Kogan.com launches new credit card & loyalty program
The Kogan Money Black Card offers a huge list of incredible benefits
Melbourne, Australia, 1 October 2019 — Kogan Money has today launched Kogan Money Credit Cards (kogancreditcards.com.au), offering Australians a new way to pay and get rewarded for their purchases.
Kogan Money Credit Cards, in partnership with the world’s largest provider of credit cards, Citi, offers a rewards credit cards with no annual fee as well as a rich uncapped rewards program.
Available from today, the Kogan Money Black Card provides value for customers. It is a new rewards Visa credit card offering Australians access to a range of loyalty incentives and special offers on everyday purchases at Kogan.com, including:- No annual fee – An unbeatable benefit for an uncapped rewards credit card.
- Bonus $300 Kogan.com Credit to spend on Kogan.com – In addition to ongoing uncapped rewards, as a bonus launch offer, new customers who spend $3,000 on eligible purchases in the first 90 days from approval will receive $300 in Kogan.com Credit to spend on any goods and services at Kogan.com.
- Uncapped rewards points to pay for things you need – Customers earn 2 rewards points per dollar on purchases of Kogan Exclusive Brands at Kogan.com and 1 rewards point per dollar on all other eligible everyday spend, uncapped. Rewards points are redeemable at a rate of 1 cent per point.
- Redeem points at Kogan.com, and on Kogan Mobile and Kogan Internet purchases – Customers can pay with points in real time at the Kogan.com checkout. Customers can also redeem points against payments made using the Kogan Money Black Card on the Kogan Mobile and Kogan Internet websites, also at a rate of 1 cent per point.
- Strong redemption rate – Rewards points are redeemable at a rate of 1 cent per point. So, for example, spend $500 on Kogan Exclusive Brands 2 and earn points equal to $10, that can be redeemed on a future purchase on Kogan.com.
- Complimentary Kogan First Membership – Valued at $99 per year, Kogan Money Black Card customers enjoy free shipping on 1000s of eligible products with no minimum purchase, free upgrades to express shipping on eligible products that already have free shipping, access to exclusive member deals and priority customer service.
- No balance transfer fee – 0% p.a. for 12 months on balance transfers with no balance transfer fee. (No interest free days apply while you have a balance transfer. Reverts to cash advance rate.)
- Buy now pay later – Cardholders will be able to ‘Buy Now Pay Later’ at the Kogan.com checkout, using their existing credit limit. Cardholders simply have to register their card and then opt in for an instalment plan at checkout.
- Interest free days on retail purchases – Customers receive up to 55 days interest free from the date of purchase.
- Up to 4 additional cardholders at no cost – Customers can request up to four additional cardholders at no additional cost. All eligible spend by additional cardholders contributes to the primary cardholder’s rewards!
- Double purchase protection – Security and fraud protection provided on all purchases through FRAUDSHIELD® and Visa Zero Liability.
The Kogan Money Black Card is designed to empower customers to stay on top of their spending without the worry of paying an annual fee. An easy-to-use mobile app, available on iOS and Android, allows cardholders to monitor purchases, receive transaction updates through real time push notifications and chat 24/7 with the Kogan Money Credit Cards team.
“Kogan.com delivers what Australians need at some of the most affordable prices and rates available in the market, and Kogan Money is extending this concept to a range of in demand financial products and services” said Ross Metherell, Director of Strategy at Kogan.com.
“The Kogan Money Black Card and the new rewards program launched in conjunction with it, provide Aussies with a new Visa credit card with access to rewards that provide unmatched value. Digital efficiency continues to be Kogan.com’s key driver in being able to deliver a rich uncapped rewards program while also charging no annual fee and simultaneously providing a bonus launch offer of $300 Kogan.com Credit to cardholders.”
According to Choong Yu Lum, Head of Cards and Loans at Citi, “It’s fantastic to partner with an innovative company like Kogan.com to offer a card that is great value for consumers, offering a rich uncapped rewards program with no annual fee.”
Any thoughts on this launch? Seem like a pretty good deal with a no annual fee rewards card, although limited rewards.
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