- $250 Coles gift card for new cardholders who meet the minimum spend requirement
- 0% p.a. on Balance Transfers for 12 months (5% fee), then 20.74% p.a.
- Earn up to 2 Flybuys points per $1 on eligible spend (tiered earn)
- Up to 44 days interest free on purchases
- Access Tap & Pay (Apple Pay, Samsung Pay, Google Pay)
- Coles Shield fraud protection and Instalment Plans
- Complimentary insurance on Platinum cards
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Coles Credit Cards
Coles Rewards Mastercard
Updated 2 January 2026
The Coles Rewards Mastercard offers everyday value with a generous welcome bonus. Get a $250 Coles gift card when you apply by 17 March 2026, are approved, and spend $3,000 on eligible purchases within 90 days of approval (gift card redeemable in-store only).
You’ll also benefit from 0% p.a. on Balance Transfers for 12 months (5% Balance Transfer fee applies), earn up to 2 Flybuys points per $1 on eligible spend, enjoy up to 44 days interest free on purchases, and access Tap & Pay, Coles Shield protection, Instalment Plans and complimentary insurance. Credit criteria, fees, charges and T&Cs apply.
Purchase Rate (p.a)
20.74%
Annual Fee (p.a)
$99
Pros and cons
- Annual fee of $99
- Purchase & Cash Advance rate of 20.74% p.a.
- 3% International Transaction Fee on retail purchases and cash advances
- Domestic and international cash advance fees apply
Creditcard.com.au review
Editor Review
Coles Rewards Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Coles Rewards Mastercard
The Coles Rewards Mastercard is a solid option for everyday spenders, especially those who shop regularly at Coles. The headline offer is a $250 Coles gift card when you apply by 17 March 2026, are approved, and spend $3,000 on eligible purchases within the first 90 days from approval. The gift card is redeemable in-store only.
Cardholders can also take advantage of 0% p.a. on Balance Transfers for 12 months, with a 5% Balance Transfer fee applying upfront. After the promotional period, the balance transfer reverts to the cash advance rate of 20.74% p.a.
Rewards and earn rates
- Earn up to 2 Flybuys points per $1 on eligible purchases up to and including $3,000 each statement period, then 1 point per $1 up to $8,000.
- Earn 2 Flybuys points per $1 at Coles, First Choice Liquor and Liquorland when Flybuys is linked.
- Flybuys points can be redeemed for Flybuys Dollars, gift cards, merchandise, or converted to Velocity Points.
Other features
- Up to 44 days interest free on purchases when the closing balance is paid in full.
- Digital wallets: Apple Pay, Samsung Pay and Google Pay.
- Coles Shield with multiple layers of fraud protection.
- Coles Instalment Plans for eligible purchases.
- Complimentary insurance on Platinum Coles cards.
Fees and rates
- Annual fee: $99
- Interest rate: 20.74% p.a. on purchases and cash advances
- International Transaction Fee: 3% on all retail purchases and cash advances
- Cash Advance fees: Domestic $1.95 or 3% (whichever is higher); International $5 per advance (plus any international transaction fee)
- Late Payment Fee: $30
- Minimum credit limit: $1,000
Bottom line
The Coles Rewards Mastercard delivers straightforward value with a strong $250 gift card welcome offer, competitive Flybuys earn rates, and practical features like interest-free days and digital wallet support. The $99 annual fee, 20.74% p.a. interest rate and 3% international transaction fee are worth considering, particularly if you don’t plan to pay off your balance in full each month.
User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Cash advance rate 20.74% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer revert rate 20.74% p.a.
Balance transfer from personal loan Yes
Balance transfer fee 5% one off
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Coles
Credit limits
Minimum credit limit $1,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 3%*
Minimum repayment 2% or $25, whichever is greater
Cash advance fee $1.95 (under $65.00) or 3% (equal to or over $65.00); $5 (international)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Flybuys
Bonus points N/A points
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Flybuys Rewards points 2 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Overview
Coles Rewards Mastercard
Get a $250 Coles gift card when you apply for a new Coles Rewards Mastercard by 17 March 2026, are approved, and spend $3,000 on eligible purchases within the first 90 days from approval. Gift card is redeemable in-store only.
You’ll also enjoy 0% p.a. on Balance Transfers for 12 months (a 5% Balance Transfer fee applies, reverting to the cash advance rate of 20.74% p.a. after the promotional period). Credit criteria, fees, charges and T&Cs apply.
Key features
- $250 Coles gift card when you apply by 17 March 2026 and spend $3,000 on eligible purchases within 90 days of approval (in-store redemption only)
- 0% p.a. on Balance Transfers for 12 months (5% Balance Transfer fee). Reverts to 20.74% p.a.
- Up to 44 days interest free on purchases
- Annual fee: $99
- Earn up to 2 Flybuys points per $1 on eligible purchases up to and including $3,000 each statement period, then 1 point per $1 up to $8,000
- Earn 2 Flybuys points per $1 at Coles, First Choice Liquor and Liquorland when you link Flybuys and are a Coles Plus Saver member
- Tap & Pay with Apple Pay, Samsung Pay and Google Pay
- Complimentary insurance on your Platinum Coles card
- Protected by Coles Shield fraud protection
- Coles Instalment Plans available
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian permanent resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question91 questions (showing the latest 10 Q&As)
telephone contact number?
