Our verdict

A no annual fee card offering a $400 Kogan.com Credit, 0% on balance transfers for 6 months with no balance transfer fee.

The Kogan Money Credit Card is one of a handful of credit cards that offers both no annual fee and rewards. It earns up to 2 points per $1 spent that you can redeem for shopping at Kogan.com or for payments on your credit card account. Each point gives you a value of $0.01, which works out to $10 value for every 1,000 points.

The current introductory offer also gives you a way to earn $400 worth of Kogan.com Credit when you apply by 16 January 2025 and spend at least $3,000 on eligible purchases in the first 3 months. You can spend these credits on Kogan's site. If you're switching from another card, it also offers 0% p.a. interest on balance transfers for 6 months. But keep in mind that the interest rate that applies after the introductory period is at the higher end of the scale.

Pros

$400 Kogan.com Credit
0% p.a. for 6 months on balance transfers
No annual fee
Fixed payment option
Uncapped reward points
Complimentary Kogan First membership

Cons

High interest rates for balance transfers after the introductory period
No interest-free days if you have a balance transfer
3.4% foreign currency fee

The Kogan Money Credit Card is a no annual fee credit card that also offers rewards and shopping perks. Right now, you'll get a $400 Kogan.com Credit when you apply by 16 January 2025 and spend at least $3,000 on eligible purchases in the first 3 months.

You'll also earn 2 reward points per $1 on eligible spending at Kogan.com and 1 reward point per $1 on all other eligible spending. While it offers up to 44 days interest-free on purchases if you pay your total balance by each statement's due date, the 21.99% p.a. purchase rate is at the higher end of the scale when it's charged.

Details

Product details

Product Name	Kogan Money Credit Card
Balance transfer rate p.a.	0% for 6 months, then 22.74%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a. 21.99%
Interest-free period	Up to 44 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 15 minutes as long as you meet the eligibility requirements and have the following information.

Eligibility criteria

Income. You must earn at least $35,000 per year. You also need to have full-time or part-time employment or be self-employed.
Residency. This card is only available to citizens and permanent residents of Australia.

New cardholder. To be eligible for the introductory offers, you must be a new Kogan Money Credit Card applicant.
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.
Credit history. You must have a good credit score.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. You'll need to provide your full name, contact details (including an Australian mobile number and valid email address) and the number of financial dependants.
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

$400 Kogan.com Credit. You'll earn a $400 credit when you apply by 16 January 2025, are approved and spend $3,000 on eligible purchases in the first 3 months. This covers most everyday transactions but exclusions include balance transfers, cash advances, refunds and account fees.
Balance transfer. You can get existing debt under control and pay 0% p.a. interest on balance transfers for 6 months (with no balance transfer fee). You must request your balance transfer within 30 days from approval with this offer. At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 22.74% p.a. No interest-free days apply for purchases when you have a balance transfer.

Rewards. This card earns 2 reward points per $1 on eligible spending at Kogan.com and 1 point per $1 on all other eligible spending. You can redeem points to pay for Kogan.com purchases or use them to make payments on your Kogan Money Credit Card, with a rate of 1 cent per point.
Fixed payment options. If you use this card to pay for eligible Kogan.com purchases, you could get 0% p.a. for up to 24 months when you pay it off in instalments. Fixed payment options have a one-off fee of up to 6.5% and a minimum spend of $50.
Complimentary Kogan First membership. This card offers complimentary Kogan First Membership, which is normally a paid member service. 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.
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 and fees

$0 annual fee. The Kogan Money Credit Card does not charge an annual fee.
Purchase rate. This card charges a 21.99% p.a. variable purchase interest rate, which is slightly higher than the average standard rate for credit cards in Australia (currently 20.16% according to RBA data).
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 get up to 44 interest-free days on purchases. But 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. This card offers credit limits from $6,000. When you apply, you can request a specific credit limit or choose to be offered one as long as it is above this minimum amount.

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Amy Finder

Editor

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June

September 26, 2023

Hi Amy, I am just looking for a card for my husband as he is a secondary cardholder on mine and if anything happens to me, he won’t have a card. We are fully self-funded retirees and I have just been through a very unpleasant process with another card provider, is it worth applying for this Kogan one do you think?

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Amy Bradney-George Finder

September 27, 2023

Hi June,

Please be aware that Finder can only give general advice and factual information. In regards to this card, the eligibility requirements include having employment or being self-employed. But Finder does have a guide to credit cards for people who are retired or receive a pension, which may be of assistance. You could also consider discussing your options with your current credit card provider. I hope this helps.

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Ashwini

March 28, 2023

I am not able to apply for Kogan credit card. Doesn’t give me a option to apply.

Amy Bradney-George Finder

March 30, 2023

Hi Ashwini,

This card isn’t currently available through Finder, but you can apply directly through the provider’s website. I hope that helps.

Kogan Money Credit Card

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