Myer (Store) Card Coming Soon.
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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.
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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.
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.
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.
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.
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.
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)
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Re: Myer (Store) Card Coming Soon
Quote:
Originally Posted by nagelixin
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.
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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)
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.
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Re: Myer (Store) Card Coming Soon
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:
Quote:
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.
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