Woolworths Money Everyday Platinum Credit Card – Rates and Fees

Information verified correct on September 28th, 2016

Woolworths Money presents a platinum credit card that offers special reward points, hundreds of dollars worth of discounts, a 0% p.a. balance transfer offer and $0 annual fee for the first year. Also get the chance to earn $50 Woolworths eGift Card if you apply by 30 September 2016.

The Woolworths Money Everyday Platinum Credit Card functions as a conventional credit card and is suited to people who spend money at outlets like Woolworths Supermarkets, Woolworths Liquor, and BWS. This is because you stand to get extra reward points when you use this card at these establishments. Plus, you’ll get to earn $50 Woolworths eGift Card after your first purchase if you apply by 30 September 2016 and make a purchase by 30 November 2016.

Standard reward points apply when you use this card with other merchants. This card also doubles as your Everyday Rewards card, allowing you to earn additional Qantas Points, receive member discounts at Woolworths and fuel savings.

Rewards come in the form of Woolworths Shopping cards that you receive every four months, the value of which depends on the points you accumulate. You can also take advantage of up to 55 days interest-free for eligible purchases as long as you pay the total outstanding balance on the card before the due date.

Product NameWoolworths Money Everyday Platinum Credit Card
Rewards ProgramEveryday Money Reward Points
Balance transfer rate (p.a.)0% p.a. for 14 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.99% p.a.)
Purchase rate (p.a.)0% p.a. for 6 months (reverts to 19.99% p.a.)
Offer end date30 September 2016
Annual fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Minimum Monthly Repayment2.5% or $50, whichever is greater
Minimum Income$20,000
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$20,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Minimum Repayment2.5% or $50, whichever is greater
Late Payment Fee$35
Over Limit Fee$30
Cash Advance Fee$5 or 3% of the value of the transaction, whichever is the greater
Overseas Emergency Replacement$0
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$9 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes

Pros

  • There is a tiered structure of rewards accrual with bonus points earned when you shop at Woolworths. This is a great incentive for people who already do most of their shopping at Woolworths.
  • This card comes with a 0% p.a. for 14 months balance transfer offer and a waived annual fee for the first year.
  • This card can be linked to the other Woolworths rewards cards.
  • Dine Play Stay - Allows you to enjoy discounts at thousands of restaurants, hotels and attractions across Australia and NZ. You can save up to 20% off your total bill, up to a maximum deduction of $25 at over 2,000 participating restaurants.
  • Woolworths Online - Save $10 every time you spend $100 or more at Woolworths Online.
  • This card provides automatic room upgrade and allows late checkout at Visa Luxury hotels.

Cons

  • Rewards are automatically redeemed in four-month intervals. This gives the cardholder minimal control over the frequency of redeeming rewards and may restrict people from using the voucher when it's convenient for them.
  • The promotional balance transfer offer reverts to the standard cash advance rate of 21.99% p.a. at the end of the introductory period. This means that if you're unable to pay your balance by the end of the promotional period, you'll begin accruing interest on the balance and could lose the savings made initially.
Rewards ProgramEveryday Money Reward Points
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Woolworths Money Everyday Platinum Credit Card review

The Money Everyday Platinum Credit Card provides platinum card benefits and can reward you with up to 3 points for every dollar spent. You can accumulate your points in many retail outlets and shops around Australia, plus earn bonus points when you shop at Woolworths and BWS. Points Never expire and there’s no cap, so you can accumulate as many points as your purchases attract. You can get an additional card at no extra charge and choose from two different card colours, which include silver or orange.

