Woolworths Money Everyday Platinum Credit Card – Rates and Fees

Information verified correct on December 11th, 2016

Woolworths Money presents a platinum credit card that offers special reward points, hundreds of dollars worth of discounts, a 0% p.a. balance transfer offer and $0 annual fee for the first year. Also get the chance to earn $50 Woolworths eGift Card if you apply by 31 January 2017.

The Woolworths Money Everyday Platinum Credit Card functions as a conventional credit card and is suited to people who spend money at outlets like Woolworths Supermarkets, Woolworths Liquor, and BWS. This is because you stand to get extra reward points when you use this card at these establishments. Plus, you'll get to earn $50 Woolworths eGift Card after your first purchase if you apply by 31 January 2017 and make a purchase by 28 February 2017.

Standard reward points apply when you use this card with other merchants. This card also doubles as your Everyday Rewards card, allowing you to earn additional Qantas Points, receive member discounts at Woolworths and fuel savings.

Rewards come in the form of Woolworths Shopping cards that you receive every four months, the value of which depends on the points you accumulate. You can also take advantage of up to 55 days interest-free for eligible purchases as long as you pay the total outstanding balance on the card before the due date.

Product NameWoolworths Money Everyday Platinum Credit Card
Rewards ProgramEveryday Money Reward Points
Balance transfer rate (p.a.)0% p.a. for 14 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.99% p.a.)
Purchase rate (p.a.)19.99% p.a.
Offer end date31 January 2017
Annual fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Minimum Monthly Repayment2.5% of the closing balance or $50, whichever is greater
Minimum Income$20,000
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$20,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Minimum Repayment2.5% of the closing balance or $50, whichever is greater
Late Payment Fee$35
Over Limit Fee$30
Cash Advance Fee$5 or 3% of the value of the transaction, whichever is the greater
Overseas Emergency Replacement$0
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$9 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes

Pros

  • Receive a $50 eGift Card when you apply by 31 January 2017 and make an eligible purchase by 28 February 2017.
  • Enjoy a waived annual fee for the first year.
  • This card comes with a 0% p.a. for 14 months balance transfer offer.
  • You'll also receive cash back in the form of Woolworths Money Shopping Cards.
  • Get 10% off on your first Woolworths shop on a selected weekend per month.
  • This card can be linked to the other Woolworths rewards cards.
  • Dine Play Stay allows you to enjoy discounts at thousands of restaurants, hotels and attractions across Australia and NZ. You can save up to 20% off your total bill, up to a maximum deduction of $25 at over 2,000 participating restaurants.
  • This card provides automatic room upgrade and allows late checkout at Visa Luxury hotels.

Cons

  • Rewards are automatically redeemed in four-month intervals. This gives the cardholder minimal control over the frequency of redeeming rewards and may restrict people from using the voucher when it's convenient for them.
  • The promotional balance transfer offer reverts to the standard cash advance rate of 21.99% p.a. at the end of the introductory period. This means that if you're unable to pay your balance by the end of the promotional period, you'll begin accruing interest on the balance and could lose the savings made initially.
Rewards ProgramEveryday Money Reward Points
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Woolworths Money Everyday Platinum Credit Card review

The Money Everyday Platinum Credit Card provides platinum card benefits and can reward you with up to 3 points for every dollar spent. You can accumulate your points in many retail outlets and shops around Australia, plus earn bonus points when you shop at Woolworths and BWS. Points never expire and there's no cap, so you can accumulate as many points as your purchases attract. You can get an additional card at no extra charge and choose from two different card colours, which include silver or orange.

