Woolworths Everyday Money Credit Card

  • Woolworths
  • 19.99%

  • $49

  • 55

Woolworths Everyday Money Credit Card Review

Review updated: 1 May 2014
Review published: 9 August 2012

What's hot:

  • 10,000 bonus points

What's not:

  • $35 late payment fee

Mozo snapshot:

The Woolworths Everyday Money Credit Card is a great credit card if you're a regular shopper at Woolworths and Woolies owned outlets like Big W, Dan Murphy's, Caltex, BWS, and Dick Smiths. Apply before 30 September, 2014 and you'll get 10,000 bonus points (as long as you make a purchase before 30 November). Rewards points are converted into shopping gift cards which help cut down the cost of your groceries.

Key features:

The Woolworths Everyday Money credit card has a small $49 annual fee. If you're good at paying back your debt on time the Woolworths Everyday Money Credit Card has a 55 day interest free period. Like all credit cards you don't want to fall behind on your payments or you'll be hit with a $35 late fee.

Earning rewards with The Woolworths Everyday Money Credit Card is simple:
     - You earn 3 points for every dollar spent on Woolworths branded 'Select' products.
     - 2 points for every $1 spent in Woolworths and a number of other Woolworths owned outlets such as Dan Murphy's, Big W, Dick Smith, Thomas Dux and Woolworths liquor
     - 1 point for every $1 spent elsewhere

Every 4 months the points are converted into a Woolworths Everyday Money Shopping Card and you'll need around 4000 points to receive $20. Working just like a gift card, the Shopping Card will help knock down your grocery bill but don't hold on to them for too long. The Woolworths Everyday Money Shopping Card will expire 3 months after it's issued.

Who it's good for:

Anyone looking to save on interest of their credit card but ultimately best for loyal 'Fresh Food' people.

Any catches?

The Woolworths Everyday Money Card is unashamedly biased. Points can only be redeemed at Woolworths and Woolworths partners. If these rewards don't work for you and you prefer flight rewards from your credit card maybe consider the Woolworths Everyday Rewards Qantas Credit Card.


How are Woolworths credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
Woolworths credit card 8.8 Based on 4
Woolworths credit card reviews
8.0 9.0 7.0 8.5 8.5

Read Woolworths credit card reviews by the Mozo community

Latest reviews of Woolworths Everyday Money Credit Card

  • Woolies is best

    1. Overall customer rating
    2. (Reviewed 1 day ago)

    I had a Coles card and switched to Woolworths, glad I did, it's the best credit card on the market.  Full review 

    I had a Coles card and switched to Woolworths, glad I did, it's the best credit card on the market.


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    Woolworths credit card review by Adrian from New South Wales

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  • Avoid at all costs

    1. Overall customer rating
    2. (Reviewed 3 months ago)

    Do not apply for this card. I applied for the bonus frequent flyer points but when I received my card, nobody in customer service could guarantee that I would get my points even if I followed the T and Cs. Didn't even get to activate the card and ...  Full review 

    Do not apply for this card. I applied for the bonus frequent flyer points but when I received my card, nobody in customer service could guarantee that I would get my points even if I followed the T and Cs. Didn't even get to activate the card and HSBC didn't care either. Luckily I could cancel before I incurred fees.


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    Woolworths credit card review by Tony from New South Wales

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  • Excellent value card with practical rewards

    1. Overall customer rating
    2. (Reviewed 5 months ago)

    I like the Woolworths Everyday Money credit card because it is excellent value for people who want some rewards for their spending, but do not typically spend enough to make other 'high end' rewards programs worthwhile. The annual fee is very reas...  Full review 

    I like the Woolworths Everyday Money credit card because it is excellent value for people who want some rewards for their spending, but do not typically spend enough to make other 'high end' rewards programs worthwhile. The annual fee is very reasonable, and it is quite easy to earn enough reward points to more than make up for it. Reward vouchers can be used at Woolworths chain stores, so are more practical than frequent flier points found in other programs, for example. The main issue that this credit card faces is the lack of a simple instant online repayment option, since it is not linked to a bank account like most other cards. You either have to pay by BPay, direct debit or physically in-store - this means there is usually a delay of at least a couple of business days, so if you significantly overdraw your account the card will be disabled until the money is received. However, this is obviously only an issue if you regularly spend over your credit limit, so it is certainly manageable. Customer service has always been excellent - call centre staff are quick to answer and usually very helpful. Overall, it is an excellent value credit card with a simple and practical rewards program.


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    Woolworths credit card review by Michael from Western Australia

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  • Convenience and reliablability

    1. Overall customer rating
    2. (Reviewed 5 months ago)

    First class dispute system. Reward system is good.  Full review 

    First class dispute system. Reward system is good.


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    Woolworths credit card review by Harry from New South Wales

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  • Great convenience and bonus point program

    1. Overall customer rating
    2. (Reviewed 5 months ago)

    I shop at Woolworths all the time so the extra points program rewards me when shopping at their stores. The rewards are automatically claimed with a wish card sent out quarterly which is convenient.  Full review 

    I shop at Woolworths all the time so the extra points program rewards me when shopping at their stores. The rewards are automatically claimed with a wish card sent out quarterly which is convenient.


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    Woolworths credit card review by Benjamin from New South Wales

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  • Show more reviews

Rewards scheme

  • Woolworths Everyday Money. Shopping card sent automatically every 4 months if you've spent enough.
  • No flight rewards.
  • Double points on purchases at Woolworths Supermarkets, Big W and other partner stores. Triple points on Woolworths Select and Woolworths Mobile products.

Special offers

  • Apply by 30 September 2014 and receive a bonus 10,000 Rewards points when approved and make an eligible purchase by 30 November 2014.

Value of rewards points

  • Example reward
  • You'd need to spend
  • $100 gift card
  • $20,000
  • Points are capped?
  • Uncapped
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1 points per dollar on MasterCard, uncapped
  • $100 gift card 20000 points buys a $100 Gift Card

*how did we do it? find out...

Rates

Purchase rate
19.99%
Intro purchase rate
none
Balance transfer rate
none
Balance transfer revert to cash
none
Cash advance rate
21.99%
Interest free days
55

Fees

Annual card fee
$49.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
none
Late payment fee
$35.00
Cash advance fee
2%, minimum $2.50
Foreign exchange margin
3.00%
Duplicate statement fee
$8.00
Transaction verification fee
$10.00
Additional card fee
$0.00

Other financial bits

Minimum repayment amount
$30.00
Minimum repayment percent
2.5

Features

Additional cardholders
1
Other restrictions
Reward points do not expire. However the shopping card you are sent is valid for 90 calendar days.
Other benefits
none

About Woolworths

Woolworths is Australia's biggest retail group. In 2008, Woolworths launched the Everyday Money Credit Card to reward customers who shop in Woolworths group stores. Woolworths chief executive Michael Luscombe says the card was designed to meet customer demand for “simple, easily achievable and useful rewards”. The Woolworths Everyday Money MasterCard offers 2 points for every dollar spent on purchases in stores operated by the Woolworths group and 1 point for every dollar spent on other purchases. Cardholders can also earn 3 points for every dollar spent on Woolworths Select brand purchases.

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