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Pros
No international transaction fee on purchases when you shop online or overseas
0% p.a. on balance transfer for 6 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.
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 6 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 |
| 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 |
| 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 |
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.
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 6 months. This rate reverts to the cash advance rate of 19.99% p.a. after the 6 months. Remember that no interest free days apply to retail purchases while you have a balance transfer.
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.
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.
An excellent everyday rewards card for shoppers who want to collect flybuys points while enjoying some nice shopping-related perks and extras.
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 6 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.
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.
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 6 months. This rate reverts to the cash advance rate of 19.99% p.a. after the 6 months. Remember that no interest free days apply to retail purchases while you have a balance transfer.
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.
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.
An excellent everyday rewards card for shoppers who want to collect flybuys points while enjoying some nice shopping-related perks and extras.
Coles Rewards MastercardI 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 cardPurchase rate 19.99% p.a.
Cash advance rate 19.99% p.a.
Interest free on purchases up to 55 days
Balance transfer rate 0% p.a. for 6 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
Minimum credit limt $2,000
Maximum credit limit N/A
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 Program flybuys
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
flybuys points 2 points
per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
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
No international transaction fees on purchases when you shop online or overseas
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 6 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.
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.
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Apply by 2 Dec 19
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