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Coles Rewards Mastercard

4 reviews

Apply by 30 June 2019

Coles Rewards Mastercard

Purchase rate

19.99% p.a.

Balance transfer

0% 18 months
0% Complete (success)
reverts to 19.99% p.a. No BT fee

Annual fee

$99 p.a.
99% Complete (success)

Pros

No international transaction fee on purchases when you shop online or overseas

$250 off a Coles Supermarket shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months from approval

0% p.a. on balance transfer for 18 months. Reverts to cash advance rate. No interest free days apply while you have a balance transfer

Up to 55 days interest free on purchases

$10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points

$99 annual fee

Collect 2 flybuys points for every $1 spent on eligible transactions

Cons

Purchase and cash advance rate of 19.99% p.a.

Coles Rewards Mastercard

A Coles Rewards Mastercard is a fast way to collect flybuys points. No international transaction fee on purchases when you shop online or overseas. Get $250 off a Coles Shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months from approval (excludes cash advances) PLUS get 0% p.a. on balance transfers for 18 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.

Key features

  • 0% p.a. for 18 months on balance transfers. Reverts to Cash Advance rate. No interest free days apply while you have a balance transfer.
  • No international transaction fee on purchases when you shop online or overseas
  • $250 off a Coles Shop when you apply for a Coles Rewards Mastercard by 30 June 2019 and spend $1,500 in the first 3 months from approval (excludes cash advances)
  • $10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points
  • Collect 2 flybuys points for every $1 spent on eligible transactions
  • Up to 55 days interest free on purchases if you do not have a balance transfer
  • $99 annual fee
  • Interest rate of 19.99% p.a. on purchases and cash advances
100% of customers who have rated this card would recommend it
  • Rates
    84%
  • Fees
    93%
  • Rewards
    91%
  • Customer Service
    95%
  • Value
    66%
Overall user rating 91%
4 reviews

100% Daniel

I 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

Interest Rates
Purchase rate 19.99% p.a.
Cash advance rate 19.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 18 months
Balance transfer fee No fee
Balance transfer revert rate 19.99% p.a.
Balance transfer limit 80% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from Citi ,Coles
Credit limits
Minimum credit limit $2,000
Maximum credit limit N/A
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee Min. $1.95 or 3% of transaction, whichever greater $5 for international cash advances
Foreign transaction fee 0%*
Minimum repayment 2%
Late payment fee $30
Credit card type Mastercard
Rewards program
Rewards program flybuys flybuys
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
flybuys points 2 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover No
Extras
No international transaction fees on purchases when you shop online or overseas
$250 off a Coles Supermarket shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months of approval

The Coles Rewards Mastercard

Providing you with a fantastic way to collect points as you shop, the Coles Rewards Mastercard could be the perfect card for you if you happen to be a big spender on any eligible spend. As an award-winning credit card, it certainly has a lot to offer, including great introductory offers, great extras and an excellent earn rate on a diverse rewards program.

But is this the card that will make the most of your spending? Let’s look closer at this lovely little rewards card to find out what it’s all about.

What we love...

This is an everyday rewards card that’s designed to last the distance. In terms of its earn rate, it allows you to collect 2 points per $1 on eligible spend, and up to 3 points per $1 spent with Coles' flybuys partners when you pay with your Coles Mastercard and scan your flybuys barcode at checkout.

You can choose to redeem your flybuys points at the flybuys online rewards store, use them on flybuys Travel flights, hotels and packages, or convert them into Velocity Points. Alternatively, you could opt for Instant Rewards, taking $10 off your Coles Supermarket shop at the checkout every time you redeem 2,000 flybuys points.

No international transaction fee on purchases when you shop online or overseas. However you will be charged fees if you withdraw cash in a foreign currency overseas, all up these cash advance fees amount to 2.5% of the transaction.

If you have an existing credit card debt, you could take advantage of a great long 0% p.a. on balance transfers for 18 months. This rate reverts to the cash advance rate of 19.99% p.a. after the 18 months. Remember that no interest free days apply to retail purchases while you have a balance transfer.

If you are not looking at doing a balance transfer to this card, you could take advantage of getting $250 off a Coles Shop when you apply for a Coles Rewards Mastercard by 30 June 2019 and spend $1,500 in the first 3 months from approval.

