Ask Pauline a Question

Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.

We ask for your email so we can respond to you directly. We won’t share your personal data. For more information, see our privacy policy.

50,000 Spend $3000 within 90 days of approval
Coles Rewards Mastercard
Coles Rewards Mastercard

Coles Credit Cards

Coles Rewards Mastercard

Updated 12 April 2024

Coles Rewards Mastercard is a fast way to collect Flybuys points. Receive 50,000 Flybuys bonus points (worth $250 Flybuys Dollars) when you apply by 30 June 2024 and spend $3,000 or more on eligible retail purchases within 90 days of approval. Earn up to 2 Flybuys Points per $1 on eligible spend. Plus, enjoy $0 international transaction fees on purchases.

Points Earn Rate (per $1 spent)

2 points

Flybuys

Rewards Program

Flybuys

Bonus Points

50,000 pts

Spend $3000 within 90 days of approval

Pros and cons

  • Receive 50,000 bonus Flybuys Points (worth $250 Flybuys Dollars) when you spend $3,000 or more on eligible purchases within 90 days from card approval
  • No international transaction fee on purchases when you shop online or overseas
  • Collect 2 Flybuys points for every $1 spent on eligible transactions
  • Up to 55 days interest free on purchases
  • Complimentary insurance covers
  • Complimentary access to our 24/7 worldwide concierge
  • Compatible with Apple Pay, Samsung Pay and Google Pay

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

Creditcard.com.au review

Editor Review

Coles Rewards Mastercard

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

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. As an award-winning credit card, it certainly has a lot to offer, including great introductory offers - 50,000 Flybuys bonus points (worth $250 Flybuys Dollars) when you spend $3,000 in the first 90 days from card approval, 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 go the distance. In terms of its earn rate, it allows you to collect 2 points per $1 spent on eligible transactions 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.

Currently, you will receive 50,000 Flybuys bonus points (worth $250 Flybuys Dollars) when you apply for a Coles Rewards Mastercard by 30 June 2024, are approved, and then spend $3,000 or more on eligible retail purchases within 90 days of approval. The bonus Flybuys Points will be deposited to the Flybuys Membership Account connected to the Coles Rewards Mastercard within 4 weeks after the spend criteria is met.

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.

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.

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?

Coles Rewards Mastercard is surely a feature-packed credit card, which not only provides generous rewards but also offers Bonus Flybuys Points, this is a sure win.

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 mentioned yet. For example, you can use the Coles Rewards Mastercard when shopping overseas or online with international retailers and 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.

Overall Rating

An excellent everyday rewards card for shoppers who want to collect Flybuys points while enjoying awesome introductory offers, some nice shopping-related perks and extras.

User reviews

Coles Rewards Mastercard ( based on 13 Creditcard.com.au user reviews )

52% rating based on 13 reviews

Rates
Fees
Rewards
Customer Service
Value
61%

Jae T

3 April 2022

Good 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 card
90%

Lin

2 December 2021

I 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 card
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 period on purchases up to 55 days

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $99 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee 0%*

Minimum repayment 2% or $30, 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 Flybuys

Bonus points 50,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3000 within 90 days of approval

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

A Coles Rewards Mastercard is a fast way to collect Flybuys points. Receive 50,000 Flybuys bonus points (worth $250 Flybuys Dollars) when you spend $3,000 or more on eligible retail purchases within 90 days of approval. Save on fees with no international transaction fee on purchases when you shop online or overseas.

Key features

  • Receive 50,000 bonus Flybuys Points (worth $250 Flybuys Dollars) when you spend $3,000 or more on eligible purchases within 90 days from card approval
  • No international transaction fee on purchases when you shop online or overseas
  • Up to 55 days interest-free on purchases if you do not have a balance transfer
  • Collect 2 Flybuys points for every $1 spent on eligible transactions
  • Complimentary access to our 24/7 worldwide concierge
  • Complimentary insurance covers
  • Compatible with Apple Pay, Samsung Pay and Google Pay

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

Pauline is a personal finance expert at CreditCard.com.au, with 8 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.

85 questions (showing the latest 10 Q&As)

jamesaheath@yahoo.com.au

[email protected]

8 February 2024
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.
    Pauline - CreditCard.com.au

    Pauline

    13 February 2024
    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!
Vincent

Vincent

5 January 2024
do payments to govt agencies like State Revenue, Car Rego, Council Rates etc (not ATO) count as eligible spending for bonus flybuy ponts offers?
John herwig

John herwig

19 May 2023
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
    Pauline - CreditCard.com.au

    Pauline

    23 May 2023
    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!
Boyd

Boyd

10 May 2023
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
    Pauline - CreditCard.com.au

    Pauline

    11 May 2023
    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.
Janene

Janene

10 May 2023
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?
    Pauline - CreditCard.com.au

    Pauline

    11 May 2023
    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!

Featured Credit Cards

33 reviews
points earned over 12 months

8 reviews
points earned over 12 months

14 reviews
points earned over 12 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.