Benefits of the Woolworths Money Everyday Platinum Credit Card

  • Visa Luxury hotel collection access. This provides an automatic room upgrade and late check-out, complimentary continental breakfast, free in-room internet daily and a $25 food and beverage voucher.
  • Purchase security and wallet guard. Your Woolworths Platinum Credit Card comes with complimentary purchase security and wallet guard for peace of mind.
  • 24/7 platinum concierge service. The platinum concierge is at your service at the click of a mouse or a phone call, anytime in the world to help your lifestyle with services such as bookings and restaurant recommendations.
  • Balance transfer offer. Receive 0% p.a. for 14 months on balance transfers if you apply by 31 January 2017.
  • $50 Woolworths eGift Card. The $50 eGift Card can be earned by new primary Woolworths Money Platinum credit cardholders who apply by 31 January 2017 and make an eligible purchase by 28 February 2017.
  • Rewards. Earn 3 points for every dollar spent when buying selected products at Woolworths Supermarkets, and BWS. Earn 2 points for every dollar spent on items you buy at Woolworths Supermarkets, BWS, Caltex and Woolworths co-branded fuel outlets, Dan Murphy’s, and more. For all other eligible purchases, earn 1 point for every dollar you spend. You get a Money Everyday Shopping Card every four months, or annually if you choose, which you can redeem at participating Woolworths group stores. Plus, Woolworths Rewards don't expire so long as your account remains open.
  • Interest-free period. You can take advantage of up to 55 days of interest-free purchases if you pay your balance in full by each due date. This closing balance includes any balance transfer amount or other promotion-related balances. Remember that this interest-free period applies only to purchases, and not on balance transfers and cash advances.
  • Cash back as Woolworths Shopping Cards. Every time you use your card to make an eligible purchase, you'll earn Credit Card points towards a Woolworths Money Shopping Card to redeem in-store at Woolworths supermarkets and its partners (such as Big W, BWS and Dan Murphy's). When you earn 4,000 points, you'll receive a $20 Shopping Card every 4 months. You'll collect 2 points for every $1 spent on purchases at Woolworths Supermarkets and partnered stores and 1 point per $1 spent on all other eligible transactions.
  • Discounts & extras. Receive the following discounts and extras with your Woolworths Money Everyday Platinum Credit Card:
    • 10% off your monthly shop. You'll receive 10% off your first in-store shop at Woolworths on a selected weekend each month when you scan the barcode on the back of your credit card and pay with your Woolworths Money Everyday Platinum Credit Card. This applies to a maximum purchase amount of $500 and excludes Tasmania stores.
    • Woolworths Online. Save $10 every time you spend $100 or more at Woolworths Online.
    • Cellarmasters. Receive 50% off selected wine cases at Cellarmasters.
    • Woolworths Money. Provides discounts of up to 10% off Woolworths Insurance including car, home, pet and travel insurance (excluding life insurance).
    • Dine Play Stay. Allows you to enjoy discounts at thousands of restaurants, hotels and attractions across Australia and NZ. You can save up to 20% off your total bill and a maximum deduction of $25 at over 2,000 participating restaurants.
    • Wine Market. Receive great deals such as 14 bottles of wine worth over $200 for $79 plus free delivery.
    • Thomas Dux. Discount of 5% off one weekend per month at Thomas Dux stores.
    • Hoyts Kiosk. Reduced movie tickets with 15% off movie and TV rentals at Hoyts Kiosks Australia Wide.
  • Globally accepted. Since this is a Visa card, you can use it at over 30 million locations worldwide, and this includes access via ATMs and EFTPOS. Its PayWave technology enables quicker checkouts at merchants who support this technology.

Features of the Woolworths Money Everyday Platinum Credit Card

  • Annual fee. Pay $0 for the first year and $49 every subsequent year.
  • Purchase rate. The purchase rate for this platinum card is 19.99% p.a.
  • Cash advance rate. The cash advance rate for this platinum card is 21.99% p.a.
  • Woolworths Online Shopping. Get groceries delivered directly to your door. Receive $10 off your order when you spend $100 or more in a single transaction, enter the coupon code and pay with your Woolworths Money credit card (subject to Woolworths eligible delivery areas and available delivery windows).
  • Woolworths eGift Card. Any Woolworths Money Everyday Platinum credit cardholders who apply by 31 January 2017 and make purchases by 28 February 2017 will be eligible to earn $50 Woolworths eGift Card, which will be credited to their respective Woolworths Rewards accounts linked to the Woolworths Money Everyday Platinum Credit Card 8 weeks after the eligible purchase has been made.
  • Dine Play Stay. Provides discounts at thousands of restaurants, hotels and attractions across Australia and NZ. This benefit allows you to save up to 20% off your total bill, up to a maximum deduction of $25 at over 2,000 participating restaurants.
  • Visa PayWave. Allows you to wave and go for purchases under $100 for quicker transactions and saving time
  • Late payment. Reminder fee of $35 applies for late payments.

