Kogan Money Black Credit Card
4.4
Highlights
- Receive $400 Kogan.com Credit upon spending $3,000 on qualifying purchases within 90 days from card approval.
- Enjoy no annual fees.
- Benefit from 0% p.a. for 6 months on balance transfers with a 0% balance transfer fee. Reverts to cash advance rate of 22.74% p.a.s.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
No
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$35,000.00
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$6,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase Date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
0%
Balance Transfer Period
6 months
Balance Transfer Fee Percentage
0%
Balance transfer conditions
Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
21.74%
Rates, fees, charges
Cash advances
Cash Advance Rate
22.74% p.a.
Cash Advance Fee
$5.00
Cash Advance Fee Percentage
3.5%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
21.99% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
Dishonour Fee
$15.00
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3.4%
Late Payment Fee
$30.00
Rewards
Rewards program basics
Rewards Program
Kogan Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
12 months
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
1
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
1
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can add up to 4 additional cardholders free of charge to your account. The account holder will be responsible for managing the account and repayments.
- Digital wallets. Compatible with Apple Pay. Unfortunately, the Kogan Money Black Credit Card cannot be used with Google Pay or Samsung Pay.
- Gambling transactions. Cannot be used to fund gambling-related transactions.
Rewards and benefits
- Complimentary travel insurance. The Kogan Money Black Card does not provide complimentary international travel insurance.
- Concierge services. The Kogan Money Black Card does not come with a concierge service.
- Insurances. This card does not provide any insurance for the cardholder.
- Rewards points. The Kogan Money Black Card allows you to earn uncapped rewards at the rate of 2 points per $1 spent on eligible purchases, both locally and overseas. Points can be redeemed through the Kogan Rewards program. Balance transfers and cash advances are not eligible transactions for earning points.
- Sign up bonus. Get $400 in Kogan.com credit as sign up bonus when you spend $3,000 in the first 90 days from approval. These can be spent on Kogan.com or elsewhere.
Rates and fees
- Annual fee. Enjoy a $0 ongoing annual fee.
- Balance transfers. The Kogan Money Black Card offers a 0% p.a. balance transfer for 6 months with no balance transfer fee. After the promotional period ends, the revert rate is 22.74% p.a.
- Cash advances. Cash advances are charged interest at a rate of 22.74% p.a., which will begin to accrue immediately from the day of the transaction. In addition to interest, there is a one-off fee of the higher of $5 or 3.5% of the amount advanced for cash advances on this card.
- Foreign exchange fee. Purchases made online or overseas in a foreign currency will incur a 3.4% fee.
- Interest-free period. Kogan Money Black Card provides up to 55 days interest-free on purchases when you have paid your previous balance in full or made the minimum required payment.
- Purchases. There’s no introductory purchase rate currently, with all purchases charged at 21.99% p.a
Reviewed by Credit Card Compare Staff
History
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