In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates and fees
  • Ask a question

Kogan Money Credit Card – Exclusive Offer

  • Amy Bradney-George's headshot
Kogan Money Card – Exclusive Offer
Go to site
Terms and conditions apply
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.

The exclusive offers on the Kogan Money Credit Card give you a way to save money for 18 months. You’ll get 0% p.a. for 18 months on balance transfers, with a one-time 1% balance transfer fee. Unlike some credit cards, this one lets you transfer debt from personal loans and lines of credit, as well as store and credit cards from other Australian financial institutions. But the 22.74% p.a. balance transfer rate that applies after the first 18 months are at the high end of the scale. So it's a good idea to pay off any remaining balances during the 0% interest period.

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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates and fees
  • Ask a question

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.

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 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
Finder Awards badge

Congratulations, Kogan!

Kogan Money Credit Card received the highly commended award for 'No Annual Fee Rewards Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

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

  • Apply through Finder. To get the 0% balance transfer and 9.99% p.a. purchase rate offer, you need to apply through Finder.
  • 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.

Card benefits

  • Balance transfer offer. Apply through Finder and you'll get 0% p.a. interest on balance transfers for 18 months, with a one-time 1% 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.
  • Purchase rate offer. This card charges a 9.99% p.a. interest rate on new purchases made with this card for the first 18 months when you apply for this card through Finder. At the end of the introductory period, the purchase interest rate will revert to 21.99% p.a. Note that you will still be required to meet minimum repayments during the interest-free period.

Rates and 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.

Ask a question

Ask a question
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Amy Finder

Editor

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Avatar

KP

November 03, 2024

can you please elaborate on Interest-free days. Card description says “When you pay your previous balance in full by the statement due date, you can take advantage of up to 44 interest-free days on purchases. You won’t be eligible for interest-free days if you’re paying off a balance transfer.”


How will repayment work with BT?


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Angus Kidman Finder

November 04, 2024

If you’ve transferred a balance, no interest applies to that transferred balance during the offer period. But that means any new purchases won’t be eligible for a no-interest period. If you’re using the card for a balance transfer, it makes sense not to use it for new purchases and to focus on paying down that balance. But if you’re using it for everyday purchases, the interest-free days can be useful. Hope that helps.


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Luke

October 30, 2024

I’m self employed but haven’t yet done last years tax return. Can I use BAS statements and bank records as proof of income?


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Angus Kidman Finder

October 31, 2024

Hi Luke, Kogan’s criteria for self-employed applicants are two years of tax returns or two years of company P&L statements – so it looks like you’d need to have done your tax return before applying. Hope this helps.


Avatar

CC

September 29, 2024

2 questions: What is the fee for missed monthly repayments?

Do they accept a balance transfer from Westpac Ignite?


Avatar

Sarah Megginson Finder

September 30, 2024

Hi CC,


A missed monthly payment is considered to be late, so you would be charged the listed late payment fee of $30.


There are no brands mentioned as being excluded for the balance transfer in the FAQs or the terms and conditions, so it’s likely that a Westpac card is eligible. But if you want to be certain before you apply, you can call their customer service team on 1300 415 445.


Hope this helps!


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Jeigh

September 14, 2024

Hi,


Is this promotion of 18months 0% interest on balance transfer still on offer? I went to the kogan money website and the offer is different. If I sign up through finder website, will I get this 18months 0% on balance transfer offer? Thank you


Avatar

Angus Kidman Finder

September 15, 2024

Hi Jeigh, Yes, you need to apply through Finder to get the 18 months offer – you can start your application with the ‘Go to site’ button at the top of this review.


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Ta Ta

September 11, 2024

Is this card available for the self employed?


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Angus Kidman Finder

September 13, 2024

Hi, yes, self-employed folks can apply for this card, provided they meet the minimum income requirement of $35,000. You will be asked to provide evidence of your income, so have this ready before applying.


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