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Myer (Store) Card Coming Soon

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nagelixin

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Newbridge Capital are currently working on a new Myer Card. This card will be linked to the relaunched Myer One program.


From November 13 each dollar spent will earn you 2 points.
$1000 = 2000points = $20 voucher


No news on who Newbridge have partnered with for this new card.


I can only guess Flybuys will be phased out at Myer, and that the ColesMyer Card will not be accepted - for interest free, as they would want you to use the new Myer Card.
 

oz_mark

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nagelixin said:
Newbridge Capital are currently working on a new Myer Card. This card will be linked to the relaunched Myer One program.


From November 13 each dollar spent will earn you 2 points.
$1000 = 2000points = $20 voucher


No news on who Newbridge have partnered with for this new card.


I can only guess Flybuys will be phased out at Myer, and that the ColesMyer Card will not be accepted - for interest free, as they would want you to use the new Myer Card.
Will be interesting to see how they deal with existing cardholders going forward. Also wonder how GE will figure in the equation, as Myer had a long term contract with GE to provide credit cards.
 

nagelixin

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And if you are an existing Coles Myer card holder, would you have to go through the process fo a full credit (baycorp) enquiry???



In a 'what if'.... I would of love to of seen an alternate path if Coles Myer did not sell ARFN (Australian Retial financial Network) to GE. Just look at how much the Credit Card is helping the bottom line at David Jones.
 

JohnK

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nagelixin said:
I can only guess Flybuys will be phased out at Myer, and that the ColesMyer Card will not be accepted - for interest free, as they would want you to use the new Myer Card.
There must be a little tit for tat going on at the moment. If what I heard the other day is correct it would appear Myer employees are still receiving the 5% ColesMyer staff discount and ColesMyer management would love to terminate this benefit ASAP.
 

oz_mark

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nagelixin said:
In a 'what if'.... I would of love to of seen an alternate path if Coles Myer did not sell ARFN (Australian Retial financial Network) to GE. Just look at how much the Credit Card is helping the bottom line at David Jones.
There were certainly those with the old coles-myer group that expressed some regret that ARFN was sold off.
 

nagelixin

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The official launch of the new Myer Card is November 13. It will be backed by GE Money.
 

oz_mark

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I think it is unfortunate that they seem (bu the pictures of the card in an advertisement) to have gone for a pure store card, rather than the dual card approach that was taken with the Source Card. David Jones has been looking toward this model as well, converting from a pure store card to a more generic card.

I probably need to figure out if the Source Card has a future in my wallet, as I pretty much only use it for Interest Free offers at Myer (and it has been a while since that happened)
 

NYCguy

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nagelixin said:
And if you are an existing Coles Myer card holder, would you have to go through the process fo a full credit (baycorp) enquiry???



In a 'what if'.... I would of love to of seen an alternate path if Coles Myer did not sell ARFN (Australian Retial financial Network) to GE. Just look at how much the Credit Card is helping the bottom line at David Jones.

David Jones' store-card is arguably the most profitable part of the business. Newbridge Captial would do worse than keeping a majority interest in any store-card business that they launch for Myer.

As for the Source Mastercard, I can't imagine why anyone would want it if it's no longer useful for interest-free purchases as Myer.
 

Pointburner

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oz_mark said:
I think it is unfortunate that they seem (bu the pictures of the card in an advertisement) to have gone for a pure store card, rather than the dual card approach that was taken with the Source Card. David Jones has been looking toward this model as well, converting from a pure store card to a more generic card.

I probably need to figure out if the Source Card has a future in my wallet, as I pretty much only use it for Interest Free offers at Myer (and it has been a while since that happened)
I wouldn't be surprised if this is part 1 of the strategy, with a fully blown credit card to follow.

The immediate benefit of the store card is for Myer one members, who will get a 50% boost to their points per transaction if they use the Myer card as the payment mechanism.
 

Mal

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Here is some of the blurb on the new card. I presume I'll receive a personalised invite for it (being a current MyerOne member), but don't think I'll take it up unless they "give" it to me without any paperwork etc. Not really anything special in my books:

Introducing the new Myer Card ™. It’s the latest must have shopping accessory – giving you access to bonus MYER one Shopping Credits, special events – just for shopping at Myer.

Enjoy a Christmas in the black – with 3 months interest free*


You never need an excuse to go shopping at Myer, but if you do, Christmas is always a good one. You’ll find everything you need for family and friends in store at Myer.


Plus you can receive three months interest free on your Christmas purchases when you spend $250 or more in one transaction throughout the store on your Myer Card at Myer from Monday 13 November until Sunday 24 December 2006.

BONUS $20 Myer Card voucher


Apply today and, if approved, we’ll mail you a $20 Myer Card voucher in your welcome pack. It’s yours to spend on whatever takes your fancy. Exclusions apply

Shopping at Myer has never been so rewarding.


The new Myer Card has a host of features and benefits,

including:

The MYER one Program

The new Myer Card is linked with one of Australia’s best shopping rewards programs – MYER one. From 13 November, receive 2 MYER one Shopping Credits for every dollar spent at Myer+. PLUS, when you pay with your Myer Card and present your MYER one card, you’ll receive a bonus MYER one Shopping Credit – taking your total to 3 Shopping credits per dollar! When you reach 2,000 Shopping Credits you will automatically be sent a $20 MYER one Gift Card in your next Quarterly Mailing.

If you're not a MYER one Member you will receive a new Membership Card and Welcome Kit. If you are already a MYER one Member we will link your new Myer Card to your existing MYER one membership.

