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 resembling 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 Categorical playing cards.
Each playing cards earn factors on on a regular basis spending and embrace 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 whenever you guide 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 largest change is the rewards program; reasonably than choosing Amex Membership Rewards or Qantas Factors, cardholders will earn David Jones Factors.
These factors could be redeemed for David Jones reward 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 accessible.
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 stability transferred to Latitude. Membership rewards factors may also be carried over to the brand new account.
David Jones has acknowledged it can 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 provide, 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,” stated Scott Fyfe, CEO of David Jones. “We have now 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 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 collaborating supermarkets and petrol stations | 3 factors per $1 at collaborating supermarkets & petrol stations | |
| Earn 1 level per $1 in all places else | 1 level per $1 in all places 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 in the event you’re eager on bonus factors then you may take a look at my round-up of rewards bank cards and frequent flyer bank cards.