Woolworths Everyday Platinum Credit Card Shopping Offer

What do you want this card for?
Save money
Earn points
My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Woolworths Everyday Platinum Credit Card Shopping Offer
Apply by 31 jan 19
Woolworths Everyday Platinum Credit Card Shopping Offer
Get a $50 Woolworths eGift Card* (Spend Conditions Apply).
Every month you’ll get 10% off your first shop at Woolworths on selected dates – Saving you up to $50 every month.
$0 annual fee for the first year, saving you $49.
Add to comparison
12 months
1.99% p.a.
then 21.99%
with a 0% fee
19.99% p.a.
ongoing
$0
1st year
then $49

Pros & cons

What's good?

What's not so good?

Get a bonus $50 Woolworths eGift Card* when you spend over $150 every month for 3 months in store or online at Woolworths with your new Credit Card.
Every month you’ll get 10% off your first shop at Woolworths on selected dates – Saving you up to $50 every month.
$0 annual fee for the first year, saving you $49.
Up to 55 days on purchases if your account is paid in full by the due date shown each month.
Earn points that are automatically converted into shopping cards every 4 months.
Earn 3 points per $1 spent on Woolworths Select and Woolworths brand range of products.
Earn 2 points per $1 spent on purchases at Woolworths, Dan Murphy’s, Cellarmasters, BWS, and BIG W.
Earn a base rate of 1 pt per $1 spent on eligible transactions everywhere Visa is accepted.
Interest rate of 19.99% p.a. on purchases is quite high.
Rewards are automatically redeemed every four months which may be restrictive or inconvenient.

The $50 Woolworths eGift Card offer is available to new primary cardholders only who apply for a Woolworths Everyday Platinum Credit Card between 12:01am AEDT 1 November 2018 and 11:59pm AEDT 31 January 2019, are approved and spend over $150 on eligible purchases at Woolworths in store or online, using their Woolworths Everyday Credit Card once a month, for the first 3 months from when the account is approved. Your $50 Woolworths eGift Card will be sent to the email address provided at the time of applying for a Woolworths Everyday Platinum Credit Card. Your Woolworths eGift Card will be delivered within 8 weeks of meeting the spend requirement, provided that you are not in breach of your credit card Conditions of Use and your credit card account remains open. Eligible purchases exclude balance transfers, cash advances, cash substitutes and transactions for gambling purposes. Woolworths Gift Card terms and conditions apply. Visit everydaygiftcards.com.au for details.

Our review

Our review of the Woolworths Everyday Platinum Credit Card Shopping OfferReviewed by Yvonne Taylor

Woolworths wants to make sure the loyalty of their customers is rusted on, by offering them a low-cost credit card with lots of useful benefits, especially if they use it to buy Woolworths-branded products at Woolworths group stores. It’s called the Woolworths Everyday Platinum Credit Card. It sounds like a good deal for both parties, but it warrants investigating a little more closely, to make sure you are getting the value you expected.

Low annual fee

There’s no denying the annual fee – $0 for the first year and $49 thereafter – is good value when compared with many other cards. There’s a $9 charge per additional cardholder, again $0 in the first year.

Low-interest balance transfer offer

Twelve months at 1.99 percent p.a. (reverting to the cash advance rate of 21.99 percent after 12 months if not repaid in full) is not quite the same as the long 0 percent p.a. offered by some of this card’s competitors. But it might just tip the balance in its favour if you are attracted by the card’s other features and want to start enjoying them right away, instead of waiting until you clear your balance on your existing card.

The ongoing interest rate for purchases is 19.99 percent p.a. with an interest-free period of up to 55 days on purchases if you don’t have an unpaid balance on your account.

Rigid rewards scheme

Make no mistake: the purpose of this rewards scheme is to make you shop at Woollies. You earn more points (Woolworths Shopping Card Rewards) by shopping at Woolworths group retailers and buying Woolworths branded products, and you can redeem your points for – wait for it – shopping cards to spend at Woolworths group retailers only.

Here’s how it works:

  • 1 point per $1 for purchases from merchants not in the Woolworths group
  • 2 points per $1 for purchases from retailers in the Woolworths group, including online
  • 3 points per $1 for buying Woolworths or Woolworths Select (i.e. their own brand) products in store at Woolworths, Big W and BWS

The Woolworths group companies (where you will earn 2.0 points per dollar) are Woolworths supermarkets, Big W, Dan Murphy’s, Cellarmasters, Woolworths branded Caltex service stations, and BWS (including online stores where available).

If you live in Tasmania you may not be able to earn points using this card, since Woolworths has a different rewards scheme, called the Frequent Shopper Club, in Tasmania.

