Myer Visa Card

20.69% p.a.

0% p.a. for 14 months and then 20.69% p.a.

$69 $0 in the first year

Myer Visa Card Review

Rates and fees information correct as at 22 July 2018.

Review published: 25 August 2014

What's hot:

  • Earn MYERone Shopping Credits

  • Low $69 annual fee

  • Both Apple and Android Pay

What's not:

  • $35 late payment fee

Mozo snapshot:

If you are looking for a rewards credit card that earns you shopping rewards, the Myer Visa Card is a top contender. It has a low $69 annual fee, which will be waived in the first year as long as you get your hands on this piece of plastic by 31 August 2018 and if you're a big spender you'll be pleased to know that the Shopping Credits are uncapped and never expire.

Key features:

The Myer Visa Credit card is linked to the MYER one rewards program. Every time you use your card you'll earn MYER one shopping credits. 3 Shopping credits for every $1 spent at Myer, up to 3 credits at Myer Affiliates and 1 MYER one Shopping Credit for every $1 spent elsewhere.

Unlike rewards schemes where you save up your points over time, with the Myer Visa Card every time you get 2000 points you will be sent a $20 Myer gift card to use in store and you can use both Apple and Google Pay in order to accrue those points.

The interest rate on purchases is 20.69% but you get one of the longest interest free periods around at 55 days. With this rewards card you will also enjoy the 0% balance transfer rate for a whopping 14 months before it reverts to the cash advance rate of 20.69% so get your debt sorted asap.

If using the card overseas or online there is a 3% foreign exchange margin of the Australia dollar amount on all transactions

Who it's good for:

Loyal Myer customers.

Any catches?

There is a $35 late payment fee so be sure to automate your repayments.

How are Myer credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
6.5

Based on 24
Myer credit cards reviews

5.4 6.1 6.4 6.5 6.7

Read Myer credit card reviews by the Mozo community

Latest reviews of Myer Visa Card

Myer

Myer Visa Card credit card review

Overall rating   6 / 10

Fabulous reward points, just pay it off on time.

The rewards for this card actually add up. I receive more in benefits and rewards cards than the annual fees, so as long as I pay it off I am well ahead.

Full review

The rewards for this card actually add up. I receive more in benefits and rewards cards than the annual fees, so as long as I pay it off I am well ahead.

    Price   3 / 10

    Features   9 / 10

    Customer service   2 / 10

    Convenience   1 / 10

    Trust   2 / 10

Less

Joanna (SA), reviewed over 2 years ago

Myer

Myer Visa Card credit card review

Overall rating   8 / 10

Great rewards program & clear, timely statements.

Easy online use and account updated instantly. Can pay account in-store, last minute, if necessary. Fantastic rewards program, both earning and redeeming. Rather high credit interest rate and impersonal phone service.

Full review

Easy online use and account updated instantly. Can pay account in-store, last minute, if necessary. Fantastic rewards program, both earning and redeeming. Rather high credit interest rate and impersonal phone service.

    Price   6 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Nicolette (VIC), reviewed almost 3 years ago

Myer

Myer Visa Card credit card review

Overall rating   9 / 10

Excellent rewards, great anti-fraud security

Great Gold Card - excellent MyerOne loyalty points program.

Full review

Great Gold Card - excellent MyerOne loyalty points program.

    Price   6 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Guy (NSW), reviewed almost 3 years ago

Myer

Myer Visa Card credit card review

Overall rating   7 / 10

Rewards

I shop frequently at Myer, so I use the rewards vouchers.

Full review

I shop frequently at Myer, so I use the rewards vouchers.

    Price   8 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Lachlan (NSW), reviewed almost 3 years ago

Myer

Myer Visa Card credit card review

Overall rating   9 / 10

Fantastic value and reward

I love this card, the rewards are fantastic allowing me to save with vouchers to use at Christmas .

Full review

I love this card, the rewards are fantastic allowing me to save with vouchers to use at Christmas .

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Kelly (VIC), reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Earn MYERone shopping credits. When you've earned $20 value you automatically receive a $20 Myer Gift Card.
  • Earn triple points when you use your Myer Visa at Myer when presenting your Myer one Card as well.

Value of rewards points

  • Need to spend $10,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, uncapped

  • 10000 points buys a Myer $100 Gift Card

* How did we do it? Find out...

Rates

  • 20.69% p.a.

  • none

  • 0% p.a. for 14 months and then 20.69% p.a.

  • yes

  • 20.69% p.a.

  • 55

Fees

  • $69.00

  • $0 in the first 1 year

  • none

  • none

  • $35.00

  • 3%, Min $5

  • 3.00%

  • $0.00

  • $7.00

  • $9.00

Other financial bits

  • $50.00

  • 2.5

Features

  • 8

  • $2.50 charged each month you have an interest free balance.

  • 6 months interest free on Myer transactions over $250.

About Myer

Myer is Australia's largest department store group and has been synonymous with style and fashion for over 100 years. Myer has a strong connection with its customers, with one of the most reputable retail brands in Australia. It is known for its welcoming, familiar, trusted, stylish and fun shopping environment as well as its strong culture of philanthropy and local community engagement. The Myer Visa card allows you to enjoy real rewards in the form of MYER one Gift Cards to spend in store at Myer.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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