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Kogan Money Black Credit Card, $500 Kogan Credit with $500 Spend in 30 Days

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Kogan Money Black Credit Card, $500 Kogan Credit with $500 Spend in 30 Days
Go to Deal
[Deactivated] on 29/11/2019 - 08:29 koganmoney.com.au (8236 clicks)
Last edited 20/01/2020 - 15:41 by 3 other users

Special Black Friday Deal

No annual fees
That’s right, $0 annual fees on this card.

Earn $500 Kogan.com Credit
Bonus launch offer – spend $500 in the first 30 days from approval on eligible purchases and you’ll receive $500 in Kogan.com Credit.

Uncapped rewards points
Earn up to 2 rewards points per dollar on your eligible purchases at Kogan.com and 1 rewards point per dollar on your eligible everyday spend, uncapped.

Complimentary Kogan Membership
Get complimentary Kogan First Membership, currently valued at $99 per year.

0% p.a. for 12 months on balance transfers
No interest free days apply while you have a balance transfer. Reverts to cash advance rate.

Up to 4 additional cardholders at no cost
All eligible spend by additional cardholders contributes to your rewards!

Visa payWave
Simply wave and go.

FRAUDSHIELD® and Visa Zero Liability
Security and fraud protection with FRAUDSHIELD® and Visa Zero Liability.

Eligibility
Earn more than $35,000 a year.
Be 18 years or older and a permanent Australian resident.
Have a valid email address and mobile number.

Financial Credit Card Kogan Kogan Money Membership Store Credit VISA

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closed Comments

  • Zaros on 29/11/2019 - 10:40

    Will they honour the new $500 offer for people who already signed up for this credit card a week or so ago for the $300 credit?

    • deanylev on 29/11/2019 - 11:15
      +3

      Nope just checked :/

    • serpserpserp on 29/11/2019 - 13:03
      +1

      Why would they do that? This is a special black Friday promotion.

      • Danstar on 29/11/2019 - 14:38

        To get more customers?

        • mskeggs on 29/11/2019 - 22:15
          +3

          Giving an extra $200 to somebody who already signed up isn't the best way to get more customers.

          • Danstar on 29/11/2019 - 22:21

            @mskeggs: I’m referring to the reason why they increased their offer

  • Darkii on 29/11/2019 - 10:40
    +1

    Much better deal than the $300 I signed up for

    • deanylev on 29/11/2019 - 11:01
      +1

      Yeah I'm pretty mad

      • avendr on 29/11/2019 - 13:49

        I have written to them as well. Too bad.

  • b-radicool on 29/11/2019 - 10:45

    Got rejected when I applied, when I thought I would be a shoe-in… they didn't give a reason.

    Is there any way I can check why I was rejected?

    • ro0sta on 29/11/2019 - 11:17
      +2

      No. They don't disclose and dont have to. They will instead refer you to a copy of your credit file only - even if there's nothign wrong with it,

    • dcep on 29/11/2019 - 11:21

      do you have citibank backed card in last 6-12 months

      • [Deactivated] on 29/11/2019 - 11:28

        The eligibility criteria do not mentioned than your application will be rejected if you holds a Citi CC during the past 12 months…

        • dcep on 29/11/2019 - 11:31
          +2

          if you follow Ozb CC deals, you'll know how Citi operates

          kogan don't approve your CC

          it's Citi that examines your approval

          • spa on 29/11/2019 - 11:32

            @dcep: what exactly is the restriction? as in if you already hold a citi cc? or if you did?

            • [Deactivated] on 29/11/2019 - 11:37

              @spa: Thanks mate, you just save me from another rejection and an unwanted credit enquiry on my file. I held a Qantas CC card which i believe is from CITI bank as well.

              • spa on 29/11/2019 - 11:41

                @[Deactivated]: i have a citi backed card for several years now and applied for citi signature only a few months back and got approved.
                but phunkydude's comment has made me think maybe i shouldn't apply for this.

      • b-radicool on 29/11/2019 - 13:49

        I think we may have had one in the past…. no issues with it though, and it was more than 12 months ago.

        We only used it when travelling overseas. Surely it wouldn't be because of this?

