- No international transaction fee on purchases when you shop online or overseas
- 0% p.a. on balance transfer for 18 months. 1.5% Balance Transfer fee applies. 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
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St.George Vertigo Credit Card
0% for 18 months on Balance Transfers*
*No Balance Transfer Fee! $55 Annual Fee. 13.99% p.a. purchase rate.
Pros and cons
- Purchase and cash advance rate of 19.99% p.a.
Creditcard.com.au review
Editor Review
Coles Rewards Mastercard
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question 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 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 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. 1.5% Balance Transfer fee applies. Remember that no interest free days apply to retail purchases while you have a balance transfer.
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
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
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 1.5% one off
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from 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
Bonus points N/A
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 No
Rental Vehicle Excess In Australia Insurance No
Extras
No international transaction fees on purchases when you shop online or overseas
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 0% p.a. on balance transfers for 18 months (Reverts to Cash Advance rate). 1.5% Balance Transfer fee applies. No interest free days apply while you have a balance transfer.
Key features
- 0% p.a. for 18 months on balance transfers. 1.5% Balance Transfer fee applies. 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
- $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 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.
Ask a question53 questions (showing the latest 10 Q&As)
Other bank provides easy installment repayments when we do bulk purchases . do this card have any repayments options to 3,6,9 months divided equally.
Hi Mohanraj, the Coles Rewards Mastercard has no installment plans for paying off larger purchases. You would need to look at another credit card that has these features. Or you could look at a 0% on purchase offer like the Bendigo Low Rate. It currently has a special offer of 0% for 15 months on purchases.
Hi Roland, do I need to swap every time Flybuy card at the time of spending with Coles reward Mastercard to get points?
Hi Muhammad, you should use your Coles Rewards Card linked to your Flybuys at checkout for maximum rewards.
I have recently retired and am setting up a capital based pension with my financial adviser. Will proof of my Super account which enables me to withdraw funds to cover CCard debt suffice rather than a pay slip? I am planning to go over seas in July and would like to use this credit card while travelling.
Hi Amanda, it may depend how you are setup with your payments. If you have fixed payments each week or month. Bottom line, its best to apply for your cards before you retire. You could try with Coles. Eligibility criteria: 18 years or older + A permanent Australian resident + Earn a minimum income of $25,000 per year or more + Have a good credit rating. If you are able to show this income verified through an accountant I think this could be possible.
if i apply for a coles rewards master card how long before the card arrives. is there some sort of voucher thing that you can use to pay for things until card arrives so i don't miss out on points while waiting for my card to arrive. thanks
Hi Julie, it takes around 5-10 working days to get your card. There is no way to use it before you get and activate it. Best of luck with your application.
Can you explain what this cards "Transit Accident Insurance" is and what it covers please? Also they have Purchase Protection Insurance what is this? Do all cards have this? Obviously most people don't know about it so don't use it. Can you provide details on both insurances please? If you travel a lot for pleasure which card do you think offers the best insurances, travel, car rental and travel price matches like the Com Bank card. Lots of questions sorry.
Hi Jan, full details are available on this PDF - https://financialservices.coles.com.au/~/media/financial-services/files/creditcards/novation/platinum-mastercard-insurance-terms.pdf
Hi, I would like to ask whether it is possible to apply for Coles rewards mastercard with a business rather than an individual? Or apply for an additional cardholder to my existing Coles rewards mastercard, but additional cardholder is the business (sole trader type)? If can do, is it free to do so or what would be the fee? Thanks! Susan
Hi Susan, this card is for personal use only. So you would not be able to put in a business name. Again an additional card holder would need to be a person. If you are keen on a business card. Have a look at our extensive business credit card section. Typically you need to be trading at least 1 year and have income for the business of at least 75k to apply.
Is there interest free days on purchases? Thankyou
Hi Amy, you can get up to 55 days interest free days on purchases. Depending on when you make the purchase in your billing cycle and other factors such as if you carry a balance.
Is it ok not to transfer my balanmce from another master card. as I still want to keep it.
Hi Lisa, this is fine. Though transferring your balance does not mean you have to close the previous card. I would take advantage of the balance transfer offer to reduce interest payments. Then just keep your old card open.
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 :)
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)?
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.
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.
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
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.
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?
Hi Hannah, yes that is correct. These 3 cards all have no foreign fees on international purchases.
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?
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.
Daniel
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