After being hit with legal action from ASIC over the way in which David Jones AmEx cards were advertised and distributed to customers (with many apparently complaining that they confused their credit cards for a loyalty card), David Jones and AmEx have announced that their card partnership is ending. See https://www.americanexpress.com/en-au/customer-service/david… for further information
New card applications are not being accepted. Current DJs AmEx and DJs Platinum AmEx Cards will function for now and continue to earn points but will be withdrawn at some future point and unsure what the options will be following this
https://www.smh.com.au/business/consumer-affairs/amex-target…
https://www.afr.com/companies/financial-services/asic-hits-a…
David Jones is a sinking ship so they would have pulled out anyway. Anchorage bought the entire brand for $100 million, I'm pretty sure if OZB users pooled together we could have scrummed up $100 million to buy it. Anchorage is going to leave the brand with a lot of bad debt soon.