If you love being rewarded for shopping up a storm and want to dodge fees, then the Kogan Money Black Card is a worthy contender. This rewards credit card has no annual fee and no cap or expiry date on points - so it’s great for points hoarders waiting for the right moment to cash in their chips!
And if you’re trying to escape high interest while paying off credit card debt, you’ll be pleased to know that the Kogan Money Black Card also comes with a 0% balance transfer rate for the first 12 months.
Looking at credit card basics, the Kogan Money Black Card has a 20.99% purchase rate, 55 interest free days on purchases, and a 0% balance transfer rate for the first 12 months, although bear in mind this reverts to a high 21.74% cash advance rate after the balance transfer period.
With the Kogan Money Black Card, you can earn 1 rewards point per dollar spent on eligible purchases, and up to 2 points for every dollar spent on Kogan.com, as long as you’re buying Kogan Exclusive Brands.
What’s more, these rewards points are uncapped and never expire, so you can save up your points and redeem them any time for eligible purchases made on Kogan.com or for Kogan Money credit card payments.
The Kogan Money Black Card also comes with a complimentary Kogan First Membership (valued at $99 p.a.), which gives customers free shipping without a minimum purchase amount, or a free upgrade to express shipping for products that already have free shipping.
Plus, you could catch its special offer - $400 in Kogan.com Credit when you spend $1,500 on eligible purchases in 90 days from card approval.
As for those looking to share their card with family, you’ll be happy to hear that the Kogan Money Black Card lets you have four additional cardholders, free of charge.
The Kogan Money Black Card is a good choice for rewards lovers who want the perks of a rewards card without having to worry about any annual fees. With a generous balance transfer introductory offer, it also suits those looking to rid themselves of credit card debt.
If you’re looking to take advantage of the card’s initial 0% balance transfer rate to pay down your credit card balance, be sure to do so within 12 months, as after that, it jumps to a high 21.74% p.a..
And if you’re using the card to shop overseas, there is a 3.40% foreign exchange margin on all international purchases.
Fly Sydney to London return
-
Fly Sydney to Melbourne one-way
-
$100 Giftcard
10,000 points
$100 Cash
-
1 point per dollar on Visa, uncapped
Points can be redeemed for eligible purchases made on Kogan.com or for Kogan Money credit card payments.
Earn up to 2 points per $1 of eligible spend on Kogan exclusive brand purchases.
Earn $400 Kogan.com Credit when you spend $1,500 on eligible purchases in 90 days from card approval.
Spend $10,000 (Visa)
Uncapped
Never
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
More details:
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
|
20.99% p.a. |
|
|
none |
|
|
0% p.a. for 12 months and then 21.74% p.a. |
|
|
yes |
|
|
21.74% p.a. |
|
|
55 |
|
$0.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
|
|
3.50%, min $5.00 |
|
|
3.40% |
|
|
$0.00 |
|
|
$7.00 |
|
|
$0.00 |
|
$30.00 |
|
|
2.0 |
|
|
4 |
|
|
none |
Complimentary Kogan First Membership currently valued at $99 per year.
Everything you need in this card, recommend to everyone who want to manage their money and get extra point to buy things.
Read full reviewEverything you need in this card, recommend to everyone who want to manage their money and get extra point to buy things.
When I received my April statement I noticed a foreign transaction for $662.81 with a fee of $22.53. Since I had not made any foreign transactions I thought this was a fraud and informed Kogan Money at once by phone. The person said they would need to replace my credit card and also they would dispute the transaction. On further investigation I found that the transaction was legit, for a car hire in Broome I arranged through Booking.com . So I phoned Kogan again and spoke to the same person letting him know this and questioning why an Australian transaction had incurred a $22.53 fee. On April 22 I received an email from Booking.com saying my car hire had been cancelled. When I received my May statement I was surprised to see that although $662.81 and $22.53 fee were credited back to my account in early April, on April 25 the $662.81 was again debited from my account. So I am now $662.81 out of pocket with no car booking. After two lengthy phone calls to Kogan Money I was asked to contact their "chargeback" group about this. It turns out that Kogan Money is part of Citibank, and the chargeback group is actually for the Coles credit card, which Citibank also manage. Firstly I was fobbed off by the person, but asked to speak to the manager. He said he would try and get the money refunded. Four months later after many calls and emails asking what is going on, I received an email from Kogan Money saying they were unable to get my refund, and I should contact the merchant myself. This is the worst service I've ever experienced from an Australian bank. They try to pass the buck to somebody else, and then blame me for disputing the transaction in the first place. I'm now referring this matter to the Australian Financial Complaints Authority (AFCA) - which of course will take ages to resolve. Take my advice... don't get involved with this incompetent and barely literate operation.
Read full reviewWhen I received my April statement I noticed a foreign transaction for $662.81 with a fee of $22.53. Since I had not made any foreign transactions I thought this was a fraud and informed Kogan Money at once by phone. The person said they would need to replace my credit card and also they would dispute the transaction. On further investigation I found that the transaction was legit, for a car hire in Broome I arranged through Booking.com . So I phoned Kogan again and spoke to the same person letting him know this and questioning why an Australian transaction had incurred a $22.53 fee. On April 22 I received an email from Booking.com saying my car hire had been cancelled. When I received my May statement I was surprised to see that although $662.81 and $22.53 fee were credited back to my account in early April, on April 25 the $662.81 was again debited from my account. So I am now $662.81 out of pocket with no car booking. After two lengthy phone calls to Kogan Money I was asked to contact their "chargeback" group about this. It turns out that Kogan Money is part of Citibank, and the chargeback group is actually for the Coles credit card, which Citibank also manage. Firstly I was fobbed off by the person, but asked to speak to the manager. He said he would try and get the money refunded. Four months later after many calls and emails asking what is going on, I received an email from Kogan Money saying they were unable to get my refund, and I should contact the merchant myself. This is the worst service I've ever experienced from an Australian bank. They try to pass the buck to somebody else, and then blame me for disputing the transaction in the first place. I'm now referring this matter to the Australian Financial Complaints Authority (AFCA) - which of course will take ages to resolve. Take my advice... don't get involved with this incompetent and barely literate operation.
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
American Express
Platinum Edge Credit Card
20.74% p.a.
No current offer
$195
Membership Rewards
American Express
Cashback Credit Card
20.74% p.a.
No current offer
$120 First year monthly fees waived for online applications, new card members only., $0 in the first year
Cashback Rewards
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
70,000
0.5 points up to $100,000/year
American Express
Platinum Edge Credit Card
Membership Rewards
$195
30,000
1 point uncapped
St.George
Amplify Rewards Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points up to $100,000/year
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
St.George
Amplify Rewards Platinum
Rewards
$99 $29 in the first year
100,000
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months and then 20.99% p.a.
20.74% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Rewards Signature
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$279
Qantas Frequent Flyer
Westpac
Low Rate
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months and then 20.99% p.a.
$129 $64 in the first year
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
American Express
Cashback Credit Card
20.74% p.a.
No current offer
$120 First year monthly fees waived for online applications, new card members only., $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
