In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Kogan Money Credit Card – 0% Purchase and Balance Transfer Offer

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Kogan Money Credit Card - 0% Purchase and Balance Transfer Offer
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Terms and conditions apply
Balance transfer rate for 14 months with no balance transfer fee
0% p.a.
Purchase rate for the first 14 months (reverts to 20.99%)
0% p.a.
Reward point per $ spent
1
Annual fee
$0 p.a.

Our verdict

Offers 0% p.a. interest on purchases and balance transfers for 14 months, with a 0% balance transfer fee.

Available for a limited time only, the introductory offers on the Kogan Money Credit Card give you a way to save money in the short-term. You’ll get 0% p.a. for 14 months on purchases and balance transfers, with a 0% 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 20.99% p.a. purchase interest rate and 21.74% p.a. balance transfer rate that applies after the first 14 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

  • 0% p.a. on purchases for 14 months
  • 0% p.a. on balance transfers for 14 months
  • Uncapped reward points
  • No annual fee
  • Complimentary Kogan First membership

Cons

  • Charges a one-time 0% balance transfer fee
  • Relatively high 20.99% p.a. interest rate for purchase after the introductory period
  • High 21.74% p.a. interest rate for balance transfers after the introductory period
  • Outside of introductory offers, no interest-free days if you have a balance transfer
  • 3.4% foreign currency fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • 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 0% interest on purchases for 14 months and if you have a different credit card that you want to pay off. You can also get 0% interest on balance transfers for 14 months (with a one-time 0% balance transfer fee). But if you’re still paying off your balance transfer after the introductory period, a higher interest rate of 21.74% 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 Credit Card - 0% Purchase and Balance Transfer Offer
Balance transfer rate p.a. 0% for 14 months, then 21.74%
Balance transfer limit 80% of available limit
Purchase rate p.a.
0% for 14 months, then 20.99%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 21.74%
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
$0
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
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 10 minutes as long as you meet the eligibility requirements and have the following information.

Eligibility criteria

  • New cardholder. To be eligible for the purchase and balance transfer promotions, you must be a new Kogan Money Credit Card applicant.
  • Income. You must earn at least $35,000 per year.

Card benefits

  • 0% interest on purchases for 14 months. Get a 0% p.a. interest rate for purchases you make in the first 14 months. At the end of the introductory period, the interest rate for purchases reverts to 20.99% p.a.
  • 0% balance transfer. You'll get 0% p.a. interest on balance transfers for 14 months, with a one-time 0% balance transfer fee. You must request your balance transfer within 3 months of approval to take advantage of this offer. At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 21.74% p.a.

Rates & fees

  • Purchase rate. Outside of any promotions, this card charges a 20.99% 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 21.74% p.a. and a cash advance fee of $5 or 3.5% of transaction value, whichever is higher.

Your reviews

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Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

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Avatar

Pourya

June 28, 2023

Hi,

What is the maximum credit limit for this card?


Thanks


Avatar

Elizabeth Barry Finder

July 10, 2023

Hi Pourya,


Thanks for your question.


Kogan does not provide the maximum credit limit for this card as it approves credit limits based on your serviceability of the repayments. The minimum credit limit for the Kogan Money card is $6,000.


Hope this helps,


Elizabeth


Avatar

Stephanie

June 25, 2023

Hi there, I have a question regarding this credit card’s balance transfer. In Ts&Cs it states: “Whilst you have a Balance Transfer, you will not be eligible for any interest free days” Does this mean the 0% interest free does not apply to the total amount that I have with balance transfer?


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Amy Bradney-George Finder

June 28, 2023

Hi Stephanie,

You would still get the introductory 0% interest rate for balance transfers with this offer, as well as the introductory 0% purchase rate. At the end of the introductory period, any remaining balances will be charged interest. If you have a balance after the introductory period, you also won’t be able to get up to 55 days interest-free on purchases unless you pay the total amount listed on each statement by the due date. Finder’s guide to interest-free days explains how this feature works. If you have further questions about interest or these introductory offers, you can check with Kogan Money by using the chat service in the Kogan Money Credit Card Mobile App. I hope that helps.


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tony

June 23, 2023

Hi Want to do balance transfer – can you help?


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Sarah Megginson Finder

June 26, 2023

Hi Tony,


If you’d like to apply for a 0% balance transfer card, you have a couple of options.


To apply for this Kogan card, click the green “go to site” button and you can fill in the forms and get your application underway.


If you’d like to review other options for different 0% interest cards to see a few different offers and options, visit:

https://www.finder.com.au/credit-cards/balance-transfer-credit-cards


Hope this helps!


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