  • Black Hole on 29/11/2019 - 11:01

    I don't trust Kogan credit card because of their poor credibility.

  • Hinee on 29/11/2019 - 11:03

    I see absolutely no reason as to why I shouldn't do this.

  • peterash on 29/11/2019 - 11:03
    +1

    Same, don't know why. Never been denied credit before

    • Stebbo on 29/11/2019 - 23:17

      Got knocked back too WTF. Got a decent salary. 1 credit card do have 2 mortgagges bug earn almost $100k a year. I don't get it?

      • Danstar on 29/11/2019 - 23:57

        I’d assumed it’s the 2 mortgages

        Or what are people getting denied putting as their spends on food, bills, etc. ?

      • DerpFactory on 30/11/2019 - 21:45

        I got denied for the citi reward card but accepted for this one.
        I reckon it's cos I now have 3 CC's with $6k limits so now citi thinks they can make some money off me.

  • taffy711 on 29/11/2019 - 11:37
    +2

    Already have the Coles card which is backed by Citi and Citi are notorious for credit card rejections so would be interested to hear how people fare who apply for this already having another Citi card.

    • BloodyOath on 02/12/2019 - 13:06
      +2

      I just got declined. $100k+ salary, total $16k credit card limit on 2 other cards, including $4k on Coles no annual fee. Held a Coles card for several years but always paid off full balance with direct debit and only used it sporadically in last couple of years. First time ever declined for credit. Clearly Citi see no value in me as a customer. Will be ditching the Coles card in protest.

    • taffy711 on 29/11/2019 - 12:04
      +18

      Not sure if this is a joke but it's terrible advice, the real advice should be no credit card debt. Paying on a points earning credit card as opposed to a debit card is free money assuming you pay your bill in full each month.

        • taffy711 on 29/11/2019 - 12:18
          +11

          It is terrible advice. If you're paying off your credit card every month (as everyone here should) it's not costing you anything other than the annual fee, which is always far outweighed by reward points/free flights etc. Or just get a zero annual fee card.

          And that explanation is laughable- even if the points are getting devalued it's still free money, just slightly less of it! It makes no sense. It's like saying "I'm only getting 1% off every purchase, this is terrible, I need to be getting 0% off!".

            • taffy711 on 29/11/2019 - 12:35
              +8

              @Andard: I love how you're posting in a thread that literally proves your point wrong…

            • Splashtash on 30/11/2019 - 22:20
              +1

              @Andard: For the average person the banks gain but people like us get free money because we dont pay late fees, pay on time and get bonuses.

        • padman on 29/11/2019 - 12:21
          +9

          Here's me: No $500 for you then!

          • Andard on 29/11/2019 - 12:29
            -7

            @padman: have fun spending $500 with kogan (customer service retailer of the year!!!11) to be eligible.

            • taffy711 on 29/11/2019 - 12:37
              +5

              @Andard: This is also incorrect, you don't need to spend $500 with Kogan to be eligible, it's $500 spend anywhere. Please stop spreading misinformation.

              • Andard on 29/11/2019 - 13:02

                @taffy711: You're right I misread it.

                Still the terrible advice here is: borrow from the bank for purchases with your CC, you might make some measly points to spend in the kogan store unless you don't pay it off every month (which most CC holders don't) and pay the interest which cancels any reward you might have made

                As apposed to:

                Make purchases with the money you earned and saved. Keep a stash of money saved for emergencies. Most online stores give reward points for shopping anyways.

                • serpserpserp on 29/11/2019 - 13:05
                  -1

                  @Andard:

                  Most online stores give reward points for shopping anyways.

                  They do? I would say that hardly any online retailers give you rewards points.

                  • Andard on 29/11/2019 - 13:11
                    +1

                    @serpserpserp: Well Kogan does:

                    By shopping with us, you can earn reward points for the following:

                    Qantas Frequent Flyer
                    Velocity Frequent Flyer

                • taffy711 on 29/11/2019 - 13:57
                  +2

                  @Andard: I mean of course if you don't pay your credit card off each month you'll lose money, that's a moot point. No-one here should be doing that. My original comment was "the real advice should be no credit card debt".

