Woolworths Everyday Money™ credit card – Details and Application
The Woolworths Everyday Money™ credit card is the first consumer finance product from Woolworths Everyday Money™.
This credit card allows you to earn points no matter where you shop, not just at Woolworths, although it is ideal if you enjoy shopping at Woolworths because you earn 2 points for every dollar you spend at participating Woolworths group stores. Every four months – provided you have accumulated enough points – you will be rewarded with a shopping card to be used in any number of stores under the Woolworths group umbrella.
It is a well known fact that for most families the food bill is the second biggest spend from their income, following on from their home mortgage or rent. With this in mind it could be worthwhile you reviewing having a Woolworths Everyday Money™ credit card.
So what are Woolworths offering that can be so beneficial to the family and the credit card holder. A Woolworths Everyday Money™ credit card offers substantial benefits to the credit card holder.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
5.99% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
19.84% p.a. |
| Annual Fee | |
$49 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.34% p.a. |
| Card Type | |
Standard |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
Review of the Woolworths Everyday Money™ credit card
Earn points with a rewards program which will reward you when you need it: Your everyday life and purchases.
When comparing this card with others it is quite similar. It attracts a 19.84% p.a. interest rate, but you do get up to 55 days interest-free on purchases so that makes the interest rate competitive with others in this field.
The Woolworths Everyday Money™ credit card offers various levels of points per dollar spend with the highest, 3 points per $1 spent on Select products from Woolworths or Safeway Supermarkets as long as they are not on special. All other products in these stores attract 2 points per $1 spent. Two points for $1 spent is also given at Big W, Caltex Woolworths/Safeway co-branded fuel outlets, epump, Woolworths/Safeway Liquor, BWS, Dan Murphy’s and Thomas Dux. Some Dick Smith and Tandy stores also participate in the program. There are options to get 1 point per $1 spent on certain products but it would pay to check these out.
If you already have a regular Woolworths Everyday Rewards card, then you will be able to link that to your new Woolworths Everyday Money™ credit card so you will be able to redeem any fuel saving offers earned on your Everyday Rewards card at the pump using epump*.
Features include:
- 19.84% p.a. on purchases*, and a $49 annual fee.
- Rewards Program: Earn up to 3 reward points for every $1 you spend^ on your Everyday Money card, every 4 months, if you have enough points, you will automatically be sent a shopping card to use in the wide range of Woolworths group stores.
- Up to 3 points per $1 spent^
- Earn a shopping card every 4 months#
- A choice of colours for your credit card – black, pink, blue and green.
- Up to 55 days interest-free on purchases.
- Annual fee of $49.
Earn up to 3 points for every $1 spent
At 4 month intervals you’ll receive a new shopping card (provided you’ve earnt enough points) which you may redeem at the stores listed below. Points are redeemable for practically anything: electronics, groceries and petrol.
- You’ll earn 3 points for every dollar you spend on Woolworths products purchased in-store at Woolworths/Safeway Supermarkets, excluding Online.
- You’ll earn 2 points for each dollar spent** on goods at Caltex, Big W, Safeway Liquor, Dick Smith Powerhouse along with participating Tandy and Dick Smith Electronics stores.
- You’ll earn 1 point for each dollar spent on every other purchase
Some exclusions may apply.
How does the Rewards Program Work on the Woolworths Everyday Money™ credit card?
How this card works is that you can earn rewards points on your credit card and they accumulate towards shopping cards. If you accumulate enough points, you are automatically issued with a shopping card every four months.
You can earn 1 to 3 points for every dollar spent, depending on the store you make the purchase at. Typically, you’ll earn 1 point for every dollar spent anywhere, 2 points for stores and groups related to Woolworths, and 3 points for directly Woolworths purchases.
At four monthly intervals, your points are converted into a card which basically works as a gift card. It expires after 3 months from the date it’s sent.
What amounts are the shopping cards available in?