Hi Joanne, if you’re trying to reach Coles about your credit card, you can call the Coles Mastercard team on 1300 306 397 (Monday to Friday, 8:30am–6pm AEST).
You’re currently on CreditCard.com.au, Australia’s leading credit card comparison site, we’re here to help you find info and guides.
How to log in?
Hi Andrew, if you’re trying to log in to your Coles Mastercard account, you can do that through the official Coles Financial Services website: coles.com.au/credit-cards.
You can also contact the Coles Mastercard support team on 1300 306 397 if you need help accessing your account or resetting your login.
Just to note, you’re on CreditCard.com.au, a comparison site, we’re here to help guide you to the right place.
how can I log into my account on line?
Hi Susan, if you’re trying to access your Coles Mastercard account, you’ll need to use the Coles credit card login page. If you can’t remember your login details or need help, Coles Mastercard’s support team is the best place to call on 1300 306 397.
what are the options for paying off the card each month?
Hi Matthew, Coles lists several payment options: direct debit, BPAY and Australia Post. You can set up direct debit to automatically pay off your outstanding balance each month, so you don’t make a late payment or pay interest. Thanks Matthew!
Hello. A month ago when I was researching the Coles Rewards Mastercard, I was certain there was a bonus offer that included earning 80,000 points if a 3K spend was done within the 3 month period after approval, but also that the annual fee was waived for the first year. How can I find the evidence of that again? I did apply for it at the time using the link, and have been approved now, but I just want to be able to keep a copy of that past offer.
Thank you.
Hi Darren, thanks for the information. You can check the welcome packet that came with your Coles Rewards card or give Coles a call directly at 1300 306 397 to check.
Hi Pauline,
If i used my mastercard for purchases in the Philippines what charges am I expecting?
Hi Richard, I see no foreign transaction fees when you use the Coles Rewards card in the Philippines or outside Australia.
Have paid off house loan , have saving age 48 years, full time teacher since leaving university, have $345 000. in super, approx $ 7000, deal cash everywhere and have approx $50 K in cash savings.
What is card credit limit would be provided in these circumstances.
Hi James, card limits are calculated by the credit provider after your application is approved. There's no way to calculate it before then based on income unfortunately!
do payments to govt agencies like State Revenue, Car Rego, Council Rates etc (not ATO) count as eligible spending for bonus flybuy ponts offers?
Hi there, that’s a good question! I checked this for you and it states that any government related transactions are not considered eligible. You can compare a range of credit cards that allow you to earn points at the ATO.
Already have coles platinum card wife has extra card on my card can she apply for her own card and also can I switch to platinum no fee card thanks john
Hi John, good questions! Yes, your wife may be eligible to apply for her own credit card as long as she meets all the necessary criteria specified for that particular card. And about changing the card type, yes it’s possible to change your credit card type, but as this will be a new application for credit, it’s important to ensure that you still meet the eligibility requirements for the new card. All these new requests for credit are subject to Coles' review and approval process. Hope this helps!
Hi. I want to separate business and personal expenses so can I get a 2nd one of these Coles Rewards Mastercards? I already have one? Would I get the points offer? Thank you
Hi Boyd, I checked this for you and see that the Coles Rewards Mastercard offer is exclusively applicable to individuals who are new customers. Additionally, please note that this card is designed specifically for personal use. Since you mentioned you’d like a card specific to business expenses, I recommend exploring a range of various business credit cards we’re currently partnered with to explore suitable options.
hi Pauline. I need a new credit card for overseas travel. My existing coles mastercard isnt suitable as it has international transaction fees. I believe the rewards card is the way to go, but does that have free currency exchange as well?
Hi Janene, good question! I checked and can see that when you use the Coles Rewards Mastercard overseas (or within Australia with overseas merchants), you won't be charged a foreign transaction fee. The Coles Rewards Mastercard also has no foreign transaction fees. Happy travels!
minnie
22 January 2026unless you use it for other things. If you only wanted flybuy points, you pay 99 dollars p.a. unless you spend over 5,000 a year on it to get 10,000 points (2000 point for 10 dollars off). you actually pay for your points.
Does not recommend this cardColes gift card
18 October 2024Supernatural
Recommends this cardJae T
3 April 2022Good rewards, great for travelling. Terrible interface both website and app. 80% of the time you'll end up needing to call them to have it fixed.
Recommends this cardLin
2 December 2021I signed up for the Master credit card to receive the bonus points and I never received any ever with all the qualified criteria.
Does not recommend this cardDaniel
28 March 2019I was looking for a card to take overseas and went with the Coles Rewards MasterCard. I didn’t pay any fees on my overseas spend and was surprised at how many flybuys points I earned on my trip! Now that I’m back I’ve continued to use the card and I’m still earning a lot of flybuys points, which I’ve recently converted to shopping credits in Coles. This card really ticks a lot of boxes for me!
Recommends this card