                  Putting purchases on a credit card doesn't have anything to do with stashing money away, you're spending the exact same amount of money. If anything putting purchases on a credit card allows you to keep your money in your account for a little longer earning interest before paying off the bill. And you can generally earn any in-store reward points (I'm not familiar with many online stores offering this) as well as the credit card rewards.

                  • Andard on 29/11/2019 - 14:06
                    -4

                    @taffy711: which advice is more terrible:

                    Buy a house in a high murder rate neighborhood. If you stick to these strict guidelines for going out nothing bad will happen to you, and you might find some coins on the pavement.

                    Don't buy a house in a high murder rate neighborhood.

                    • taffy711 on 29/11/2019 - 14:10

                      @Andard: You've resorted to completely ridiculous analogies to justify an objectively wrong statement whilst ignoring all my points, there's obviously no point discussing this but hopefully others reading this thread can decide for themselves.

                      • Andard on 29/11/2019 - 14:34

                        @taffy711:

                        but hopefully others reading this thread can decide for themselves.

                        That would be easier to get both points if you and your brigade of credit card evangelists didn't downvote my posts to oblivion.

                        You've resorted to completely ridiculous analogies to justify an objectively wrong statement whilst ignoring all my points

                        You probably didn't understand the analogy. That's ok.

                        The coins you find on the pavement is the ridiculously measly "rewards" you keep banging on about.

                        But you just pay it off every month!!!! Easy advice!!

                        "ASIC found consumers were charged about $1.5 billion in fees in that same financial year — that includes annual fees, late payment fees and other amounts for credit card use."
                        (https://www.abc.net.au/news/2019-09-11/how-to-get-out-of-cre…)

                        "Just pay it off every month!!!" - this advice clearly isn't working.

                        If anything putting purchases on a credit card allows you to keep your money in your account for a little longer earning interest before paying off the bill.

                        What kind of bill amounts are making you interest sitting in your account for less than a month??? This is an absolute joke of a point.

                        (I'm not familiar with many online stores offering this)

                        There are many mate.

                        there's obviously no point discussing this

                        I'll take that will be your last post. Bye.

                        • taffy711 on 29/11/2019 - 14:51

                          @Andard: Your analogy is ridiculous because in it you have no control over the situation, so you should avoid the unnecessary risk. In this credit card situation you have 100% control. All you do is pay off your bill every month and there is no downside. It really is that easy, I'm not sure what's so hard about it for you to grasp. It doesn't matter what other people do.

                          There's no brigade, you've just been spouting absolute nonsense in a needlessly aggressive way and getting downvoted accordingly.

                          • Andard on 29/11/2019 - 15:01

                            @taffy711:

                            It doesn't matter what other people do.

                            It really does. People need to see that Banks aren't giving away free shit like you're saying they are. There's a reason there's 1.5 billion in credit card debt. Everyone was given your advice "just pay it off monthly and you'll be fine" when they signed up. People need to see what others are doing and learn that CC's are a trap. You're really the one giving terrible advice.

                            Please point out something I've said that's aggressive.

                            • taffy711 on 29/11/2019 - 15:09

                              @Andard: So your point is now that people shouldn't enjoy the benefits of credits cards because other people don't pay their bills? It just makes no sense.

                              We seem to agree that no-one should have credit card debt but your solution is to say that no-one should have credit cards and my solution is to say that you should just pay off your bills and enjoy the rewards. If you're going to be so financially irresponsible that you can't do that then you're going to have a huge amount of problems and credit card debt is just one of them (not to mention that those people are very unlikely to be on this site). I don't see why anyone should deprive themselves of very tangible benefits (in this case $500) just because other people can't control themselves financially.

                              You're right that "needlessly aggressive" wasn't the right description but things like "You probably didn't understand the analogy. That's ok." is incredibly patronising. I didn't go for the cheap shot with things like "As apposed to".

                              • Andard on 29/11/2019 - 15:41
                                -1

                                @taffy711:

                                I didn't go for the cheap shot with things like "As apposed to".

                                Lol yet you did! Also your posts are full of patronising language mate. If you cant take it don't dish it out.

                                So your point is now that people shouldn't enjoy the benefits of credits cards because other people don't pay their bills? It just makes no sense.

