Coles Rewards Mastercard

Earn flybuys points for your spending and save with 0% p.a. interest for 6 months on balance transfers with the Coles Rewards Mastercard.

Earn flybuys points faster with 2 points for every $1 you spend on the Coles Rewards Mastercard. It also features a competitive annual fee of $99 and offers no foreign transaction fees for overseas and online purchases, which makes it a worthy companion to help save on fees when travelling.

When you apply and are approved by 30 June 2019, you’ll pay 0% p.a. interest for up to 6 months on balance transfers.

Product NameColes Rewards Mastercard
Rewards Programflybuys
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 June 2019
Annual fee$99 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)19.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$99 p.a.
Minimum Monthly Repayment100% (if <$30) or varies (if >$30)
Late Payment Fee$30
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Cash Advance Fee$1.95 (if <$65.00) or 3% (if >$65.00)
Overseas Cash Advance Fee$5
Overseas ATM Withdrawal Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4


  • New cardholders receive $100 off a single Coles Supermarket shop when they make a purchase within 30 days.
  • A 0% p.a. balance transfer offer for the first 6 months if you apply by 30 June 2019.
  • Earn 2 flybuys points for every $1 spent on eligible purchases.
  • You can enjoy an interest-free period of up to 55 days on purchases.
  • This card allows you to request up to 4 additional cardholders at no extra charge.


  • The $99 annual fee is relatively high for a standard credit card.
  • Once the promotional period ends, the 0% introductory offer on balance transfers reverts to a 19.99% p.a. cash advance rate.
Rewards Programflybuys
Rewards Points per $ spent (VISA/MC)2
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Coles Rewards Mastercard

The Coles Rewards Mastercard comes with its share of benefits, and here’s what you can look forward to as a cardholder:

  • $100 off a single Coles Supermarket shop. To take advantage of this offer, you'll need to apply as a new customer by 30 June 2019 and make a purchase (excluding cash advances) within the first 30 days. The $100 off will be activated on your flybuys account and will be available to use on a single shop within 3 weeks of your first purchase.
  • Balance transfer offer. Consolidate your existing debts with 0% p.a. interest for up to 6 months. After the introductory period, rate reverts to the variable cash advance rate (currently 19.99% p.a.)
  • Rewards program. The Coles Rewards Mastercard offers 2 flybuys points per $1 spent on eligible purchases. Enjoy $10 off any Coles Supermarket shop after redeeming 2,000 flybuys points. Flybuys points can also be redeemed for a range of merchandise and do not expire if you redeem or earn points at least once every 12 months.
  • No international transaction fees. This card charges a 0% fee for purchases made overseas or with international retailers (2.5% fee for cash withdrawals).
  • Up to 55 interest-free days. Coles Rewards Mastercard offers up to 55 days interest-free on purchases as long as the balance is paid in full each statement cycle. This allows you to use the card and earn valuable points while minimising interest costs.

Features of the Coles Rewards Mastercard

The Coles Rewards Mastercard comes with a number of features, including:

  • Annual fee. The Coles Rewards Mastercard's $99 p.a. annual fee is charged on the date of your first purchase and every year afterwards.
  • Purchase rate. The Coles Rewards Mastercard charges a 19.99% p.a. interest rate on purchases.
  • Cash advance rate. Any cash advances or cash-equivalent transactions will accrue interest at the cash advance rate of 19.99% p.a.
  • Coles Mobile Wallet App. This free app for Android and iPhone allows you to manage your account and flybuys points 24/7.

How to apply for the Coles Rewards Mastercard

Applying for the Coles Rewards Mastercard is easy. You can apply for this credit card by completing and submitting the secure online application. Before you do, make sure you meet the following eligibility criteria:

Eligibility criteria

  • You’re at least 18 years old.
  • Are a permanent Australian resident.
  • You don’t have poor credit rating.
  • Must have after-tax income of at least $25,000 p.a.

Required documents

  • Your complete name, date of birth, relationship status, and number of dependents
  • Personal identification eg. an Australian driver's license
  • Your email address, phone number, residential address, and residential status
  • Your employer’s name, address, and phone number
  • Details of your income from all sources and expenses, which include all outstanding debts
  • Your current flybuys number (if you have one)

Anyone who frequently shops at Coles could benefit from the Coles Rewards Mastercard, but you should establish at the onset if you’ll make more through rewards than the $99 p.a. you end up paying in annual fees. Being able to redeem your flybuys points when you shop at Coles is a definite plus. Bear in mind that this is not the only Coles or rewards credit card, so compare your options before you apply.

Frequently asked questions

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267 Responses

  1. Default Gravatar
    DeepaliApril 12, 2019

    Hi! I would like to know that can I use this card on other shops like Indian Grocery shops or to fill the tank of my car?

    • finder Customer Care
      MaiApril 13, 2019Staff

      Hi Deepali,

      Thank you for reaching out to Finder.

      Yes, you can use this card to purchase on other shops that Coles. You can use this as a regular credit card where Mastercard is accepted.

      Hope this helps.

