This was posted 4 years 27 days ago, and might be an out-dated deal.

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Kogan Money Black Card - 0% for 24 Month Balance Transfer (No BT Fee), $0 Annual Fee & $50 Kogan.com Credit

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Kogan Money Black Card - 0% for 24 Month Balance Transfer (No BT Fee), $0 Annual Fee & $50 Kogan.com Credit
Go to Deal
Store Repfindercomau @ Finder on 08/02/2021 - 13:20 koganmoney.com.au (208 clicks)
Last edited 08/10/2021 - 12:53 by 3 other users

Available until 28 February 2021 and only via Finder, the Kogan Money Black Card offers 0% p.a. interest for 24 months on balance transfers with no balance transfer fee. It also offers an ongoing $0 annual fee and $50 Kogan.com Credit when you spend $1,000 in the first 60 days.

Features of this card

  • 2 year balance transfer offer. Save on interest charges with 0% p.a. on balance transfers for up to 24 months with no balance transfer fee when you apply through Finder by 28 February 2021. Any unpaid balance at the end of the introductory period will revert to the cash advance interest rate of 21.74% p.a. Please note that you do not get interest-free days on purchases while you have a balance transfer.
  • Bonus $50 Kogan.com Credit. Spend $1,000 on eligible purchases in the first 60 days and you’ll get $50 to spend at Kogan.com within the next 12 months (credit will be in your account within 10 weeks of meeting the spend requirement).
  • $0 annual fee. The Kogan Money Black Card does not charge an annual fee. Ever. It also offers up to 4 additional cardholders.
  • Rewards. Earn 2 points / $1 at Kogan.com, 1 point / $1 everywhere else. Redeem rewards for purchases on Kogan.com or for credit card payments. 100 points = $1 of credit.
  • Interest rates. Purchase interest rate of 20.99% p.a., cash advance rate of 21.74% p.a. Interest-free period of up to 55 days (if you do not have a balance transfer).
  • Complimentary Kogan First Membership. Get free shipping on thousands of products, express shipping upgrades and exclusive specials (currently valued at $99 / year).

Eligibility. To apply, you need to:

  • Apply via Finder
  • Be 18 years of age or over, and
  • Earn more than $35,000 per year, and
  • Be a permanent Australian resident, and
  • Have a good credit rating and be in permanent full-time or part-time employment, or be self-employed.
  • Request the balance transfer within 90 days of account opening (you can transfer up to 80% of your available credit limit).

Read the full card review and apply through Finder https://www.finder.com.au/kogan-money-black-card-exclusive-offer

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closed Comments

  • Bigboomboom on 08/02/2021 - 13:24
    +4

    Very low offer compare to $300-$500 credit offer just recently.

  • Hybroid on 08/02/2021 - 13:24
    +13

    Don't support Kogan. Grey market products, price gouging during pandemic, terrible/non-existent customer service and now you want to entrust your personal details & banking to them for a credit card? No.

    • CyberMurning on 08/02/2021 - 13:49

      Totally agree. But tell them to all the fund managers that buying Kogan shares, it soared to the roof

      • mlburnian on 08/02/2021 - 14:40

        Have you checked their performance? There's a reason why their share price increased so much

      • kungfupanda on 08/02/2021 - 15:25
        +1

        we should form our own ozb armies - just like the reddit army on gamestop

        • starbearer on 08/02/2021 - 16:40

          and short kogan?

    • duodeta on 08/02/2021 - 14:28

      Yep. Dogdge seller with crap servo

  • Drakesy on 08/02/2021 - 13:34
    +3

    The one and only time i'd ever touch this card was the opening $500 Kogan credit for $1000 spend when it first came out.
    Other than that Kogan = AIDS

    Also the fact that it's another CItibank run card means for the sake of my credit score i won't be touching this.

    • Turd on 08/02/2021 - 13:58

      They prob wont approve you

  • Dealking on 08/02/2021 - 13:45

    Assuming BT into a variable rate home loan offset @say 2.5%, a BT of $10,000 for 2 years should help get back approx $500 over 2 years.
    So depending on individual situation, the higher the BT, higher the benefit. May not be same as getting a $500 gift card upfront, but I believe that was in kogan credit, so might not be very useful for a not-so-frequent kogan user and May be this is a better deal.
    Also, higher the rate to which the BT is made, higher the benefit. This calculation above is probably rock bottom, give or take a few basis points depending on the home loan variable rate.

    • CyberMurning on 08/02/2021 - 13:51

      Usually balance transfer will have a limit of half you credit limit for example so unless you can get $40k limit on this card, then yeah, little benefit

      • Dealking on 08/02/2021 - 13:55

        Fair point - the website states - transfer upto 80% of the credit limit, not bad eh.

    • Bigboomboom on 08/02/2021 - 14:42

      Kogan credit is good for Kogan mobile, which service wise is one of the better MVNO but on Vodafone network. They are or were the only provider that allow you to use discounted voucher to recharge your plan without porting out as well as increasing your data allowance if they increase their plan. Other MVNO e.g Boost offer bonus data instead to avoid doing this, say $300 is 240GB but if you port or recharge now it's 328GB. People on 240GB are screwed.

  • countmein on 08/02/2021 - 13:49

    Ok this is quite good for those who want to domino their debt into 24m installment, and thats it. Do not use it for purchases e.g spent $1k to get $50 *lol while you paying your balance transfer installment, it will attract the high rate 20+%.. meaning defeats the purpose

  • haha1 on 08/02/2021 - 13:56

    What is the max credit limit? Ie $50k+?
    Can BT to close 2 credit cards?

  • Turd on 08/02/2021 - 13:58

    Kogan Money Credit Cards are issued by Citigroup Pty Limited ABN 88 004 325 080, AFSL and Australian credit licence 238098 (Citigroup).

  • cook99 on 08/02/2021 - 13:59

    Only support Kogan by signing up to get $500 credit (not this low deal), spend the $500 and then cancel. I've enjoyed $1000 of free crap over last 14 months and already cancelled.

    • dtrinh on 08/02/2021 - 14:21

      How long between each application?

    • [Deactivated] on 08/02/2021 - 14:35

      this. and while the voucher is being awarded, it takes sweet time, order some craps with free delivery via kogan first.

      their flash banner advertised stuffs aren't too bad. l

  • cook99 on 08/02/2021 - 14:23
    +1

    I waited 12 months between closing and old and starting new. But I don't think their terms and conditions had 12 month clause… Tempted to go again #3 lol

  • Dr Phil on 08/02/2021 - 15:54
    -3

    OMG
    Purchase interest rate of 20.99% p.a.when mortgage rates are around 2%
    I see a huge rip-off here

    • paaj on 08/02/2021 - 16:50
      +2

      completely different products with different assets / risks behind them. 20% interest rate means nothing if you are financially responsible. spend within your means and pay off the full balance on time.

      • Dr Phil on 10/02/2021 - 17:52

        This is true but many dont have the capacity to do this.

  • macr0hard on 09/02/2021 - 11:52

    darn I missed out on the one with $500 credit, was going to apply, didn't know it would end so soon.

  • blackfrancis75 on 10/02/2021 - 09:56

    Kogan Credit's systems are hopelessly broken. Even logging in to their online system is almost impossible. Their feedback form actually says NOT TO USE punctuation because they apparently can't figure out how to sanitise inputs in 2021.

    Bear in mind also there is NO PHONE support team for cardholders; You need to log in to text-chat with them, which if you're having login issues becomes a chicken-and-egg problem

    Avoid

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