The primary bank cards have been revealed below the brand new partnership between iconic Australian retailer David Jones and Australia’s main client lender Latitude Monetary.
After terminating its contract with American Categorical in 2023, David Jones signed an unique 10-year settlement with Latitude Monetary. Latitude at the moment companions with distinguished manufacturers similar to JB HiFi, Harvey Norman, Samsung and Apple.
Now, the primary Latitude-issued bank cards have been launched. In contrast side-by-side, the brand new David Jones Premier and David Jones Status playing cards embody related options to the now-discontinued American Categorical playing cards.
Each playing cards earn factors on on a regular basis spending and embody unique invites to occasions and previews, procuring reductions and free supply for on-line orders. David Jones can also be providing journey reductions with Expedia, Wotif and reserving.com while you ebook utilizing your card.
As well as, the David Jones Status bank card consists of complimentary lounge passes and complete journey insurance coverage.
Clients will discover the most important change is the rewards program; somewhat than choosing Amex Membership Rewards or Qantas Factors, cardholders will earn David Jones Factors.
These factors will be redeemed for David Jones present playing cards, credit score or purchases through the net David Jones factors hub.
Whereas the phrases and situations point out transferring factors to airline frequent flyer applications, no info confirms that this function is at the moment out there.
As a part of the contract, Latitude will purchase David Jones’ current bank card portfolio, together with these held by American Categorical.
Cardholders with an lively David Jones American Categorical card will transition onto a brand new David Jones bank card, and the steadiness transferred to Latitude. Membership rewards factors can even be carried over to the brand new account.
David Jones has said it’s going to talk with its prospects all through the transition, which is anticipated to be accomplished by July 2024.
Out of all of the credit score lenders on supply, David Jones says it selected Latitude due to its “fashionable expertise platform”, which may ship a greater buyer expertise.
“Our Monetary Companies program is a core pillar of our service providing to prospects,” mentioned Scott Fyfe, CEO of David Jones. “We’ve partnered with Latitude as a result of we share a standard imaginative and prescient to ship a best-in-class, digital-first card providing.”
Latitude serves greater than 2.8 million prospects in Australia and New Zealand and has a associate community of over 5,500 shops.
| David Jones Premiere | David Jones Status | |
|---|---|---|
| David Jones Factors earned | Earn 2 factors per $1 at David Jones | 4 factors per $1 at David Jones |
| Earn 3 factors per $1 at taking part supermarkets and petrol stations | 3 factors per $1 at taking part supermarkets & petrol stations | |
| Earn 1 level per $1 all over the place else | 1 level per $1 all over the place else | |
| Annual charge | $99 | $295 |
| Additional cardholder | $24 | none |
| Rate of interest | 23.99% | 23.99% |
I’ll take a deep dive into these two playing cards within the subsequent few weeks, however when you’re eager on bonus factors then you may try my round-up of rewards bank cards and frequent flyer bank cards.