How to apply for the Woolworths Money Everyday Platinum Credit Card

You can apply for the Woolworths Money Everyday Platinum Credit Card by completing the online application. Alternatively, you can call Woolworths customer service and get them to mail you an application. In either case, you have to meet certain eligibility criteria, which include the following:

Eligibility criteria

  • You must be over 18 years old.
  • Your annual gross earnings before tax should be at least $20,000.
  • A good credit history is necessary.
  • Only Australian residents may apply.

Required documents

  • Proof of income which can come in the form of recent payslips or a letter from your employer within the last 30 days
  • Documents to prove your identity, which should satisfy a 100 point identification check

If you shop at outlets associated with Woolworths, you might want to consider the benefits of a Woolworths Money Everyday Platinum Credit Card, but make sure you compare it with others before you make your decision.

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290 Responses to Woolworths Money Everyday Platinum Credit Card – Rates and Fees

  1. Default Gravatar
    julie | December 6, 2016

    Can this be used anywhere ?

    • Staff
      Harold | December 6, 2016

      Hello Julie,

      Thank you for your inquiry.

      his is a Visa card, you can use it at over 30 million locations worldwide, and this includes access via ATMs and EFTPOS. Its PayWave technology enables quicker checkouts at merchants who support this technology. Should you need other options for visa card please click this page.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    kwok | November 6, 2016

    Could I link up the reward points to any frequent fly reward program?

    • Staff
      Jason | November 6, 2016

      Hi Kwok,

      Thank you for your inquiry.

      The Woolworths Rewards Points of the Woolworths Money Everyday Platinum Credit Card can only be redeemed for Qantas frequent flyer points. They don’t seem to have partnership with the other frequent flyer programs.
      Please check out this link for more information on Woolworths Reward program.

      Cheers,
      Jason

  3. Default Gravatar
    | October 23, 2016

    Can you convert points to Qantas with this card?

    • Staff
      Jason | October 26, 2016

      Hi Judi.

      Thank you for your inquiry.

      You can convert your Woolworths Everyday Platinum credit card points to Qantas points. However, please note that you cannot earn Qantas points with this card.
      The Woolworths credit card that allows you to earn Qantas points is Woolworths Money Qantas Platinum Credit Card. Please check out more details about this card here.

      Cheers,
      Jason

  4. Default Gravatar
    lauren | October 11, 2016

    can u use it to purchase goods like a phone from harvey norman or jb hifi things like that?

    • Staff
      Anndy | October 26, 2016

      Hi Lauren,

      Thanks for your question.

      The Woolworths Money Everyday Platinum Credit Card is a Visa card and can be used at over 30 million locations worldwide. So yes, you can use this card to buy things at a local store or online.

      Cheers,
      Anndy

  5. Default Gravatar
    | October 8, 2016

    On age pension, want transfer to your card but only getting 17 to 18 k a year have always had good credit rating would this be enough?

    • Default Gravatar
      Kerry | October 13, 2016

      1. If I do a balance transfer of $14,000 (for example), what is the minimum repayment I need to make to avoid paying any interest?, assuming I am not purchasing anything with the card each month?

      2. If I do a balance transfer of $14,000 and then spend $1,000 every month using the Platinum credit card, what is the minimum I need to repay every month to avoid paying any interest?

    • Staff
      Anndy | November 1, 2016

      Hi Kerry,

      Thanks for your question.

      With Woolworths Money Everyday Platinum Credit Card, you are required to make a minimum monthly repayment of 2.5% of your outstanding balance or $50, whichever is greater. So if you made a balance transfer of $14,000, your first minimum monthly repayment for that will be about $350. This will be reduced or increased in the succeeding months depending on your repayment and future purchases.

      Cheers,
      Anndy

    • Staff
      May | October 11, 2016

      Hi Barry,

      Thanks for your question.

