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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.

Another exclusive offer that you can enjoy with this card is getting a discounted 9.99% p.a. interest rate on purchases for 18 months, which reverts to 21.99% p.a. thereafter.

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

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 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

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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.

Residency. This card is only available to citizens and permanent residents of Australia.
Eligible balance transfer debt. You can request a balance transfer from other credit cards, store cards, personal loans and lines of credit issued in Australia. Your balance transfer can be between $500 up to 80% of your available credit limit on this card.
Credit history. You must have a good credit score.
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.

Go to Kogan Money's site More info

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 3 months of 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.

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 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.

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.

Go to Kogan Money's site More info

Sources

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Amy Finder

Editor

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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

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!

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Sarah-Jayne

February 14, 2024

Can you transfer the debt from another kogan credit card to get the low interest rate

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!

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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.

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!

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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!

Jess

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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.

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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.

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!

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Kogan Money Credit Card – Exclusive Offer

Pros

Cons

Congratulations, Kogan!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates and fees

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