The minimum shopping card value is $20 (3,448 points) and it is then offered in increments of $5 (862 points). As an example, if you have accrued 5,000 points as at the end of October, February or June, we will send you a shopping card for $25 (4,310 points) and the remaining 690 points will remain available for redemption in the next rewards period.
Woolworths is a well known brand in the sense that they sell things that are ‘everyday items’ for the family and their Everyday Money Card supports these purchases. Along with the above benefits you also have the option of choosing from a small range of colours for your own personalised card, plus you can have one additional card holder at no extra cost.
You will also be able to manage your account at the Woolworths Everyday Money website, which will allow you to do the following:
- View your credit card statements online.
- Set up any automatic direct debits you wish to pay on a regular basis.
- Pay your bills online using BPAY®.
- Change your PIN and access codes to ones more memorable.
- Check your transaction history and the state of your credit card rewards.
The Woolworths Everyday Money credit card is issued by HSBC Bank Australia Limited ABN 48 006 434 162 “HSBC”. ACL 232595. HSBC is the credit provider and a registered person under the National Consumer Credit Protection Act 2009. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. HSBC lending criteria applies. Fees, charges and interest rates apply and are current as at 1 October 2011 and are subject to change. Terms and conditions apply.
1. No Money Back reward points are earned on business expenses, interest free promotions, balance transfers and cash transactions.
2. The Everyday Money Shopping Card is redeemable at participating stores only and expires 90 days after the date of issue. Participating stores may change from time to time. The Shopping Card is currently not accepted at some designated Dick Smith stores and CALTEX WOOLWORTHS/SAFEWAY co-branded fuel outlets. The Shopping Card cannot be used at DVD vending machines and mobile EFTPOS terminals. For a full list of participating stores where you can use your Shopping Card, details of the points you’ll need to obtain one and to find out its value visit everydaymoneyshoppingcard.com.au. Minimum of 4,000 points is required to receive a $20 Shopping Card.
3. The bonus $50 Shopping Card is only available to new approved primary cardholders who apply between 17 October 2011 and 31 December 2011, who activate and make a purchase on their credit card before 29 February 2012. Purchases exclude Dick Smith interest free promotions. Your account must be current and not in arrears in order to receive the bonus Shopping Card. Allow up to 8 weeks from the date of your purchase for receipt of your Shopping Card.
4. No reward points are earned on business expenses, interest free promotions, balance transfers and cash transactions. 2 points for every dollar excludes purchases at Woolworths Online, BIG W Photos, BIG W Movie Rentals, DVD Vending Machines, mobile EFTPOS terminals and Dick Smith resellers. For a list of resellers visit everydaymoney.com.au.
5. epump is only available at participating CALTEX WOOLWORTHS/SAFEWAY co-branded fuel outlets and is not available in Tasmania. Some fuel outlets may not offer epump facilities on all fuel types.
6. Depending on when you make your purchases, when your statement is issued, and if you pay off the total outstanding balance on your next statement of account on or before the due date. There are no interest free days on cash advances and balance transfers. You will not gain the benefit of the interest free period unless you pay the full balance (including any Balance Transfer or promotional purchases) by the due date.
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $1,000 | Max Credit Limit |
| Annual Fee | $49 | Balance Transfer Fee | |
| Minimum Repayment | 2.5% | Interest Charged From | Purchase Date |
| Late Payment Fee | $35 | Over Limit Fee | $35 |
| Overseas Emergency Replacement | $50 | Overseas ATM Balance check | |
| Overseas ATM Withdrawal | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | MCARD:1 Partners: up to 3 Point(s) | Points needed for Syd/Mel Return Flight | |
| Points needed for $100 Voucher | 20000 |
The woolworths card is crap.
I have an combined income of 110,000p.a and $60000 cash in the bank and they gave me a credit limit of $500. What the ##$%%??
RE: Paul
IF you have that much money, why do you want a credit card anyway? Save your money instead. There are thousands of people earning minimum wage who would dream of having that much money in the bank (or even a quarter of it), and you are complaining? Typical big-money maker.