American Express David Jones Platinum Credit Card

My monthly spend: 
$5,000
 
offer
card features
rewards program
earn rate
sign up bonus
your earnings
Receive 40,000 points or 30,000 Qantas Points when you apply. (Conditions Apply)
Earn either Membership Rewards or Qantas Frequent Flyer as your rewards program.
Loads of instore benefits and perks at David Jones.
Add to comparison
Membership RewardsQantas Frequent Flyer
Membership Rewards or Qantas Frequent Flyer
1 pt
per $1 spent
40,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

Receive 40,000 points or 30,000 Qantas Points when you apply online, are approved and spend outside of David Jones at least 3 times within the first month.
Flexibility to choose which rewards program you want to join and earn points into.
Loads of instore benefits and perks at David Jones.
No limit on the number of points you can earn.
The normal points earn rate for Membership Rewards program is a good 1 Reward Point per $1 dollar spent when spending outside of David Jones stores.
The earn rate for major supermarkets and major petrol station is 3 Rewards Points per $1 spent.
No fee for supplementary cards for the first year.
Points earned into the Qantas Frequent Flyer program is at a rate of 1 Reward Point = 0.75 Qantas Frequent Flyer points.
The $295 p.a. annual fee is quite high.
People who might want to do a balance transfer onto this card cannot do so.
Interest rates on purchases and cash advances are up at the higher end of the range.

Review

Our review of the American Express David Jones Platinum Credit Card

Every regular David Jones Shopper who is considering a premium card should take a serious look at the American Express David Jones Platinum Credit Card. Owning one will make you feel like an A-lister, since cardholders are showered with bonus points and also receive a stellar ongoing points earning rate at DJs, while still earning points at a very attractive rate elsewhere. It all comes at a cost of course, but it’s a justifiable expense if you make use of the many privileges.

Choice of reward schemes

Different rewards schemes suit different lifestyles, so Amex and David Jones give you a choice.

If you are a committed Qantas Frequent Flyer you can opt to earn QFF points and redeem them for award flights and upgrades with Qantas and 50 partner airlines. Alternatively, you can use your points to buy merchandise and retail gift cards from the Qantas store, although this is not the most cost effective way to use them.

Not interested in Qantas points? No problem, because you can choose American Express Membership Rewards points instead. These points can be used for:

  • Online shopping at davidjones.com
  • Purchasing retail gift cards (DJs, Myer, Westfield, Coles, Kmart, Bunnings, Harvey Norman and many more)
  • Converting to points with eleven travel partners: nine airlines (Air New Zealand, Cathay Pacific, Emirates, Etihad, Malaysian Airlines, Singapore Airlines, Thai Airways, Virgin Australia and Virgin Atlantic) and two frequent guest programs (Hilton Hhonors and Starwood Preferred Guest)
  • Buying foreign currency from American Express
  • Obtaining concert and movie tickets from Ticketmaster, Hoyts and Greater Union
  • Conversion to a cash credit to offset against the balance owed on your card account

Attractive points earning rate, especially for David Jones customers

This is where this card earns its stripes as a dedicated David Jones card. It rewards shopping at David Jones with a spectacular four Amex points or three Qantas points per dollar, and the points rate for shopping at major supermarkets and petrol stations is also very attractive. Here are the details:

  • David Jones purchases 4 Amex or 3 QFF points per $1
  • Major supermarket & petrol station purchases 3 Amex/2.25 QFF points per $1
  • Purchases everywhere else 1 Amex/0.75 QFF points per $1

'Major supermarkets’ includes all the usual suspects (Bi-Lo, Coles, Fishers, Food For Less, Fresh Provisions, Harris Farm Markets, IGA, Macro Wholefoods, Safeway, Supabarn, Thomas Dux and Woolworths) and it’s the same story for petrol stations (Ampol, BP, Caltex Woolworths, Gull, Metro, Mobil, Peak, Safeway Petrol, Shell, United, Woolworths Petrol and 7 Eleven). Remember, though, that just because an outlet appears on this list it doesn’t guarantee that an Amex card will be accepted or that there will be no surcharge added.

Generous bonus points

As long as you don’t already have an Amex David Jones card, there’s a gold-plated welcome waiting for you in the form of 40,000 points or 30,000 QFF points, just for making three separate purchases (no specified minimum amount) outside of David Jones during the first month of holding the card. Presumably this is to remind you that it’s not just for using in David Jones, but everywhere. See below for an analysis of the dollar value of these points.

A-list loyalty perks

David Jones is figuratively rolling out the red carpet for its platinum cardmembers. The long list of benefits is designed to make you feel valued and keep coming back, shunning that other upmarket department store. It includes:

  • Free next day courier delivery for items purchased in store only (excluding gift cards, hampers, fresh food, wine, gift registry and large items)
  • Complimentary shopping bag storage at the DJs customer service desk
  • Free gift wrapping for both instore and online purchases
  • Priority booking at David Jones Personal Shopping Suites, to be pampered with old-fashioned service from a personal stylist
  • Complimentary hem and sleeve length alterations on all clothing purchased instore (excluding bridal)
  • Exclusive invitations to fashion parades, shopping nights and other events as well as bonus gifts and discounts
  • Up to four years interest free with no deposit when you spend $500 or more on homewares, furniture, bedding or electrical items instore. (Note the $35 credit establishment fee and $2.95 monthly account keeping fee.)
  • 'Fashion Pay Later’ option, giving you fee-free and interest-free credit for three months when you spend $250 or more on fashion items instore
  • 'Christmas Deferred Payment’ option is similar, delaying payment until February 1st on all your instore purchases made between November 1st and Christmas Eve.

