The Coles Rewards Mastercard offers 50,000 bonus points when you apply by 30 June 2024 and spend $3,000 in the first 3 months. It also earns 2 Flybuys points per $1 on eligible purchases up to $3,000 in a statement period, which drops to 1 point per $1 for the rest of that period. If you’re approved for a platinum card, you’ll also get access to complimentary insurance cover for eligible purchases. But you can’t apply for a platinum card separately, so you won’t know if you’re eligible for one unless you’re approved.
Finder makes money from featured partners, but editorial opinions are our own.
Coles Rewards Mastercard
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 19.99% p.a.
- Bonus points
- 50,000
- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- 2
Our verdict
Offers 50,000 bonus Flybuys points and earns points per $1 on eligible purchases you make anywhere, with a $99 annual fee.
The Coles Rewards Mastercard offers one of the highest earn rates among cards that are linked to the Flybuys program, earning up to 2 points per $1 on eligible spending. As an example of rewards, you can redeem 2,000 Flybuys points for $10 off at partnered stores or 1,000 Velocity Points if you're chasing frequent flyer rewards. That means the 50,000 bonus Flybuys points could get you $250 Flybuys Dollars to save on shopping at Coles, Kmart, Target and other partners or 25,000 Velocity Points.
Pros
-
50,000 bonus Flybuys points
-
2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period (then 1 point per $1)
-
0% international transaction fees on purchases
Cons
-
Doesn't offer complimentary travel insurance, unlike some other rewards cards
Details
Product details
| Product Name | Coles Rewards Mastercard |
| Balance transfer rate p.a. | 19.99% |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | 19.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 19.99% |
| Min credit limit | $1,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Rewards program | Flybuys |
| Bonus points | 50,000 |
| Rewards points per $ spent | 2 |
| Rewards points cap | Uncapped |
Fees
| Annual fee | $99 |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 0% |
| Cash advance fee | 3% or $1.95, whichever is greater |
| Overseas cash advance fee | $5 + 2.5% of transaction amount |
| Overseas ATM withdrawal fee | $5 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
Well done, Coles!
The Coles Rewards Mastercard scored well for its bonus points offers and earn rate. It earns 2 Flybuys points per $1 on eligible spending up to $3,000 in a statement period and 1 point per $1 after that. Its $99 annual fee is also competitive for a card in this category.
Full list of 2024 winnersHow to apply
You can apply for the Coles Rewards Mastercard online and receive a response within 60 seconds. Make sure to check if you meet the eligibility requirements and have the necessary information to complete the application before you get started.Eligibility criteria
- New cardholder. The bonus Flybuys points offer is only available to new customers.
- Eligible balance transfer debt. If you want to transfer a balance to this card, you can transfer up to 80% of your available credit limit.
Your reviews
Not enough reviews
Write a review
Amy Finder
Editor
Hi there, looking for more information? Ask us a question.
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 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Sarah Megginson Finder
February 15, 2024
Hi Alma, this card doesn’t offer complimentary travel insurance, unlike some other rewards cards.
Caspar
December 09, 2023
Hello
Most credit cards have a minimum income level. In your experience, is there a way around that? I do understand that this is a requirement of the card issuer, not Coles or Latitude who whoever. Do they accept personal explanations of one´s financial status?
We are self-funded retirees, with an unblemished credit history. We no longer work because we do not have to, having a property portfolio. To me it seems like I would be an acceptable risk if I earned 75k yet had an 800k mortgage, which is probably a fairly common scenario, as opposed to the 25k we each declare whilst sitting on enough liquidity to see us out for the rest of our lives.
Only looking for a new provider because I am just not happy with the current one, which is HSBC btw.
Show more Show less
Amy Bradney-George Finder
December 12, 2023
Hi Caspar,
It’s true that credit cards have income requirements as part of the responsible lending obligations that banks and other lenders need to meet. But every credit card brand has a different definition of “income” and in some cases that includes receiving income from a pension and/or other investments. Finder has a guide on credit cards for retired and pensioner applicants that has more details on the different options and requirements.
Usually, you’ll need to provide your most recent superannuation, pension or other income and banking statements to verify the regular income. If you use an accountant, you may also be asked for their details on the application. In regards to income for the Coles Rewards Mastercard, the eligibility requirements state that you must “receive a regular income”. There’s no specific information about the type of income (some lenders provide more specific details). But you could contact the Coles Credit Cards team on 1300 306 397 if you wanted to discuss your situation before applying. I hope this helps.
Show more Show less
Mich
November 27, 2023
Hi ,Is there a difference between Coles Reward and Coles Platinum rewards?
Amy Bradney-George Finder
December 05, 2023
Hi Michelle,
A platinum Coles credit card offers complimentary insurance. But the main features of the Coles Rewards Mastercard – including points per $1, rates and fees – are the same. And there is no separate “platinum” application, just the one you would use to apply for the Coles Rewards Mastercard. If you have any other questions, you could contact Coles Mastercard on 1300 306 397. I hope this helps.
Show more Show less
Chris
November 04, 2023
I have a platinum card already, can I add the other card as a new customer?
Amy Bradney-George Finder
November 06, 2023
Hi Chris,
If you have a platinum Coles credit card, you won’t be eligible for this offer as it’s only available to new customers. If you have questions about your current credit card, you can contact Coles directly. You could also compare other rewards credit cards to your current card to decide if you want to apply for a new one. I hope this helps.
Show more Show less
stuart
October 08, 2023
Does this card give you status credits?
Amy Bradney-George Finder
October 08, 2023
Hi Stuart,
The Coles Rewards Mastercard doesn’t earn status credits. It earns Flybuys points per $1 spent. But if you link your Flybuys and Velocity Frequent Flyer accounts, you’ll earn 1 Velocity Status Credit for every $100 you spend at Coles, First Choice Liquor and Liquorland. This offer is through Flybuys and separate to the Coles Rewards Mastercard, although you could transfer points earned from this card to your Velocity account as well. I hope that helps.
Show more Show less
More resources on Finder
Card types
Cards from
Alma
February 13, 2024
Hi does the card give you insurance on purchases or international travel insurance