I thought this might be of interest:
Myer has a
Christmas Club which is like a savings plan to accumulate money to spend during the November-December Christmas period (or actually up to 24 months after).
Each month Myer debits your bank account for a nominated amount (minimum $25) and adds it to your Myer Christmas Club card. After 31 October, they issue you a gift card containing the money you've had debited over the previous months.
Now, personally I stay away from things like gift cards and automatic payment plans like the plague. In this case, they are offering an incentive: they'll credit an extra $10 for each $100 you have debited. Which effectively means anything you buy with that money is getting an automatic 10% discount. (Or rather, you can buy 10% more stuff than you otherwise could.)
As followers of this thread, we
only buy LEGO in Australia when it is on sale,
RIGHT?! So during November-December, when Myer has its inevitable 20%, 25% or 20% + 10% (28%) MyerOne specials, being a member of the Myer Christmas Club and using your accumulated gift card would add a further 10% to any of those. Which isn't that bad a deal at all.
I'm still suspicious of anything that takes my money away on an automatic basis and locks it up until a certain time, and I probably won't commit to it, but if you
just know you will be buying a lot of LEGO around a certain date, this
Myer Christmas Club thing could be something worth considering.
Perhaps someone could compare experiences between this and the Myer vouchers?
Edited by dotmike, 31 July 2011 - 12:16 AM.