Kogan Money Black Credit Card: Up to $400 Kogan Credit ($1,500 Spend in 90 Days*), 0% Balance Transfer for 1 Year, $0 Annual Fee

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Kogan Money Black Card.
Up to $400 Kogan.com Credit

  • $50 Credit on first eligible spend in 30 days and $350 Credit when you spend $1,500 on eligible purchases in 90 days from card approval.

Seems like a decent churner for the wife.


Terms

To be eligible to receive the $50 Kogan.com Credit, you must apply for a Kogan Money Black Card by 4 October 2021 and spend on an eligible purchase within 30 days from card approval.

To be eligible to receive the $350 Kogan.com Credit, you must apply for a Kogan Money Black Card by 4 October 2021 and spend $1,500 on eligible purchases in 90 days from card approval. Eligible purchases excludes Cash Advances, Balance Transfers, Special Promotions (for example, transfers to other accounts with a Fixed Payment Option), refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi Accounts, bank fees and charges such as interest and ATM charges, and transactions made using Rewards Points.

The Kogan.com Credit will be credited to your Kogan.com account up to 10 weeks after the end of the qualifying period, and will expire 12 months from the date it is applied.

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 Kogan.com Credit to be credited.

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 4 October 2021. Post this advertised date; Citigroup reserves the right to continue, withdraw or change the offer at any time without notice.

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Comments

  • +11 votes

    I'd say the Amex gold qantas with 90k points is a much better deal. With the added benefit of not being anything to do with Kogan

    • +5 votes

      Sure, but gotta churn something in the 18 months in-between.

      (Although preferably something with a bonus a little more enticing than bloody Kogan store credit 🙄)

      •  

        I thought kogan credit would be useless but ended up buying a bunch of stuff for the wife, a lot of stuff there is overpriced but hey, it doesn't matter if you're using free money

    • +3 votes

      Yes there are better deals out there worth your credit check. The ANZ rewards deal which I still have I think is the best non QFF right now.

      This has something going for it - $1500 minimum spend, no annual fee, Kogan first free membership, No fee for supplementary cards. Caveat is it’s Kogan credit. Which may not be too bad since Kogan sells everything and you get free delivery because of Kogan First.

      Yes not for regular churners maybe but good enough for a hit on my wife’s credit file.

    • -2 votes

      added benefit of not being anything to do with Kogan

    •  

      You'd hopefully churn that and the anz black prior to this one.

      Still this has its merits, free money is free money

  •  

    Eligible Transaction means any purchase excluding (but
    not limited to) Cash Advances, Balance Transfers, Special
    Promotions, BPAY payments…..

  • +3 votes

    What's everyone complaining about… $400 worth of alcohol, delivered free lol

    •  

      Lol. Now you have given me an idea on what to spend the credit with.

      The low $1500 in 90 days spend limit made me take the time to post the deal. I thought it will be useful for everyone since it's so easy to achieve. $125 eligible spend per week. It will be very hard to find someone with expenses below that.

      • +1 vote

        And kogan doesn't seem too fussy with approvals, got rejected for ANZ but kogan was approved pretty quick

  • +2 votes

    Got this card last time around, it's great. No annual fee and Kogan First, plus accrue points pretty worth money off pretty quickly after the initial bonus

    Only downside is no Google Pay

  • +1 vote

    Did this for the $500 voucher last time and got a dyson v10 for $200… Pretty happy with the card, hasn't cost me anything and I accrue points enough to buy goodies every now and again off Kogan.

  • +2 votes

    Took out the introductory offer when it was $500 credit for $900 spend. To be honest the application process was simple (citibank) and easily met the spend goal with the money showing up some 30 days later.

    Yes it was hard finding something worthwhile buying on kogan but i eventually found some stuff that i needed.

    And for all those complaining about dealing with kogan if anything you should be taking out this card because its a chance to finally get a return on the pain they've caused everyone else

  •  

    Has anyone tried canceling and reapplying less than 12months and qualify for the bonus credits recently? I cancelled my Kogan cc 3months ago, wonder if I could re-apply and get the bonus credits.