What’s not so great...

When comparing credit cards – especially rewards cards – it’s a good idea to weigh up what you’ll pay out in fees and interest against what you get back in rewards and extras. With the Coles Rewards Mastercard, bear in mind that there is an annual fee to cover, and relatively high rates of interest on purchases and cash advances.

It’s also worth noting that while this card provides a great way to collect flybuys points, the conversion rate to airline points may not be as amazing as you’d hope. You might find that this card provides a good way to collect flybuys points, but another rewards card may be better for collecting airline rewards points.

Why should you choose this card?

As an everyday flybuys rewards card, we already know this card has plenty to offer the big spender. However, there are some other nice extras we haven’t yet mentioned. For example, you can use the Coles Rewards Mastercard when shopping overseas or online with international retailers, to pay no international transaction fee on purchases.

You can also use the card to save on interest on your everyday spending with up to 55 days interest free on purchases as long as you don't carry a balance on your Coles credit card.

Overall Rating

An excellent everyday rewards card for shoppers who want to collect flybuys points while enjoying some nice shopping-related perks and extras.

45 questions (showing the latest 10 Q&As)

Anne

Anne

19 June 2019
Hi Roland, do you receive flybuy points on balance transfers? I see that the interest free period doesn’t apply for new purchases while there is a balance transfer. To use the Coles rewards card to maximise points, is it best to balance transfer current card to Coles or to keep them separate (maybe balance transfer to another interest free card)? Everyday spending would be approx $2000+ a month inc groceries. Thanks :)
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 June 2019
    Hi Anne, you receive no flybuys on balance transfer. Actually, no credit cards offer rewards points on a balance transfer or cash advances. When you have a balance transfer active. You receive no interest free days on that card. To get interest free days you need to pay your balance off in full each billing cycle. Therefore its best not to spend on a card that has a balance transfer active. So if you are wanting to spend on this Coles Rewards Mastercard. Then its best to look at another card for the balance transfer feature. How much are you looking to transfer and from what card(s)?
Won

Won

17 June 2019
Very strange as I posted a question on this thread advising that noone was in contact with me and not only was there no answer, but the question has been deleted too.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 June 2019
    Hi Won, I do see my response to your question on the Coles Rewards Mastercard page. Did you receive an email with your question and answer in it? If you refresh the page you can see. Though for convenience I have posted it here again: Hi Won, there is definitely no need to submit 2 applications. It typically takes 5-10 working days to process and approve a credit card application. I would give Coles credit card customer service a call to see how your application is going - 1300 306 397. If you have recently made the application. That is, in the last few days. Then I would suggest you wait until next week.
Won

Won

13 June 2019
Hi, I've submitted my details for this offer not once, but twice and yet to receive any response. Look into this and advise what's going on. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 June 2019
    Hi Won, there is definitely no need to submit 2 applications. It typically takes 5-10 working days to process and approve a credit card application. I would give Coles credit card customer service a call to see how your application is going - 1300 306 397. If you have recently made the application. That is, in the last few days. Then I would suggest you wait until next week.
Hannah

Hannah

3 June 2019
In terms of only international fee(not cash advance), ANZ Rewards Travel Adventure, 28 Degree, Coles Rewards Master Card has same conditions? For example, if I spend overseas $10000, it will be charged without fee?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2019
    Hi Hannah, yes that is correct. These 3 cards all have no foreign fees on international purchases.
Hannah

Hannah

3 June 2019
Pros : No international transaction fee on purchases when you shop online or overseas Fees&repayments: Foreign transaction fee 2.5%Which explanation is correct? or it means different?Also In case it is 0% charge, it applies to all transactions same as ANZ Rewards Travel Adventures Card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2019
    Hi Hannah, sorry a bit confusing on this one as Coles compliance wanted us to put the 2.5% in that field. There are no foreign transaction fees on purchases with this card. Though, if you pull out cash then you will be charged 2.5%. Where the ANZ Rewards Travel Adventure is the winner. Is that fact that you do not get charged an overseas cash advance fee. The ANZ Rewards Travel Adventure is my pick out of the no foreign fee cards. This is based on the insurance, no fees plus rewards program in place.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent resident
  • Minimum income of $25,000 p.a.
  • You have your personal details ready to complete the online application
Coles Rewards Mastercard
Coles Rewards Mastercard

Coles Rewards Mastercard

Updated 18 June 2019

Apply by 30 June 2019

Purchase Rate (p.a)

19.99%

Balance Transfer (p.a)

0% for 18 months No BT fee. reverts to 19.99% p.a.

