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Kogan Money Black Credit Card, $500 Kogan Credit with $500 Spend in 30 Days

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Special Black Friday Deal

No annual fees
That’s right, $0 annual fees on this card.

Earn $500 Kogan.com Credit
Bonus launch offer – spend $500 in the first 30 days from approval on eligible purchases and you’ll receive $500 in Kogan.com Credit.

Uncapped rewards points
Earn up to 2 rewards points per dollar on your eligible purchases at Kogan.com and 1 rewards point per dollar on your eligible everyday spend, uncapped.

Complimentary Kogan Membership
Get complimentary Kogan First Membership, currently valued at $99 per year.

0% p.a. for 12 months on balance transfers
No interest free days apply while you have a balance transfer. Reverts to cash advance rate.

Up to 4 additional cardholders at no cost
All eligible spend by additional cardholders contributes to your rewards!

Visa payWave
Simply wave and go.

FRAUDSHIELD® and Visa Zero Liability
Security and fraud protection with FRAUDSHIELD® and Visa Zero Liability.

Eligibility
Earn more than $35,000 a year.
Be 18 years or older and a permanent Australian resident.
Have a valid email address and mobile number.

Related Stores

Kogan Money
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Marketplace

closed Comments

  • Uncapped rewards points
    Earn up to 2 rewards points per dollar on your eligible purchases at Kogan.com and 1 rewards point per dollar on your eligible everyday spend, uncapped.

    Anyone know what sort of items are available for kogan points and how much? 2 points sounds good but it could be worthless post conversion

  • +7

    spend $500 in the first 30 days from approval on eligible purchases and you’ll receive $500 in Kogan.com Credit.

    To be eligible to receive the $500 Kogan.com Credit, you must apply for a Kogan Money credit card by 11.59pm on 6 December 2019 and spend $500 or more on your Kogan Money credit card on eligible purchases within the first 30 days from approval. Kogan.com Credit will expire 12 months from the date it is applied to your Kogan.com account and cannot be extended. Eligible purchases means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs). The $500 Kogan.com Credit will be credited to your Kogan.com account up to 10 weeks after the end of the 30 day qualifying period. Your Kogan.com account will be set up upon approval of your application (if you don’t already have one). You will receive an email requesting that you activate your Kogan.com account and agree to the Kogan.com Terms and Conditions and Privacy Policy. Your Kogan Money credit card must remain open and in good standing, and your Kogan.com account must remain open for the $500 Kogan.com Credit to be credited. The Kogan Rewards program, including the earning and redeeming of rewards points, is subject to the Kogan Money Credit Cards Rewards Terms and Conditions, available at koganmoney.com.au/credit-cards/important-information. Please note that if you have a balance transfer, you will be charged interest on any spend that you make. This offer is valid until 6 December 2019. Post this advertised date; Citigroup reserves the right to continue, withdraw or change the offer at any time without notice.

    • +1

      'Special promotions' - I wonder what that means in this context

    • +1

      I quite like the detailed exclusion list, unlikely Westpac who gives vague exclusion and leave a lot to interpretation.

    • +2

      Just FYI, Council rates do not count as eligible purchases. I tried paying with postbillpay through PayPal, and it didn't award me any points.

      • +1

        Hi mate, did you try to buy a Woolworths e-gift card? Does it count as a special promotion or they do award some points?

        • I did, $500 for $475. We'll see if it counts….

        • -1

          I spoke to one of their rep via chat and was told that it will count as an eligible purchase. So all good.

          • -1

            @duckieboy: I don't trust them, they are outsourced (Philippines likely) and not very professional. How would you prove your chat conversation in case it won't count?

            • @alexshel: When you go back into a new chat session. The old chat session is still there (was for my anyway, and I got the same person I spoke to the first time. Her name was, Debbie)

            • @alexshel: I took a screenshot of the chat just in case. Plus worse case scenario go to FOS.

              • +1

                @duckieboy: I paid for my car insurance via my kogan credit card, I havent been awarded any points yet but the chat help person said it was a eligible purhcase towards the $500. Who knows…

                • +1

                  @whey4000: gave my mrs the card, she'll rack up 500 bucks worth of spend in no time. lol

  • +5

    Receive credit 10 weeks after the 30 days of
    Eligible spend

  • +1

    So tempting

  • +13

    Lol citi issued

    • Citi seem to be backing most of these now

  • are there any catches to this such as not able to cancel restrictions, etc?
    as the previous comment said.. i would sign up, spend $500, get the $500 credit and then cancel the card. anyone know if its as easy as that?

