- Receive 30,000 bonus Flybuys Points when you spend $1000 or more on eligible purchases within 60 days from card approval
- 0% p.a. on purchases in the first 12 months from card approval, 19.99% p.a. thereafter
- 0% p.a. on balance transfers for 12 months from card approval, no 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 in-store at checkout
- 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 and Samsung Pay
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ANZ Frequent Flyer Black Credit Card
120,000 Bonus Qantas Points + $200 back*
*T&Cs apply. Two Qantas Club lounge invitations per year. $425 annual fee
Coles Credit Cards
Coles Rewards Mastercard
Updated 1 October 2021
A Coles Rewards Mastercard is a fast way to collect Flybuys points. Receive 30,000 bonus Flybuys Points when you spend $1000 or more on eligible purchases within 60 days from card approval. Earn up to 2 Flybuys Points per $1 on eligible spend. Plus, enjoy 0% p.a. on both purchases and balance transfers in the first year. Get $10 off your Coles Supermarket shop and pay no international transaction fee on purchases.
T&Cs apply. Offer ends 31 January 2022
Purchase Rate (p.a)
0% p.a.
for 12 months. Reverts to 19.99% p.a.
Balance Transfer (p.a)
0% for 12 months No balance transfer fee.
Reverts to 19.99% p.a.
Annual Fee (p.a)
$99
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. 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 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 30,000 Flybuys bonus points when you apply for a Coles Rewards Mastercard by 31 January 2022, are approved, and then spend $1,000 or more on eligible retail purchases within 60 days of approval. The 30,000 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. 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 in-store.
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 existing credit card debt, you could take advantage of 0% p.a. on balance transfers for 12 months. This rate reverts to the cash advance rate of 19.99% p.a. after the 12 months. Remember that no interest-free days apply to retail purchases while you have a balance transfer.
Cuurently, its balance transfer offer is combined with a purchase offer which is rare in the market. If you apply for a new card by 31 January 2022, you will enjoy 0% p.a. on retail purchases for 12 months from the date your account is approved. This reverts to the ongoing cash advance rate.
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 a double introductory offer on the essentials. Bonus Flybuys Points, $0 interest rate on both purchases and balance transfers for a year, 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 some nice shopping-related perks and extras.
User reviews
Rates and fees
Interest rates
Purchase rate 19.99% p.a.
Introductory purchase rate 0% p.a. for 12 months
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 12 months
Balance transfer revert rate 19.99% p.a.
Balance transfer from personal loan Yes
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from 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
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
Bonus points 30,000 points
Annual points cap uncapped
Bonus points spend criteria when you spend $1000 or more on eligible purchases within 60 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 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. Receive 30,000 bonus Flybuys Points when you spend $1000 or more on eligible purchases within 60 days of approval. Save on fees with no international transaction fee on purchases when you shop online or overseas. Get 0% p.a. on purchases and balance transfers for 12 months from card approval. No interest-free days apply while you have a balance transfer.
Key features
- Receive 30,000 bonus Flybuys Points when you spend $1000 or more on eligible purchases within 60 days from card approval
- 0% p.a. on purchases in the first 12 months from card approval, 19.99% p.a. thereafter
- 0% p.a. on balance transfers for 12 months from card approval, no 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
- 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
- $10 instant off your Coles Supermarket shop when you redeem 2,000 Flybuys points in-store at checkout
- Complimentary access to our 24/7 worldwide concierge
- Complimentary insurance covers
- Compatible with Apple Pay and Samsung 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
-
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 question62 questions (showing the latest 10 Q&As)
Hi, The coles rewards mastercard page states "Over-the-Counter Transaction Fee as A$2.25". What is this "Over-the-Counter Transaction Fee" ?
Hi Shehryar, the Coles web site defines the "Over-the-counter Transaction fee" as "...for each payment made to your Account at Australia Post outlets by cash, cheque or EFTPOS."
Can I apply if i have had a Coles master card in last 12 months? Thank you :)
Hi Megan, there is nothing in the terms & conditions that say you can't. It reads "Offer available to new customers only who apply for a Coles Rewards Mastercard by 30 June 2021" under the balance transfer conditions. And "To receive the 20,000 bonus flybuys Points, you must apply for a Coles Rewards Mastercard by 30 June 2021, then spend $500 or more on eligible retail purchases in the first 60 days of the Account approval date. This offer cannot be used in conjunction with any other offer." relating to the 20,000 bonus Flybuys points. If you have concerns about your eligibility, you can contact Coles directly at 1300 306 397.
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