I exited out of frustration (at approx $3) when my application for a WHS credit card was declined (Only wanted it for the extra %5 discount )
Just goes to show how beneficial for ones financial health, it is to have a poor credit rating !
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I exited out of frustration (at approx $3) when my application for a WHS credit card was declined (Only wanted it for the extra %5 discount )
Just goes to show how beneficial for ones financial health, it is to have a poor credit rating !
I dont know how you would be declined for a Warehouse Money Card. Mine went through on line so fast I was in a bit of a daze after reading some of the previous posts. OK only 5% but just a little cherry on the top. You guys that missed out must have such a poor credit rating. I just dont even have a credit rating. Havent had one for years and years.
I believe the price reflects the current postion in conservative terms. As Jeremy ALD said they were over $7-00 a few years back. Looking good at this stage. Ebay cant get into NZ because of Trademe, and I believe the Amazon "system" wont succeed in NZ due to the Warehouse. Amazon don't really stock a lot of their products. They are an intermediary. So scaremongering is what it is all about. See how many people are scared by hype. I have some by orders in at a little below the current price and am just waiting.
I think Winner said that lol. From my records they were $7 in 2008 so about 9 years ago. My problem with the warehouse is they never grow. Their historical performance is terrible. So yes while this MAY settle back to a $2.70 level is it really worth the risk?
Need to add, many people are also enthused by hype? Warehouse shares were in fact as high as $8.00 at one stage when the market thought their success in NZ would be duplicated in Oz.
As for Amazon, I would not be so complacent as to think they will not impact on the WHS. Online shopping has already adversely impacted and will impact even more when Amazon makes it very easy to open accounts and purchase online. Heck, WHS has so much 'dead' retail space now in low margin and low turnover DVDs, CDs, books, toys, groceries etc that it's prudent to think what Amazon could do with the Warehouse other categories.
As the Warehouse did to music, toy and book stores when it launched aggressively into those categories, so has online decimated WHS's business in those categories already. Go to K-mart and you do not see K-mart selling Dvds and CDs any more.
http://www.news.com.au/finance/busin...47ea4155c9aa8f
http://www.adnews.com.au/woolworths-...-amazon-threat
The second article regarding Big W makes for sober reading.
Hey Roger, I see the WHS has Castrol GTX 20w-50 on sale for $19, classic oil that, one of the best that has ever been produced, shame it's not suitable for your Hemi aye.
Haha, had to give this Warehouse card application a go (mostly for entertainment purposes, but the 5% discount is a nice kicker for my time)......."Sorry, your application was not successful"
I guess I don't fit their ideal 'Money card' customer being mid 30's, financially free and deriving my income from interest, rent and dividends. To be fair though, a few of the big banks would say no as well, due to their focus on employee generated income rather than asset based income.
At least I can try again in 6 months :-)
I have $8K limit on my big bank credit card, (not that I ever asked for that much, just got automatically increased over time ) but according to WHS I wasn't good enough for the $1K I applied for.
Yes lucky me even got permission to apply again in 6 months time for a WHS credit card. Personally I would rather waste my time watching paint dry !