The primary bank cards have been revealed beneath the brand new partnership between iconic Australian retailer David Jones and Australia’s main client lender Latitude Monetary.
After terminating its contract with American Specific in 2023, David Jones signed an unique 10-year settlement with Latitude Monetary. Latitude at the moment companions with distinguished manufacturers comparable 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 embrace related options to the now-discontinued American Specific playing cards.
Each playing cards earn factors on on a regular basis spending and embrace unique invites to occasions and previews, buying reductions and free supply for on-line orders. David Jones can be providing journey reductions with Expedia, Wotif and reserving.com if you guide utilizing your card.
As well as, the David Jones Status bank card contains complimentary lounge passes and complete journey insurance coverage.
Clients will discover the largest change is the rewards program; slightly 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 by way of the net David Jones factors hub.
Whereas the phrases and circumstances point out transferring factors to airline frequent flyer packages, no info confirms that this characteristic is at the moment obtainable.
As a part of the contract, Latitude will purchase David Jones’ current bank card portfolio, together with these held by American Specific.
Cardholders with an energetic David Jones American Specific card will transition onto a brand new David Jones bank card, and the steadiness transferred to Latitude. Membership rewards factors will 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 “trendy expertise platform”, which might ship a greater buyer expertise.
“Our Monetary Providers program is a core pillar of our service providing to prospects,” stated Scott Fyfe, CEO of David Jones. “We’ve got partnered with Latitude as a result of we share a typical 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 accomplice 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 collaborating supermarkets and petrol stations | 3 factors per $1 at collaborating supermarkets & petrol stations | |
| Earn 1 level per $1 all over the place else | 1 level per $1 all over the place else | |
| Annual payment | $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 for those who’re eager on bonus factors then you may try my round-up of rewards bank cards and frequent flyer bank cards.