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Store Credit Cards

Want more rewards for your shopping? Compare store credit cards that offer points and other perks at David Jones, Coles, Woolworths and Kogan.

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Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate p.a. Annual fee
David Jones American Express Card
N/A
Membership Rewards
1
20.74%
$99
Receive $200 credit when you spend $1,500 outside David Jones within the first 3 months from card approval.
David Jones American Express Platinum Card
N/A
Membership Rewards
1
20.74%
$295
Receive $450 credit when you spend $1,500 outside David Jones within the first 3 months from card approval.
Kogan Money Black Card - Exclusive Offer
N/A
Kogan Rewards Program
1
20.99%
$0
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $30 Kogan.com Credit and uncapped rewards points.
Coles No Annual Fee Mastercard
20,000
Flybuys
0.5
19.99%
$0
Get 20,000 bonus Flybuys points when you spend $3,000 on eligible purchases in the first 90 days. Plus, an ongoing $0 annual fee.
Coles Low Rate Mastercard
N/A
Flybuys
0.5
12.99%
$58
Enjoy 0% p.a. on balance transfers for the first 36 months (with no balance transfer fee).
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What is a store card?

Store cards give you benefits when you shop with a particular brand or retailer. For example, you could earn a higher rate of points per $1 for spending with an associated store, or enjoy complimentary shipping, exclusive sales and long interest-free offers.

A lot of store cards also have the retailer's branding printed on the physical card but are issued by a bank or other financial institution. For example, David Jones credit cards are issued by American Express and Kogan credit cards are issued by Citigroup.

Can I use a store card for other spending?

Usually you can use your store card to shop anywhere that accepts regular cards, as most store cards in Australia are Visa, Mastercard or American Express options. Some stores do offer cards that you can only use with the associated store but this is more common with store cards that are issued overseas.

Store cards in Australia

There are 5 store credit card brands in Australia, covering supermarkets, department stores and online retailers:

  • Coles
  • David Jones
  • Myer (not currently taking new applications)
  • Kogan
  • Woolworths (not currently taking new applications)

Right now, you can only apply for a store card from Coles, David Jones and Kogan.

New applications for both Woolworths and Myer credit cards have been "temporarily paused" since the start of the coronavirus pandemic in 2020. This was a decision made by Macquarie Bank, which is the issuer of both brands.

What benefits do store credit cards offer?

Store credit cards usually offer a range of perks you can enjoy when you shop with the brand, or elsewhere. These features vary between cards but often include:

  • Reward points

Most store cards in Australia offer points per $1 spent on eligible purchases. Generally, you’ll earn the highest amount of points for spending with the store and a lower amount for spending everywhere else.

  • VIP offers

Some store cards give you access to exclusive events, offers and sales. The David Jones American Express, for example, offers card member shopping events, Instant Rewards such as savings or gifts for specific purchases, and complimentary gift wrapping for purchases made in-store or online with David Jones.

  • Shopping discounts

You can often get savings on your shopping with the store or associated brands when you use a store card to pay for purchases. For example, with a Woolworths credit card you can get 10% off your first shop in-store or online at Woolworths on a selected weekend each month by scanning the barcode on the back of your credit card and paying with it. David Jones and Myer credit cards may also offer member discounts at various times throughout the year.

  • Complimentary delivery

If you shop online, you could enjoy complimentary delivery options with the brand that’s linked to your store card. For instance, David Jones American Express Platinum offers complimentary priority delivery for eligible items purchased in store at David Jones.

  • Flexible payment plans

Credit cards may also offer you different payment options for purchases you make with the linked brand. Currently, David Jones offer this type of benefit, with some options including:

    • Up to 1 year interest-free with no deposit when you spend at least $500 on your card in one transaction across all departments, in-store or online, at David Jones.
    • Up to 5 years interest-free with no deposit when you spend $1,000 or more on your card in one transaction, across all departments in-store or online at David Jones.
    • 3 Months Pay Later for up to 3 months when you spend $50 or more on your card across all departments in-store or online at David Jones.
  • Other benefits

Depending on the store card you choose, you could also enjoy perks such as complimentary travel insurance, purchase insurance and airport lounge access.

