Kogan Money Black Credit Card – Purchase Rate Offer

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

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Kogan Money Black Credit Card - Purchase Rate Offer

The Kogan Money Black Card - Purchase Rate Offer gives users the opportunity to earn rewards while benefiting from a low purchase rate of 9.99% p.a. for the first 9 months. There’s no annual fee for the primary cardholder, and up to four additional cardholders can be added at no extra cost. With uncapped points earning and complimentary Kogan First membership, which includes free and upgraded shipping, exclusive deals, and priority customer service, this card offers great value for Kogan.com shoppers.

Key Features:

• Low Purchase Rate: 9.99% p.a. on purchases for the first 9 months
• Earn up to 2 rewards points per $1 on eligible purchases at Kogan.com
• Earn 1 rewards point per $1 on eligible spending elsewhere
• Uncapped points earning
• Up to 4 additional cardholders at no extra cost
• Complimentary Kogan First membership (saving you $99/year)
• Access to BNPL at Kogan.com
• Annual Fee: $0
• Additional Cardholder Annual Fee: $0
• Purchase Rate: 21.99% p.a. (after the introductory 9 months)
• Cash Advance Rate: 22.74% p.a. (variable)
• Interest-Free Period on Purchases: Up to 44 days

This Card: The Lowdown

The Kogan Money Black Card - Purchase Rate Offer is a solid offering from Kogan, providing rewards on purchases while charging a very low interest rate of 9.99% p.a. for the first 9 months. After that, the purchase rate reverts to 21.99% p.a. With no annual fee and additional cardholders at no extra cost, this card is perfect for those looking to save on interest while earning rewards.

This Card: As a Rewards Card

The Kogan Money Black Card - Purchase Rate Offer is a rewards card that allows you to earn points on eligible purchases.

Earning Points

• 2 rewards points per $1 spent on Kogan exclusive brand purchases
• 1 rewards point per $1 spent on Kogan.com non-exclusive brands and elsewhere

Despite having no annual fee, this card offers uncapped points earning, meaning you can accumulate as many points as your spending allows.

Redeeming Points

Points can be redeemed at a rate of 1 cent per point, meaning if you spend $500 on eligible purchases, you’ll earn 500 points, equaling $5 towards your next Kogan.com purchase.

To redeem, register your Kogan Money Black Card in your Kogan.com account and activate the "Shop with Points" feature.

This Card: Extras on Offer

While not a prestige card, the Kogan Money Black Card offers valuable extras. As a cardholder, you will receive complimentary Kogan First membership, which provides free and upgraded shipping, as well as priority customer service and exclusive deals.

Interest-Free Period on Purchases

By clearing your balance each month, you can enjoy up to 44 days interest-free on purchases. However, once the 9-month introductory period is over, the purchase interest rate reverts to the standard 21.99% p.a. rate.

Account Management

The Kogan Money app and online platform make it easy to manage your account, track your spending, and make payments. You can also set up alerts, view transaction history, and activate your card online.

Visa Features:

The card is issued by Visa, providing all standard Visa features, including Visa payWave for tap-and-go payments, fraud protection, and Visa Zero Liability.

This Card: The Essentials

To apply for the Kogan Money Black Card, you need to be an Australian permanent resident aged 18 or over, with a valid email address, mobile number, and an income of over $35,000 per year.

With no annual fee and a low 9.99% p.a. interest rate for the first 9 months, the Kogan Money Black Card is a great choice for those who want to earn rewards while keeping interest costs low. Just remember, after the first 9 months, the purchase rate will increase to 21.99% p.a.

Decision Time

The Kogan Money Black Card offers rewards with no annual fee, making it a good option for Kogan.com shoppers. It’s also great for those who want to take advantage of the 9.99% p.a. introductory rate on purchases for the first 9 months. After the promotional period, the rate reverts to the higher standard purchase rate, so it’s best to clear your balance during the low-interest period to save on interest costs.