Annual Fee (p.a)

$99

$0 over 18 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No international transaction fee on purchases when you shop online or overseas
  • $250 off a Coles Supermarket shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months from approval
  • 0% p.a. on balance transfer for 18 months. Reverts to cash advance rate. No interest free days apply while you have a balance transfer
  • Up to 55 days interest free on purchases
  • $10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points
  • $99 annual fee
  • Collect 2 flybuys points for every $1 spent on eligible transactions

  • Purchase and cash advance rate of 19.99% p.a.

Creditcard.com.au review

Editor Review

The Coles Rewards Mastercard

Providing you with a fantastic way to collect points as you shop, the Coles Rewards Mastercard could be the perfect card for you if you happen to be a big spender on any eligible spend. As an award-winning credit card, it certainly has a lot to offer, including great introductory offers, great extras and an excellent earn rate on a diverse rewards program.

But is this the card that will make the most of your spending? Let’s look closer at this lovely little rewards card to find out what it’s all about.

What we love...

This is an everyday rewards card that’s designed to last the distance. In terms of its earn rate, it allows you to collect 2 points per $1 on eligible spend, and up to 3 points per $1 spent with Coles' flybuys partners when you pay with your Coles Mastercard and scan your flybuys barcode at checkout.

You can choose to redeem your flybuys points at the flybuys online rewards store, use them on flybuys Travel flights, hotels and packages, or convert them into Velocity Points. Alternatively, you could opt for Instant Rewards, taking $10 off your Coles Supermarket shop at the checkout every time you redeem 2,000 flybuys points.

No international transaction fee on purchases when you shop online or overseas. However you will be charged fees if you withdraw cash in a foreign currency overseas, all up these cash advance fees amount to 2.5% of the transaction.

If you have an existing credit card debt, you could take advantage of a great long 0% p.a. on balance transfers for 18 months. This rate reverts to the cash advance rate of 19.99% p.a. after the 18 months. Remember that no interest free days apply to retail purchases while you have a balance transfer.

If you are not looking at doing a balance transfer to this card, you could take advantage of getting $250 off a Coles Shop when you apply for a Coles Rewards Mastercard by 30 June 2019 and spend $1,500 in the first 3 months from approval.

What’s not so great...

When comparing credit cards – especially rewards cards – it’s a good idea to weigh up what you’ll pay out in fees and interest against what you get back in rewards and extras. With the Coles Rewards Mastercard, bear in mind that there is an annual fee to cover, and relatively high rates of interest on purchases and cash advances.

It’s also worth noting that while this card provides a great way to collect flybuys points, the conversion rate to airline points may not be as amazing as you’d hope. You might find that this card provides a good way to collect flybuys points, but another rewards card may be better for collecting airline rewards points.

Why should you choose this card?

As an everyday flybuys rewards card, we already know this card has plenty to offer the big spender. However, there are some other nice extras we haven’t yet mentioned. For example, you can use the Coles Rewards Mastercard when shopping overseas or online with international retailers, to pay no international transaction fee on purchases.

You can also use the card to save on interest on your everyday spending with up to 55 days interest free on purchases as long as you don't carry a balance on your Coles credit card.

Overall Rating

An excellent everyday rewards card for shoppers who want to collect flybuys points while enjoying some nice shopping-related perks and extras.

User reviews

Coles Rewards Mastercard ( based on 4 Creditcard.com.au user reviews )

91% rating based on 4 reviews

Rates
Fees
Rewards
Customer Service
Value
100%

Daniel

28 March 2019

I 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

Rates and fees

Interest rates

Purchase rate 19.99% p.a.

