Kogan Money is adding another financial string to its bow, announcing Kogan Money Credit Cards as part of a multi-year agreement with Citi.
The Kogan Money Credit Card is forecast to be competitively priced, with Citi managing the credit card processing, servicing, and other behind-the-scenes infrastructure.
Kogan’s role in the partnership is to market and distribute the credit card, and to offer loyalty incentives for cardholders.
Kogan.com executive director, David Shafer, said that the Kogan Money Credit Card will deliver outstanding value when shopping on Kogan.com and elsewhere.
“We chose to partner with Citi because of their forward thinking and ability to leverage digital efficiency to deliver compelling value to Kogan customers. This partnership will be a clear win for our customers and Citi customers.”
Head of Citi Australia’s consumer bank, Alan Machet, said that the Kogan Money Credit Card will be “unique in the market” when it is released in 2019.
The Kogan Money Credit Card is the latest financial offering from Kogan, with other recent announcements including Kogan superannuation and Kogan home loans.