The Kogan Money Credit Card offers no annual fee and perks when you’re shopping at Kogan.com. If you want to pay off an existing credit card, 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 31 January 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.
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Kogan Money Credit Card – Balance Transfer Offer
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.
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
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 |
Amy Finder
Editor
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Amy Bradney-George Finder
November 21, 2023
Hi Katrina,
This card’s includes FRAUDSHIELD and Visa Zero Liability, which help protect you against fraudulent transactions. I hope this helps.
Ajay Raipathi
November 07, 2023
Hi Amy,
With regards to the credit card limit on the Kogan card, there is nothing mentioned about it in the details above with the exception that the minimum credit limit is $6000. Firstly is there a limit for this credit card? Secondly I have a credit card debt from my personal credit card, but I also have a small amount on Zip Pay and Zip Money. How exactly are the transfers done should we go ahead with this deal of applying for a Kogan Credit Card? Do we use a BSB and account number to transfer the funds across or are we paying off one credit card debt with another credit card which would mean a cash advance if I am not mistaken?
Many Thanks
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Amy Bradney-George Finder
November 15, 2023
Hi Ajay,
Kogan doesn’t list a maximum credit limit for this card but, as with any credit card, the actual credit limit is determined by your application and the providers lending criteria and assessment. It would be at least $6,000 with this card, as that is the absolute minimum limit for people who are approved.
In regards to balance transfers, you can request it as part of the application and would need to provide the BPAY biller code and customer reference number for the account (or accounts) you want to transfer a balance from. If your application and balance transfer are approved, then Kogan Money will move the balance to your new account. It is not treated as a cash advance, but after the introductory period, the balance transfer interest rate reverts to the card’s cash advance rate. Finder’s guide to balance transfer credit cards has more details on the process if you’re interested. I hope this helps.
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Em
September 23, 2023
Can I transfer the balance from personal loan?
Amy Bradney-George Finder
September 25, 2023
Hi Em,
Yes, you can request a balance transfer from other credit cards or loans when you apply for the Kogan Money Credit Card. You’ll need to provide the account details and amount that you want to transfer from the personal loan as part of the application. I hope this helps.
Lee-Ann
September 12, 2023
Can I transfer the balance from ZIP PAY as well as my credit card?
Amy Bradney-George Finder
September 12, 2023
Hi Lee-Ann,
If you have the BPAY details for your Zip Pay account, you should be able to include it on your balance transfer request. Finder’s guide to transferring Zip balances has more details that may be helpful. It’s also worth noting that balance transfer requests are subject to lending criteria and assessment. If you have any questions, you can use the chat service when you’re applying through the secure Kogan Money application form, or contact the Kogan Money team through the app or website. I hope this helps!
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Patrick
August 08, 2023
What are the monthly repayments? E.g. if I had a balance transfer of $10k, what is the min monthly repayment? I understand there’s zero interest on balance transfer for 18 moths, but is there a min. monthly repayment?
Amy Bradney-George Finder
August 11, 2023
Hi Patrick,
The minimum monthly repayment on this card is currently listed as 2% of the closing balance or $30, whichever is greater. You’ll see the actual minimum amount required on each monthly statement. But as a basic guide, 2% of $10,000 is $200. You can use Finder’s credit card repayment calculator to get an idea of how long it would take to pay off this balance, or to plan repayments that fit within the introductory, 0% balance transfer period. I hope this helps.
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KATRINA
November 20, 2023
i cant see anywhere if this card is protected by fraudulent use. eg if it was used by someone else other than myself