear Guide
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?