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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

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

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?