    • Just have to wait 10 weeks from all ive read

    • Yes

    • +1

      A credit check and card (if approved) entry in your credit history for many years!

      • how long that would be ghosting me?

        • Usually 5 years!

      • +1

        Applying for a Credit Card isn't a 'black mark' on your credit history - usually the opposite!
        As long as you are approved… :)

        • Applying for a credit card is indeed a 'mark' on your credit history, whether it's black or not is another story!

          I presently have 11 'enquiries', and subsequently 11 'accounts' (i.e. approved applications).
          Only 2 of those accounts are actually 'open' though, the rest are 'closed'. Regardless, they are accounts that remain on my profile for 5 years.

          Now… back in August, I did have a score in the mid 700's, if we're going by Finder.com. It's now dropped to 625.

          I've already bought a house, etc. so I'm not particularly worried if my score is tarnished a little for the thousands I've made in CC offers.

  • +1

    This is perfect except all the BF sales will be finished by then.

    • spend $500 in the first 30 days from approval

      You have a month to spend

    • +1

      Xmas and post Xmas sales still to go though!

      • Christmas 2020? U’ll get the credit in Feb at the earliest for that 10 weeks

        • +5

          he was referring the initial 500 spend to be worthwhile, upon getting the card after approval

          the 500 kogan credit won't matter, as kogan seasonal sales not always that great,
          but you can always spend that 500 kogan credit on usual kogan 144hz monitors or kogan TV , or kogan yearly mobile recharge

  • Is CTP insurance counted as government? Eg mine is with GIO and the payments normally go to GIO

    • Is GIO a government department or a private company?

      • spend with certain merchants may be characterised as
        spend with a government related entity and therefore not
        an Eligible Transaction, even if that merchant is not in fact
        a government related entity.

        • +1

          That's merchants like Australia Post.

          GIO is owned by Suncorp.

  • +7

    So $0 annual feel, spend $500 anywhere in the first month and get $500 back at Kogan? This is an awesome deal!!

    • +1

      Seems like a no brainer! Almost like a free handout!

    • If you need to buy something worth $500 on Kogan, then it makes sense.

      • Or if you don’t need anything, but just spend 500 like you would normally and basically get 500 back for free to Use at Kogan

      • Technically you'd need to be wanting to spend $1,000 Kogan for maximum utility.

        • +4

          How so? Spend $500 on petrol, groceries, etc. as you normally would. And get a free $500 to spend at Kogan.

          Money for jam…or a 4K UHD Kogan branded TV

          • +1

            @Danstar: Oh yeah good point, for some reason I thought the first $500 was also at Kogan but it's not.

            • +1

              @HighAndDry: Thought so. Someone else thought the same, thought I’d clarify :D just in case

  • Wow Kogan must be loaded with cash! Awesome!!

    • Keep in mind the markup on kogan stuff would be significant, especially their house brand stuff

      • I couldn't find anything about the credit being limited to their Kogan brand products. Couldn't you use it to buy their dropshipped phone products?

        • +1

          Yes

        • True, but people are going to just buy what they want or need, on balance a sizeable amount of claims will be on Logan stuff, even if it's not the final price has a component that goes to Kogan. If only Kogan stuff was bought, it could be potentially a 70% mark up. So 130 bucks isn't a huge amount for Ruslan to give away for a credit card customer. Even if he is only making 20%, that's 400. On balance it will end up somewhere in between.

          • +1

            @Jackson: Plus Kogan gets a kickback from citigroup:

            Citigroup may pay Kogan Australia Pty Limited ABN 53 152 570 351 a commission of up to $200, depending on where you apply and when you agree to be bound by these terms for the introduction of this credit contract, and other commissions which are currently not ascertainable.

            Kogan wouldn't be doing this if there wasn't something in it for them. Lure you in with the $500 of spend. Buy a Kogan brand TV for $499. Real value $150 (guess). Kogan gets the commission of up to $200 from Citigroup. Kogan is $50 ahead and they get you too spend more in their store.

