Coles Platinum Rewards Mastercard

Last updated:  

Earn 2 flybuys points per $1 spent and pay no international transaction fees with the Coles Platinum Rewards Mastercard.

The Coles Platinum Rewards Mastercard has a $99 annual fee and offers uncapped rewards, a 24/7 concierge service and an introductory balance transfer offer.

0% p.a.

Balance transfer rate

for 6 months

19.99% p.a.

Purchase rate

2

Reward points

Per $ spent (Visa/Mastercard)

$99 p.a.

Annual fee

Details

Product NameColes Platinum Rewards Mastercard
Rewards Programflybuys
Balance Transfer Rate0% p.a. for 6 months
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate19.99% p.a.
Annual Fee$99
Interest Free Period55 days
Cash Advance Rate19.99% p.a.
Minimum Credit Limit$6,000
Card TypeMastercard
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Earn 2 flybuys points for every $1 spent.
  • Receive up to 55 days interest-free on purchases.
  • Take advantage of 0% p.a. on balance transfers for the first 6 months.

Cons

  • This is a platinum product that does not offer travel insurance.
Rewards Programflybuys
Rewards Points per $ spent (Visa/Mastercard)2
Annual Fee$99
Late Payment Fee$30
Cash Advance Fee3% or $1.95, whichever is greater
Overseas Cash Advance Fee$5
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

With a minimum credit limit of $6,000, the Coles Platinum Rewards Mastercard is designed for bigger spenders than the Coles Rewards Mastercard. While both of these cards offer the same competitive rewards earn rate and annual fee, the Coles Platinum Rewards Mastercard also offers complimentary purchase protection insurance, extended warranty cover and transit accident insurance.

How to apply

You can apply for the Coles Platinum Rewards Mastercard online and will get a response within 60 seconds of submitting the completed application. Before you get started, make sure you meet the eligibility criteria and have all the details you need to complete the application.

Eligibility criteria

  • Minimum income. You must earn a minimum of $25,000 per year.
  • Minimum credit limit. You must be approved for a credit limit of at least $6,000 to get the Coles Platinum Rewards Mastercard. Otherwise, you could consider the Coles Rewards Mastercard instead.

Card benefits

  • 0% international transaction fees. Save on fees when you travel overseas or shop online with businesses that are based overseas when you use this card. In comparison, some other cards charge 3% or more.
  • flybuys points. Earn 2 flybuys points per $1 spent on eligible purchases made with this card. Eligible purchases cover most everyday transactions including grocery shopping, petrol, dining out and travel bookings. Transactions that don’t earn points include balance transfers, cash advances and BPAY payments.

Rates & fees

  • Annual fee. The Coles Rewards Mastercard's $99 annual fee is charged on the date of your card’s activation and then on the anniversary of this date for subsequent years.
  • Purchase rate. This card’s 19.99% p.a. purchase interest rate is similar to the rates on other rewards cards.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

83 Comments

  1. Default Gravatar
    Bridget
    April 4, 2019

    Am I covered for travel insurance for overseas if I have paid for my tickets using my Coles Mastercard?

    • AvatarStaff
      Jhez
      April 5, 2019

      Hello,

      Thank you for your comment.

      Upon checking, Coles Platinum Rewards MasterCard does not offer complimentary travel insurance.

      Regards,
      Jhezelyn

  2. Default Gravatar
    Dave
    November 6, 2018

    If u use my platinum card to rent a car does it cover liability?

    • AvatarStaff
      Jhez
      November 8, 2018

      Hello Dave,

      Thank you for your comment.

      Unfortunately, Coles Platinum Rewards Mastercard does not cover liability for car rentals. You may verify this by checking the Coles Platinum Mastercard® Complimentary Insurance Terms and Conditions.

      Alternatively, you may want to check our Car rental excess insurance guide here.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  3. Default Gravatar
    Minh
    September 7, 2018

    I would like to set up an e statement for my card, what will I have to do?

    • AvatarStaff
      Jeni
      September 7, 2018

      Hi Minh,

      Thank you for getting in touch with finder.

      You can opt to have your statements delivered to your email address. To enrol in eCommunications:

      – Log in to the Online Service Centre, click “My Profile”, then click “Statement Preferences”
      – Set your eCommunications password which will be used each time you open your eStatement
      – Agree to the Electronic Communication Consent
      – Confirm your enrolment

      You can view your statements online as well as save or print them.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    MBC2018
    August 30, 2018

    How long does it take for my card to arrive

    • AvatarStaff
      John
      August 30, 2018

      Hi MBC2018,

      Thank you for leaving a question.

      You will usually receive a new card about ten days after you apply for it. The fastest credit card providers can get a new card to you within seven days. However, it can take longer and depends on how quickly your new provider processes your application. Hope this helps!

