Can you wait two weeks for your new blender to arrive in the mail, or would you rather go out and buy one instantly with your CommBank Myer points?
What can CommBank do that the other banks can’t? Give you the power to use your points instantly in-store to make purchases at Myer department stores.
All you need to do is present your Commonwealth Bank credit card at the counter and ask to pay with points.
This offer is only exclusive to Commonwealth Bank Awards credit card holders and available in every Myer store around the country. You can redeem Awards points on any merchandise purchased from clothes, to shoes, to appliances. You can also redeem points on Myer gift cards.
Bernie Brookes, Myer CEO, describes the collaboration with CommBank as ‘consumer-driven’ since Myer One members benefit as well.
‘MYER one members will also earn MYER one shopping credits on purchases made using Commonwealth Awards points, delivering additional rewards to these customers as we further strengthen our loyalty offer,’ he said.
Commonwealth Bank Awards Program: Interview with Lynn Hamblet
Click here for video transcript
Jeremy: Hi. I’m Jeremy Cabral, from Finder.com.au, and we’re here to talk to Lynn Hamlett, the Executive Manager of Credit Cards from Commonwealth Bank. Lynn, thank you for joining us.
Lynn: It’s great to be here.
Jeremy: When it comes to choosing a rewards credit card, why should someone choose CommBank?
Lynn: The CommBank Awards Program is the largest awards program of any Australian bank. All of our awards accounts come with an American Express card and a MasterCard card. This means our
customers can maximise their points earning potential, as well as having the freedom of knowing that their card is accepted at over 35 million locations worldwide. What’s more, with our Awards Program, our points never expire.
Jeremy: How can customers earn CommBank awards points?
Lynn : Most purchases you make with your CommBank Awards card will earn you points. We also have a bonus partner program, whereby customers can earn bonus points at some of our selected bonus partners. For a full list of our bonus partners, you can visit the website.
The main difference with the CommBank Awards Program is that we not only allow our customers to redeem by the more traditional methods, such as over the phone or online, but our customers
have the power to redeem their points in-store at Myer and FlatCentre stores nationwide. All our customers need to do is present their card at Myer or Flight Centre stores and ask to pay with points. If you don’t have enough points to pay for the total amount, you can make up the difference, just like any other purchase.
Jeremy: So how can somebody apply for a CommBank Awards credit card?
Lynn: Once you hit Apply on credit card finder, you’ll be taken to a secure website where you can complete your application. We offer a 60 second response.
Compare Commonwealth Bank Awards Credit Cards
Rates last updated June 24th, 2016.
- Commonwealth Bank Low Rate Credit Card
BT offer extended + cashback updated from $150 to $250 and will be available until 30 June 2016.
April 15th, 2016
- Commonwealth Bank Platinum Awards Credit Card
Bonus points offer changed to 80,000 and is valid until 30 June 2016.
April 15th, 2016
- Commonwealth Bank Small Business Credit Card - Low Rate
$250 cash back offer if you apply before 30 June 2016 and spend $500 on purchases by 31 July 2016.
April 15th, 2016
How it works
- Choose what you want to buy from any Myer department store
- Ask to ‘pay with points’
- Swipe your card using your points and earn points on your Myer one shopping card too. You can also pay a portion with your points, and the remaining with cash or EFTPOS
Comparison of Commonwealth Bank Credit Cards
What is the value of my Awards points?
Like any loyalty program, such as the CommBank and Myer Points Program, you’ll need to spend money regularly to reap the rewards – which for some, can lead to financial problems. However, if you’re in control of your finances, reward systems could give you many benefits.
Compared to other reward systems, the CommBank Myer Points Program could be perfect for you if you want instant rewards. However, if you are happy to go online, choose your reward and wait for it in the mail, then another rewards scheme may be a cheaper option. The same applies if you’re a travel bug and enjoy saving your points for flying. Like any rewards program, you need to think carefully about the type of rewards you want, compared to the ones you’re more likely to use.
|Product||Recommended Retail Price||Awards Points||Equivalent in dollars|
Olga Berg Croc Print Clutch
Kitchenaid KSM150 Artisan Stand Mixer
As a general guide, for beauty and lifestyle purchases you need to spend approximately double the RRP to be able to claim 100 per cent of the product back. In this case, it may be more worthwhile to use your points on a homeware product to truly reap the benefits of the CommBank Myer Points System.
Keep in mind that the points system may vary item to item and beware of changing terms and conditions.
Things to consider about the Commonwealth Bank Myer Points Redemption System
- Myer’s Return Policy
All returns and exchanges are subject to Myer’s return policy, which means that you will need to be able to provide proof of purchase. This applies to all merchandise purchased with points from your Awards card.
- What you can’t redeem
You cannot redeem the points for cash, towards payment of Myer Visa card account, layby accounts and ‘Coles & Myer’ gift cards. Some food and Miele appliances may apply from time to time.
Commonwealth Bank and Myer have provided this unique opportunity for shoppers. Would you be willing to take advantage of this offer? Leave a comment as to whether you will be paying with points next time you shop at Myer.Back to top