                                "Benefits".

                                "Benefits".

                                Dude you really don't get it. There's this hook to get $500 of Kogan store credit (Kogan have been investigated by ACCC for dodgy practices but yeah enjoy the Benefit) and then statistically you're likely to join the 1.5 billion dollar credit card debt pool: "More than one in six Australians — around 1.9 million people — are struggling to repay their debt"
                                (https://www.abc.net.au/news/2018-07-04/1-in-6-credit-card-us…)

                                1 in 6 Australians.

                                not to mention that those people are very unlikely to be on this site

                                Really.

                                • Danstar on 29/11/2019 - 15:58
                                  +5

                                  @Andard: Coles mastercard recently deposited my $500 in flybuys dollars.

                                  I call that a benefit

                                  In a few months I’ll have 120,000 qantas points

                                  I call that a benefit

                                  And not long after I’ll have $500 to spend at Kogan

                                  All the while paying 0 interest

                                • taffy711 on 29/11/2019 - 17:16
                                  +5

                                  @Andard: I'm glad I don't have as little faith in other people here as you seem to have. If you're not financially responsible don't get a credit card (obviously). If you are financially responsible put every single cent of purchases onto a credit card, because there's zero downside in doing so and plenty of benefits. It's not rocket science. Your blanket advice of no-one should get a credit card is wrong, not to mention your initial justifications of there being no benefits in doing so.

                        • stockastics on 30/12/2019 - 18:09

                          @Andard: I pay off my credit cards monthly (auto debit) so I don't have the problem you mention. But some people are neck deep in credit card debt. But you are generalising too much based on barefoot investor.

                      • Danstar on 29/11/2019 - 14:40
                        +2

                        @taffy711: Don’t worry taffy. I’m doing exactly (and so many others are) what you’re referring to. Buying stuff on credit instead of cash to take advantage of points/offers
                        And avoiding paying any interest on the cards cos you just pay it back as you would if you paid with your disposable cash

                        And while typing this comment I’ve already been APPROVED. Fastest approval ever! Lol

                        • taffy711 on 29/11/2019 - 14:53
                          +2

                          @Danstar: Thanks mate, I feel like I'm banging my head against a brick wall but don't want other people to be put off because of bad advice.

                          • tunzafun001 on 29/11/2019 - 20:41

                            @taffy711: I think you are both right… I'm only getting cheaper flights all over the globe because the person who doesn't pay off their balance in full is paying for it!

                            I know one of these people. After a 0% balance transfer to get them back on track I advised them to save up the minimum balance amount in a savings account (with auto payment set up) before getting a rewards card. Then never use card until the bank balance is full, repeat..

                            BUT…If everyone did this, then I wouldn't be going anywhere…

                • Free Fall on 02/12/2019 - 02:23

                  @Andard: Terrible advice - How much do you need to spend to get the 'reward points'? The value lies in churning through new credit cards to get the bonus points. Of course if you pay your balance in time paying no interest you will be far better off than earning points through normal spend. The barefoot investor is clearly appealing to the masses, sure sound conservative principles but definitely not showing people where the true value lies.

            • krisspy on 29/11/2019 - 12:38
              +1

              @Andard: Coles master card with the flybuys point. 0 fees a year, i run petrol, bills and opal through it and get $10 discount off groceries. Wheres the con again?

              You realise inflation is about 1-2% a year. You're actually losing more money if you're not using a CC vs a free rewards cc.

              • serpserpserp on 29/11/2019 - 13:08
                +2

                @krisspy:

                Wheres the con again?

                Well the con is that you aren't going somewhere else cheaper to get your groceries.

                Don't get me wrong, I shop 99% of the time at Coles and run a big flybuys points total because it is by far and away the closest supermarket to me. But if I could be bothered driving to Aldi or shopping the specials between Colesworth/IGA etc and also shopping my local fruit and veg market, I'd actually be financially better off (but the cost in my time for this given where I live would be huge).

                • krisspy on 29/11/2019 - 13:17

                  @serpserpserp: Well no, I dont force myself to shop at coles exclusively, my point is everyone has necessities eg. fuel, transport and bills etc. Why not run those through a CC instead of paying right off the bat. Sure it's like .5% return but its better than nothing, plus your savings get a little extra time accruing interest.

