Available until 30 November 2021, the Kogan Money Black Card offers 0% p.a. interest for 30 months on balance transfers with no balance transfer fee. With this card, you can transfer debt from credit cards, store cards, lines of credit and personal loans issued in Australia. It also offers an ongoing $0 annual fee and $50 Kogan.com Credit when you spend $1,000 in the first 60 days.
If you apply elsewhere, the balance transfer offer is 0% p.a. for 12 months, with no balance transfer fee. The credit offer is $400 Kogan.com Credit, where $100 is granted when you make your first eligible purchase and the remaining $300 requires you to spend $1,500 in the first 90 days.
Features of this card
- 30-month balance transfer offer. Save on interest charges with 0% p.a. on balance transfers for up to 30 months with no balance transfer fee when you apply through Finder by 30 November 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 also 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 for free.
Rewards. Earn 2 points / $1 at Kogan.com, 1 point / $1 on eligible purchases 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, priority customer service and exclusive specials (currently valued at $49 / year).
Eligibility. To apply for this balance transfer & credit offer, you need to:
- Be 18 years of age or over, and
- Earn more than $35,000 per year, and
- Be a permanent Australian resident or citizen, and
- Not already be a Kogan Money Credit Card customer, and
- Have a good credit rating and be in permanent full-time or part-time employment, or be self-employed, and
- Request the balance transfer within 90 days of account opening (you can transfer up to 80% of your available credit limit).
surely the $400 credit offer elsewhere is better