Kogan Money launches its first credit card
The Kogan Money Black credit card offers a $300 Kogan.com credit, uncapped reward points per $1 spent and no annual fee.
In November 2018, Kogan announced that it would be entering the credit card market in 2019. Almost a year later and the retail giant has launched the Kogan Money Black credit card. 
Available from today, the Visa credit card is designed to reward regular online shoppers and Kogan.com customers. Cardholders will be rewarded with a $300 Kogan.com credit when they spend $3,000 on eligible purchases within the first 90 days of approval. They'll also earn 2 reward points per $1 spent when purchasing exclusive products Kogan.com and 1 reward point per $1 spent on all other eligible transactions at Kogan.com and elsewhere.
You can then redeem your points to make purchases at the Kogan.com checkout at a rate of 1 cent per point. So if you spent $500 on Kogan exclusive brands and earn 1,000 reward points with your credit card, you could redeem those points for $10 worth of a future purchase at Kogan.com.
The Kogan Money Black credit card charges $0 annual fee and cardholders can take advantage of 0% on balance transfers for 12 months (which reverts to the cash advance rate thereafter). Like most rewards cards, it charges a relatively high purchase rate of 20.99% p.a. With that in mind, it's better suited to people who regularly pay their balance in full each month and can take advantage of the up to 55 interest-free days.
You can check out Finder's review of the Kogan Money Black credit card for a full overview of the rates, fees and features you can expect.
Kogan is marketing the credit card but it is issued by Citi. Similar to Citi's arrangement with Qantas Money, it provides the system infrastructure, servicing, back-office processing, regulatory and compliance oversight as well as the branded digital platforms.
This news follows the announcement that Kogan Money is branching into other financial products such as superannuation in partnership with Mercer, and home loans with Adelaide Bank and Pepper Money in 2018.
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