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40,000 when you spend $3,000 or more on eligible purchases within 90 days of approval
Coles Rewards Mastercard
Coles Rewards Mastercard

Coles Credit Cards

Coles Rewards Mastercard

Updated 5 July 2022

Coles Rewards Mastercard is a fast way to collect Flybuys points. Receive 40,000 Flybuys bonus points when you 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% p.a. on balance transfers for 12 months. Get $10 off your Coles Supermarket shop and pay no international transaction fee on purchases.

T&Cs apply. Offer ends 31 July 2022

Purchase Rate (p.a)

19.99%

Balance Transfer (p.a)

0% for 12 months No balance transfer fee.
Reverts to 19.99% p.a.

Annual Fee (p.a)

$99

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Receive 40,000 bonus Flybuys Points when you spend $3,000 or more on eligible purchases within 90 days from card approval
  • 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

  • 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, 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 40,000 Flybuys bonus points when you apply for a Coles Rewards Mastercard by 31 July 2022, are approved, and then spend $3,000 or more on eligible retail purchases within 90 days of approval. The 40,000 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.

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 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

Coles Rewards Mastercard ( based on 12 Creditcard.com.au user reviews )

55% rating based on 12 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

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

Brands you can't balance transfer from NAB

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 Flybuys

Bonus points 40,000 points

Annual points cap uncapped

Bonus points spend criteria when you spend $3,000 or more on eligible purchases 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 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 40,000 Flybuys bonus points 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. Get 0% p.a. on balance transfers for 12 months and starts when the balance transfer is processed and requested within 90 days from card approval. No interest-free days apply while you have a balance transfer.

Key features

  • Receive 40,000 bonus Flybuys Points when you spend $3,000 or more on eligible purchases within 90 days from card approval
  • 0% p.a. on balance transfers for 12 months, 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

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 a our credit card expert a question.

68 questions (showing the latest 10 Q&As)

RN

RN

2 July 2022
if i apply for this card and do a purchase on international website would there be any charges
    Pauline - CreditCard.com.au

    Pauline

    4 July 2022
    Hi RN, I checked this for you and currently, if you use this card to make a purchase online with a non-AU merchant/website or use the card overseas, you will not incur any foreign transaction fees.
Grace

Grace

1 April 2022
Hi there! If I get the credit card is it 0$ when I am overseas and using this card? Thanks
    Pauline - CreditCard.com.au

    Pauline

    4 April 2022
    Hi Grace, we actually don’t have access to the Coles Rewards Mastercard currently but upon checking, I see that you will not be charged an international transaction fee when you make purchases online or overseas. At the same time, you get to enjoy a 0% p.a. on purchases in the first 12 months from card approval, and 19.99% p.a. thereafter.
Tom

Tom

25 March 2022
Does the 0% p.a. on purchases include purchases made overseas? I'm looking at getting a credit card for a trip I'm going on but want one with no interest for 12months.
    Pauline - CreditCard.com.au

    Pauline

    31 March 2022
    Hi Tom, good question! We don’t have access to Coles Rewards Mastercard however it states in their terms that eligible purchases are any purchases made. Transactions like special promotions, cash advances, balance transfers and the like are not considered eligible purchases/transactions. You can use our comparison tool to view the different cards we have access to for your options if you’re keen on getting a credit card with 0% p.a.on purchases.
Lorraine

Lorraine

5 February 2022
What is the minimum credit limit please?
    Pauline - CreditCard.com.au

    Pauline

    8 February 2022
    Hi Lorraine, I can see that the minimum credit limit that you may be potentially approved for is $2000. It will vary depending on several factors like your credit file, ability to pay, income vs expenses and other debts you are servicing, just to name a few.
Lin

Lin

2 December 2021
Hi Pauline, I have been using Coles Master credit card since February, and I believe that I have met the requirement for eligible purchases to receive bonus Flybuys points. I have waiting for the bonus points to be credited to my account and unfortunately I received nothing until now December 2021. I had stopped using this credit card for a few months as I realised this might just be promotions which was sometimes not honoured by the company. However I see the recent promotion again with almost the same term. Before I start to warn my friends not to fall for it, I think I should raise this question to Coles, at least having a chance to an answer. Many thanks, Lin
    Pauline - CreditCard.com.au

    Pauline

    9 December 2021
    Hi Lin, you’ve landed on Creditcard.com.au, one of Australia’s leading credit card comparison sites. Coles state that bonus points will be credited to the Flybuys Membership account linked within 4 weeks of meeting the spend criteria. If it’s already beyond that period, I suggest reaching out to Coles directly at 1300 306 397 so they can look into your account and see why bonus points have not been added yet.
Robyn

Robyn

15 November 2021
Do I receive fly buy points on all purchases made on my platinum Coles Mastercard or only from certain retailers. How many points do I receive per dollar spent
    Pauline - CreditCard.com.au

    Pauline

    16 November 2021
    Hi Robyn, you earn 2 Flybuys points on every $1 spent on eligible transactions. You get to earn 3 Flybuys points too for every dollar spent with Coles’ Flybuys partners. Eligible transactions are your everyday transactions like paying for groceries, your petrol, a restaurant bill and the like. You can read the card’s terms and conditions on the Coles site for detailed information about earning points.
Shehryar

Shehryar

5 May 2021
Hi, The coles rewards mastercard page states "Over-the-Counter Transaction Fee as A$2.25". What is this "Over-the-Counter Transaction Fee" ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2021
    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."
Megan Moat

Megan Moat

6 April 2021
Can I apply if i have had a Coles master card in last 12 months? Thank you :)
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 April 2021
    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.
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