A balance transfer lets you:
Use up to 80% of your Kogan Money credit card limit to pay down your balances on other credit cards or loans.
If applicable, lets you take advantage of a lower interest rate for the promotional period of the balance transfer.
Whilst taking advantage of the above points, you should remember that no interest free days are applicable to retail purchases when you have a balance transfer. This means any additional purchases will be charged interest at the Retail Purchase Rate. Also, when the promotional period ends, the balance transfer balance remaining at that point in time will revert to the Cash Advance Rate.