Finder Exclusive Offers: 0% for up to 24 months on balance transfer cards
Compare & save

Coles launches three new debit cards – but what’s the catch?

Shirley Liu 31 August 2015

Coles-launches-three-new-debit-cards

They’re actually prepaid MasterCards and are not linked to your transaction account.

Today Coles has launched three new prepaid debit cards:

  • Reloadable MasterCard
  • Gift MasterCard
  • Online MasterCard

The introduction of these products is not surprising, given that Coles' biggest competitor, Woolworths Money culled its reloadable prepaid card earlier this year. There are a few notable differences though – you can earn points with one of the cards offered by Coles (but none with Woolworths Money), and Coles seems to offer more of a range.

Coles Reloadable MasterCard

What it's forThe goodAnd the not-so-good
General everyday spending
  • Collect 1 flybuys point for every $2 you spend everywhere you shop
  • Free to reload and no monthly fees
  • $10 to purchase

 Coles Gift MasterCard

What it's forThe goodAnd the not-so-good
To send as a gift
  • Add your own personalised message when you purchase online
  • Accepted at 38 million locations worldwide
  • $5 to purchase

Coles Online MasterCard

What it's forThe goodAnd the not-so-good
Shopping online
  • Available to purchase online and you start shopping within 5 minutes (apparently)
  • $5 to purchase

Coles vs the competition: How does Woolworths stack up?

How do these new Coles cards hold up against Woolworths'? You can see Woolworths' prepaid credit card details below, but take note that the card is no longer available.

ProviderDetailsCard Issue FeeLoad/Reload FeeMonthly Service Fee
woolworths-reloadable-card
Woolworths Reloadable MasterCard
You have the choice of two fee options:
Option A - Monthly
Option B - Pay as you LOAD
$9.95$0 Option A
$1 Option B
$1 Option A
$0 Option B
CCF-more-button

More help from finder.com.au

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
feedback