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 present 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 embody comparable options to the now-discontinued American Specific 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 if you e-book 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; fairly than choosing Amex Membership Rewards or Qantas Factors, cardholders will earn David Jones Factors.
These factors will be redeemed for David Jones reward playing cards, credit score or purchases by way of 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 present accessible.
As a part of the contract, Latitude will purchase David Jones’ present bank card portfolio, together with these held by American Specific.
Cardholders with an lively David Jones American Specific card will transition onto a brand new David Jones bank card, and the stability transferred to Latitude. Membership rewards factors will even be carried over to the brand new account.
David Jones has said it would talk with its clients 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 know-how platform”, which might ship a greater buyer expertise.
“Our Monetary Providers program is a core pillar of our service providing to clients,” 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 clients in Australia and New Zealand and has a companion 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 in all places else | 1 level per $1 in all places else | |
| Annual charge | $99 | $295 |
| Further 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 if you happen to’re eager on bonus factors then you may take a look at my round-up of rewards bank cards and frequent flyer bank cards.
