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.
This card has amongst the lowest spend rate to receive a reward. Spend $2000 and get a $20 giftcard. If you shop at partners you will accelerate points earnings. Interest free period is also among the longest. Call centres are mostly local and are very helpful. Online services are also very good.
Fantastic rewards that come very frequently. If you already have a MyerOne card you are able to accumulate a lot of rewards. It also pays to shop at Myer affiliated stores (a lot of IGA's these days are now affiliated so this helps a lot!). Rewards come in the form of Myer vouchers.
Had a Myer credit card for a couple of years only because I was charged the annual fee before I could cancel it. As good as the monthly interest spiel they give you sounds great, the interest rates charged afterwards are beyond ridiculous. They also sell the points system that accumulate over a period of time and lead to reward gift cards depending on the money you spend on them. What they fail to mention is that it pretty much only helps if you spend at Myer as the point max out at 2000 points which equal $20. If you spend $2000 outside of Myer with it you'll get a $20 voucher, if you spend $10000 outside of Myer with it you'll again receive a single $20 voucher
MYER VISA CARD - Besides the hidden fees Interest on late payment (even ONLY ONE day late) , fee for late payment $25 ++ some other unexplained fees, one must be stupid to pay $69 annual fees and the reward (gift card) returns is $20-$40 per year! This is the 2nd time I've cancelled my account - the 1st time was a few years ago and I thought I'd give it another go since I shop at Myer, the points adding to gift voucher/card is a very slow process even though I use it for grocery and generally other shopping and household products except electric /gas bills .
I take responsibility for my actions, but I couldn't believe how easy it was for me to be approved for a credit card with MYER (owned by GE Capital Finance) for $10,000! Their interest rates are excessive (along with other GE credit accounts eg GO MasterCard, etc) and are not very helpful if you fall upon hard times. I have recently been diagnosed medically unfit for work and have $0 income (not even from Centrelink) yet they refused a 3 month moratorium and insisted I continue to pay $30 a month (from where I don't know) and not very understanding of my situation, albeit temporary.
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**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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