Kogan Money - Black Credit Card
The Kogan Money Black Credit Card has an introductory offer of 0% interest on balance transfers for the first 6 months, reverting to 22.74% p.a. interest thereafter.
The points earn rate is 1 reward point per dollar spent outside of Kogan and 2 points per dollar spent with Kogan. Up to 4 additional cardholders can be added for $0. This credit card has a possible 44 days interest-free on purchases and a minimum credit limit of $6,000.
A $0 annual fee and an interest rate of 21.99% p.a. on retail purchases. Earn up to $300 Kogan credit within 90 days of card approval.
Annual Fee
$0 per year
Balance Transfer
0% for 6 months reverts to 22.74% p.a.
0% BT fee applies.
0% BT fee applies.
Additional Card Holder Fee
$0
Details
Card Type
Visa
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$6,000
Maximum Credit Limit
$30,000
Fees
Annual Fee
$0
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $5
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
21.99% p.a.
Cash Advance Rate
22.74% p.a.
Balance Transfer
Balance Transfer
0% for 6 months
reverts to 22.74% p.a.
0% BT fee applies.
0% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
0%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Minimum Income
$35,000
per year
Temporary Residents
No
Rewards
Program
Kogan Rewards
Types
Cashback
Cashback
$300
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On eligible spend almost anywhere
Rewards Rate Two
2 point(s) per AUD$1
On eligible purchases at Kogan.com
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who:
- are seeking a line of credit facility for everyday spending to earn Reward Points and make use of additional benefits
- are a Kogan.com account holder or intend to be a Kogan.com account holder
- meet eligibility criteria and serviceability requirements for the Product
- are unlikely to hold substantial balances for prolonged periods except to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Kogan Money to view Target Market Determination Effective From: 2024-11-01.
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