      Cheers,
      Reggie

  5. Default Gravatar
    David
    April 3, 2018

    If I buy a second hand car from a dealer/car yard, and I use my Coles Platinum MasterCard, does this qualify for the 2 points for every $1 spent? it says 2 points for every dollar spent of everyday spending, so is the car excluded?

    Thanks.

    • AvatarStaff
      May
      April 3, 2018

      Hi David,

      Thanks for your question.

      Should your car company treat your transaction as a “purchase” you should earn points using your Coles Platinum Rewards Mastercard. According to Coles, eligible purchase is defined as any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges, transactions made using flybuys points and government related transactions.

      Cheers,
      May

    • Default Gravatar
      David
      April 3, 2018

      Thanks May, Fast speedy, excellent service and response!
      Thanks!
      David.

  6. Default Gravatar
    Jay
    March 19, 2018

    Hi,

    Is it double Flybuys when shopping via Coles online and making payment with Coles mastercard also?

    Thanks,
    J

    • AvatarStaff
      Jeni
      March 19, 2018

      Hi Jay,

      Thank you for getting in touch with finder. This credit card earns 2 flybuys points per $1 spent on everyday purchases, with no points cap. You can earn flybuys points for every dollar you spend with Coles, Liquorland, Kmart and Target (just to name a few). Once you’ve accumulated 2,000 points, you can redeem them for $10 off your shop at the Coles checkout.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  7. Default Gravatar
    Ian
    February 3, 2018

    Can I earn points making my ATO payments?

    • AvatarStaff
      Rench
      February 14, 2018

      Hi Ian,

      Thanks for your inquiry.

      With Coles Platinum Rewards Mastercard, I’m afraid ATO payments is not included when earning flybuys points. flybuys points can be earned on eligible transactions except on:

      Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travelers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges such as interest and ATM charges, transactions made using flybuys Points and government-related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court-related costs).

      Meantime, you can check this page to find out which credit cards earn rewards points when paying tax bill.

      Best regards,
      Rench

  8. Default Gravatar
    Margaret
    May 8, 2017

    (1) We do a lot of travel overseas. Are Coles aware of any countries where their Mastercard has not been accepted?

    (2) We are presently using an NAB Platinum Fly Buys Mastercard. How long once we apply should we receive a new Coles card?

    (3) Will we automatically start accruing Fly Buys points on the new Coles card or do we need to cancel the NAB card first?

    Thank you

    • AvatarStaff
      May
      May 11, 2017

      Hi Margaret,

      Thank you for your inquiry.

      (1) We do a lot of travel overseas. Are Coles aware of any countries where their Mastercard has not been accepted?
      Typically, cards with MasterCard logo is accepted anywhere and so is the Coles MasterCard.

      (2) We are presently using an NAB Platinum Fly Buys Mastercard. How long once we apply should we receive a new Coles card?
      Depending on how fast you can provide Coles with your complete requirements, your application may also be actioned immediately. But generally, credit card applications would take 1-2 weeks to be processed.

      (3) Will we automatically start accruing Fly Buys points on the new Coles card or do we need to cancel the NAB card first?
      Once you are approved for the Coles MasterCard and use it on eligible purchases, you’d automatically start earning flybuys points without even cancelling your NAB account. Moreover, even if you will also use your existing NAB Platinum Flybuys Mastercard, you’d still earn flybuys on it. It’s upon your discretion as to whether you should close or not and when you would have to cancel your NAB account. At any time that your credit card has no outstanding balance, you can actually close your account.

      Cheers,
      May

  9. Default Gravatar
    And1
    January 11, 2017

    Why do you say there’s an annual $89 fee on platinum? there is no such fee now. I just got a platinum card and on the letter it clearly says “Coles No Annual Fee Platinum Mastercard”

    Why is finder.com.au spreading misinformation!?

  10. Default Gravatar
    hugo
    November 19, 2016

    1. I had platinum rewards MasterCard,IS it means I spend $100 in coles and pay by credit card I can earn 100+200=300 points? I checked my flybuys points only had 100 points? My credit card already linked to my flybuys. Do you know what’s the problem?

    2. I spent $100 on eBay and also pay by my credit card ,after two days I checked I don’t receive any points from flybuys. Do you know what’s the problem? do I need to wait how many days in the normal?

    I hope you can understand what happen to me. Thank you very much!

    • AvatarStaff
      May
      November 22, 2016

      Hi Hugo,

      Thanks for your inquiry.

      1. Coles Platinum Rewards MasterCard actually lets you earn 2 flybuys points for every $1 spent on eligible purchases anywhere. Eligible purchases exclude cash advances, credit fees or charges, credits, refunds, reimbursements, business purchases or balance transfers into your account.

      2. It can take up to four weeks before the flybuys points are processed and credited to your account. So it could be possible that your other flybuys points are still not yet credited to your account.

      Hope this has answered your questions.

      Cheers,
      May

Ask a question
Go to site