The American Express David Jones Platinum card has a high interest rate on purchases, a high annual fee and a moderately low interest-free period. There is also a high late repayment fee and no current facility for balance transfers. Cardholders can earn Qantas Points or American Express Membership Rewards points when they use the card to spend at David Jones or other retailers. Up to four additional cardholders may be added for free.
There is an initial bonus offer of 40,000 Membership Rewards points or 30,000 Qantas Points for people who apply online, are approved and spend three times on the card (outside David Jones) within the first month of becoming a card member.
The card may be used with Google Pay, Apple Pay and Samsung Pay. Security is provided by intelligent security systems, a secure payment process and a fraud protection guarantee.
- Initial bonus points offer
- Complimentary travel insurances
- Four free additional cardholders
- High interest rate
- High annual fee
- High late repayment fee
Who is it good for?
This card is aimed at people who spend a lot on purchases generally, and in particular at David Jones stores. Cardholders have the choice of joining either the Membership Rewards program or the Qantas Frequent Flyer program. Depending on the program, they can earn 40,000 bonus Membership Reward Points or 30,000 bonus Qantas Points upon joining. However, those can only be earned by spending three times with the card, outside of David Jones, within the first month of receiving the card.
The card offers the potential to earn up to 4 Membership Rewards points per $1 spent and there are also invitations to special VIP events like the Season Launch Fashion Parades. Cardholders can also extend the manufacturer's warranty for up to 12 months on eligible purchases.
Overall, this is a card for loyal David Jones shoppers as well as those who just love their shopping.
What RateCity says
The American Express David Jones Platinum card may appeal to shopaholics who want to earn decent rewards points while they spend. However, the card also comes with interest rates, late repayment fees and annual fees that are at the upper end of the marketplace. So be careful on those shopping sprees to make sure you pay off the statement balance in full each month. There are also less than the standard number of interest-free days on purchases.
The card also offers complimentary travel insurances and two complimentary entries to the American Express Lounge at Sydney International Airport each year. This will particularly appeal to those who choose to earn Qantas points for travel.
There are also some other in-store benefits when you spend with the card at David Jones, along with the greatest points earning power, even though you can still earn points when spending elsewhere.
To apply for the American Express David Jones Platinum card, you must be at least 18 years old and either a permanent resident or citizen of Australia, or are here on a subclass 457 – business long stay visa. You must have a good credit history and no payment defaults, and a personal or household gross (pre-tax) annual income of at least $65,000. Applications can be done online, with a response given in approximately five to 10 working days.
About American Express
American Express is a leading issuer of personal, small business and corporate credit cards. Beginning in 1850 as an express mail business, it eventually expanded into the area of financial services with money orders and travellers’ cheques, which made the company international. Its credit card was launched in 1958. Today, the company operates in more than 130 countries and has over 110 million cards in force, making it the world's largest card issuer by purchase volume.