Department Store Credit Cards

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

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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
ColesCiti

Rewards Credit Card Comparison

Rates last updated November 13th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Kogan Money Black Card
Kogan Rewards Program
1
20.99% p.a.
$0 p.a.
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $300 Kogan.com Credit and uncapped rewards points.
David Jones American Express Card
15,000 bonus points
Membership Rewards / Qantas Frequent Flyer
1
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 on eligible spend.
David Jones American Express Platinum Card
30,000 bonus points
Membership Rewards / Qantas Frequent Flyer
1
20.74% p.a.
$295 p.a.
DJ's shoppers and Qantas travellers earn 30,000 bonus Membership Rewards points or 15,000 Qantas Points on eligible spend.

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Credit Cards Comparison

Rates last updated November 13th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 22 months with 1% balance transfer fee
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% p.a. interest rate on balance transfers for the first 22 months, with a 1% balance transfer fee. Plus, a reduced $64 first year annual fee.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months.
Citi Clear Platinum Credit Card
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

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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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