                  My shopping area has coles and woolies next to each other and aldi about 3mins away. I only go to coles when something i need is on sale, usually woolies has better prices.

                • Danstar on 29/11/2019 - 14:47

                  @serpserpserp: Not really. If you stick to buying things when they’re on special.

                  • serpserpserp on 29/11/2019 - 16:49

                    @Danstar: Did you read my whole post? I mentioned shopping the specials…

                    • Danstar on 29/11/2019 - 16:58

                      @serpserpserp: Didn’t see you mention that. I’ve shopped at Aldi and don’t find it cheaper. It’s the same
                      Prices as coles brand

              • Free Fall on 02/12/2019 - 02:27

                @krisspy: Yep - I just got 100k flybuys points prepaying my utilities and buying woolies gift cards. All to cover expenses which I need to incur anyway. What have I lost by prepaying $3000 - not much. Will cancel the card shortly, in short I gained (net $99 annual fee) $400 in vouchers to cover my household expenses pretty good deal IMO.

        • Danstar on 29/11/2019 - 14:57

          Yeh paying off. For people in debt who are paying interest. I’ve had credit cards for 2 years now (since finding out about taking advantage of awards systems) and have never paid a cent in interest

          • serpserpserp on 29/11/2019 - 16:50

            @Danstar: Wow.

            I've been doing it for 13 years and have never paid an annual fee or interest on a card.

        • tikelz on 02/12/2019 - 12:47

          Yes, i can understand that if someone is driven by the rewards.
          However, for some (Like myself) i only use the Credit Card for when i make the purchases i need. Ive never thought about the points until i check what the accumulation is and then what i can claim for free. All my purchases are for the things i need to live.
          as Taffy711 said, I just pay the card back before the end of each month.

  • vchung916 on 29/11/2019 - 12:35

    What I get after I filled in everything and before uploading documents,
    "An error has occurred while processing your application. We apologise for any inconvenience caused."

    • Innately Incognito on 29/11/2019 - 12:50

      It sounds like the form has timed out. When I applied for a Citi Card something similar happened then it worked immediately after.

  • TwoDolla on 29/11/2019 - 12:51

    Ah sux. Signed up for the $300 deal few weeks ago :(

  • kirt on 29/11/2019 - 13:01

    Cheers OP ;)

  • Splashtash on 29/11/2019 - 13:06
    -1

    Its not working at all…i wonder if they are doing this for free traffic to their website…. ~_~"!

    • 191919 on 29/11/2019 - 14:57

      yeah that'd be some real shrewd business

  • singhdeals on 29/11/2019 - 13:13

    I applied on 27th and got approved yesterday i.e. 28th. As the card has not been received or activated yet, is there a way Kogan can honor this new offer. Alternatively, can I simply ignore this card (withdraw application/cancel card without activating) and apply for the card again with the new offer link? Any T&C stopping me from doing that? Helpful advice from the experienced OzB card churners is welcome!

    • b-radicool on 29/11/2019 - 13:50

      Probably easier just to get a family member (eg wife) to apply.

    • tunzafun001 on 30/11/2019 - 15:07

      You can,but it will be another credit check. I did exactly that with the Westpac card. Didn't stop my usual new card every 3 month rotation.

  • Olokun on 29/11/2019 - 14:12
    +4

    Tried to sign up and the assessment thought I was someone else. Asked me (incorrectly) if previous addresses and employers were mine.

    Went to manual assessment and got rejected.

    On the plus side, i am now signed up for spam.

  • Danstar on 29/11/2019 - 14:41

    Applied few hours ago. already been APPROVED

  • LikezDaBargainz on 29/11/2019 - 18:26

    FYI I have 3 existing CC's and I applied and still got approved. So all good in that regard if you have existing 'offer' cards.

    • Bargain Fighter on 29/11/2019 - 18:29

      Is any of card issued by Citi? (e.g. Citi Signature and Coles Mastercard)

      How long does it take to get approved?

      Applied mine and waiting.

      • Danstar on 29/11/2019 - 18:31
        +1

        I was approved within 4 hours

        • Bargain Fighter on 29/11/2019 - 18:33

          Thanks for the info. Do you have any Citi issued card?

