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Department Store Credit Cards

For loyal shoppers, store credit cards can offer perks, discounts, exclusive event access and more.

When they were first introduced, department store cards were specific to one retailer or group and could only be used to shop there. Slowly, credit cards began to replace this type of department store card and now many of these same merchants offer what is called a "branded credit card". They are issued and serviced by another bank or lender but display the store name / logo and offer unique store perks and rewards. The drawback to these store credit cards is that you may be charged a higher interest rate and the rewards often do not extend to other retailers.

Rewards credit cards

How do store credit cards work?

Store credit cards work in the exact same way as traditional credit cards. You make purchases using the card in-store, over the phone or online and you can pay them off over time. Because they're issued by a regular bank or lender, the minimum repayments, interest, fees and charges work in the same way as a standard credit card and are outlined in a product disclosure statement by the bank.

Who makes money out of store credit cards?

All of the fees and charges you pay on the credit card are received and processed by the issuing bank (eg. by Citi on a Coles credit card) just like a standard bank-issued credit card. The store then receives a percentage of the revenue.

Which financial institution issues my store credit card?

StoreCredit Provider
MyerMacquarie Bank
WoolworthsMacquarie Bank

Rewards Credit Card Comparison

Rates last updated February 17th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
David Jones American Express Card
15,000 bonus points
Membership Rewards
20.74% p.a.
$99 p.a.
Not just for David Jones shoppers, receive 15,000 bonus Membership Rewards points or 7,500 Qantas Points when you meet the spend criteria.
NAB Rewards Classic Card
30,000 bonus points
NAB Rewards
19.99% p.a.
$95 p.a.
Get 30,000 bonus points when you meet the spend requirement, 0.75 NAB Rewards Points per $1 spent and a 0% p.a. balance transfer offer.
David Jones American Express Platinum Card
30,000 bonus points
Membership Rewards
20.74% p.a.
$295 p.a.
For DJ's shoppers or Qantas travellers, receive 30,000 bonus Membership Rewards points or 15,000 Qantas Points when you meet the spend criteria.
NAB Rewards Platinum Card
60,000 bonus points
NAB Rewards
19.99% p.a.
$195 p.a.
Collect 60,000 bonus points when you spend $1,000 within 60 days of account opening. Plus, receive complimentary travel and purchase insurances.
David Jones American Express Platinum Card - Qantas Frequent Flyer
15,000 bonus points
Qantas Frequent Flyer
20.74% p.a.
$295 p.a.
Fly faster with up to 2 Qantas Points per $1 spent and receive complimentary travel insurance when travel is booked on your card.
NAB Rewards Business Signature Card
100,000 bonus points
NAB Rewards
18.50% p.a.
$175 p.a.
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening.
BankSA Amplify Signature - Qantas
80,000 bonus points
Qantas Frequent Flyer
19.49% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 80,000 bonus Qantas Points when you spend $4,000 within 90 days and a $179 first year annual fee. Plus, complimentary lounge passes.

Compare up to 4 providers

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