Complimentary insurance benefits

Since this is a platinum card, Amex is assuming the cardholder will have a platinum lifestyle, travelling the world and buying relatively expensive household goods and personal items. Accordingly, the card comes with four complimentary insurance policies to cover items and experiences purchased with the card:

  • Multi-trip international and domestic travel insurance for the primary cardholder and close family members travelling with them. It is activated by paying for the full trip fare using the card (or rewards points) and covers emergency medical expenses, loss, damage or theft of baggage, money and documents, unavoidable travel cancellation, repatriation and personal liability.
  • Buyer’s Advantage, extending manufacturer’s warranty on purchased items by up to 12 months
  • Purchase Protection, providing 90 days’ cover against theft of, or damage to, items purchased
  • Refund Protection, reimbursing the purchase price of an unused item if a retailer will not take it back, again with a 90 day limit.

Cost versus benefit

None of these advantages comes for free, so there is a substantial $295 p.a. annual fee. But you can add up to four supplementary cardholders free of charge, making sure that your family members help you to earn points. Fifth and subsequent supplementary cards will cost you $99 per year.

The interest rate on purchases of 20.74% p.a. is unlikely to deter people whose income level makes this card a worthwhile prospect, since they are most likely to avoid interest charges altogether by paying off their purchase balance on or before the due date. Cash advances and balance transfers are not available.

The monthly billing cycle effectively grants Up to 44 days on purchases each month. This is not as beneficial as other cards offering 55 days interest free, but in reality the difference will cost you less than $45 per year even if you run up a monthly balance of around $4,000 ( i.e. $4,000 @ 3% lost interest income for an extra 132 days).

So this card is likely to cost you around $340 ($295 + $45) a year. But if you were to spend about $8,000 a year at Coles or Woolworths, $3,000 a year on fuel for your car, $10,000 a year on clothing, gifts, household and personal items at David Jones, and $29,000 everywhere else (an annual total of $50,000) always using this card, you would collect 102,000 Membership Rewards points or 76,500 QFF points. That’s enough for four Qantas business class flights between Sydney and Melbourne, worth a total of around $$3,150, with 12,500 QFF points left over for purchasing about $75 worth of David Jones gift cards.

Add to this at least $500 for a comparable international travel insurance policy, and it becomes clear that, if you use it sensibly, this card could deliver savings of at least $3,725 per year for a cost of $340, without ascribing a value to any of the minor benefits. Furthermore, the 30,000 bonus QFF points in the first year are worth an additional $1,480 in business class flights.

Definitely a card for David Jones customers

To get the most out of this card, and justify its high annual fee, you really need to be a devoted fan of David Jones. Every dollar spent there earns cardholders four Amex points or 3 QFF points, which is hard to beat. When you add to this the fact that you will qualify for every perk available to DJ’s customers, holding this card really should make you feel like an A-lister who knows the value of a buck – a winning combination.

User reviews

3.9 out of 5.0 based on 1 review100% of reviewers would recommend this card.

Rates and fees
Rewards
Customer service
Convenience
Trust
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Great shopping and travel card

Reviewed and recommended by Anonymous on 24 Sep 2016

This is one of the best cards, especially if you love to shop as you get 4 points per $1 spent at David Jones, along with their other perks. It’s also great if you love to travel as you can get access to the American Express lounge twice a year for free.

Basic details

About this card

Card setup
Single
Card tier
Platinum
Card type
American Express
Card use
Personal
Credit rating
No bad credit history
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$65,000
Minimum income for pensioners
Same as standard
Pensioners
N/A
Rewards program
Membership Rewards or Qantas Frequent Flyer
Temporary residents
N/A

Cardholders

Additional cardholders
Unlimited
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$2,000
Maximum credit limit
$50,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2.5%

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances N/A N/A
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$295 p.a.
Cash advance fee
None
Dishonour fee
$6
Duplicate statement fee
$10
Foreign exchange fee
3%
Late payment fee
$30
Over limit fee
N/A
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
N/A
Overseas emergency card replacement fee
N/A
Transaction verification fee
$7

Rewards

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
40,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Membership Rewards or Qantas Frequent Flyer
Spend required for bonus points
3 times in first month

Earning points with this card

ATO payment earns rewards
0.5 pts per $1 spent
Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
N/A
Complimentary flight voucher
No
Concierge service
No

Benefits

This card comes with benefits worth an estimated $805

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
$50
Free clothing alterations at David Jones stores
Valuation assumes 2 alterations per year worth $20 each.
$40
Free delivery of goods purchased
Assumes delivery of goods purchased from David Jones stores 6 times a year at $12 each.
$72
Free gift wrapping at David Jones stores
Valuation based on 1 gift purchased per month plus 10 over Christmas at David Jones. Gift wrapping service valued at $2 each.
$44
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
$40
Refund cover if retailer refuses return
Most major retailers have 100% guaranteed returns, but not all do. Valuation assumes making a $100 claim once every 5 years.
$20
Travel
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 45 days.
$539
Total estimated value$805
Annual fee$295
Net customer value$510
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $65,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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