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Coles Rewards Mastercard

Sally McMullen
Sally McMullen
Last updated:  

Earn flybuys points for your spending and save with a 0% balance transfer offer.

Earn flybuys points faster with 2 points per $1 spent on eligible transactions with the Coles Rewards Mastercard. This is in addition to the points that are earned with flybuys partners.

0% p.a.

Balance transfer rate

for 18 months with 1.5% balance transfer fee

19.99% p.a.

Purchase rate

2

Reward points

Per $ spent (Visa/Mastercard)

$99 p.a.

Annual fee

Details

Product NameColes Rewards Mastercard
Rewards programflybuys
Balance transfer rate0% p.a. for 18 months with 1.5% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$99 p.a.
Interest-free period55 days
Cash advance rate (p.a.)19.99% p.a.
Min credit limit$2,000
Card typeMastercard
Foreign currency conversion fee (Visa/Mastercard)0%
Complimentary travel insuranceNo
Minimum Income$25,000
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo

Pros

  • 0% p.a. on balance transfers for 18 months
  • 2 flybuys points for every $1 spent on eligible purchases
  • 0% international transaction fees on purchases

Cons

  • Charges a one-time 1.5% balance transfer fee
  • Relatively high annual fee of $99
Rewards programflybuys
Rewards Points per $ spent (Visa/Mastercard)2
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual fee$99 p.a.
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee (Visa/Mastercard)0%
Cash Advance Fee3% 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 cardholders4
Go to Coles Credit Cards's siteMore info

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She 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 award flybuys points. You can redeem 2,000 flybuys points for $10 off at partnered stores including Coles and Kmart.

You could also get extra savings through this card’s 0% introductory rate on balance transfers for the first 18 months. Keep the 1.5% balance transfer fee and the $99 annual fee in mind, however. The 0% international transaction fee on purchases can also help you save when you travel or shop online with an international retailer.

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.
Go to Coles's siteMore info

Card benefits

  • Balance transfer offer. Apply by 31 August 2020 and 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. You will earn 2 flybuys points per $1 spent on eligible purchases. You'll 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.

Rates & fees

  • Annual fee. This card charges a $99 annual fee.
  • Interest rates. The interest rate for both purchases and cash advance transaction is 19.99% p.a.
Go to Coles's siteMore info

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267 Comments

  1. Default Gravatar
    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?

    Reply
    • Avatarfinder 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

      Reply
  2. Default Gravatar
    Manisha
    October 18, 2018

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

    Reply
    • Avatarfinder 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

      Reply
  3. Default Gravatar
    Peter
    October 1, 2018

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

    Reply
    • Avatarfinder 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

      Reply
  4. Default Gravatar
    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 ?

    Reply
    • Avatarfinder 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

      Reply
  5. Default Gravatar
    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

    Reply
    • Avatarfinder 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

      Reply
  6. Default Gravatar
    Roy
    May 2, 2018

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

    Reply
    • Avatarfinder 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

      Reply
  7. Default Gravatar
    Sandra
    April 6, 2018

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

    Reply
    • Avatarfinder 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

      Reply
  8. Default Gravatar
    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

    Reply
    • Default Gravatar
      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

      Reply
  9. Default Gravatar
    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

    Reply
    • Avatarfinder 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

      Reply
  10. Default Gravatar
    Leanne
    April 19, 2017

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

    Reply
    • Avatarfinder 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

      Reply
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