Store Credit Cards

From David Jones to Coles and Woolworths, compare store credit cards and get more benefits based on where you shop.

There is a selection of credit cards on the market that are linked to specific retail brands. Commonly known as "store cards", these products offer benefits when you shop with the brand. Most store cards can also be used as a regular credit card and allow you to make purchases anywhere Visa, Mastercard or American Express is accepted.

As well as offering you extras when you shop with a particular brand, store cards usually offer rewards for your everyday spending. They also typically carry interest rates and fees similar to those of other rewards cards. Use this guide to compare store credit cards and learn more about them so you can decide if this type of card is right for you.

Store Credit Card Comparison

Rates last updated November 19th, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
David Jones American Express
20,000 bonus points
1
20.74% p.a.
$99 p.a.
Receive benefits through David Jones including complimentary standard delivery, gift wrapping and invites to exclusive fashion events.
NAB Rewards Classic Card
30,000 bonus points
0.75
19.99% p.a.
$95 p.a.
Earn 0.75 NAB Rewards Points per $1 spent and receive complimentary purchase protection insurance.
Woolworths Everyday Platinum Credit Card
1
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
David Jones American Express Platinum Card
40,000 bonus points
1
20.74% p.a.
$295 p.a.
Receive invitations to exclusive Season Launch Parades and fashion events, complimentary priority delivery and personal shopping perks.
NAB Rewards Platinum Card
60,000 bonus points
1
19.99% p.a.
$195 p.a.
Collect 60,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
David Jones American Express Platinum Card - Qantas Frequent Flyer
30,000 bonus points
0.75
20.74% p.a.
$295 p.a.
Fly faster with up to 3 Qantas Points per $1 spent and receive complimentary travel insurance when travel is booked on your card.
Coles Platinum No Annual Fee Mastercard
0.5
19.99% p.a.
$0 p.a.
Receive $100 off a Coles Supermarket shop if you apply, are approved and make an eligible purchase in the first 30 days. Plus, a higher credit limit.

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What are the features of a store credit card?

Store credit cards work like regular credit cards. These main features are common among all store credit cards:

    • Rewards. You get rewarded with points for every dollar you spend at certain retailers. Rewards points can be redeemed for discounts on certain items, goods and travel rewards.
    • Interest-free. Some store credit cards offer interest-free terms when you sign up. These offers allow you to buy now and pay later; however, a high rate of interest can be charged when the promotional offer expires. Store credit cards also offer up to 55 days interest-free on purchases if you pay your balance in full each month.
    • Interest charges. Ongoing rates of interest can be higher than what is charged on other products. Be sure to compare all credit card types before you apply so you can find the credit card that is right for you.
    • Annual fee. An annual fee may be charged by the card issuer when you apply for a store card.
    • Balance transfers. If you need to consolidate debt, a store credit card that comes with a promotional balance transfer offer could be of interest.

Overview of Australian store credit cards with loyalty programs

Some of the most popular store cards in Australia include:

  • Woolworths Everyday Money. Everyday Money offers a Platinum Visa and a Platinum Qantas credit card. The Platinum Visa rewards you with Everyday Money points to use at the checkout; while the Qantas card gives you Qantas Points when you spend. The Platinum Everyday Money Visa is the type of account that has a tiered earn rate depending on where you shop.
  • Coles Mastercard. Coles have a couple of Mastercard credit cards: a low rate and no annual fee credit card and a rewards Mastercard linked to the flybuys customer loyalty program. You can also earn flybuys points with the Coles No Annual Fee Mastercard, albeit at a lower 0.5 points per dollar spent. The Coles Rewards Mastercard deserves a mention for the currency conversion fee waiver on international purchases.
  • David Jones American Express. David Jones and American Express have a partnership across a couple of different credit card products which includes a Platinum American Express. Cardholders are rewarded with American Express Membership Rewards Points. American Express Membership Rewards is one of the most versatile rewards programs. You can transfer your points to frequent flyer partners and even earn rewards points paying your tax bill.
  • Myer Credit Card. Linked to the department store's MYER one rewards program, the Myer Credit Card offers you up to 3 MYER one Shopping Credits for every dollar you spend at Myer and with MYER one affiliates. You'll also earn 1 Shopping Credit per $1 spent everywhere else, uncapped. Every 2,000 Shopping Credits you accumulate per Program Quarter will be automatically converted to a $20 MYER one Reward Card.

The Latitude Mastercard and the HSBC Low Rate Credit Card are also worth bringing up. Although these credit cards are not offered by a retailer, like the David Jones American Express and the Coles Mastercard, the Latitude card and HSBC card have promotional offers when you shop at particular retailers.

Pros and cons of using a store credit card

Pros

  • Rewards. Store credit cards reward you with points you can use to shave a few dollars off your next shop or purchase.
  • Bonuses. Some store credit cards have sweeteners like gift vouchers or bonus point on signup.
  • Shopping benefits. You may be eligible for exclusive extras like interest-free finance and free shipping or gift wrapping when you use your store credit card to make a purchase at participating retailers.

Cons

  • Interest rates. Store credit card debts generally accrue interest at a higher rate than other credit cards.
  • Limitations. You may earn less points per dollar spent when you shop at a retailer not affiliated with the store card provider.

How to apply for a store credit card

You can click the links on this page to apply for one of these store credit cards. You will be directed to the card provider’s website and a secure online store credit card application. The application takes only ten minutes to complete and you get a response about the status of your application within minutes.

Each store credit card has a list of eligibility requirements, but some of the general requirements you can expect include:

  • Aged 18 years or older
  • Australian resident
  • Meet a certain minimum annual income

You may also be asked to provide the following information:

  • Identification (such as a driver’s licence)
  • Details of your income, assets, expenses and liabilities

You can find the specific eligibility requirements for each card by referring to our card reviews.

A credit card from your favourite retailer can seem like a good way to cash in on your purchases. As there are many available on the market, your ideal bet is to consider your spending habits and compare your options before applying.'

Frequently asked questions

Yes, you can use a store credit card to make purchases anywhere Visa, Mastercard or American Express is accepted. You may be subject to a reduced earn rate when you make a purchase at a retailer that has no affiliation to the card provider. Check the terms and conditions for specific information about transactions that are eligible and ineligible to earn points.

If the product has an active balance transfer promotion. you can transfer your credit card debt to a store credit card. Generally, you elect to transfer a balance from another credit card at the point of application for the new product.

Some store credit cards have an extended interest-free promotion on purchases. We put this information in our store credit card comparison tables. Even if there is no interest free promotional offer, you may still receive interest-free days on your purchases. Just be sure to pay your account in full each month and you won’t get charged any interest on the purchases you make during the next statement period.

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Read more on this topic

Qantas Premier Platinum
Qantas Premier Platinum

Interest rate

19.99

Annual fee

299
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99

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Credit Cards Comparison

Rates last updated November 19th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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