Woolworths Everyday Money Credit Card

  • Woolworths
  • 19.99%

  • 0% for 9 months and then 21.99%

  • $49

  • 55

Woolworths Everyday Money Credit Card Review

Review updated: 10 October 2014
Review published: 9 August 2012

What's hot:

  • 10,000 bonus points
  • 0% balance transfer rate for 9 months

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 31 January 2015 and you'll get 10,000 bonus points (as long as you make a purchase before 31 March 2015). 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 6.7 Based on 35
Woolworths credit card reviews
6.3 7.1 5.8 6.5 6.5

Read Woolworths credit card reviews by the Mozo community

Latest reviews of Woolworths Everyday Money Credit Card

  • Great rewards program, WORST customer service

    1. Overall customer rating
    2. (Reviewed 10 days ago)

    This card is great, as long as you NEVER have a problem or need to deal with their customer service team. The rewards program and $49 annual fee can't be beaten. Unfortunately this doesn't make up for the truly horrifyingly terrible customer c...  Full review 

    This card is great, as long as you NEVER have a problem or need to deal with their customer service team. The rewards program and $49 annual fee can't be beaten. Unfortunately this doesn't make up for the truly horrifyingly terrible customer call centre and overall lack of customer service. The people in the call centre are polite, but utterly useless. My card had a fraudulent charge, so they rang me and cancelled the card immediately (great, right?) 10 days later still no sign of card or the dispute paperwork I was promised. 20 days later my replacement card arrives. Another 4 days after this my statement is issued and the fraudulent charge is there, so I call and am told I will have to pay it. The retailer has 45 days to respond to the dispute enquiry, in the meantime I will be responsible for the charge and any interest (not true according to their TOS). It has now been 6 weeks and it's still not resolved. In a nutshell, excellent card as long as there is never a problem.


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    Woolworths credit card review by Sally from New South Wales

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  • Hopeless new system. Feel like cancelling it.

    1. Overall customer rating
    2. (Reviewed 14 days ago)

    The new credit card system from Woolworths is rubbish. When you call for help, the phone help people are incompetent.  Full review 

    The new credit card system from Woolworths is rubbish. When you call for help, the phone help people are incompetent.


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    Woolworths credit card review by Geoff from New South Wales

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  • Lots of hassle to pay off card

    1. Overall customer rating
    2. (Reviewed 15 days ago)

    Over the last 6 years service has gone from mediocore to poor. Money transfers to pay off the card disappear for up to seven days. I got used to this but now they have "lost" the last three payments ($2k). A heavly accented Customer Service agent...  Full review 

    Over the last 6 years service has gone from mediocore to poor. Money transfers to pay off the card disappear for up to seven days. I got used to this but now they have "lost" the last three payments ($2k). A heavly accented Customer Service agent could not help and did not even send me a ticket/email to say I had raised an issue. During the overhaul of the login systems the old system was shut down before new logins/pins were sent out. I could not check my balance for 2 weeks. When I could I discovered the missing $2,000. Once I get this sorted out I will be cancelling the card. It is easier just to use my savings account, as the credit card does not work due to the lagging aquital system


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    Woolworths credit card review by Steve from New South Wales

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  • Terrible card with great rewards points

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

    We took this card because of the rewards program (frequent flyers). This is the only reason we keep it! The interest on purchases are ridiculously high, customer service is average, the only way to pay card is internet or instore. Instore there...  Full review 

    We took this card because of the rewards program (frequent flyers). This is the only reason we keep it! The interest on purchases are ridiculously high, customer service is average, the only way to pay card is internet or instore. Instore there is a $2000 limit on deposits to card also. The telephone customer service is only open business hours-what happens if you lose your card at 1am on a sunday? No 24 hour service. To set up the card was difficult and fraught with many errors on Woolworths' part.


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    Woolworths credit card review by Sally from New South Wales

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  • Great and easy card

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

    Woolworths has outdone themselves with their range of credit cards. They are simple to use with PayPass but also easy to put money onto from most Woolworths stores. I got one of these cards to go overseas and to purchase online. Apply in store and...  Full review 

    Woolworths has outdone themselves with their range of credit cards. They are simple to use with PayPass but also easy to put money onto from most Woolworths stores. I got one of these cards to go overseas and to purchase online. Apply in store and they are an easy and convenient option. My only hesitation is their ugly and un-intuitive website.


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    Woolworths credit card review by Tom 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 31 January 2015 and receive a bonus 10,000 Rewards points when approved and make an eligible purchase by 31 March 2015.

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 point 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
0% for 9 months and then 21.99%
Balance transfer revert to cash
yes
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
3%, minimum $5
Foreign exchange margin
3.00%
Duplicate statement fee
$7.00
Transaction verification fee
$8.00
Additional card fee
$9.00

Other financial bits

Minimum repayment amount
$50.00
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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