Reward credit cards with other store benefits

Beyond store-branded credit cards, there are some other rewards cards that offer extra value with particular types of stores and brands.

For example, NAB Rewards credit cards offer higher amounts of points for spending with Webjet and at major department stores (as well as for overseas spending). And CommBank Awards credit cards offer bonus points when you shop with Bonus partners. You can also redeem CommBank Awards points for shopping at Myer or travel booked through Flight Centre.

Other cards may also offer ongoing or promotional deals with stores and brands, so check your account for offers or ask your provider.

Comparison: Store card rewards, other benefits and features

To give you an idea of the potential value you can get from a store credit card, the table below includes details of reward point earn rates, other benefits and annual fees offered on a range of store cards you can get in Australia.

CardEarn rateOther benefitsAnnual fee
Coles Rewards Mastercard
  • 2 Flybuys points per $1 spent on eligible purchases
  • Doubles as your Flybuys rewards card
  • No international transaction fees
  • Mobile payment options
  • 24/7 concierge service
  • Merchandise protection insurance
$99
David Jones American Express Platinum Card
  • 4 points per $1 spentat David Jones
  • 3 points per $1 spent at major supermarkets and petrol stations
  • 1 point per $1 spent everywhere else
  • Complimentary priority delivery options
  • Exclusive VIP invitations to special in-store events
  • Complimentary gift-wrapping
  • Deferred payment, pay later and interest-free payment options for David Jones purchases
  • Complimentary insurance covers
  • Complimentary access to the American Express Lounge at Sydney International Airport
$295
David Jones American Express Platinum Card - Qantas Frequent Flyer
  • 2 points per $1 spent at David Jones
  • 1.5 Qantas Points per $1 spent at major supermarkets and petrol stations
  • 0.5 Qantas Points per $1 spent everywhere else
  • All the same benefits as the David Jones American Express Platinum card
  • Note that Qantas Points are automatically converted from the Reward Points you earn
$295
Kogan Money Black Card
  • 2 rewards points per $1 spent at Kogan.com
  • 1 rewards point per $1 spent on all other eligible transactions
  • Complimentary Kogan First Membership, with perks including member deals, free delivery on eligible products, express shipping upgrades and priority customer service
  • Use points to get money off your shopping at Kogan.com, with 1 point giving you 1 cent of value
$0
Myer Credit Card

(Not currently taking new applications)

  • 3 MYER one shopping credits per $1 spent on eligible purchases at Myer
  • Up to 3 MYER one shopping credits per $1 on eligible purchases with MYER one affiliates
  • 1 MYER one shopping credit per $1 spent on eligible purchases everywhere else
  • Doubles as your MYER one loyalty card
  • 2,000 shopping credits convert to a $20 MYER one Rewards Card, with points automatically converted in each Program Quarter
  • Compatible with Google Pay and Apple Pay
  • All the benefits of MYER one membership, including invitations to exclusive events and special member offers
$0 annual fee for the first year ($69 p.a. thereafter)
Woolworths Qantas Platinum Credit Card

(Not currently taking new applications)

  • 1 Qantas Point per $1 spent on eligible purchases, uncapped
  • 0.5 additional Qantas Point per $1 spent on selected Qantas products and services
  • Doubles as your Everyday Rewards membership card
  • 10% off your first shop in-store or online at Woolworths on a selected weekend each month when you scan the barcode on the back of your credit card and pay with your Woolworths Credit Card (Excludes Tasmanian stores; Maximum purchase amount of $500)
  • 50% off selected wine cases at Cellarmasters
  • Up to 10% off Woolworths Insurance
  • Complimentary insurance covers, including travel insurance
$99 annual fee for the first year ($169 p.a. thereafter)

How to compare store credit cards

As well as comparing the benefits of a store card, make sure you consider the following features so you can find one that suits your needs:

  • Card acceptance

Make sure the card is an American Express, Mastercard or Visa option if you want to be able to use it outside the associated store.