    • +1 vote

      I actually called them three weeks back asking about this exact same question. They confirmed that it is NOT a condition for you to not be a Kogan card holder within any past period. In my case, I would be eligible for the sign up bonus if I literally cancelled my card, and signed up again immediately.

      That was during the last promotion that expired at the end of June, although this new one looks like it has the same terms and conditions so it should still apply.

      An odd choice on their part but yeah, I'm just waiting to finish churning my HSBC before I sign up to this again.

  • +1 vote

    Tried to apply this almost 2 years ago and got rejected. Trying it again now and it will get approved this time, finger crossed.

  •  

    How rigorous is the application process?

    •  

      Same question. With covid have no stable income at all

  • +2 votes

    $400 credit and Kogan membership for free… why not! and definitely better than the $250 paypal deal in my view.

  •  

    would paying back BNPL services count as 'spend'

  •  

    Take a while to get the credit. Up to 10 weeks.

  •  

    WTF I just got rejected again, after talking with their application support guy on the phone & sending them whole lot of documents.

    Should I ask them why my application was rejected? Already having a Citibank card — would that be the reason?

    •  

      Hi Scotty! =] I’ve had 4 Citibank-issued card at one stage (1 premier from old signature fee-free for life, 1 premier Qantas, 1 Coles and 1 Kogan), so I don’t think that would be the main reason.
      Don’t forget to put rental income (if any) and I normally put living expenses to a minimum.

      •  

        I've already sent in my full tax return + notice of assessment. OzBargainer level of living expenses & haven't been in debt for 10+ years.

        I am not on salary though, as OzBargain pays me fully franked dividend and the amount is dictated by the accountant. I would think many self-employed people would be in similar situation. This is annoying.

        My wife has also been trying to apply for ING's credit card as she got the targeted bonus offer, but application got thrown back as "expense is too low". What?!

        •  

          That sucks. They must not like people who are self-employed.

  • +1 vote

    Does anyone know the minimum credit limit? I stupidly said "just give me the max" and now I have a $30k credit limit that I don't particularly want.

    • +1 vote

      Minimum is $6k

    • +2 votes

      Should be easy enough to lower it once activated. I think they all have to give you the option to lower limit and close the account online now.

  •  

    Anyone know if the kogan credit is transferrable?

  •  

    Got rejected - first time ever.. Have good credit score. I have already planned what I was going to buy for the $400… :(

    •  

      Did you get rejected instantly?

      •  

        If was a day after I submitted my pay slips and employment contract

        •  

          Ok thanks … see how we go today ………

  •  

    Is the first $50 given to you as long as you use the card in first 30 days?

    •  

      yes and then spend $1500 in 90 days to get the other $350. If you will struggle to spend $1500, you can always get woolworths or coles vouchers. As long as you pay off the full balance, completely free $400

  •  

    anyone know when will the credit reach our Kogan.com account ? i hit the 1.5k minimum spend a couple weeks ago, but haven't received the credits yet…is it similar to other credit card deals, whereby it is on the next statement date ?

    •  

      Did you get the credit? I am too waiting for the credit after the required spend
      Thanks

      •  

        10 weeks :D

      •  

        nah i haven't gotten it yet , although should note that I am still waiting for my first statement. in my previous experience the bonus usually gets activated on the statement date, although it may be different for Kogan.

        •  

          Ok thanks, still not received the statement yet, will set a reminder. Waiting for the HSBC bonus as well statement received and due/being paid next week.

          •  

            @PerthectDeal: FYI I received my $400 credit (came in 2 separate emails on the same day, one for $350 and one for $50) yesterday. i met the minimum spend about 5 weeks ago. this isn't my statement week.

            •  

              @k2k8k5: Interesting. I received my $50 voucher and first statement today. I made the initial spend about 3 weeks ago. I thought I had hit the spend for the $350 voucher before the statement, but turns out one of my transactions was considered government related.