      Woolworths actually accepts pensioner applicants, so you’ll need to provide your most recent Centrelink statement. It’s also best to contact Woolworths directly on 1300 10 1234 to discuss your chances of approval before you submit your final application. This way, you will also be able to avoid enquiries on your credit file.

      Hope this helps.

      Cheers,
      May

  6. Default Gravatar
    Robyn | August 29, 2016

    Can I earn Qantas FF points with this card??

    • Staff
      May | August 29, 2016

      Hi Robyn,

      Thank you for your question.

      No, this Woolworths Money Everyday Platinum Credit Card lets you get a cash back in the form of Woolworths Money Shopping Cards instead wherein for every $1 you spend on eligible purchases you could earn up to 3 points.You can read more about Woolworths Rewards program and how it works on this page.

      Meanwhile, the Woolworths credit card that allows you to earn Qantas points is Woolworths Money Qantas Platinum Credit Card. Please find more details about this card here.

      Hope this helps.

      Cheers,
      May

  7. Default Gravatar
    Nicole | August 7, 2016

    Hi,

    1. What is the fee that is charged, per transaction and ATM Withdrawal if I was to use the Woolworths Money Everyday Platinum Credit Card overseas?
    2. What banks or company is the Woolworths card affiliated with if I was to do ATM withdrawals over seas?

    • Staff
      May | August 7, 2016

      Hi Nicole,

      Thanks for your question.

      Here are the answers to your questions:

      1. If you’re going to use your Woolworths Money Everyday Platinum Credit Card overseas, you’ll be charged:

      a. Foreign Currency Conversion fee – 3% of the value of each foreign currency transaction
      b. Cash Advance Fee – Higher of 3% or $5 per cash advance
      c. Cash advance interest rate of 21.99% p.a.
      d. Third party ATM withdrawal fee

      2. Woolworths credit cards are affiliated with and issued by Macquarie Bank Limited, which has a strong presence in New Zealand, Asia, the Americas, and Europe.

      Hope this has answered your questions.

      Cheers,
      May

  8. Default Gravatar
    Michelle | August 7, 2016

    If a minimum of 1 point is earned on each dollar spent using a Woolworths Money Everyday Platinum Credit Card, what does 10,000 points convert to in Woolworths Dollars?

    • Staff
      May | August 7, 2016

      Hi Michelle,

      Thanks for your question.

      Woolworths Rewards program is attached to your Woolworths Money Everyday Platinum Credit Card. You can get a cash back in the form of Woolworths Money Shopping Cards wherein for every $1 you spend on eligible purchases you could earn up to 3 points. Every 4 months with enough points, points are converted to a Shopping Card that you can use across participating Woolworths group stores.

      This is how the Woolworths Dollars work:
      Woolworths Dollars are the currency of the new Woolworths Rewards program. Each Woolworth Dollar is worth AUD$1 off a future spend.

      When you’ve accumulated 10 Woolworth Dollars, you automatically get $10 off your next transaction at participating stores by scanning your card. There is no limit to the amount of Woolworth Dollars redeemable each time, but you can only redeem them in multiples of 10, and the system automatically redeems them for you whenever you reach $10 Woolworth Dollars.

      I hope this has answered your question.

      Cheers,
      May

  9. Default Gravatar
    Teoman | August 3, 2016

    Can i have credit card application form

    • Staff
      Chester | August 3, 2016

      Hello Teoman,

      Thanks for your question,

      When applying online for the Woolworths Money Everyday Platinum Credit Card, you can find the application form on the Woolworths website. Alternatively, you can also call Woolworths customer service and get them to mail you an application.

      I hope this has helped.

      Cheers!
      Chester.

  10. Default Gravatar
    Pat | July 17, 2016

    How do I close a deceased relatives Woolworths Money credit card?

    • Staff
      May | July 19, 2016

      Hi Pat,

      Thanks for your question.

      You will have to contact Woolworths customer service team on via email or live chat – they will take care of the account cancellation for you. Alternatively, you call Woolworths on 1300 10 1234, then Option 1.

      Hope this helps.

      Cheers,
      May

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