Benefits of the Woolworths Money Everyday Platinum Credit Card

  • Visa Luxury hotel collection access. This provides an automatic room upgrade and late check-out, complimentary continental breakfast, free in-room internet daily and a $25 food and beverage voucher.
  • Purchase security and wallet guard. Your Woolworths Platinum Credit Card comes with complimentary purchase security and wallet guard for peace of mind.
  • 24/7 platinum concierge service. The platinum concierge is at your service at the click of a mouse or a phone call, anytime in the world to help your lifestyle with services such as bookings and restaurant recommendations.
  • Balance transfer offer. Receive 0% p.a. for 14 months on balance transfers if you apply by 30 September 2016.
  • Purchase rate offer. Apply by 30 September 2016 and enjoy 6 months interest-free on an eligible purchase over $300 and 12 months interest-free on an eligible purchase over $600.
  • $50 Woolworths eGift Card. The $50 eGift Card can be earned by new primary Woolworths Money Platinum credit cardholders who apply by 30 September 2016 and make an eligible purchase by 30 November 2016.
  • Rewards. Earn 3 points for every dollar spent when buying select products at Woolworths Supermarkets, and BWS. Earn 2 points for every dollar spent on items you buy at Woolworths Supermarkets, BWS, Caltex and Woolworths co-branded fuel outlets, Dan Murphy’s, and more. For all other eligible purchases, earn 1 point for every dollar you spend. You get a Money Everyday Shopping Card every four months, or annually if you choose, which you can redeem at participating Woolworths group stores. Plus, Woolworths Rewards don’t expire so long as your account remains open.
  • Interest-free period. You can take advantage of up to 55 days of interest-free purchases if you pay your balance in full by each due date. This closing balance includes any balance transfer amount or other promotion-related balances. Remember that this interest-free period applies only to purchases, and not on balance transfers and cash advances.
  • Discounts & extras. Receive the following discounts and extras with your Woolworths Money Everyday Platinum Credit Card:
    • Woolworths Online. Save $10 every time you spend $100 or more at Woolworths Online.
    • Cellarmasters. Receive 50% off selected wine cases at Cellarmasters.
    • Woolworths Money. Provides discounts of up to 10% off Woolworths Insurance including car, home, pet and travel insurance (excluding life insurance).
    • Dine Play Stay. Allows you to enjoy discounts at thousands of restaurants, hotels and attractions across Australia and NZ. You can save up to 20% off your total bill and a maximum deduction of $25 at over 2,000 participating restaurants.
    • Wine Market. Receive great deals such as 14 bottles of wine worth over $200 for $79 plus free delivery.
    • Thomas Dux. Discount of 5% off one weekend per month at Thomas Dux stores.
    • Hoyts Kiosk. Reduced movie tickets with 15% off movie and TV rentals at Hoyts Kiosks Australia Wide.
  • Globally accepted. Since this is a Visa card, you can use it at over 30 million locations worldwide, and this includes access via ATMs and EFTPOS. Its PayWave technology enables quicker checkouts at merchants who support this technology.

Features of the Woolworths Money Everyday Platinum Credit Card

  • Annual fee. Pay $0 for the first year and $49 every subsequent year.
  • Purchase rate. The purchase rate for this platinum card is 19.99% p.a.
  • Cash advance rate. The cash advance rate for this platinum card is 21.99% p.a.
  • Woolworths Online Shopping. Get groceries delivered directly to your door. Receive $10 off your order when you spend $100 or more in a single transaction, enter the coupon code and pay with your Woolworths Money credit card (subject to Woolworths eligible delivery areas and available delivery windows).
  • Woolworths eGift Card. Any Woolworths Money Everyday Platinum credit cardholders who apply by 30 September 2016 and make purchases by 30 November 2016 will be eligible to earn $50 Woolworths eGift Card, which will be credited to their respective Woolworths Rewards accounts linked to the Woolworths Money Everyday Platinum Credit Card 8 weeks after the eligible purchase has been made.
  • Dine Play Stay. Provides discounts at thousands of restaurants, hotels and attractions across Australia and NZ. This benefit allows you to save up to 20% off your total bill, up to a maximum deduction of $25 at over 2,000 participating restaurants.
  • Visa PayWave. Allows you to wave and go for purchases under $100 for quicker transactions and saving time
  • Late payment. Reminder fee of $35 applies for late payments.

