Woolworths Everyday Platinum Credit Card
Save with a $0 annual fee in the first year and an interest-free, 14-month balance transfer offer.
This platinum credit card offers both rewards and ways to save. You’ll earn points per $1 spent, which are automatically converted to Woolworths Shopping Cards every 4 months. You can also enjoy 10% off your shop (up to $50) once per month on selected dates. The savings continue with $0 annual fee for the first year ($49 thereafter). You can also repay an existing debt and reduce interest costs with a 0% p.a. balance transfer rate for 14 months with no balance transfer fee when you apply by 30 June 2020.
0% p.a.
Balance transfer rate
for 14 months
19.99% p.a.
Purchase rate
1
Reward point
Per $ spent (Visa/Mastercard)
$0 p.a.
Annual fee
for the first year ($49 p.a. thereafter)
Details
| Product Name | Woolworths Everyday Platinum Credit Card |
|---|---|
| Rewards program | Woolworths Shopping Card Rewards |
| Balance transfer rate | 0% p.a. for 14 months |
| Balance Transfer Revert Rate | Cash Advance Rate (19.99% p.a.) |
| Purchase rate (p.a.) | 19.99% p.a. |
| Annual fee | $0 p.a. annual fee for the first year ($49 p.a. thereafter) |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 19.99% p.a. |
| Min credit limit | $6,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | No |
| Minimum Income | $30,000 |
|---|---|
| Minimum age | 18 years of age |
| Available to temporary residents | No |
| Joint application | No |
Pros
- $0 annual fee for the first year
- 10% off on your first Woolworths shop on selected dates each month
- Earn credit card points per $1 spent that convert to Woolworths Shopping Cards
- 0% for 14 months balance transfer offer with no balance transfer fee.
Cons
- After the promotional balance transfer period, any balances remaining will accrue interest at the variable cash advance rate (currently 19.99% p.a.)
| Rewards program | Woolworths Shopping Card Rewards |
|---|---|
| Rewards Points per $ spent (Visa/Mastercard) | 1 |
| Annual fee | $0 p.a. annual fee for the first year ($49 p.a. thereafter) |
|---|---|
| Minimum monthly repayment | 2.5% of the closing balance or $50, whichever is greater |
| Late payment fee | $35 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Cash Advance Fee | 3% or $5, whichever is greater |
| Additional cardholder fee | $9 |
| Number of Additional Cardholders | 4 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
Expert review
The Woolworths Everyday Platinum combines the features of a rewards and balance transfer credit card. The credit card points program is best suited to loyal Woolworths customers who shopping rewards rather than travel or frequent flyer perks. If you use this card to conduct a balance transfer, it’s important to remember that you won’t earn any points on the transfer or repayments. Whether you’re using the card to spend or repay an existing debt, the $0 first year annual fee can help you cut card costs.
