The Kogan Money Credit Card offers no annual fee and perks when you’re shopping at Kogan.com. As a new cardholder, you can save with 9.99% p.a. interest on purchases for 18 months and if you have a different credit card that you want to pay off, you can also get 0% p.a. interest on balance transfers for 18 months (with a one-time 1% balance transfer fee) when you apply for this card through Finder. 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.
Kogan Money Credit Card – Exclusive Offer
![Kogan Money Card – Exclusive Offer](https://www.finder.com.au/niche-builder/601b39c3d6e09.jpg)
- Balance transfer rate for 18 months with 1% balance transfer fee
- 0% p.a.
- Purchase rate for the first 18 months (reverts to 21.99%)
- 9.99% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $0 p.a.
Our verdict
Offers 0% on balance transfers (with a 1% BT fee) and 9.99% on purchases, both for 18 months.
Pros
-
No annual fee
-
0% p.a. for 18 months on balance transfers
-
Low 9.99% p.a. purchase rate for 18 months
-
Uncapped reward points
-
Complimentary Kogan First membership
Cons
-
Balance transfer offer has a 1% BT fee
-
A high 22.74% p.a. interest rate on balance transfers after the introductory period
-
A 21.99% p.a. interest rate on purchases applies at the end of the introductory period
-
No interest-free days if you have a balance transfer
Details
Product details
Product Name | Kogan Money Card – Exclusive Offer |
Balance transfer rate p.a. | 0% for 18 months with 1% balance transfer fee, then 22.74% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | Purchase rate p.a. 9.99% for 18 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 |
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2022/07/AmyBG_Supplied_1000x1000.jpg)
Amy Finder
Editor
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
April 23, 2024
Hi Mohan,
According to Kogan, when you submit your application, they will tell you within 60 seconds whether you are:
– approved
– conditionally approved
– or your application needs further review.
Provided they have all your documents, they confirm that they will respond to you within 2 business days. Once you’ve submitted your online application, you’ll receive a confirmation email containing your Application Reference Number, and a link to check the status of your application online. If you don’t have this information, you can contact them directly for an update.
Best of luck!
Show more Show less
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
Sarah-Jayne
February 14, 2024
Can you transfer the debt from another kogan credit card to get the low interest rate
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
February 15, 2024
Hi Sarah-Jayde,
No, this offer is only eligible if you transfer a card from a different lender, so you won’t be able to transfer a debt from an existing Kogan card.
There are a number of balance transfer offers in the market if you wish to transfer a debt and pay 0% interest – here’s a few options on the market right now.
Hope this helps!
Show more Show less
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
John
February 05, 2024
We are both pensioners. we own our home, we have approximate $45,000 in the bank and no outstanding debuts. We find shopping with credit cards a very convenent way for us. Our current credit card is with Citi bank and has a high fee.
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
March 26, 2024
Hi John,
There are a number of credit cards on the market available to those who don’t have a high income, but who represent a good risk as borrowers. Here are a few low-fee options that might suit.
Hope this helps!
Show more Show less
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
Jess
January 03, 2024
Hello,
Is it possible to transfer a personal home loan onto the credit card and pay it off weekly?
We also are starting our own home business but with only my husband and I employed, so is it a good idea to use this as a corporate card or just as personal card and use as both?
Thank you!
Thank you!
Jess
Show more Show less
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/RichardWhitten_Finder_600x600.jpg)
Richard Whitten Finder
January 09, 2024
Hi Jess,
You may be able to transfer personal loan debt to a balance transfer credit card (but check with Kogan first) but not a home loan.
As for your second question, we are unable to give you personal advice on what is a good idea in terms of decisions about financial product. Sorry we can’t be more helpful.
Show more Show less
![Avatar](https://www.finder.com.au/global/images/finder-default-gravatar-64.png)
Jess
January 03, 2024
Hello,
If we have an outstanding home loan of, say, 60k, is it possible to transfer this loan onto the credit card and pay that off weekly?
Thank you.
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
January 04, 2024
Hi Jess, Technically this may be possible, if you withdraw the funds as a cash advance to pay off the loan. But you would pay interest of 20% plus, whereas on a home loan the interest rate is around 6%. Keep in mind that you are usually able to make extra payments on your home loan, so if your goal is to pay it off more quickly, you could make additional payments week to week to pay it off.
Hope this helps!
Show more Show less
Mohan
April 06, 2024
Hi,
It’s been 2 weeks since I applied for this Kogan credit card. Still shows status as submitted.
May I know how long it takes before they decide?
Thanks