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Our verdict

This card offers 0% interest on balance transfers for 18 months, with a 1% balance transfer fee.

Available exclusively through Finder, this introductory offer on the Kogan Money Credit Card gives you a way to pay off existing debt interest-free for up to 18 months, with a one-time 1% balance transfer fee. Unlike with some credit cards, this offer lets you transfer debt from personal loans and lines of credit, as well as store and credit cards from other Australian financial institutions. But the 21.74% p.a. interest rate that applies after the first 18 months is at the high end of the scale. So you’ll typically get the most value out of this offer if you can pay off your balance transfer during the 0% interest period.

If you’re more interested in spending right now, the Kogan Money Credit Card also has an ongoing $0 annual fee and a rewards program that earns you up to 2 points per $1 on everyday, eligible spending. You can redeem the points for savings on Kogan.com, with 1,000 points worth $10 through the Pay with Points option. Just keep in mind that you won’t get interest-free days on new purchases if you have a balance transfer – and the 20.99% p.a. variable purchase rate is at the higher end of the scale for credit cards in Australia.

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

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 August 2023. 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.

Details

Product details

Product Name	Kogan Money Card – Balance Transfer Offer
Rewards program	Kogan Rewards Program
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%
Annual fee	$0
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$6,000
Card type	Visa
Foreign currency conversion fee	3.4%

Eligibility

Available to temporary residents

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

How to apply

You can apply for the Kogan Money Credit Card online in around 15 minutes as long as you meet the eligibility requirements and have the following information.

Eligibility criteria

Apply through Finder. To get the 0% balance transfer offer, you need to apply through Finder before 31 August 2023.
Income. You must earn at least $35,000 per year.

Residency. This card is only available to citizens and permanent residents of Australia.
Eligible balance transfer debt. If you are transferring a balance, you can request to transfer from $500 up to 80% of your available credit limit from credit cards, store cards, personal loans and lines of credit issued in Australia.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. Including your full name, contact details (including an Australian mobile number and valid email address), number of financial dependents.
Proof of identification. You'll be required to provide at least one form of ID including an Australian passport or driver's licence.
Income. Confirm your employment status and total annual salary.
Finances. This includes your expenses, liabilities and assets.
Balance transfer details. If you're transferring a balance to this card, you'll need to confirm how much you're requesting to transfer and provide details of the existing account(s) you're moving it from.

Go to Kogan Money's site More info

Card benefits

0% balance transfer. Apply through Finder by 31 August 2023 and you'll get 0% p.a. interest on balance transfers for 18 months, with a one-time 1% balance transfer fee. You must request your balance transfer within 90 days of approval with this offer. At the end of the introductory period, any remaining charges will attract the cash advance rate, currently 21.74% p.a.
No annual fee. The Kogan Money Credit Card has an ongoing $0 annual fee.

Rewards. You'll earn 2 rewards points per $1 on eligible spending at Kogan.com and 1 reward point per $1 spent on all other eligible transactions. You can use your points to pay at Kogan.com, with 1,000 points worth $10 credit. Or, use points for payments to your Kogan Money Credit Card.
Complimentary Kogan First membership. You'll save with a complimentary Kogan First Membership. Perks include exclusive member deals, free delivery on thousands of eligible products, upgrades to express shipping and priority customer service.
Additional cardholders. You can request up to 4 additional cardholders at no extra cost.
Mobile wallets. You can add the Kogan Money Credit Card to Apple Pay and Google Pay, giving you a way to make secure payments straight from your mobile phone (or other devices).

Rates and fees

Purchase rate. This card charges a 20.99% p.a. variable purchase interest rate.
Cash advances. If you use your card to make a cash advance, such as an ATM withdrawal, you'll be charged the cash advance rate of 21.74% p.a. and a cash advance fee of $5 or 3.5% of transaction value, whichever is higher.

Interest-free days. When you pay your previous balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer.
Foreign transaction fee. If you use your card to shop overseas or online with an international retailer, you'll be charged a foreign transaction fee of 3.4%.
Minimum credit limit. You can request a credit limit from $6,000.

Go to Kogan Money's site More info

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Amy Finder

July 29, 2023

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Eddie

July 15, 2023

can i transfer from a kogan credit card into the kogan balance transfer card ?

Elizabeth Barry Finder

July 27, 2023

Hi Eddie,

Balance transfers can only be from other banks and financial institutions.

I hope this helped,

Elizabeth

Kogan Money Credit Card – Balance Transfer Offer