Our verdict

No longer offered

The Kogan Money Credit Card – 0% Purchase and Balance Transfer Offer is no longer available for new applications. We’ve kept this information online for existing customers and for those who are interested. You can also compare a range of current balance transfer credit cards on Finder.

Pros

0% p.a. on purchases for 9 months
0% p.a. on balance transfers for 9 months
Uncapped reward points
No annual fee
Complimentary Kogan First membership

Cons

Charges a one-time 1% balance transfer fee
Relatively high 21.99% p.a. interest rate for purchase after the introductory period
High 22.74% p.a. interest rate for balance transfers after the introductory period
Outside of introductory offers, no interest-free days if you have a balance transfer
3.4% foreign currency fee

The Kogan Money Credit Card offers no annual fee and perks when you’re shopping at Kogan.com. As a new cardholder, you can enjoy a 0% p.a. interest on purchases for the first 9 months and if you have a different credit card that you want to pay off, you can also save with a 0% p.a. interest on balance transfers for 9 months (with a one-time 1% balance transfer fee). But if you’re still paying off your balance transfer after the introductory period, a higher interest rate of 22.74% p.a. applies. If you need to combine several debts to a balance transfer and you frequently shop at Kogan, this card offers a useful combination of perks and benefits.

Details

Product details

Product Name	Kogan Money Credit Card - 0% Purchase and Balance Transfer Offer - DISCONTINUED
Balance transfer rate p.a.	0% for 9 months with 1% balance transfer fee, then 22.74%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a. 0% for 9 months, then 21.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	22.74%
Min credit limit	$6,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$35,000

Rewards

Rewards program	Kogan Rewards Program
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	Uncapped

Fees

Annual fee	Annual fee $0
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	Foreign currency conversion fee 3.4%
Cash advance fee	3.5% or $5, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Kogan Money Credit Card online in around 10 minutes as long as you meet the eligibility requirements and have the following information.

Eligibility criteria

New cardholder. To be eligible for the purchase and balance transfer promotions, you must be a new Kogan Money Credit Card applicant.
Income. You must earn at least $35,000 per year.

Residency. This card is only available to citizens and permanent residents of Australia.
Eligible balance transfer debt. If you are transferring a balance, you can request to transfer from $500 up to 80% of your available credit limit from credit cards, store cards, personal loans and lines of credit issued in Australia.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. Including your full name, contact details (including an Australian mobile number and valid email address), number of financial dependents.
Proof of identification. You'll be required to provide at least one form of ID including an Australian passport or driver's licence.
Income. Confirm your employment status and total annual salary.
Finances. This includes your expenses, liabilities and assets.
Balance transfer details. If you're transferring a balance to this card, you'll need to confirm how much you're requesting to transfer and provide details of the existing account(s) you're moving it from.

Card benefits

0% interest on purchases for 9 months. Get a 0% p.a. interest rate for purchases you make in the first 9 months. At the end of the introductory period, the interest rate for purchases reverts to 21.99% p.a.
0% balance transfer. You'll get 0% p.a. interest on balance transfers for 9 months, with a one-time 1% balance transfer fee. You must request your balance transfer within 3 months of approval to take advantage of this offer. At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 22.74% p.a.

No annual fee. The Kogan Money Credit Card has an ongoing $0 annual fee.
Rewards. You'll earn 2 rewards points per $1 on eligible spending at Kogan.com and 1 reward point per $1 spent on all other eligible transactions. You can use your points to pay at Kogan.com, with 1,000 points worth $10 credit. Or, use points for payments to your Kogan Money Credit Card.
Complimentary Kogan First membership. You'll save with a complimentary Kogan First Membership. Perks include exclusive member deals, free delivery on thousands of eligible products, upgrades to express shipping and priority customer service.
Additional cardholders. You can request up to 4 additional cardholders at no extra cost.
Security. This account offers FRAUDSHIELD security protection. As a Visa card, you also get access to the Zero Liability policy to help protect you if fraudulent transactions occur.
Mobile wallets. You can add the Kogan Money Credit Card to Apple Pay and Google Pay, giving you a way to make secure payments straight from your mobile phone (or other devices).

Rates & fees

Purchase rate. Outside of any promotions, this card charges a 21.99% p.a. variable purchase interest rate.
Cash advances. If you use your card to make a cash advance, such as an ATM withdrawal, you'll be charged the cash advance rate of 22.74% p.a. and a cash advance fee of $5 or 3.5% of transaction value, whichever is higher.

Interest-free days. When you pay your previous balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer.
Foreign transaction fee. If you use your card to shop overseas or online with an international retailer, you'll be charged a foreign transaction fee of 3.4%.
Minimum monthly payment. Each month, you'll need to make a minimum monthly payment which is the greater of $25 of the card balance, or 2% of the card balance at the end of the statement period plus any interest charges or fixed payment option fees.
Minimum credit limit. You can request a credit limit from $6,000.

Sources

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Amy Finder

Editor

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Pourya

June 28, 2023

Hi,

What is the maximum credit limit for this card?

Thanks

Elizabeth Barry Finder

July 10, 2023

Hi Pourya,

Thanks for your question.

Kogan does not provide the maximum credit limit for this card as it approves credit limits based on your serviceability of the repayments. The minimum credit limit for the Kogan Money card is $6,000.

Hope this helps,

Elizabeth

Stephanie

June 25, 2023

Hi there, I have a question regarding this credit card’s balance transfer. In Ts&Cs it states: “Whilst you have a Balance Transfer, you will not be eligible for any interest free days” Does this mean the 0% interest free does not apply to the total amount that I have with balance transfer?

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Amy Bradney-George Finder

June 28, 2023

Hi Stephanie,

You would still get the introductory 0% interest rate for balance transfers with this offer, as well as the introductory 0% purchase rate. At the end of the introductory period, any remaining balances will be charged interest. If you have a balance after the introductory period, you also won’t be able to get up to 55 days interest-free on purchases unless you pay the total amount listed on each statement by the due date. Finder’s guide to interest-free days explains how this feature works. If you have further questions about interest or these introductory offers, you can check with Kogan Money by using the chat service in the Kogan Money Credit Card Mobile App. I hope that helps.

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tony

June 23, 2023

Hi Want to do balance transfer – can you help?

Sarah Megginson Finder

June 26, 2023

Hi Tony,

If you’d like to apply for a 0% balance transfer card, you have a couple of options.

To apply for this Kogan card, click the green “go to site” button and you can fill in the forms and get your application underway.

If you’d like to review other options for different 0% interest cards to see a few different offers and options, visit:

https://www.finder.com.au/credit-cards/balance-transfer-credit-cards

Hope this helps!

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Kogan Money Credit Card – 0% Purchase and Balance Transfer Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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