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Woolworths Credit Cards

Woolworths has almost 1000 stores across Australia. Its first store opened in 1924 in Sydney and was known as the Woolworths Stupendous Bargain Basement. It quickly expanded and more franchises opened, which were rebranded to just Woolworths, and affectionately known as “Woolies” to the public.

In 1993 shares to Woolworths were offered to the public in Australia’s largest ever share float.

In recent years Woolworths has offered customers credit cards.

About Woolworths credit cards

Woolworths has a modest selection of credit cards:

  • Rewards credit cards
  • Frequent Flyer credit cards
  • Balance transfer credit cards
  • VISA credit cards

Unlike big banks and other financial institutions that offer a wide range of credit cards, Woolworths only offers rewards-based cards that may best suit customers looking to earn shopping dollars and frequent flyer points.

Each dollar spent on a Woolworths credit card turns into points that can be converted into Woolworths shopping cards or Qantas points (depending on the credit card). Customers earn higher points for purchases made at Woolworths and Woolworths Group stores than at other retailers.

The perks offered by Woolworths credit cards vary between products, but include free travel insurance, 24/7 concierge service, the ability to pre-order tickets to big events and hotel perks including free internet, continental breakfasts and room upgrades.

Woolworths credit card review

Woolworths offers credit cards that may suit customers who like to shop, especially at Woolworths. Although the range of credit cards is slim, they are packed with rewards and perks.

When it comes to annual fees, Woolworths credit cards range from moderately low to moderately high, depending on the card. The interest rate on purchases are moderately high to high, although there are 0 per cent balance transfer options available.

Across Woolworths credit cards, interest-free days are moderate, but late payment fees are high compared to other credit cards on the market. There is no set maximum credit limit on Woolworths credit cards.

One of the standout features of the Woolworths Everyday Platinum credit card is that users can get 10 per cent of their Woolworths shop once per month on selected dates (up to a maximum of $50). These discounts can be used to indirectly ‘pay off’ the card’s annual fee.

FAQs

Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.

The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.

Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.

Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.

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