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Commonwealth Bank to give Aussies instant rewards at Myer

Media release

CommBank can

Media release

Commonwealth Bank to give Aussies instant rewards at Myer

Friday, 2 November 2012:  Commonwealth Bank and Myer have today announced a department store first, instant redemption of rewards points for Commonwealth Bank Awards credit card customers in store at Myer.

Awards members can instantly redeem their points at any Myer store nationwide. From 23 November 2012, customers can use their Awards points to purchase merchandise by all or part payment using Points Plus Pay – on all products* sold in Myer stores.

David Singh, Commonwealth Bank's General Manager Credit Cards, said the collaboration gave customers instant fulfilment and increased choice over how they use Awards points.

"We’re thrilled Myer has joined Australia’s largest credit card rewards program to help us offer unrivalled choice and instant fulfilment to our 1.3 million plus Commonwealth Awards customers.

“For the first time consumers will be able to use Commonwealth Awards points at Myer stores when and where they want to purchase products they desire. This is another great example of our commitment to making Awards points redemption more rewarding, delivering greater value and enhanced benefits for Commonwealth Bank customers,” said Mr Singh.

The new Awards program will give Commonwealth Bank’s 1.3 million Awards members the opportunity to spend their points on thousands of fashion, electronic, beauty and home products sold at Myer department stores nationwide.

Bernie Brookes, Myer CEO, described the collaboration between Commonwealth Bank and Australia’s largest department store network as truly consumer-led.

“We’re excited to be working with Australia’s biggest financial services provider to give consumers instant rewards on their retail purchases. Point-of-sale redemption will give over a million customers more ways to be rewarded as they shop at Myer stores around the country,” said Mr Brookes.

“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.

KEY CONSUMER BENEFITS OF MYER’S COLLABORATION

  • Instant Awards point redemption: Awards credit card customers will now be able use Awards points for payment towards their purchases at all Myer registers.
  • Extra Rewards: MYER one Members also earn MYER one points on their purchases where Awards points are used for payment.
  • More places to redeem Awards points: as Australia’s largest department store network, Myer has 68 stores nationwide giving Awards credit card customers unprecedented choice over where and when they redeem their Awards points.

ENDS

 

For more information contact:
Sarah Gibbons
Commonwealth Bank
P: (02) 9118 1706 | M: 0403 681 515
E: sarah.gibbons@cba.com.au

For more information contact:
Jo Lynch
Myer
P: (03) 8667 7571 | M: 0438 101 793
E: jo.lynch@myer.com.au

 

* Some exclusions apply – these will be available closer to launch on www.myer.com.au and for full Awards terms and conditions see www.commbank.com.au/paywithpoints

Media contact:

Sarah Gibbons
Commonwealth Bank
P: (02) 9118 1706 | M: 0403 681 515
E: sarah.gibbons@cba.com.au

Jo Lynch
Myer
P: (03) 8667 7571 | M: 0438 101 793
E: jo.lynch@myer.com.au

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