Myer Visa Credit Card – Rates and Fees

Information verified correct on September 23rd, 2016

Do you want a card that comes with exclusive offers, a rewards program, invitations to special events, and up to 62 interest-free days on purchases? Consider the Myer Visa Card

Myer is amongst Australia’s leading retailers, boasting numerous outlets in every major Australian City. If you get the Myer Card you get access to a range of exclusive offers and you can even look forward to getting VIP invites to special events.

This card comes with automatic membership to the MYER one program, allowing you to earn and redeem reward credits.

Product NameMyer Visa Card
Rewards ProgramMyer One
Purchase rate (p.a.)20.69% p.a.
Annual fee$69 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 62 days on purchases
Cash advance rate (p.a.)20.69% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Minimum Monthly Repayment2.4% or $10 whichever is greater
Minimum Income$15,000
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$69 p.a.
Minimum Repayment2.4% or $10 whichever is greater
Late Payment Fee$20
Over Limit Fee$5
Cash Advance Fee3% of the cash advance or cash equivalent transaction or $1.95
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$9 p.a.
BPAYYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
MailYes
Rewards ProgramMyer One
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap24,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Myer Visa Card review

If you’re someone who likes shopping at Myer, getting the Myer Visa Card makes sense if you’re in the market for a credit card to use as a shopping companion. Owing to its affiliation with Visa, you can use this card like any other credit card, and it comes with a number of benefits targeted at Myer customers. By paying your closing balance in full each month, you can get up to 62 interest-free days on purchases.

Benefits of Myer Visa Card

  • Earn reward points. When you use this card to shop at Myer, every dollar spent earns three Myer one Shopping Credits. When you shop at Myer affiliates, every dollar spent can earn up to 3 Myer one Shopping Credits. For all other eligible purchases made elsewhere, every dollar spent earns one Myer one Shopping Credit.
  • Redeem reward points. When your accumulated Shopping Credits reach the 2,000 mark, Myer will automatically send a $20 Myer one Gift Card to you. They then continue to issue these gift cards in $20 increments. You can use these gift cards at all Myer stores, with the exception of certain Myer Concessions outlets.
  • Buy now pay later. When you make purchases at Myer using the Myer Visa Card you have the option to take advantage of a ‘three months buy now pay later’ scheme. You can opt for this alternative at the payment counter.
  • Myer one benefits. As a Myer one member you’ll receive invitations to various VIP shopping events, you get access to exclusive offers, and you get a free copy of Emporium magazine with every purchase.

Myer Visa Card features

  • Annual fee. You have to pay $69 every year for as long as you keep using your Myer Visa Card.
  • Rewards. While you earn reward credits when you use this card at Myer and its affiliates, you also earn reward credits when you use it to make purchases just about anywhere. You get to shop at Myer when it comes to redeeming your accumulated Shopping Credits.
  • Interest-free days. If you pay your account’s outstanding balance in full at the end of each billing cycle, you can get up to 62 interest-free days on purchases.
  • Additional cardholders. You can get an additional cardholder for any individual aged over 16 years, just keep in mind each card attracts an annual fee of $9.
  • Global acceptance. You can use this card anywhere in the world, as you would any other Visa credit card, at any EFTPOS terminal or ATM that displays the Visa logo.
  • Card security. An embedded microchip works in securing your account information, and the Myer Visa Fraud Secure provides security against fraudulent use of your card.
  • Visa payWave. This card makes use of Visa payWave technology, letting you to make contactless purchases of under $100.
  • Shopper’s protection insurance. This optional extra provides protection to your purchases and your finances.

How to apply for the Myer Visa Card

You can apply for the Myer Visa Card online, and to get started simply click on the ‘Go to Site’ button. Before you proceed, ensure that you meet the following application criteria:

Application Criteria

  • You are older than 18 years of age
  • You are a permanent Australian resident or plan to stay in Australia for at least 12 more months with required Visa permission
  • You earn a minimum of $15,000 p.a. (after tax)

You need to provide different types of information to complete the Myer Visa Card application, which includes the following:

  • Personal identification information that can come from your Australian drivers’ license or passport
  • Proof of address
  • Landlord’s details (if you rent)
  • Income and employment details

The Myer Visa Card is one that you can use to good effect if you’re a frequent Myer shopper, and what helps is that you can use it everywhere else, just like a regular credit card. Given that this is not the only card of its kind, make sure you compare your options at the onset.

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