Amex, David Jones card partnership ends

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David Jones loyalists who have signed up for the department store’s co-branded American Express credit cards will soon have to find an alternative provider, as the long-running partnership – a smart choice among Qantas frequent flyers – is officially coming to an end.

Cardholders were notified of the change via email earlier today, with more information to follow in the coming months.

The cards’ benefits included a rewards bonus of 7,500 Qantas or 15,000 AMEX Membership Rewards points, in addition to store-focused benefits such as free gift wrapping and insurance on purchases.

The decision to end the partnership comes after the Australian Securities and Investments Commission (ASIC) launched proceedings against American Express in December 2022, with the company regulator alleging that many customers mistook it for a loyalty card.

First introduced in 2008, the David Jones American Express credit card offered a lucrative earning rate on spending with David Jones, while also being one of the highest Qantas Points earners for grocery and fuel spending. It was later joined by a platinum version in 2012.

Both cards were released until July 2022, after mounting pressure from ASIC.

A joint statement from David Jones and American Express says the duo have “mutually agreed to end their joint card program in July 2023 as both companies pursue different priorities,” while adding that AMEX will become one of the store’s primary payment partners. stay.

David Jones confirms that it will announce a new financial services company in the coming weeks.

disclaimer

Executive traveller may receive a commission when you apply for these credit cards through our links.

The information on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

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