          • Danstar on 29/11/2019 - 18:53
            +1

            @Bargain Fighter: Got coles MasterCard and qantas premier

            • Bargain Fighter on 29/11/2019 - 19:04

              @Danstar: Thanks. This sounds positive as I also got Coles MC. (many OZB fellows commented that they got rejected probably due to holding other Citi issued cards)

      • LikezDaBargainz on 29/11/2019 - 19:25

        No I dont have any citi cards. Westpac and Stgeorge…

  • roseXivy on 29/11/2019 - 19:16
    +1

    Free $500 , and no annual fee

    However, please beware there is a international charge on this card! I bought $200 of CT shirts (recommended by ozbargain) and then was slapped about 8 bucks from memory.

    • Wonderfool on 29/11/2019 - 20:13

      I have no idea what international charge means, does that include any vendors from overseas, like ebay sellers even if they're on the amazon.com.au or ebay.com.au site?

      • roseXivy on 29/11/2019 - 20:59

        No guarantee where the seller processes your payment but amazon.com.au or ebay.com.au is usually fee-free I would say.

        Non-au sites will most likely incur a 3.4% surcharge, from the fees page:

        We charge you an International Transaction Fee of 3.4%, debited to your Account on the Transaction Date, of which a service and assessment fee of 1% is payable by us to Visa, for any Retail Purchase or Cash Advance transaction in:

        foreign currency once converted to Australian dollars; and/or
Australian dollars (or any other currency), when either the merchant or its financial institution/payment processor is located or registered overseas, including transactions that involve dynamic currency conversion (that is where a transaction denominated in a foreign currency is converted to local currency which is a service that is offered by certain ATMs and merchants). The process of conversion and the exchange rates applied will be determined by the relevant ATM, merchant or dynamic currency conversion service provider as the case may be. We do not determine whether a Card transaction will be converted into local currency by the merchant or ATM and you may have to check with the relevant merchant or ATM provider.

        Note: It may also not always be clear that the merchant or its financial institution/payment processor is located or registered outside Australia.

  • sleepy-mouse on 29/11/2019 - 21:13

    Turned down at the end of the application without any reason……

  • Lancerx on 30/11/2019 - 00:36
    +1

    Do you think I will get accpeeted if already got a $15k citibabnk signature card with almost same income as before?

  • dealmaker on 30/11/2019 - 08:41

    No referral program?

  • armyofme on 30/11/2019 - 09:42
    -1

    can purchases on ebay be eligible? even purchases from bidding?

  • watwatwat on 30/11/2019 - 11:14
    +4

    I uploaded 2 recent payslips and they emailed saying they need more employment proof and requested to upload documents. So, what? They want my employment contract???????? :/ Then they link to page that doesn't allow uploads.

    They don't have a number to call so download the their app to chat. Start live chat, no response at all. I have a feeling this is just the beginning of the pain.

    Getting this bonus is going to be quite the experience with the retardation of kogan, as expected.

    • chillwok on 30/11/2019 - 11:31

      same for me and wife.

    • kirt on 30/11/2019 - 11:38

      I got the same thing too.

    • nurseboucher on 30/11/2019 - 11:46
      -1

      Yep,same here.. annoying the link goes to a useless page too..so close..😖

      • watwatwat on 30/11/2019 - 11:49

        It's all a scam. They clearly haven't read any uploaded documents and just gave every applicant this same stupid response.

        We are all now beta testers.

        • Danstar on 30/11/2019 - 12:01
          +3

          I uploaded 1 payslip and the same payslip for the “proof
          Of employment” document. I got approved after 3 hours

        • Make it so on 03/12/2019 - 12:48

          I applied, because $500 credit is nothing to sneeze at. I didn't realise it was backed by Citibank, however, or I might have stayed away.
          Citibank is beyond shocking. Have had so many bad, time-wasting, experiences with their customer service. Their systems are extremely broken too. I don't know how they stay in business (oh, right… they save money using cheap outsourced call centres with unqualified staff).

          See how it goes. If it goes through, good. Get my credit, spend it, close account. If not, I won't care.

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