I believe that owning a reliable credit card is essential for my everyday life. Not only can I use this for my daily necessities and emergencies, but I can also rely on the card for big-ticket items. Woolworths makes all of this possible by rewarding me with extras and discounts.
For individuals interested in getting their first credit card, I have to say that a Woolworths credit card is worth exploring. With its comprehensive offerings, the company ensures that I get maximum savings each month and provides other perks and privileges.
To know more about Woolworths credit cards and how one can apply for this today, look no further. I will discuss the cards offered by the company, how one could get this card product, and other necessary information. Read on to learn more about this.
- Different Types Of Credit Cards From Woolworths
- Features And Benefits Of A Woolworths Credit Card
- Learning How To Apply For A Woolworths Credit Card
- Fees And Charges That Come With The Credit Card
- How To Manage A Woolworths Credit Card
Different Types Of Credit Cards From Woolworths
Woolworths offers two main credit card offerings: the Woolworths Everyday Platinum Credit Card and the Qantas Platinum Credit Card. Each of these credit products brings something unique to the table and meets the varying needs of cardholders.
On the one hand, the Woolworths Everyday Platinum Credit Card is designed for everyday use. It allows individuals to collect and save credit card points which cardholders can use towards their shopping across various participating Woolworths stores.
Meanwhile, the Qantas Platinum Credit Card is a credit card co-branded with Qantas airlines, making it possible for frequent flyers to earn points for their Qantas flights.
Similar to the Woolworths Everyday Platinum, this Qantas Platinum Credit Card also gives points and other extras each time I shop.
Choosing The Right Card
Picking the right card can be pretty challenging, especially for those like me who want to get the best of both worlds. I would advise going with the Woolworths Everyday Platinum Credit Card for those who value rewards points for everyday spending.
Frequent flyers and travelers, especially those who love traveling with Qantas, would do well to opt for the Qantas Platinum Credit Card instead. Apart from getting rewards-earning capabilities, it also gives cardholders points when making purchases towards Qantas flights and products.
Features And Benefits Of A Woolworths Credit Card
Since I am not a frequent flyer and traveler, I want to focus on the Woolworths Platinum Credit Card offering. After all, I feel that this is a credit product that will resonate with other people and me.
Powered by Visa, this credit card is designed to complement users’ spending habits who typically use their cards on everyday purchases such as groceries and fuel. I like this credit card because it provides me with rewards points each time I make a qualified purchase.
For every $1 I spend on eligible purchases, I can earn up to three credit card points. Meanwhile, I get two credit card points for every $1 I spend on products from Woolworths Supermarkets and BIG 2. For all my other purchases, I can get one credit card point for every dollar I spend. Once I have collected enough points, I can receive a $20 Shopping Card in exchange for 4,000 points.
Another excellent offering I would like to point out is getting 10% off on groceries once a month, allowing me to save up to $50 every month with a maximum purchase of $500. Moreover, I can also enjoy $0 in annual fees for the first year.
Other Noteworthy Highlights Of The Credit Card
That’s not all there is to the Woolworths Everyday Platinum Credit Card. Besides the aforementioned benefits, this credit card product also comes with 0% per annum for 14 months on balance transfers. Plus, I get to enjoy up to 55 days interest-free on my eligible purchases.
On top of these, I think it is also great that Woolworths offers a Visa zero liability policy. This means that I would not be held responsible for the said transactions in case of fraudulent transactions or unauthorized charges.
Learning How To Apply For A Woolworths Credit Card
Applying for a Woolworths credit card can be done online. The online application form can be filled out in just 15 minutes. Alternatively, applicants also have the option to apply with a Woolworths branch near them.
For those applying online, apart from choosing the desired credit card, applicants will be providing their personal details while filling out the application form. In this case, I provided my name, address, date of birth, email address, and employment and income information.
The bank can ask for more documents, especially for those who will be approved for a credit card. These include proof of employment, payslips, bank statements to confirm income, and proof of identification.
Bear in mind that while applying for a Woolworths credit card is easy and accessible, that as of June 2021, Woolworths is not currently accepting any new applications for their credit products from new customers. This allows the bank to focus its efforts on current customers affected by the pandemic.
How To Qualify For A Woolworths Credit Card
To qualify for a Woolworths credit card, applicants must be 18 years of age to apply. Applicants must also have a good credit score and history to be eligible for a credit product and be permanent residents of Australia.
Moreover, applicants must also meet the minimum income requirement listed for their desired credit card. In my case, the Woolworths Everyday Platinum Credit Card requires me to have annual gross earnings before tax to be at least $30,000.
Fees And Charges That Come With The Credit Card
Owning a Woolworths credit card comes with certain fees and charges. Cardholders must stay on top of these fees to keep enjoying the benefits and privileges they get from their respective credit cards.
I have already enjoyed up to 55 days of interest-free period on eligible purchases using my Woolworths Everyday Platinum Credit Card. Cardholders can also experience the same on their credit card. Below are the fees that come with my chosen card.
- Annual Fee – $0 for the first year; reverts to $49 for the succeeding year.
- Purchase Interest Rate – 19.99% per annum
- Cash Advance Interest Rate – 19.99% per annum
- Minimum Payment Due – 2.5% of the closing balance or $50, whichever is higher.
- Additional Cardholder Fee – $9
- Late Payment Fee – $20
- Dishonor Fee – $10
- Cash Advance Fee – $5 or 3% or the value of the transaction, whichever is greater.
- International Transaction Fee – 3% of the transaction value.
Other Necessary Card Information
I have already mentioned earlier the interest-free period of up to 55 days on eligible purchases. Cardholders like me can take advantage of this offer, provided I make the necessary payments by each due date.
In this case, the interest-free period only works if I pay my account balance in full. Besides the interest rate, I should also repay any balance transfers to keep enjoying this benefit.
How To Manage A Woolworths Credit Card
Managing a credit card can be tricky, especially when people do not know how to keep tabs on their expenses. Thankfully, I found that I can manage these transactions and more by logging into my account.
Logging in through my account allows me to see my transactions and expenses and will enable me to pay for my credit card bill for the month. I even have the option to set up a direct debit facility to automatically pay for my card account every due date or through phone and internet banking via BPAY.
Since Woolworths also gives a Woolworths Shopping Cards worth $20 once I have already garnered 4,000 points, I found it worth downloading the Woolworths Money app available on the Google Play Store for Android users and the App Store for iOS users.
This helps me keep track of my remaining balance and my shopping expenses. The same app can also be used to manage other Woolworths cards.
Bank Address And Contact Details
For more information about Woolworths credit cards, individuals can reach out to the company by giving them a call at 1300-10-1234. People can also contact the bank via email at [email protected]
Alternatively, I found that it is also possible to write and make an appointment with a credit card advisor at their head office located at 1 Woolworths Way, Bella Vista, New South Wales 2153.
The Bottom Line
Getting a Woolworths credit card is ideal for those who want to get a great deal for their money, like me, and those who want to take advantage of the points earning system. With its comprehensive offerings, the Woolworths Everyday Platinum Credit Card is worth looking into.
Disclaimer: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.