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Imagine a credit card that doesn’t just sit in your wallet collecting dust, but actively works for you, turning everyday purchases into opportunities for rewards and savings. Tailor-made for those who love spending smart, the Kogan Money Credit Card can be your new sidekick.
With no annual fee, tantalising rewards, and interest-free periods that make managing your finances a breeze, this card is designed to bring value into every corner of your life. Whether you’re scoring deals on Kogan.com or looking to get a grip on your finances, this card can help you level up your financial game.
Top Reasons to Choose the Kogan Money Credit Card
When it comes to choosing a credit card, the Kogan Money Credit Card offers several compelling reasons that set it apart from the competition:
0% p.a. on Balance Transfers for 18 Months
For those looking to manage existing debt, this card offers an 18-month period of 0% interest on balance transfers, with a modest 1% balance transfer fee.
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This can be an excellent way to consolidate debt without the immediate pressure of high-interest rates. However, be mindful that after the promotional period, the interest rate reverts to the cash advance rate, currently 22.74% p.a.
Low Purchase Interest Rate for 18 Months
With a promotional purchase interest rate of just 9.99% p.a. for 18 months, this card makes everyday spending more affordable. Whether it’s covering unexpected expenses or simply enjoying peace of mind with lower interest, this rate offers significant savings compared to standard rates.
No Annual Fee
One of the most attractive features of the Kogan Money Credit Card is that it comes with absolutely no annual fee. This makes it a perfect option for budget-conscious consumers who want to avoid unnecessary costs.
Uncapped Rewards Points
The Kogan Money Credit Card rewards your spending with points that can be redeemed for credit at Kogan.com. You earn 2 rewards points per dollar spent on eligible purchases at Kogan.com, and 1 point per dollar on other purchases.
With no cap on points, your everyday shopping can lead to significant rewards, especially if you’re a regular Kogan.com customer.
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Complimentary Kogan First Membership
As a cardholder, you’ll enjoy free shipping on thousands of products, express shipping upgrades, and exclusive deals through your complimentary Kogan First Membership. This perk alone can make the card worthwhile for those who frequently shop online.
Convenient Payment Options
The card supports mobile wallets like Apple Pay and Google Pay, allowing for quick and secure payments. Additionally, features like Visa payWave and FRAUDSHIELD® ensure that your transactions are both fast and secure.
Are You Ready for the Kogan Money Credit Card? Here’s What You Need
The Kogan Money Credit Card isn’t just for anyone—it’s for those who know how to make their money work harder. If you think you’re up for the challenge, here’s the checklist to see if you’re in:
- 18 and Counting: You’re old enough to vote, drive, and yes—get your hands on this credit card. You’ve hit the magic number: 18.
- Aussie Through and Through: This card is exclusively for Australian residents who call this beautiful country home.
- Making Bank: Whether you’re working full-time, part-time, or running your own show as a self-employed entrepreneur, you need a steady income to keep things flowing.
- Good Vibes Only (Credit-Wise): Your credit score needs to be in good shape. If you’ve been good with your finances, this card could be your next reward.
- Stay Connected: A valid Aussie address, email, and mobile number are a must. We’ve got to stay in touch, after all.
Think you’ve got what it takes? If you’re nodding along, you might just be ready to take the next step.
Step-by-step guide on how to apply for the Kogan Money credit card
Applying for the Kogan Money credit card is quick and easy. By following the steps outlined below, you should be able to complete your application in about 10 minutes.
Step 1 – Visit the official Kogan Money credit card website.
Step 2 – Scroll down to find the “Apply now” button and click on it.
Step 3 – You will be redirected to a new page where you will need to verify that you meet the basic application requirements. If everything is correct, click on the “apply now” button.
Step 4 – It’s time to start your application. To do this, provide the requested information, following the instructions given until the end.
Step 5 – Verify your identity. To do this, have your driver’s license or passport ready for identity verification. You may also be asked to send supporting documents, such as a utility bill or bank statement to confirm your address.
Step 6 – You will also be asked to provide your financial details such as your employment status, income details and any existing financial commitments such as mortgage or rent payments. This will help determine your eligibility and the appropriate credit limit.
Step 7 – Double-check all the information you have provided and click ‘Submit’. If additional documents are required, you will be asked to submit them before finalising your application.
Step 8 – Once you have submitted your application, you should receive a decision within 60 seconds. If your application is approved or conditionally approved, you will be notified immediately. In some cases, further review may be required and you will be contacted within two working days.
Step 9 – Once submitted, you will receive a confirmation email with your application reference number. Use this number to track the status of your application online.
Once approved, your new Kogan Money credit card should arrive within 5-10 working days, ready to be activated and used.
Credit Card Costs
Understanding the costs associated with the Kogan Money Credit Card is crucial for managing your finances effectively:
- Interest Rates: After the promotional period, the interest rate for purchases reverts to 21.99% p.a., while cash advances incur a rate of 22.74% p.a.
- Fees: The card has no annual fee, but there are other fees to be aware of, such as a $5 domestic and international cash advance fee, a 3.4% international transaction fee, and a $30 late payment fee.
These costs are competitive within the Australian market, particularly given the card’s rewards and promotional offers.
What You Need to Know Before Applying for the Card
Before submitting your application, it’s important to consider the following:
- Balance Transfers: Keep in mind that while the 0% p.a. interest rate on balance transfers is attractive, you’ll be charged interest on new purchases if you have an outstanding balance transfer.
- Rewards Redemption: Rewards points can be redeemed for credit at Kogan.com, with 1,000 points equating to $10 of credit. However, some transactions, such as cash advances and balance transfers, do not earn points.
Being aware of these details can help you make the most of your Kogan Money Credit Card and avoid any potential pitfalls.
How Do I Increase the Credit Limit on This Card?
To increase your credit limit, you can apply through your Kogan Money online account or the mobile app. Keep in mind that the maximum increase is 50% of your existing limit, and your total credit limit cannot exceed the product maximum.
What Should I Do If I Cannot Pay the Amount on My Card?
If you find yourself unable to pay the minimum amount due on your card, it’s crucial to contact Kogan Money immediately. They can help you explore your options, such as setting up a payment plan or adjusting your credit limit. Ignoring the payment could result in additional fees and negatively impact your credit score.
Contact Details of the Financial Institution
If you need assistance with your Kogan Money Credit Card, you can contact their customer service team:
- Phone: 1300 415 445 (within Australia) or +612 8288 2061 (from overseas).
- Online: Log in to your Kogan Money online account or mobile app to access support and manage your card.
The team is available 24/7 to assist with any issues, from reporting a lost or stolen card to disputing a transaction.
