The Coles Rewards Mastercard offers 75,000 bonus points when you apply by 31 January 2024 and spend $3,000 in the first 90 days. 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. This is still a competitive earn rate compared to other rewards cards with similar annual fees, but it's worth thinking about how much you usually spend to decide how much value you'll get.
Coles Rewards Mastercard

- Balance transfer rate for 6 months with no balance transfer fee
- 0% p.a.
- Bonus points
- 75,000
- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- 2
Our verdict
Offers 75,000 bonus Flybuys points and earns points per $1 on eligible purchases you make anywhere, with a $99 annual fee.
Pros
-
75,000 bonus Flybuys points
-
0% p.a. on balance transfers for 6 months
-
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
-
Relatively high 19.99% interest rate for balance transfers after the introductory period
-
No interest-free days on purchases if you have a balance transfer
Details
Product details
Product Name | Coles Rewards Mastercard |
Balance transfer rate p.a. | 0% for 6 months, then 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 | 75,000 |
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 |
Your reviews

Amy Finder
Editor
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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.
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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.
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fdp
May 10, 2023
Hi,
When paying for utilities such as gas through AGL or say council rates, do these payments on the credit card still attract points?
Many thanks

Amy Bradney-George Finder
May 12, 2023
Hi fdp,
According to the terms and conditions for this card, paying council rates would not earn points, as it’s a government-related transaction. Paying utilities by BPAY also wouldn’t earn points. The terms and conditions for this card are available on the Coles Mastercard website and include a definition of eligible transactions that earn points and those that don’t. But they also note that it depends on how a transaction is processed. So if you want to earn points for a specific type of transaction, it’s a good idea to contact Coles Mastercard directly on 1300 306 397 or through the app. I hope that helps.
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adhil
April 17, 2023
hi,
Coles Rewards Mastercard: does this card have travel insurance included?

Sarah Megginson Finder
April 19, 2023
Hi Adhil,
No this card does not come with travel insurance.
However, the Coles Platinum Mastercard credit card does come with travel insurance – more info here:
https://www.finder.com.au/coles-source-account-cover-plus
Hope this helps.
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Donald
March 23, 2023
I am trying to apply for a Coles Credit Card from the Finder Site.It won’t take me to the correct page.Shall I go direct to the Coles site?

Amy Bradney-George Finder
March 23, 2023
Hi Donald,
You can currently apply for this card through Finder by using any of the “Find out more”, “Go to site” or “Go to Coles’s site” buttons on this review page. If you can’t view these buttons, you could apply directly through Coles. I hope that helps.
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Chris
November 04, 2023
I have a platinum card already, can I add the other card as a new customer?