How to apply for the Woolworths Money Everyday Platinum Credit Card

You can apply for the Woolworths Money Everyday Platinum Credit Card by completing the online application. Alternatively, you can call Woolworths customer service and get them to mail you an application. In either case, you have to meet certain eligibility criteria, which include the following:

Eligibility criteria

  • You must be over 18 years old
  • Your annual gross earnings before tax should be at least $20,000
  • A good credit history is necessary
  • Only Australian residents may apply

Required documents

  • Proof of income which can come in the form of recent payslips or a letter from your employer within the last 30 days
  • Documents to prove your identity, which should satisfy a 100 point identification check

If you shop at outlets associated with Woolworths, you might want to consider the benefits of a Woolworths Money Everyday Platinum Credit Card, but make sure you compare it with others before you make your decision.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

278 Responses to Woolworths Money Everyday Platinum Credit Card – Rates and Fees

  1. Default Gravatar
    Robyn | August 29, 2016

    Can I earn Qantas FF points with this card??

    • Staff
      May | August 29, 2016

      Hi Robyn,

      Thank you for your question.

      No, this Woolworths Money Everyday Platinum Credit Card lets you get a cash back in the form of Woolworths Money Shopping Cards instead wherein for every $1 you spend on eligible purchases you could earn up to 3 points.You can read more about Woolworths Rewards program and how it works on this page.

      Meanwhile, the Woolworths credit card that allows you to earn Qantas points is Woolworths Money Qantas Platinum Credit Card. Please find more details about this card here.

      Hope this helps.

      Cheers,
      May

  2. Default Gravatar
    Nicole | August 7, 2016

    Hi,

    1. What is the fee that is charged, per transaction and ATM Withdrawal if I was to use the Woolworths Money Everyday Platinum Credit Card overseas?
    2. What banks or company is the Woolworths card affiliated with if I was to do ATM withdrawals over seas?

    • Staff
      May | August 7, 2016

      Hi Nicole,

      Thanks for your question.

      Here are the answers to your questions:

      1. If you’re going to use your Woolworths Money Everyday Platinum Credit Card overseas, you’ll be charged:

      a. Foreign Currency Conversion fee – 3% of the value of each foreign currency transaction
      b. Cash Advance Fee – Higher of 3% or $5 per cash advance
      c. Cash advance interest rate of 21.99% p.a.
      d. Third party ATM withdrawal fee

      2. Woolworths credit cards are affiliated with and issued by Macquarie Bank Limited, which has a strong presence in New Zealand, Asia, the Americas, and Europe.

      Hope this has answered your questions.

      Cheers,
      May

  3. Default Gravatar
    Michelle | August 7, 2016

    If a minimum of 1 point is earned on each dollar spent using a Woolworths Money Everyday Platinum Credit Card, what does 10,000 points convert to in Woolworths Dollars?

    • Staff
      May | August 7, 2016

      Hi Michelle,

      Thanks for your question.

      Woolworths Rewards program is attached to your Woolworths Money Everyday Platinum Credit Card. You can get a cash back in the form of Woolworths Money Shopping Cards wherein for every $1 you spend on eligible purchases you could earn up to 3 points. Every 4 months with enough points, points are converted to a Shopping Card that you can use across participating Woolworths group stores.

      This is how the Woolworths Dollars work:
      Woolworths Dollars are the currency of the new Woolworths Rewards program. Each Woolworth Dollar is worth AUD$1 off a future spend.

      When you’ve accumulated 10 Woolworth Dollars, you automatically get $10 off your next transaction at participating stores by scanning your card. There is no limit to the amount of Woolworth Dollars redeemable each time, but you can only redeem them in multiples of 10, and the system automatically redeems them for you whenever you reach $10 Woolworth Dollars.

      I hope this has answered your question.

      Cheers,
      May

  4. Default Gravatar
    Teoman | August 3, 2016

    Can i have credit card application form

    • Staff
      Chester | August 3, 2016

      Hello Teoman,

      Thanks for your question,

      When applying online for the Woolworths Money Everyday Platinum Credit Card, you can find the application form on the Woolworths website. Alternatively, you can also call Woolworths customer service and get them to mail you an application.

      I hope this has helped.

      Cheers!
      Chester.