Credit card rewards points come in addition to standard Woolworths Rewards points

Most regular Woolworths shoppers will be aware that they can already earn Woolworths rewards points on their supermarket, Big W, BWS and Woolworths Caltex purchases, whichever payment method or card they use. So by using your Woolworths credit card, you’ll earn points twice on each purchase at those Woolworths group retailers: once with your Woolworths Rewards card and once with your Woolworths credit card.

For added convenience, your Woolworths credit card doubles as your Woolworths Rewards card, with your Woolworths Rewards membership barcode printed on the back of your credit card. You will need to remember to scan your membership barcode before you complete your purchase by paying with your credit card.

Calculating the value of the rewards points

Woolworths will convert your points into shopping cards once every four months at the rate of $20 per 4,000 points.

So, supposing you used your card exclusively at Woolworths group stores, you’d need to spend $2,000 to get 4,000 points redeemable for a $20 discount, an effective loyalty discount of 1 percent. Most cardholders are likely to have a mixture of 1, 2 and (probably minimal) 3-point spending, resulting in an effective discount of a lot less than 1 percent.

There’s no monthly points earning cap with this card, so every dollar you spend on eligible purchases will earn points.

Convert Woolworths Rewards points to Qantas Frequent Flyer points

As a Woolworths Rewards member, you’ll be given the option to automatically convert your Woolworths Rewards points to Qantas Frequent Flyer points every three months. The current conversion rate is 2,000 Woolworths points = 870 QFF points.

$50 Woolworths eGift card currently on offer

For a limited time you can qualify for a $50 gift card to spend at Woolworths, the equivalent of first-purchase bonus points available with other types of rewards cards. Just apply for your new card before 31st January 2019 and spend at least $150 per month at Woolworths, for the first three months of holding the card.

Other cardholder benefits

The rather uninspiring value of Woolworths Rewards points is fortunately offset by other benefits available to cardholders:

  • 10 percent discount off your first Woolworths supermarket shop once every month, on selected weekend dates advised to cardholders by email. (Maximum purchase amount qualifying for discount is $500, so you can save up to $600 per year.)
  • 10 percent discount on a range of Woolworths brand insurances: car, home, pet and travel insurance.
  • Access to Visa Entertainment for pre-sale tickets and special offers.

Once again, some of these benefits are linked to Woolworths group companies, but there’s no denying there are substantial savings to be made if you direct your spending their way.

Competing cards

Wherever Woolworths goes, Coles will follow, and vice versa. If you’re a Coles regular you’re more likely to be interested in the Coles Rewards MasterCard (2.0 flybuys points per $1 spent). Since 2,000 flybuys ($1,000 spent) will get you $10 discount off your Coles shopping, this is more or less the same discount rate as Woolworths are offering. But the main difference is that the Coles card gives you 2.0 flybuys points per dollar wherever you shop, not just at Coles group companies. However, the annual fee for the Coles card is higher.

A card best for . . .

There’s no doubt that the Woolworths Everyday Platinum Credit Card is going to appeal to people who already do most of their grocery shopping at Woolworths, Big W, BWS and Dan Murphy’s, collecting Woolworths or Qantas points and in some cases Caltex fuel discount vouchers. The credit card even doubles as a Woolworths Rewards card, meaning there’s one less card to carry in your wallet. But are there enough benefits to seduce Coles diehards? Only they can decide.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
Yes
Joint application
No
Minimum age
18 years old
Minimum income
$30,000
Minimum income for pensioners
Same as standard
Pensioners
N/A
Rewards program
Shopping card points
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$9 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
Greater of $50 or 2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers1.99% p.a.12 months0%100% less $500 of credit limit21.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
N/A
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
100% less $500 of credit limit
Available to existing customers
N/A

Banks you can't balance transfer from

You can't balance transfer to the Woolworths Everyday Platinum Credit Card Shopping Offer at the promotional balance transfer rate from:

  • Woolworths

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers1.99% p.a.12 months0%100% less $500 of credit limit 21.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$0 p.a.
Annual fee 2nd year
$49 p.a.
Cash advance fee
Greater of $5 or 3%
Dishonour fee
$10
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$35
Over limit fee
$30
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
$5 or 3% whichever is greater
Overseas emergency card replacement fee
$0
Transaction verification fee
N/A

Rewards & points

Rewards program basics

First purchase bonus
N/A
Reward points expiry
Never
Rewards program
Shopping card points
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
N/A
Overseas earn rate
Same as standard earn rate
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
Yes
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $30,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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