Woolworths Money Credit Cards

Information correct at 11/09/2016.

woolworths-money-logo

Woolworths Money Credit Cards are provided by Woolworths Money and underwritten by Hollard Insurance Company. Woolworths Money is also a provider of car insurance, home insurance, life insurance, travel insurance, and pet insurance.

“Woolworths Money Goes Further.”

Product Features: What Woolworths Money credit cards offer

Woolworths Money credit cards come in two forms:

  1. Everyday Credit Card (obtained by applying for Everyday Platinum Credit Card without approval for $6,000 credit limit)
  2. Everyday Platinum Credit Card
  3. Qantas Platinum Credit Card

At the time of writing, a sign-up bonus applies to the Everyday Platinum Credit Card, providing $100 in Woolworths Dollars if you are approved and make an eligible purchase within 2 months.

At the time of writing, a sign-up bonus also applies to the Qantas Platinum Credit Card, providing 10,000 bonus Qantas frequent flyer points if you are approved and make an eligible purchase within 2 months.

Woolworths Money also offers Visa prepaid debit gift cards and wish gift cards.

Woolworths Money Everyday Credit Card

Features

  • Card type: Visa
  • Minimum credit limit: $1,000
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Security: Card protected by complimentary purchase security insurance for theft or damage of purchased item within 90 days of purchase; Wallet Guard for replacement of up to $500 worth of personal effects, cash, valuable documents, or wallet after theft; chip technology; and Visa Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: 55 if balance paid in full every month
  • Balance transfer introductory rate: 00% for 14 months
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $5
  • Annual fee: $49
  • Minimum monthly repayment: Greater of 2.50% of balance or $30
  • Late fee for overdue minimum payment: $35

Woolworths Money Everyday Platinum Credit Card

FeaturesWoolworths Money Platinum Credit Card

  • Card type: Visa
  • Minimum credit limit: $6,000 (If approved credit limit is less than $6,000, customer will be issued with a Woolworths Money Everyday Card instead.)
  • Rewards program:
    • Everyday Rewards: Earn 3 Everyday Rewards points for every dollar spent at Woolworths supermarkets. Earn 2 points for every dollar spent at other Woolworths Group brands. Earn 1 point for every dollar spent on all other purchases. Receive $20 Shopping Card for participating Woolworths Group brands every 4 months when you redeem 4,000 Everyday Rewards points. Or redeem $10 in Woolworths Dollars off your bill at Woolworths Group brands.
    • Concierge Service: 24/7 concierge service available via phone or online.
    • Dine Play Stay Program: Register for the program to receive 20% discount off your bill (up to $25) at over 2,000 fine dining establishments, restaurants, and cafes.
    • Visa Luxury Hotels: Benefits include free internet, daily continental breakfast for 2 people, and room upgrades when available.
    • Insurance: Up to 10% discount applies to any new Woolworths car, home, pet, or travel insurance policy if you pay the premium with a Woolworths Money Credit Card every year. Discount also applies to renewal of new policies. Does not apply to existing insurance policies.
    • Liquor: 50% off selected wine cases at Cellarmasters.
    • Visa Entertainment: Exclusive offers on concerts, movies, and sporting events for cardholders.
  • Convenience: Visa and Everyday Rewards in one card means you get to carry one less card in your wallet.
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Security: Card protected by complimentary purchase security insurance for theft or damage of purchased item within 90 days of purchase; Wallet Guard for replacement of up to $500 worth of personal effects, cash, valuable documents, or wallet after theft; chip technology; and Visa Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: 55 if balance paid in full every month
  • Balance transfer introductory rate: 00% for 14 months
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $5
  • Annual fee: $0 for first year; $49/year thereafter
  • Additional cardholder fee: $9
  • Minimum monthly repayment: Greater of 2.50% of balance or $50
  • International fees: 3% fee on all purchases and cash advances made overseas, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $2.50/month
  • Late fee for overdue minimum payment: $35
  • Over credit limit fee: $30/month
  • Dishonour fee: $10/dishonoured payment

Woolworths Money Qantas Platinum Credit Card

FeaturesWoolworths Money Qantas Credit Card

  • Card type: Visa
  • Conditions: If approved credit limit is less than $6,000, customer is not eligible for a Woolworths Money Everyday Platinum Card and will instead be issued with a Woolworths Money Everyday Card.
  • Rewards program:
    • Qantas Points: Earn 1 Qantas Point for every dollar spent on eligible purchases, up to the first $2,500 spent per month, then 1 Qantas Point for every $2 spent on eligible purchases for the rest of the month.
    • Concierge Service: 24/7 concierge service available via phone or online.
    • Dine Play Stay Program: Register for the program to receive 20% discount off your bill (up to $25) at over 2,000 fine dining establishments, restaurants, and cafes.
    • Visa Luxury Hotels: Benefits include free internet, daily continental breakfast for 2 people, and room upgrades when available.
    • Insurance: Complimentary insurance options include complimentary travel insurance.
    • Liquor: 50% off selected wine cases at Cellarmasters.
    • Visa Entertainment: Exclusive offers on concerts, movies, and sporting events for cardholders.
  • Convenience: Visa and Everyday Rewards in one card means you get to carry one less card in your wallet.
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Security: Card protected by complimentary purchase security insurance for theft or damage of purchased item within 90 days of purchase; Wallet Guard for replacement of up to $500 worth of personal effects, cash, valuable documents, or wallet after theft; chip technology; and Visa Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 49%
  • Interest free days: 55 if balance paid in full every month
  • Balance transfer introductory rate: 00% for 14 months
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $5
  • Annual fee: $99 for first year; $139/year thereafter
  • Additional cardholder fee: $29
  • Minimum monthly repayment: Greater of 2.50% of balance or $50
  • International fees: 3% fee on all purchases and cash advances made overseas, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $2.50/month
  • Late fee for overdue minimum payment: $35/statement
  • Over credit limit fee: $30/month
  • Dishonour fee: $10/dishonoured payment

Eligibility to apply for Woolworths Money Credit Cards

To apply for either of the Woolworths Money Credit Card products, you must be able to satisfy the following criteria:

  • At least 18 years of age.
  • Permanent resident of Australia.
  • Good credit history.
  • Earn a minimum taxable income of $20,000 p.a.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

CANSTAR is an information provider and in giving you product information CANSTAR is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a credit card you will deal directly with a financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Woolworths Money

woolworths-money-logoWoolworths are best known for their supermarkets, but they are also now the trusted financial institution for many Australians. Woolworths Money Credit Cards were launched in 2008.

Woolworths does not have its own general insurance licence from APRA so its credit card insurance offerings are underwritten by Hollard Insurance Company, one of the largest insurers in Australia.

Woolworths employs over 198,000 people across Australia.

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Written by: TJ Ryan