Myer Credit Card
Earn MYER one Shopping Credits, pay no annual fee for the first year and get up to 55 interest-free days on purchases with the Myer Credit Card.
You can use the Myer Credit Card to make purchases and earn Myer one Shopping Credits per $1 spent on eligible purchases. You can redeem your credits for Myer one Reward gift card to save on your next shopping spree. When you apply for the Myer Credit Card, you can save with a $0 annual fee in the first year and 0% p.a. interest on balance transfers for 14 months.
0% p.a.
Balance transfer rate
for 14 months
0% p.a.
Purchase rate
for the first 6 months (reverts to 20.69% p.a.)
3
Reward points
Per $ spent (Visa/Mastercard)
$0 p.a.
Annual fee
for the first year ($69 p.a. thereafter)
Details
| Product Name | Myer Credit Card |
|---|---|
| Rewards program | Myer One |
| Balance transfer rate | 0% p.a. for 14 months |
| Balance Transfer Revert Rate | Purchase Rate (20.69% p.a.) |
| Purchase rate (p.a.) | 0% for 6 months, reverts to 20.69% p.a. |
| Annual fee | $0 p.a. annual fee for the first year ($69 p.a. thereafter) |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 20.69% p.a. |
| Min credit limit | $1,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | No |
| Minimum Income | $30,000 |
|---|---|
| Minimum age | 18 years of age |
| Available to temporary residents | No |
| Joint application | No |
Pros
- Up to 3 Myer one Credits, uncapped.
- 0% p.a. interest rate on balance transfers for 14 months with no balance transfer fee
- No annual fee for the first year
- 0% interest for 6 months on eligible purchases at Myer
Cons
- The balance transfer reverts to relatively high purchase rate after the introductory period.
| Rewards program | Myer One |
|---|---|
| Rewards Points per $ spent (Visa/Mastercard) | 3 |
| Annual fee | $0 p.a. annual fee for the first year ($69 p.a. thereafter) |
|---|---|
| Minimum monthly repayment | 2.5% of the closing balance or $50, whichever is greater |
| Late payment fee | $35 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Cash Advance Fee | 3% or $5, whichever is greater |
| Overseas cash advance fee | 3% or $5, whichever is greater |
| Additional cardholder fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.
