Coles Rewards Mastercard

Last updated: Oct 15, 2020

Get $100 off a Coles Supermarket shop, a $0 annual fee for the first year and 0% interest on balance transfers for the first 18 months.

New customers who apply for this card by 31 January 2021 can be rewarded with $100 off a single shop at Coles Supermarket when you spend $500 in the first 60 days and save with a $0 first-year annual fee. Plus, a 0% interest rate for the first 18 months on balance transfers (with a one-time 1.5% balance transfer fee).

The Coles Rewards Mastercard earns 2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period, and 1 point per $1 spent thereafter. Plus points with Flybuys partners when you shop and scan your membership barcode. You can also save when shopping overseas or online with an international retailer with this card's 0% international transaction fee on purchases.

0% p.a.

Balance transfer rate

for 18 months with 1.5% balance transfer fee

19.99% p.a.

Purchase rate

Reward points

Per $ spent

$0 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

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Details

Product Name	Coles Rewards Mastercard
Rewards program	Flybuys
Balance transfer rate	0% p.a. for 18 months with 1.5% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (19.99% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	19.99% p.a.
Annual fee	$0 annual fee for the first year ($99 p.a. thereafter)
Interest-free period	55 days
Cash advance rate	19.99% p.a.
Min credit limit	$2,000
Card type	Mastercard
Foreign currency conversion fee	0%

Minimum income	$25,000
Available to temporary residents	No
Joint application	No

Pros

$0 annual fee for the first year
$100 off a Coles Supermarket shop
0% p.a. on balance transfers for 18 months
2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period (1 point per $1 thereafter)
0% international transaction fees on purchases

Cons

Charges a one-time 1.5% balance transfer fee
The standard annual fee of $99 is relatively high

Rewards program	Flybuys
Rewards points per $ spent	2
Rewards points cap	Uncapped

Annual fee	$0 annual fee for the first year ($99 p.a. thereafter)
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

Go to Coles Credit Cards's site More info

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Coles Rewards Mastercard offers one of the highest earn rates among cards that are linked to the Flybuys program, with up to 2 points earned for each $1 spent on eligible purchases. As an example, you can redeem 2,000 Flybuys points for $10 off at partnered stores including Coles and Kmart.

You will also get $100 off a single shop at Coles supermarkets when you spend at least $500 on eligible purchases in the first 60 days you have this card. Plus, extra savings with the 18-month 0% introductory rate on balance transfers and the first-year annual fee waiver. But keep the 1.5% balance transfer fee in mind, as well as the standard $99 annual fee that applies after the first year.

Like most cards partnered with a loyalty program, the Coles Rewards Mastercard attracts a relatively high purchase interest rate and is best suited to people who can pay their balance in full each month.

How 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

Income. You must have an after-tax income of at least $25,000 p.a.
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 from Australian accounts not issued by Citigroup.

Age. You must be at least 18 years old.
Credit history. You'll need a good credit score to receive approval.
Residency. This card is available to permanent Australian residents.
New cardholder. The balance transfer offer is only available to new customers.

Required documents

Personal information. This includes your full name, date of birth, contact information, residential address and number of dependents.
Proof of identification. You'll need to verify your identity with ID such as an Australian driver's licence or passport.
Income. You'll need to confirm your annual income and provide your employer's name, address and phone number.
Finances. You'll be asked to list any assets (such as savings, property or superannuation) and liabilities (including other debts and credit limits).
Flybuys membership. If you already have one, you can include your Flybuys membership number. If you're not already a member of the Flybuys program, you will be automatically enrolled when you apply.
Balance transfer details. If you are planning to transfer a balance, you'll need to provide details including the total amount of debt you want to transfer, your account name and number, as well as the BSB for the institution that currently holds the debt.

Go to Coles's site More info

Card benefits

$100 off a Coles Supermarket shop. You'll get $100 added to your linked Flybuys account when you apply by 31 January 2021 and spend $500 on eligible purchases using your new Coles Rewards Mastercard within the first 60 days from when the card is approved. The $100 will be available within 4 weeks of meeting the spend requirement and you'll have 90 days to use it on a shop worth $100 or more.
First-year annual fee waiver. Save with a $0 annual fee for the first year ($99 p.a. thereafter). This offer is only available when you apply by 31 January 2021.

Balance transfer offer. When you apply by 31 January 2021, you can pay down your existing debt(s) with a 0% interest rate on balance transfers for the first 18 months (with a one-time 1.5% balance transfer fee). After the introductory period, any balance remaining will be charged at the cash advance rate, currently 19.99% p.a. Note that you won't earn Flybuys points on balance transfers and you won't be eligible for interest-free days on purchases when you have a balance transfer.
Rewards program. Earn 2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period, then 1 point per $1 for the remainder of the statement period. You'll also collect 1 additional point when you scan your Flybuys barcode at eligible retailers including Coles, Kmart, Target and Liquorland. You can redeem your Flybuys points for merchandise and gift cards from the Flybuys store as well as money off your shop at Coles supermarkets. You can get $10 off at the Coles checkout with 2,000 Flybuys points. Eligible purchases cover most everyday transactions including groceries, petrol and dining, while transactions that are not eligible for points include cash advances, balance transfers and account fees.
0% international transaction fees on purchases. The Coles Rewards Mastercard does not charge international transaction fees on purchases when you shop overseas or online with an international merchant.
Coles Mobile Wallet app. You can use this free app to manage your account and monitor your Flybuys points balance. The Coles suite of credit cards are also compatible with both Apple Pay and Samsung Pay.

Rates & fees

Annual fee. Outside of any promotions, this card charges a $99 annual fee.
Interest rates. The interest rate for both purchases and cash advance transaction is 19.99% p.a.

Up to 55 interest-free days. Take advantage of up to 55 days interest-free on retail purchases when you pay the total outstanding balance (including any balance transfers) by the due date on each statement. Note that interest-free days are not offered for cash advances, balance transfers, special promotions or account fees and charges.

Go to Coles's site More info

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267 Comments

Deepali
April 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

Mai
April 13, 2019

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,
Mai

Manisha
October 18, 2018

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

finder Customer Care

Jhez
October 19, 2018

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.

Regards,
Jhezelyn

Peter
October 1, 2018

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

finder Customer Care

Jhez
October 1, 2018

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.

Regards,
Jhezelyn

raphael
September 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

Charisse
September 22, 2018

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.

Cheers,
Charisse

robert
May 28, 2018

Hi,

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?

Thanks

finder Customer Care

Jeni
May 28, 2018

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!

Cheers,
Jeni

Roy
May 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

Jhez
May 2, 2018

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.

Regards,
Jhezelyn

Sandra
April 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

Jhez
April 6, 2018

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.

Regards,
Jhezelyn

AI
July 12, 2017

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

Danielle
July 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.

Cheers,
Danielle

vv
May 4, 2017

Hi,

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?

Cheers,
VV

finder Customer Care

Harold
May 5, 2017

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.

Cheers,
Harold

Leanne
April 19, 2017

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

finder Customer Care

Harold
April 20, 2017

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.

Cheers,
Harold

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