Cash advance rate 19.99% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 18 months

Balance transfer revert rate 19.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Citi, Coles

Credit limits

Minimum credit limt $2,000

Maximum credit limit N/A

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 0%*

Minimum repayment 2%

Cash advance fee Min. $1.95 or 3% of transaction, whichever greater $5 for international cash advances

Late payment fee $30

Rewards and points

Rewards program

Rewards Program flybuys flybuys

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

flybuys pointsflybuys points 2 points per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance No

Rental vehicle excess cover No

Extras

No international transaction fees on purchases when you shop online or overseas

$250 off a Coles Supermarket shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months of approval

Overview

Coles Rewards Mastercard

A Coles Rewards Mastercard is a fast way to collect flybuys points. No international transaction fee on purchases when you shop online or overseas. Get $250 off a Coles Shop when you apply by 30 June 2019 and spend $1,500 in the first 3 months from approval (excludes cash advances) PLUS get 0% p.a. on balance transfers for 18 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.

Key features

  • 0% p.a. for 18 months on balance transfers. Reverts to Cash Advance rate. No interest free days apply while you have a balance transfer.
  • No international transaction fee on purchases when you shop online or overseas
  • $250 off a Coles Shop when you apply for a Coles Rewards Mastercard by 30 June 2019 and spend $1,500 in the first 3 months from approval (excludes cash advances)
  • $10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points
  • Collect 2 flybuys points for every $1 spent on eligible transactions
  • Up to 55 days interest free on purchases if you do not have a balance transfer
  • $99 annual fee
  • Interest rate of 19.99% p.a. on purchases and cash advances

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

  • Minimum income of $25,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

45 questions (showing the latest 10 Q&As)

Anne

Anne

19 June 2019
Hi Roland, do you receive flybuy points on balance transfers? I see that the interest free period doesn’t apply for new purchases while there is a balance transfer. To use the Coles rewards card to maximise points, is it best to balance transfer current card to Coles or to keep them separate (maybe balance transfer to another interest free card)? Everyday spending would be approx $2000+ a month inc groceries. Thanks :)
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 June 2019
    Hi Anne, you receive no flybuys on balance transfer. Actually, no credit cards offer rewards points on a balance transfer or cash advances. When you have a balance transfer active. You receive no interest free days on that card. To get interest free days you need to pay your balance off in full each billing cycle. Therefore its best not to spend on a card that has a balance transfer active. So if you are wanting to spend on this Coles Rewards Mastercard. Then its best to look at another card for the balance transfer feature. How much are you looking to transfer and from what card(s)?
Won

Won

17 June 2019
Very strange as I posted a question on this thread advising that noone was in contact with me and not only was there no answer, but the question has been deleted too.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 June 2019
    Hi Won, I do see my response to your question on the Coles Rewards Mastercard page. Did you receive an email with your question and answer in it? If you refresh the page you can see. Though for convenience I have posted it here again: Hi Won, there is definitely no need to submit 2 applications. It typically takes 5-10 working days to process and approve a credit card application. I would give Coles credit card customer service a call to see how your application is going - 1300 306 397. If you have recently made the application. That is, in the last few days. Then I would suggest you wait until next week.
Won

Won

13 June 2019
Hi, I've submitted my details for this offer not once, but twice and yet to receive any response. Look into this and advise what's going on. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 June 2019
    Hi Won, there is definitely no need to submit 2 applications. It typically takes 5-10 working days to process and approve a credit card application. I would give Coles credit card customer service a call to see how your application is going - 1300 306 397. If you have recently made the application. That is, in the last few days. Then I would suggest you wait until next week.
Hannah

Hannah

3 June 2019
In terms of only international fee(not cash advance), ANZ Rewards Travel Adventure, 28 Degree, Coles Rewards Master Card has same conditions? For example, if I spend overseas $10000, it will be charged without fee?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2019
    Hi Hannah, yes that is correct. These 3 cards all have no foreign fees on international purchases.
Hannah

Hannah

3 June 2019
Pros : No international transaction fee on purchases when you shop online or overseas Fees&repayments: Foreign transaction fee 2.5%Which explanation is correct? or it means different?Also In case it is 0% charge, it applies to all transactions same as ANZ Rewards Travel Adventures Card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2019
    Hi Hannah, sorry a bit confusing on this one as Coles compliance wanted us to put the 2.5% in that field. There are no foreign transaction fees on purchases with this card. Though, if you pull out cash then you will be charged 2.5%. Where the ANZ Rewards Travel Adventure is the winner. Is that fact that you do not get charged an overseas cash advance fee. The ANZ Rewards Travel Adventure is my pick out of the no foreign fee cards. This is based on the insurance, no fees plus rewards program in place.

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