  5. Default Gravatar
    Pat | July 17, 2016

    How do I close a deceased relatives Woolworths Money credit card?

    • Staff
      May | July 19, 2016

      Hi Pat,

      Thanks for your question.

      You will have to contact Woolworths customer service team on via email or live chat – they will take care of the account cancellation for you. Alternatively, you call Woolworths on 1300 10 1234, then Option 1.

      Hope this helps.

      Cheers,
      May

  6. Default Gravatar
    Adam | June 29, 2016

    hi, if I apply for a card, can I get a 2nd card for my wife to use too??

    thanks

    • Staff
      Anndy | June 29, 2016

      Hi Adam,

      Thanks for your question.

      If you are able to get a Woolworths Money Everyday Platinum Credit Card, you can get an additional card at no extra cost. You can also choose from two different card colours which include silver or orange.

      Cheers,
      Anndy

  7. Default Gravatar
    Vicki | June 10, 2016

    Hello Can this card be used to collect Qantas point as well ?

    • Staff
      May | June 10, 2016

      Hi Vicki,

      Thanks for your inquiry.

      Woolworths Money Everyday Platinum Credit Card does not let you earn Qantas points, but rather Everyday Money Reward Points. In the meantime, the Woolworths credit card that allows you to earn Qantas points is Woolworths Money Qantas Platinum Credit Card – you can earn 1 Qantas Point for each Australian dollar spent on eligible purchases on up to $2,500 spend per statement period and 0.5 Qantas Points for each Australian dollar amount spent on eligible purchases for the remainder of that statement period.

      Cheers,
      May

  8. Default Gravatar
    Justin | May 25, 2016

    How do I get a cash advance on my credit card? Cash withdrawal at woolworths checkout was refused, but I have credit on my card.

    • Staff
      May | May 26, 2016

      Hi Justin, thanks for your question!

      You can use your Woolworths card to withdraw cash at any ATM worldwide that carries the MasterCard or PLUS logos. Please note that cash withdrawals from ATMs are charged at the Cash Advance interest rate and will be charged from the withdrawal date. Withdrawals at ANZ ATMs are free in Australia.

      Hope this helps.

      Cheers,
      May

  9. Default Gravatar
    prim | May 19, 2016

    I applied for Woolworths card. I’m retired super pension $30,000 per year, no loans, no bad credit, expenses per year S18-22K.
    I just got a letter from W money, my application was refused.
    reason VEDA has no info on me, Why because I own my house, and my credit card is always paid on time as are my bills.
    It seems that nowadays you have to be bad to be noticed and so W money will give u a credit card. I’ll apply for a Coles cc or keep my $15,000 ANZ credit card.
    Why Woolies?

    • Staff
      May | May 20, 2016

      Hi Prim,

      Thanks for your comment.

      I understand how you feel and I’m sorry to hear about your application that’s been refused.

      Each bank or credit card company has their own set of eligibility criteria and requirements that a customer has to meet before applying. With Woolworths, you may not have met the eligibility requirements (like earn a minimum taxable income of $20,000 p.a.; proof of income which can come in the form of recent payslips; be a permanent Australian resident, etc.) when you applied.

      As an advice, to keep a healthy credit file, please wait for a few months before applying for another credit card. It may not be a good idea to apply for another card right after your declined application as that can negatively affect your credit rating and will only decrease your chances of approval.

      As a tip for future application, please make sure to read all of the relevant product disclosure statements, check the eligibility criteria and it may also be good to contact the bank/card company to discuss your chances of approval before applying.

      I hope this is helpful.

      Cheers,
      May

  10. Default Gravatar
    Glenn | May 19, 2016

    Could you please send me the link to apply for the Woolworths credit card please?

    • Staff
      Anndy | May 19, 2016

      Hi Glenn,

      Thanks for your comment.

      Please note that finder.com.au is a financial comparison and information service and is not Woolworths.

      I’ve emailed you a link to Woolworths Money Everyday Platinum Credit Card’s application page for your convenience.

      I hope this helps.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated September 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback