Kogan Money Black Card

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Save with a $0 annual fee and reward your spending with $500 Kogan.com Credit.

The Kogan Money Black credit card combines rewards, shopping perks and cost-saving features. Earn $500 Kogan.com Credit when you apply by 31 January 2021 and use your new card to spend $4,000 on eligible purchases for the first 4 months. You’ll also earn up to 2 rewards points per $1 spent when you shop at Kogan.com and 1 rewards point per $1 spent on all other eligible transactions.

0% p.a.

Balance transfer rate

for 18 months with 1.5% balance transfer fee

20.99% p.a.

Purchase rate

1

Reward point

Per $ spent

$0 p.a.

Annual fee

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Details

Product NameKogan Money Black Card
Rewards programKogan Rewards Program
Balance transfer rate0% p.a. for 18 months with 1.5% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.99% p.a.
Annual fee$0
Interest-free period55 days
Cash advance rate21.74% p.a.
Min credit limit$6,000
Card typeVisa
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo

Pros

  • No annual fee
  • 0% p.a. for the first 18 months on balance transfers
  • $500 Kogan.com Credit
  • Uncapped rewards points

Cons

  • Charges a one-time 1.5% balance transfer fee
  • Purchase interest rate of 20.99% p.a. is relatively high
  • Maximum earn rate is only on Kogan Exclusive brands
Rewards programKogan Rewards Program
Rewards points per $ spent1
Rewards points capUncapped
Annual fee$0
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $5, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Kogan Money Black credit card is the first Kogan credit card to hit the market. Underwritten by Citi, this Visa card is designed to reward online shoppers and loyal Kogan.com customers. If you regularly shop at Kogan, you can take advantage of the higher rewards points earn rates that this card has to offer.

You can redeem your points for purchases at the Kogan.com website at a rate of 1 cent per point. So if you spend $500 on Kogan exclusive brands and earn 1,000 reward points, you could redeem that for $10 worth of purchases at Kogan.com.

How to apply

You can apply for the Kogan Money Black Card online in around 15 minutes as long as you meet the eligibility requirements and have the following information.

Eligibility criteria

  • Income. You must earn at $35,000 per year.
  • Residency. This card is only available to citizens and permanent residents of Australia.

Card benefits

  • $500 Kogan.com Credit. You'll earn $500 Kogan.com Credit when you apply by 31 January 2021 and spend $4,000 on eligible purchases in the first 4 months.
  • Balance transfer. Apply by 31 January 2021 and you can get existing debt under control and pay 0% p.a. interest on balance transfers for 18 months (with a one-time 1.5% balance transfer fee). At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 21.74% p.a.

Rates & fees

  • $0 annual fee. The Kogan Money Black card does not does charge an annual fee.
  • Purchase rate. This card charges a 20.99% p.a. variable purchase interest rate.

Compare $0 annual fee credit cards

Data indicated here is updated regularly
Name Product Annual fee Purchase rate Balance transfer rate
ANZ Low Rate
$0 annual fee for the first year ($58 p.a. thereafter)
12.49% p.a.
0% p.a. for 25 months with 1.5% balance transfer fee
Save with 0% p.a. on balance transfers for 25 months (with a 1.5% BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Coles No Annual Fee Mastercard
$0
0% p.a. for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months. Ends 31 January 2021.
Citi Simplicity Card
$0
0% p.a. for 6 months, reverts to 21.49% p.a.
0% p.a. for 6 months
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
St.George Vertigo Classic
$0 annual fee for the first year ($55 p.a. thereafter)
13.99% p.a.
0% p.a. for 24 months
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
Qantas American Express Discovery Card
$0
20.74% p.a.
Earn 0.75 Qantas Points for your everyday purchases, uncapped, and pay $0 annual fee for the life of the card on this no-frills frequent flyer card.
St.George Amplify Platinum
$0 annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
St.George No Annual Fee
$0
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
Westpac Altitude Platinum Credit Card - Existing Customer Offer
$0 annual fee for the first year ($150 p.a. thereafter)
20.49% p.a.
6.99% p.a. for 12 months
Westpac customers only: Earn 100,000 bonus Altitude Points when you spend $3,000 within 90 days. Plus, a first-year annual fee waiver.
Bank of Melbourne Vertigo Classic
$0 annual fee for the first year ($55 p.a. thereafter)
13.99% p.a.
0% p.a. for 24 months
Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.
NAB StraightUp Card
$0
N/A
Save with 0% interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.
BankSA No Annual Fee
$0
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Offers 0% p.a. on balance transfers for 12 months, up to 55 days interest-free on purchases and an ongoing $0 annual fee.
American Express Velocity Escape Card
$0
20.74% p.a.
Earn 0.75 Velocity Points on your everyday purchases, uncapped, and pay $0 annual fee for the life of the card with this no-frills frequent flyer card.
BankSA Vertigo
$0 annual fee for the first year ($55 p.a. thereafter)
13.99% p.a.
0% p.a. for 24 months
Enjoy a 0% p.a. for 24 months on balance transfers, with no balance transfer fee. Plus, $0 first-year annual fee.
St.George Vertigo Classic Rainbow
$0 annual fee for the first year ($55 p.a. thereafter)
13.99% p.a.
0% p.a. for 24 months
All the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
Bank of Melbourne Amplify Platinum
$0 annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
BankSA Amplify Platinum
$0 annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
Save with a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus a $0 first-year annual fee.
Coles Rewards Mastercard
$0 annual fee for the first year ($99 p.a. thereafter)
19.99% p.a.
0% p.a. for 18 months with 1.5% balance transfer fee
Enjoy $100 off a Coles Supermarket, a $0 first-year annual fee and a 0% p.a. on balance transfers for 18 months (1.5% fee applies). Ends 31 Jan 2021.
Bankwest Breeze Classic Mastercard
$0 annual fee for the first year ($49 p.a. thereafter)
10.99% p.a.
0% p.a. for 26 months with 2% balance transfer fee
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Bankwest Breeze Platinum Mastercard
$0 annual fee for the first year ($69 p.a. thereafter)
10.99% p.a.
0% p.a. for 26 months with 2% balance transfer fee
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
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