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Kogan Energy’s latest electricity promotion could save you $ 300 on your energy bills, but you’ll have to shell out five times that amount to get the discount and then wait several months to receive it.
Kogan Energy’s $ 300 Offer is a variable rate energy plan that offers a conditional rebate of $ 300 to customers who subscribe to the offer, which also requires purchasing a Kogan Money Black Card, by September 30, 2021 .
The catch is that to qualify for the $ 300 rebate, households must spend $ 1,500 on qualifying purchases with the new credit card within the first 90 days of holding the card.
For customers who are simply looking for cheaper power, the minimum spend requirement may make Kogan’s $ 300 offer unattractive. But for those who are looking for a new credit card provider or a no annual fee credit card, or who had already planned to make a large purchase, the offer can add up.
So, let’s see what you save by switching to the $ 300 offer from Kogan Energy.
What is the $ 300 offer?
The $ 300 offer is Kogan Energy’s latest market offer, available in New South Wales, Victoria, Queensland and South Australia to new and existing Kogan Energy customers. This plan offers variable utilization and supply rates at prices just as competitive as those of the retailer’s flagship market offering. There are no exit fees, lock-in contracts, or credit card fees on the $ 300 offer, and as the name suggests, the plan gives customers the option of getting credit. $ 300 on their energy bill if they meet certain conditions.
Kogan’s energy plans
Here are Kogan Energy’s electrical plans, available in each state, according to our database. To see the plans in your state, click on the corresponding tab below.
Here are the Kogan Energy plans on our database for NSW. These costs are based on the Ausgrid network in Sydney, but prices may vary depending on your situation. This comparison assumes a general energy consumption of 3,900 kWh / year for a residential customer at a single tariff. Please use our comparison tool for a specific comparison in your region. Our database may not cover all the offers in your area. As always, check all the details of any plan directly with the retailer before making a purchase decision.
Here are the Kogan Energy plans on our database for Victoria. These costs are based on the Citipower network in Melbourne but prices may vary depending on your situation. This comparison assumes a general energy consumption of 4000 kWh / year for a residential customer on a single tariff. Please use our comparison tool for a specific comparison in your region. Our database may not cover all the offers in your area. As always, check all the details of any plan directly with the retailer before making a purchase decision.
Here are the plans for Kogan Energy on our database for SE QLD. These costs are based on the Energex energy grid in Brisbane, but prices may vary depending on your situation. This comparison assumes a general energy consumption of 4,600 kWh / year for a residential customer with a single tariff. Please use our comparison tool for a specific comparison in your region. Our database may not cover all the offers in your area. As always, check all the details of any plan directly with the retailer before making a purchase decision.
Here are the Kogan Energy plans on our database for South Australia. These costs are based on the SA Power network in Adelaide, but prices may vary depending on your situation. This comparison assumes a general energy consumption of 4000 kWh / year for a residential customer on a single tariff. Please use our comparison tool for a specific comparison in your region. Our database may not cover all the offers in your area. As always, check all the details of any plan directly with the retailer before making a purchase decision.
You can see how the $ 300 offer plan compares to other plans in your area via the links below. Don’t forget to use our comparison tool for a specific quote in your area.
How to earn $ 300 on your electricity bill with Kogan Energy
To earn the $ 300 credit on the $ 300 offer, customers will not only need to sign up for the new $ 300 offer plan, but also a new Kogan Money black card by September 30, 2021. While the electricity plan itself is open to all customers, it is important to note that any existing customer of Kogan Energy who currently holds or has previously held a Kogan Black Money Card will not be eligible for this discount.
Once the energy and credit card accounts have been approved, billpayers will then be required to spend $ 1,500 on “qualifying purchases,†using their new card, within 90 days of holding it. Balance transfers, cash advances, refunds and chargebacks, purchases of foreign currency and travelers’ checks and other miscellaneous fees and transactions are not considered qualifying purchases under Kogan Energy’s terms and conditions.
If all requirements are met within the time frame, Kogan Energy will then give the customer a one-time bill credit of $ 300 on their energy bill within 10 weeks of the end of the reference period – essentially up to 160 days. or about 23 weeks after they first signed up for the offer.
Is the new Kogan Energy contract right for me?
While Kogan Energy’s latest offering offers a generous rebate on energy bills, it is not necessarily the most accessible rebate. Unless you are an avid credit card user looking for a new card, it might not be worth opening a credit account and then spending $ 1,500 for a discount. of $ 300.
This is in addition to the fact that the rebate itself is only worth a fifth of what you have to spend to receive it, so unless you’ve previously intended to make that expense, you could end up with a loss rather than a gain. In addition, with the tariffs for the use and supply of this offer almost identical to those of Kogan Energy’s market offer, this is only a short-term saving.
While conditional discounts like this can be attractive, it’s always important to consider the terms of the discount. If you’re unlikely to qualify for the rebate, or if you can’t afford not to get the rebate within your budget, it’s probably best to seek out an offer that is more suited to your financial situation.
But for those who can make this deal work for them, there is a big saving to be made. And the Kogan Money Black Card offers an annual fee of $ 0. By signing up for the $ 300 offer, you’ll also be signed up for Kogan’s reward program through Kogan.com.
If you want to learn more about credit cards, you can visit Canstar, Australia’s largest financial comparison site, and check out their simple, free card comparison tool. If you are looking for a new energy deal, stay here as you can see a range of prices and suppliers using our free comparison tool below.
Image Credit: Zivica Kerkez / Shutterstock.com
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