2,000 bonus flybuys points with Coles gift card deal

Posted: 3 April 2018 7:38 am
News

This is as close to free points as you're ever going to see.

A deal to consider if you're trying to boost your flybuys or Velocity points totals: this week, Coles is offering 2,000 bonus flybuys points to purchasers of select gift cards. Here's our guide to making the most of the deal, which runs from 4 April to 10 April.

The deal is available for eftpos, Ticketek or Dinner & Movie gift cards, all of which come in $50 or $100 denominations. The points on offer are the same either way, so we'll concentrate on the $50 options.

If there's someone on your gift list for whom a $50 Ticketek or Dinner & Movie card would be a welcome present, you could simply purchase one of those cards and pocket the bonus points. However, $50 isn't going to score anyone particularly good tickets or much of a meal, so you might want to think twice about that.

The eftpos card is a more interesting option. You can spend the $50 from the card on whatever you like, so you can use it to pay for regular expenses. However, you'll have to pay a $5.95 fee for the card. In effect, you're paying $5.95 for 2,000 flybuys points.

Is that worth it? Here's the basic maths. Value-wise, the best way to use your flybuys points is by converting them into Velocity points. 2,000 points get you 870 Velocity points. If you spend your points on a flight or an upgrade, then those 870 points are worth a lot more than $5.95. The exact amount will vary depending on the flight you choose, but you can quite easily use 870 points for around $20 worth of flight, so you're potentially still ahead even after paying the fee.

Remember: you can only get the bonus points once per flybuys household, so there's no point buying multiple cards.

These kinds of deals pop up regularly, with the most recent one we've seen running on Mastercard gift cards at Coles. While you won't score the thousands of points that are on offer for frequent flyer credit card sign-ups, taking advantage of these deals can help increase your points balance.

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Picture: Nils Versemann/Shutterstock

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