        •  

          I received the $350 and $50 today as well.

          Also got first statement today.

          About 4/5 weeks since approval and first spend. Pretty decent I reckon. Even though I still don’t particularly like Kogan as a company.

    •  

      10 weeks after the spending

  •  

    No exclusion period I can see.

  •  

    Does anyone know if there's a timeframe on using the vouchers?

    •  

      They expire 12 months after they are applied to your account

  •  

    Anyone get a balance transfer and can comment on how long it took?

    Did you need to do anything other than the initial sign up process?

  •  

    Offer extended to 31st August 21

  •  

    How long until you get the credit? and how are they sent to you?

    Met the minimum spend but haven't got anything yet.

    •  

      Got my 50 after 2 weeks
      it says the rest will be given 10 weeks after spending is met

      •  

        But how do you get that 50?

        • +1 vote

          Have you linked your Kogan account? It should just show up as credit.

  • +1 vote

    Signed up last night,
    Kept failing to upload payslips and i gave up
    Woke up to approval this morning.

    Feels like Citibank are really stepping up their credit card game.

  •  

    Are purchases outside of the Kogan website considered 'eligible purhcases'? i.e buying groceries from coles for $1,500 gets you the $400 kogan credit?

    • +1 vote

      Yes, they will be. It's just like any other credit card out there.

      •  

        Awesome! Thanks for confirming that!

  •  

    $350 credit arrived today. My second statement came yesterday, and I hit the spend requirement within that month.

    This, plus the $100 from the Amex deal, the $50 welcome credit, and the ~$50 credit from card points means I have $550 to spend. I just need the item I want come back in stock, and hopefully at a decent price.

    • +1 vote

      Ended up buying the product I wanted elsewhere, and splurged with the credit on a bottle of Octomore and Limeburners Darkest Winter that I both love, and would never spend my own money on.

  •  

    Does the credit remain in your account if you can the credit card? Also is there a 12 month waiting period if you reply to get the bonus money?

  •  

    Still waiting for Kogan to offer $500 credit.

    •  

      You can apply now, get the $400 bucks, cancel the credit card and then rinse and repeat if they are still offering this deal. Check T and C's though because last time I checked there was no 12 month waiting period. Also subject to your credit score or whatever metric they use to approve applications.

      •  

        But if you cancel the credit card does the $400 credit goes away if you don’t use it.

        My plan apply and spend $1,500 get $400 credit then cancel and reply and get another $400 or whatever the offer is then I would have $800 to spend when I want

        •  

          Not sure but last time I used it in case they took it away from me. YMMV.

        •  

          Yes I will use it before I cancel. And if you cancel, you might lose Kogan First so there goes free shipping.

  •  

    Kogan told me this promotion is for new customer only… after confirming I was eligible. Nothing in terms and conditions. Filing AFCA complaint.

    •  

      That's crazy
      I might be in the same boat
      Applied in April and still no Kogan credit as of now, the Live chat rep said Sept 27 I should get it

      •  

        I had the exact same situation. I lodge a complaint and then they told me I wasn't eligible

  •  

    As per previous comments above, appears they are now cracking down on multiple churns:

    "Thank you for waiting, I apologize for the long wait. I do see that a previous officer has confirmed the credit and that required spend has been met, however upon further review the account itself is not eligible to receive any further credit promotions since our credit offers are only for new customers. This means, if you have previously held a Kogan Money Credit Card, you will not be eligible any current offer."

    Have requested this be escalated, will keep everyone posted.

    • +1 vote

      Yes please do keep us updated
      Mine's also been escalated and they said they'll contact me in 3 - 4 days
      I remember for our offer when we applied there was nothing in the Promo offer or T&Cs that stated it was for New customers only or excluded previous customer who had held a CC with Kogan before. I wouldn't have really applied if I saw that exclusion as it's one of the reasons that entice you back to the card