In this guide

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

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Kogan Money Card – Exclusive Offer
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Terms and conditions apply
Balance transfer rate for 18 months with 1% balance transfer fee
0% p.a.
Purchase rate
20.99% p.a.
Reward point per $ spent
1
Annual fee
$0 p.a.

Our verdict

This card offers 0% interest on balance transfers for 18 months, with a 1% balance transfer fee.

Available exclusively through Finder, this introductory offer on the Kogan Money Credit Card gives you a way to pay off existing debt interest-free for up to 18 months, 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 21.74% p.a. interest rate that applies after the first 18 months is at the high end of the scale. So you’ll typically get more value out of this offer if you can pay off your balance transfer during the 0% interest period.

Pros

  • No annual fee
  • 0% p.a. on balance transfers for 18 months
  • Uncapped reward points
  • Complimentary Kogan First membership

Cons

  • Balance transfer offer has a 1% BT fee
  • High 21.74% p.a. interest rate for balance transfers after the introductory period
  • No interest-free days if you have a balance transfer
  • Purchase interest rate of 20.99% p.a. is relatively high

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. If you have a different credit card you want to pay off, you can get 0% interest on balance transfers for 18 months with 1% balance transfer fee when you apply for this card through Finder by 30 June 2024. But if you’re still paying off your balance transfer after the introductory period, a higher interest rate of 21.74% 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 21.74%
Balance transfer limit 80% of available limit
Purchase rate p.a. 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

Well done, Kogan!

The Kogan Money Black Credit Card has an ongoing $0 annual fee and earns 1 point per $1 on most eligible spending. It also has a higher earn rate of 2 points per $1 for Kogan.com purchases. Each point is worth 1 cent and can be used to pay for eligible purchases at Kogan.com or for Kogan essential bills and plans.

Full list of 2024 winners

How to apply

You can apply for the Kogan Money Credit Card online in around 15 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 offer, you need to apply through Finder before 30 June 2024.
  • 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

  • 0% balance transfer. Apply through Finder by 30 June 2024 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 90 days of approval with this offer. At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 21.74% p.a.
  • No annual fee. The Kogan Money Credit Card has an ongoing $0 annual fee.

Rates and fees

  • Purchase rate. 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.

Ask a question

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Amy Finder

Editor

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Avatar

Sarah-Jayne

February 14, 2024

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


Avatar

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.


Avatar

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!


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.


Avatar

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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Retiree eligibilty

December 27, 2023

The Kogan card eligibilty states that the card holder must have full or part time employment with an income of $35K or more. Does this mean that retirees are not eligible?


Avatar

Sarah Megginson Finder

January 05, 2024

Hi there, if you have an income in retirement of $35,000 or more, then you should be eligible. You don’t need to be working to earn an income, but you do need to be able to demonstrate the ability to service the monthly repayments via an income stream.


Hope this helps!


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