MyerOne

[arun]

Myers are introducing another loyalty program called MyerOne. Basically you get one point for every dollar spent at Myer. Once you get 1250 points you get a $25.00 gift card (aka gift voucher) that you can use at Myer. This is a good value 2c per point. Compare that with Altitude or AMEX : It is about 6500 to 7500 points for a $50.00 voucher.

When you pay by a credit card you still get the reward points to your credit card program in addition to MyerOne points in your MyerOne card. Moreover, you will also get FlyBuys.
So if I spend $1000.00 on my CPA Amex card, I will get 1500 points to my AMEX Rewards, 1000 points to MyerOne rewards, and 400 Flybuys.

I wonder if Myer is planning to ditch the FlyBuys in the future.

 

[oz_mark]

Having got my MyerOne offer in the mail today (Must spend too much money there), it appears that this program has a different target market to FlyBuys, and is quite specific to Myer (even excludes Megamart).

For the moment, I can't see this replacing FlyBuys.

 

[arun]

You are right. It is very specific to Myer. So it might be harder to get points if you do not shop there often. Not sure if there are expiry date on the points, if not it is money for nothing anyway (ie if you will shop at Myer regardless of points)!

 

[QF WP]

It's just another card targeted specifically at shopping at Myers. I signed up for one and added one for my wife when I got the marketing material a couple of months ago. We've spent around $1K there already, but haven't really followed up on what that's got me. Ho hum....

Just have to pull out three cards for each purchase...