  • Annual fee

Most store credit cards in Australia have an annual fee, which could be as low as $69 or as high as $295 depending on the card.

  • Interest rates

Store credit card interest rates typically range from 19.99% p.a. to 20.74% p.a. (variable) for purchases but could be higher for cash advances.

  • Payment plan rates and fees

If your store card offers long-term payment plans for in-store purchases, make sure you check for establishment and maintenance fees.

For example, the interest-free instalment payment options available with a David Jones card may attract an establishment fee and a monthly account-keeping fee. There are also interest rates that may apply if you don’t pay the balance off by the end of the payment plan period.

  • Balance transfer

If you have existing card debt you’d like to transfer to a new store credit card, you may be able to get a promotional 0% interest rate if you request the transfer at the time of your application.

Just remember to check the standard rate that will apply to the debt if you don’t pay it off during the introductory period.

What to avoid with a retail credit card

  • Spending just to earn points

Justifying an unnecessary purchase on the basis that you have earned some points is poor thinking. Not only could you end up with a purchase of little value, but you may take your balance into an area that you cannot pay off in full.

  • Losing track of your spending

If you have any doubts about your ability to manage a larger credit card bill, or to balance any sudden large shift from cash to plastic, then putting your everyday bills onto your retail rewards credit card would be unwise. Your balance needs to be paid off in full each month for your points to be of some benefit. If you end up paying interest, you have lost the game.

  • Making cash transactions

These include cash withdrawals from ATMs, cashback at a cash register, traveler's cheques and foreign currency, and gambling transactions. These will not earn you points, but they will earn your a higher rate of interest from the moment they are made, as well as a cash advance fee.

Bottom line? Store credit cards can help you get more benefits when you regularly shop with a particular brand or store. Just remember to look at all the features and fees of the card, then compare a range of options so that you can find one that suits your needs.

Frequently asked questions

Do store cards count as credit cards?

Most store cards in Australia are credit cards with American Express, Mastercard or Visa functionality. This means you can use them anywhere regular credit cards are accepted. It also means that details of the store card will be added to your credit history.

Can I use a retail branded credit card anywhere?

Yes, as long as the card has a Visa, Mastercard or American Express logo, you can use it anywhere these cards are accepted. Note that you may earn reward points at a different rate when you make a purchase at a retailer that has no affiliation with the retail brand. Check the terms and conditions for specific information about transactions that are eligible and ineligible to earn points.

How do I get an interest-free period on a store card?

Some store credit cards have an extended interest-free promotion on purchases. Usually you’ll need to present your store card and/or spend a specific amount on eligible purchases to use one of these 0% interest offers. Note that fees may also apply.

Most store cards also offer up to a certain number of interest-free days on purchases for each statement period. 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.

Can I transfer my credit card balance to a store credit card?

If the card you're after 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.

However, you won't be able to transfer your credit card balance to a store card that is designed only for spending at a particular store.

Can I balance transfer a store card debt to a credit card?

Yes, most balance transfer credit cards will accept debts from store cards, as well as other credit cards that are not issued by the same financial institution. You’ll just need to include details of your store card account and debt when you apply for the balance transfer.

What store cards work with Apple Pay?

American Express David Jones credit cards offer Apple Pay functionality. If you're interested in getting a credit card that works with Apple Pay, check out this guide to compare other options.

Can I get a store card for Amazon Australia?

At this stage, Amazon does not offer a store card in Australia. Alternatively, you could consider buying an Amazon gift card that you can use to pay for purchases made through the online store. Note that this option means you'll be spending your own money in gift card form, as opposed to using a credit card.

Pictures: Shutterstock

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