Invitations

Throughout the year receive invitations to events, shopping offers and discounts.

First To Know

You’ll also be one of the first to know about the newest products, exclusive offers and latest fashions.

Interest Free Offers

Special interest free promotions throughout the year ranging from 3 months up to 48 months#.

Up to 62 Days Interest Free

Just pay your account in full by the due date every month.

No Annual Fee

Best of all, you get all of these rewards and benefits with no annual fee~!

APPLY TODAY

Apply in store and, if approved, you can start shopping and earning MYER one Shopping Credits straight away. Alternatively you can pick up an application form in store and mail it back to us in the reply paid envelope provided.


The Myer Card interest rate for new purchases is currently 19.99% per annum ^ .


*Conditions of Three Months Interest Free Promotion. Available to approved customers who spend $250 or more in one transaction (after savings & discounts) across womenswear, intimate apparel, Miss Shop, menswear, childrenswear, footwear, fashion accessories, cosmetics & fragrances, books, stationery, toys, homewares, electrical and furniture on their Myer Card at Myer between 13/11/06 and 24/12/06. This offer cannot be used in conjunction with a negotiated price or combined with another interest free promotion. This notice is given under the Myer Card™ Contract Document (as applicable), which specify all other conditions of this offer. Credit provided by GE Capital Finance Australia ABN 42 008 583 588, trading as GE Money. Interest and payments are payable after the interest free period. Fees, charges and insurance premiums may be payable in accordance with your Contract Documents. Special promotion fee will not be charged.

+ Exclusions apply, see www.myerone.com.au for details.

#Special promotion fees may apply.

~Other fees and charges may be payable.

^ Interest rate as at 13 November, 2006. Rates are subject to change.


Myer Card can only be used at Myer stores.



MYER one and Myer Card are trademarks of Myer Ltd ABN 83 004 143 239.
 

Tiki

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I just got a $25 gift card valid until Sept 2008. They sent it automatically, I didn't ask for it. I bought a laptop last Sept for $1500, gave my Flybuys card, let the salesman sign me up for the Myer One program (not a credit card, like Flybuys program) and I paid for it on my Amex Rewards Maximizer.

This got me:
1500 Myer One points
600 Flybuys points
2250 Amex points

Not too shabby! :mrgreen:
 

oz_mark

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Mal said:
Here is some of the blurb on the new card. I presume I'll receive a personalised invite for it (being a current MyerOne member), but don't think I'll take it up unless they "give" it to me without any paperwork etc. Not really anything special in my books:
My current Source card started life as a Myer card, and I will be not too happy if they make me go through a full blown application to go back to one. (I do seem to recall that the old Myer Card was gold in colour) But as I have said elsewhere, my primary reason for having these cards was for the interest free offers.
 

oz_mark

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Tiki said:
I just got a $25 gift card valid until Sept 2008. They sent it automatically, I didn't ask for it. I bought a laptop last Sept for $1500, gave my Flybuys card, let the salesman sign me up for the Myer One program (not a credit card, like Flybuys program) and I paid for it on my Amex Rewards Maximizer.

This got me:
1500 Myer One points
600 Flybuys points
2250 Amex points

Not too shabby! :mrgreen:
Myer One will be the rewards program going forward at Myer. And just to complicate things the earn/burn rates on Myer One changed today.
 

nagelixin

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I think it is a bit lame that for us who had:

1) The original black and white Myer Card
2) Then the Gold Myer Card
3) Then the Red Coles Myer CArd
4) Then the Gold Coles Myer Source Mastercard

Have to apply for the card, and go through the ridiculous process of filling out an application form (no online option), or go in store.:confused:


True Myer is now a private company, but I will not be applying for this card...
 

oz_mark

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nagelixin said:
I think it is a bit lame that for us who had:

1) The original black and white Myer Card
2) Then the Gold Myer Card
3) Then the Red Coles Myer CArd
4) Then the Gold Coles Myer Source Mastercard

Have to apply for the card, and go through the ridiculous process of filling out an application form (no online option), or go in store.:confused:
While I skipped the red card part, I feared that this may actually be the case. Surely GE would have a way to do something about this.
 

sams

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I have a nice shiny Myer Card in my wallet right now - sadly it won't come out to play as much as I would have liked.

There is a $25 "special promotion fee" which will be charged on interest free purchases, which sort of defeats the purpose of interest free...

(This is under the "Fees and Charges" section of the "Myer Card Financial Table")
 

oz_mark

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sams said:
I have a nice shiny Myer Card in my wallet right now - sadly it won't come out to play as much as I would have liked.

There is a $25 "special promotion fee" which will be charged on interest free purchases, which sort of defeats the purpose of interest free...

(This is under the "Fees and Charges" section of the "Myer Card Financial Table")
These fees have become quite common in interest free promotions over the last period of time. The other is the monthly service fee (not sure whether Myer Card has this)
 

sams

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oz_mark said:
These fees have become quite common in interest free promotions over the last period of time. The other is the monthly service fee (not sure whether Myer Card has this)
It's in the Financial Table, but their call centre told me there is a letter going out saying the fee has been taken away.
 

nagelixin

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I am sure the Myer Card will.

All other GE cards have this fee.

GO Mastercard, Coles Myer Source, GE Creditline etc all have the $25 fee.

David Jones also introduced this as a way of raising further revenue. Over 1/3rd of DJ's income comes from its store card and other credit facilities - such as David Jones Credit Reserve.
 

nagelixin

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Oh also 31/1/2007 is the last day for Fly Buys and Interest Free on your Source Card at Myer.
 
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