Some of Australia’s biggest retailers offer store credit cards for their valued customers. There are several benefits for the customer: store card usually offer a certain percentage off your purchase price every time you use it. They are often rewarded with exclusive discounts and accruing points that can be exchanged for rewards. For example some cards offers their customers free standard delivery and invitations to exclusive fashion events.
Furthermore, store cards are some of the easiest credit cards to get, which is appealing for customers trying to build (or rebuild) their credit store.
Store cards allow the department store gains invaluable insight into their customer’s purchasing habits. They may even build a customer profiles and identify their most valuable customers.
Applying for a store card is easy. Customers can do this online and it only takes a few minutes. They are often required to submit personal information such as their names, address, phone numbers, birthdays and Australian driving license. As part of the application criteria, many retailers require a minimum income. Customers have to submit financial information about their income, assets, expenses and liabilities. In some cases, the application process requires their employer’s name and contact number.
Therefore, a department store amasses plenty of sensitive and personal information about their customers. It is important to store this safely: in the wrong hands, this information can be used to commit financial fraud such as false applications for loans and credit cards.
A secure document destruction policy will help the department store uphold its reputation and more importantly, the safety of their customers. With the advent of new technology, many department stores may store their customer information digitally. A professional paper shredding company can destroy data securely – whether it is on a hard drive or on paper.