      Kind Regards,

  2. Default Gravatar
    ManishaOctober 18, 2018

    Can I apply for the Coles Rewards Mastercard if I am a temporary Resident of Australia?

    • finder Customer Care
      JhezelynOctober 19, 2018Staff

      Hello Manisha,

      Thank you for your comment.

      Unfortunately, the Coles Rewards Mastercard is not available for Temporary Residents.

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


  3. Default Gravatar
    PeterOctober 1, 2018

    What fee do you charge for payments made at Australia Post?

    • finder Customer Care
      JhezelynOctober 1, 2018Staff

      Hello Peter,

      Thank you for your comment.

      If you pay your bill over the counter at Australia Post you may incur more or less a fee of $2.00 per payment (including GST). The cost will vary also because you may incur fees and/or charges imposed by your biller at the time of making payment, or on your next bill, for payment processing costs.

      Anyway, if a fee and/or charge is applied at the time of making your payment, you will be advised of this before the payment is processed and you will have the opportunity to cancel or change the payment before it is processed.

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


  4. Default Gravatar
    raphaelSeptember 21, 2018

    As a supplementary cardholder, does he get a different card number ? Or is it equal to the primary one?

    And how is the access to the mobile app? Is it separate from the primary member or information is all together ?

    • finder Customer Care
      CharisseSeptember 22, 2018Staff

      Hi Rapahael,

      Thanks for reaching out to finder.

      Subject to Coles’ approval, the supplementary cardholder will be provided with an additional card, a separate PIN, and other Security Codes necessary to use facilities like telephone banking and internet banking. The additional cardholder will have access to your account details and transaction history.

      There is no specific information stating that the additional card will have a new or different card number so most likely, it will have the same card number. You can confirm that information by calling Coles directly.

      I hope this helps.


  5. Default Gravatar
    robertMay 28, 2018


    Wanting to change from Coles (no annual fee) Mastercard to a Platinum Rewards Mastercard. How do I go about this, and also what happens to the reward points which are on my card now?


    • finder Customer Care
      JeniMay 28, 2018Staff

      Hi Robert,

      Thank you for getting in touch with finder.

      To change your card to Coles Platinum Rewards Mastercard, you have to apply for that card and cancel the old one. Please note that flybuys points don’t expire as long as you collect or redeem them at least once a year. If you don’t earn or redeem any points on your account for a period of 12 consecutive months, then your points will automatically expire and your membership may be terminated.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice. You can contact Coles directly for further concerns and enquiry.

      I hope this helps.

      Have a great day!


  6. Default Gravatar
    RoyMay 2, 2018

    I am a international student. I want credit card with at least $10,000 limit how can i get that ?

    • finder Customer Care
      JhezelynMay 2, 2018Staff

      Hello Roy,

      Thank you for your comment.

      Most of the credit cards featured on our pages are offered to permanent residents and citizens of Australia. If you’re an international student and temporarily residing in Australia with eligible visa, you may check the credit card products listed on this page.

      Please note that the credit limit is to be set by the provider and this is being assessed based on many factors. Before you send an application, make sure you are eligible. I hope this helps.


  7. Default Gravatar
    SandraApril 6, 2018

    With the Coles Mastercard, what is considered an “eligible purchase”? Also what is the cost for an additional card holder?

    • finder Customer Care
      JhezelynApril 6, 2018Staff

      Hello Sandra,

      Thank you for your purchase.

      According to the Coles Mastercard Reward terms and conditions, an Eligible Transaction means 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 such as interest and ATM charges, transactions made using flybuys Points and government related transactions. This in indicated in part 1 of the terms and conditions. For the additional cardholder, there’s no charge for yearly additional cardholder fee.


  8. Default Gravatar
    July 12, 2017

    I would like to confirm that a Coles Mastercard will earn flybuy points when used to pay Australian taxes and Rates

    • Default Gravatar
      DanielleJuly 13, 2017

      Hi Al,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      Yes that’s correct, you may refer to this page for more information.

      I hope this helps.


  9. Default Gravatar
    vvMay 4, 2017


    I have a 28 degrees card (with a small credit card limit) which I use when I travel internationally. I can load this with cash prior to pay for things (eg. accommodation) that may cost more than my credit card limit. Is it possible to do this with the Coles card?

    Does using the card while travelling internationally attract flybuys points?


    • finder Customer Care
      HaroldMay 5, 2017Staff

      Hi Vv,

      Thank you for your inquiry.

      Typically you can earn flybuy points through eligible transactions that exclude cash advances, credit fees or charges, credits, refunds, reimbursements, business purchases or balance transfers into your account.

      I hope this information has helped.


  10. Default Gravatar
    LeanneApril 19, 2017

    Could you please advise which ATMs I c an use without paying a transaction fee?

    • finder Customer Care
      HaroldApril 20, 2017Staff

      Hi Leanne,

      Thank you for your inquiry.

      In general, across-border assessment fee and a currency conversion assessment fee is charged when you withdraw cash from an automatic teller machine outside Australia or when you make a cash advance at international merchants in a currency other than Australian dollars.

      I hope this information has helped.


Credit Cards Comparison

Rates last updated April 19th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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