Are you looking for a Balance Transfer? Click here to see our Balance Transfer offers. What is a Balance Transfer? Balance Transfers can help you save on interest charges, by letting you move the balance(s) on an eligible credit card or other eligible credit account to your Kogan Money Credit Card at a promotional interest rate for a set period. At the end of the period, the interest rate on any outstanding transferred balance (and any related fees) will revert to the applicable Annual Percentage Rate for Cash Advances. Please note that a Balance Transfer Fee may apply, calculated as a percentage of the transferred balance, that is added to the total amount. How does a Balance Transfer work? A Balance Transfer allows you to transfer your other credit card balances to a lower interest rate to help manage your debts. Benefits of the Kogan Money Credit Card with a Balance Transfer There are a number of benefits of a Balance Transfer that could make life admin easier for you whilst paying down your debt quicker. In addition to the benefit of a Balance Transfer you can enjoy benefits such as: Lower interest rates Utilise the lower interest rates that come with a balance transfer, lowering the overall interest you are paying, to help reduce your debt. Limit the fees you are paying You can manage your credit card debt in one account by closing your other credit card(s) after the Balance Transfer is processed which may reduce the overall fees and interest you pay. Card rewards & perks Only the best products have great rewards. Like the Kogan Money Credit Card with our Balance Transfer offer. Enjoy a free Kogan FIRST membership and more. Kogan Money Credit Card - Balance Transfer FAQs How to request a Balance Transfer? If you are an existing customer and are eligible for a balance transfer offer, you can chat to us via the Kogan Money Credit Cards Mobile App or Online. If you are a new customer, you can check out our Balance Transfer offers here. How much can I transfer? You can request a transfer amount of between $500 and 80% of the available Credit Limit on your Kogan Money Credit Card. What is a Balance Transfer Fee and how is it calculated?

Some Balance Transfer offers include a Balance Transfer Fee. This fee is calculated as a percentage of the total amount being transferred and is added to the balance transfer amount. The balance transfer fee, if applicable, is also displayed on your Financial Table. For example, a Balance Transfer amount of $10,000 with a 1% Balance Transfer Fee will be changed a Balance Transfer Fee of $100 and result in the outstanding balance of your Kogan Money Credit Card increasing to $10,100. How long will a Balance Transfer take to process? We usually process a Balance Transfer request within: 7 business days from the date your application is approved, if the request is made as part of a credit card application. 3 business days from the date of your request, if you receive an offer and make the request after your account is opened. If you haven’t used your credit card account before we process your Balance Transfer request, you will accept the credit card offer and enter your credit card contract when your Balance Transfer request is processed. Will my Balance Transfer affect my interest-free days? No, if you pay the Interest Free Day Payment amount advised on your statement you will maintain the interest free days on Retail Purchases. Interest free days only applies to Retail Purchases. You will pay interest on a balance transfer if the promotional balance transfer rate isn’t 0% p.a. When your Balance Transfer Term ends, any remaining balance will be charged interest at the applicable Annual Percentage Rate for Cash Advances. You will need to pay more than the Interest Free Days Payment shown on your statement if you want to repay your Balance Transfer before the end of the promotional period (although it will depend on the Balance Transfer Term and whether any other transactions made to your account). What are the eligible credit cards from other financial institutions that I can transfer the balances of to a Kogan Money Credit Card? Most credit cards from other financial institutions are eligible to have balances transferred to a Kogan Money Credit Card, provided that the card details match the BPAY reference number details of the financial institution. Where those details do not match, we are unable to process a balance transfer. We are aware of some financial institutions where card number and BPAY reference number do not match and which as a result are not eligible for a Balance Transfer, including: Latitude Finance Great Southern Bank Please note, that this is an indicative list only and may change from time-to-time. Balance transfers are not available for Buy Now Pay Later, line of credit, or personal loan products. When will my credit card payments be applied to my Balance Transfer? As the promotional interest rate offered on a Balance Transfer is generally low, and may be 0% p.a. during the promotional period, payments will be applied to the amounts appearing on your statement that have a higher interest rate such as Retail Purchases or Cash Advances before being applied to your Balance Transfer balance. Payments will then apply to any new transactions you make after the last statement in order of interest rate. For example, your statement has a Closing Balance of $1,500, which is made up of $500 worth of Retail Purchases at 21.99% p.a and a $1000 Balance Transfer balance at 0% p.a. If you were to pay $1,000 it would first reduce the Retail Purchase balance to $0 and then the Balance Transfer ‘balance to $500’. If you were to then make a $100 Retail Purchase and make an additional payment of $100, this would reduce your Balance Transfer balance to $400 and not the Retail Purchase as this was made after your last statement. Do you need a balance transfer? Click here to see our Balance Transfer offers. ®BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.