            Would be interesting to know what the other commissions which are not currently ascertainable are.

            Got nothing against this deal, I applied for it as well and got approved.

            • @IdiotSandwich: Yeah me neither, at the end of the day I am looking at $500 to spend at their store by taking out a different piece of plastic from my wallet when paying for things I was already going to buy. A worthy deal IMO and clearly a lot of people share this sentiment.

  • $500 credit expires when?

    • +1

      12 months

  • Screw it. I applied. Might need a cheap tv or something next year lol

  • time to cancel the woolies card and get this.

    • Why cancel the Woolies card? Too many credit cards to your name? I have Woolies and ANZ credit cards but was thinking of getting this just for the credit.

      *edit - just realised the Woolies CC is with Citi so good call. Tough decision on cancelling that just to get this though…

      • Got woolies, coles and latitude. never use my woolies one now that i got the coles black card.

      • No, Woolies CC is issued by Macquire Bank.

  • WIll it take a hit on your credit history?

    • of course, it's a credit card

      • I have two cards already. Just thinking of cancelling one and taking this deal. Any thoughts about pros and cos?

        • Some people have 20 + cards. Keep the card if it costs you nothing. Check your credit score if you're that paranoid

          • @aoe111: Just a reminder that each card reduces the amount you can borrow by 3 times the cards limit. So remember to cancel all your cards before going to the bank for a loan.

    • Probably more of, it will take a hit on your credit history if you're rejected.

      And it will have an impact on loan application as the credit limit is considered in getting loans.

      • it shouldnt get rejected though as i earn well and am a permanent employee. But you never know :)

  • Just about met criteria for the Coles rewards deal. This should be good for a phone + credit

  • Does anyone know if you're still eligible if you already have a citi-powered card (Qantas)?

    • shouldnt be a problem, I had a proper citibank and then the citibank backed coles one, and got the kogan one no probs (not this promo, but the original)

      • I just got the coles, qanatas and this card today within the last months. All approved

  • +1

    I have applied for the Citi rewards signature earlier this year and cancelled it a month ago - will that affect the $500 credit for this card?

  • Error on sign up…. anyone else ?

    • Nope. All done

      • did you get a confirmation email ?

        • Yes. All done. Awaiting approval

    • Me too on mobile, will try PC

      • I’m on mobile (iPhone via safari)

    • +1

      I am having the same problem. Still failing after 4 attempts so far.

    • I am getting
      An error has occurred while processing your application. We apologise for any inconvenience caused.

    • I am getting
      An error has occurred while processing your application. We apologise for any inconvenience caused.

  • +4

    would buying $550 woolies egift card work be a valid purchase?

    • Dont see why not? Not part of the exclusions…

    • Please share once you've done this. Kogan support in app chat couldn't answer the question what do they mean by special promotion. I their terms and cond. they say "Special Promotions means any transaction or promotional
      offer We identify as a special promotion", e.g. Special Promotion is something they think is a special promotion. How good is it?

    • You're also topped out at $500, cant spend more online.

  • I have been watching my credit score for a few years on creditsavvy and I know it dipped for a fair while when I applied for a CBA credit card. I am contemplating signing up for this card and either cancelling it after I get the voucher, or cancelling the CBA card and keeping this one.
    I am assuming it will dip my score again, which is understandable. I am just wondering if this is something that could potentially impact a possible future home loan app or anything of the like?

    Edit: saw comments above

    • I've applied for a coles rewards card and 28 degrees and closed my ING account all this year. Actually bumped my rating to just over 800

  • May as well give it a shot since it's free!

  • DO you have to spend $500 at Kogan to get the credit or is it spend $500 anywhere?

  • +2

    You can spend the $500 on non-Kogan products in order to get the credit

    Eligible purchases means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

    • -2

      Oh! I'm going to China during Christmas. Does this mean I can use this to exchange 500 bucks in Chinese currency, or does it mean forex market?

      • purchases of foreign currency and travellers cheques

        • -2

          Dude, I read that and legitimately don't understand those four words. That's why I asked. I'm a genius, I'm well aware.

          But I guess that's a yes, based on all the downvotes and condescending comments lol.

          • +1

            @Wonderfool: It's a no - foreign currency (forex) is excluded.

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