Woolworths Everyday Money™ credit card – Details and Application
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Once approved, you will receive your credit card in the mail within 1-2 weeks
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.
To be successfully approved for this credit card, you will need an excellent credit history and a minimum secure income of $30,000 p.a..
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 | |
0% p.a. for 9 months (reverts to 19.84% p.a.) |
| Annual Fee | |
$49 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.34% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$30,000 p.a. |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
| Additional Cardholder Fee | |
$0 p.a. |
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 0% p.a. for 9 months (reverts to 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:
- 0% p.a. for 9 months (reverts to 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.
Read the official terms and conditions
Terms and Conditions
The Woolworths Everyday Money credit card is issued by HSBC Bank Australia Limited. ABN 48 006 434 162 (“HSBC”) Australian Credit Licence 232595. HSBC lending criteria applies. Fees, Charges and Interest Rates apply and are current as at 1 March 2012 and are subject to change. Terms and conditions apply and are available at everydaymoney.com.au. An annual fee which is currently $49 applies for the Woolworths Everyday Money credit card. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. PayPass is the trademark of MasterCard International Incorporated.
1. This offer is only available to new cardholders who apply between 6 March and 31 May 2012. After the promotional period, any purchase/promotional balances outstanding will accrue interest at the Purchase Interest Rate current at the time (currently 19.84% p.a.). Offer cannot be used in conjunction with any other offer. Account must be in good order and not in arrears at time of fulfilling offer. Eligible purchases exclude business expenses, interest free promotions, balance transfers and cash transactions.
2. Earning of rewards points from credit card transactions is subject to the Woolworths Everyday Money credit card Conditions of Use. No points are earned on business expenses, interest free promotions, balance transfers and cash advances. Earn 3 points per $1 spent on Woolworths Select products purchased at Woolworths Supermarkets, excluding online purchases. Earn 3 points per $1 spent on Woolworths Mobile products purchased in-store at Woolworths Supermarkets, BIG W, Woolworths Liquor and BWS.
3. Earn 2 points per $1 spent on other products purchased at Woolworths Supermarkets, BIG W, CALTEX WOOLWORTHS co-branded fuel outlets, epump, Woolworths, Dan Murphy’s, BWS, Thomas Dux, Cellarmasters, Masters and participating Dick Smith stores. Some exclusions apply.
4. Earn 1 point per $1 spent on all other purchases (excludes interest free promotions, balance transfers and cash advances).
5. Every 4 months (or annually if nominated), points are automatically converted to an Everyday Money Shopping Card redeemable at participating Woolworths group stores. Participating stores may change from time to time. The Shopping Card expires 90 days after date of issue and is currently not accepted at DVD vending machines, mobile EFTPOS terminals and some designated Dick Smith stores and CALTEX WOOLWORTHS co-branded fuel outlets. 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 everydaymoney.com.au or call 1300 10 1234. Minimum of 4,000 points is required to receive a $20 Shopping Card.
6. The interest free days apply to purchases appearing on a statement only if the closing balance of the statement and the closing balance of the previous statement are paid by the statement due dates. The closing balance includes any cash advance or balance transfer amounts. To gain the benefit of the 55 days you must pay the total outstanding balance in full (including any balance transfer or other promotion amounts). There is no interest free period for cash advances or balance transfers.
Read the Woolworths Everyday Money Card terms and conditions.
| Minimum Income | $30,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit | $1,000 | |
| Max Credit Limit | $0 |
| Annual Fee | $49 p.a. | |
|---|---|---|
| Minimum Repayment | 2.50% | |
| Interest Charged From | Purchase Date | |
| Late Payment Fee | $35 | |
| Over Limit Fee | $35 | |
| Overseas Emergency Replacement | $50 | |
| Gambling Transactions Allowed | No |
| Rewards Points per Dollar | MCARD:1 Partners: up to 3 Point(s) | |
|---|---|---|
| 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 $500. What the ##$%%??
I have submitted online application for this Credit card($49 annual fee). I have not received any communication in this regards.I have not received any confirmation mail also.
Can you please find what went wrong from my side.
Kind Regards,
Deepak Maru
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.
Can I make payments in person from a bank,po etc?
Can you link the card direct to Qantas Frequent Flyers rather than shopping cards and how do I apply for this type of card. Thank you
Hi Harold,
Thanks for your question. This card will be available for application through the Credit Card Finder website, so please check the Woolworths Everyday Money Credit Card review page for a link to a secure application page. Please note that you may be asked to visit a Woolworths or Safeway store to confirm your identity. Unfortunately you are unable to link the Everyday Money Credit Card to the Qantas Frequent Flyer Program, that option is available through the Woolworths Qantas Credit Card. Thank you.
Cheers
Jeremy
Hi Chris,
You are able to make repayments in the variety of ways: There are a number of electronic methods available like BPAY and direct debit; however, if you wish to pay in person you can visit any Woolworths, Safe Way or Big W and present your card along with cash or debt card to make a payment. Hope this answers you questions, thanks.
Cheers,
Jeremy
Hi, I purchased an airline ticket with the Woolworths credit card. I wonder if the card covers travel-related insurance – I had to miss my flight due to illness when I was aborad. I know some cards do provide travel insurance coverage. Does the Woolworths card provide for this? If yes, how so I go about doing a claim?
Thanks
Hi Deepak,
You will have to contact the bank personally with your application reference number. Thanks.
Cheers,
Jeremy
Hi,
Thanks for your question. The Woolworths Everyday Money Credit Card does not offer any insurance covers as an included benefit. This is a feature that is usually included in Platinum credit cards and above like the NAB Qantas Platinum credit card which have roughly double the annual fee of the Woolworths Everyday Money Card.
You may also check out complementary travel insurance policies to learn more.
Cheers.
Jeremy
Is it possible have 2 linked cards, one for me one for my wife?
Common ponts, I would pay off the card balance?
Hi I’m looking at applying for the woolworths card because of the 0% interest for the first 9months. In the T&Cs it says any existing purchases after 31st may (promo end date) revert to the 19.34% interest….is this true? Can you please confirm if all purchases made before 31st may 2012 will have the 9months interest free and any purchases after 31st may 2012 (after 55 day interest free period) will incur the 19% interest.
Hi,
Thanks for your question. This is taken from the Qantas Everyday Money terms and conditions: “You (and any additional cardholder) must be or will need to become a member of the Everyday Rewards and Qantas Frequent Flyer programs and link your memberships to obtain this credit card and earn points.” Cheers.
Jeremy
Hi,
Thanks for the question. This is taken from the Everyday Money website: “You can apply for a family member or friend who is over 16 years of age to become an additional cardholder on your Everyday Money credit card. You’ll even earn reward points for purchases on the additional card.” Hope this has helped.
Cheers
Jeremy
I applied 6 days ago for a card and have still not heard anything. How long does it normally take to process and how will you let me know if my application is successful?
My husband and I have a combined income of over $30000, but separately it is less than that. If we jointly apply, can we get a card?
Hi,
Thanks for the question. For further information about joint application cards, please refer to our guide found here – http://www.creditcardfinder.com.au/balance-transfers-with-joint-primary-cardholders-guide.html – Unfortunately, the Woolworths Everyday Money Credit Card does not allow joint account holders, but some institutions like St.George, BankSA and Bank of Melbourne do. Cheers.
Jeremy
Hi Helena,
Best you contact your financial institution. A response is usually generated within moments of completing the application. Cheers.
Jeremy