Coles Rewards Mastercard

Get 20,000 bonus Flybuys points and a $0 annual fee for the first year with a new Coles Rewards Mastercard.

Apply for this card by 30 June 2021 and you’ll earn 20,000 bonus points when you spend $500 in the first 60 days. This offer also comes with a $0 first-year annual fee (reverts to $99). Plus, a 0% interest rate for the first 18 months on balance transfers, with a one-time 1.5% balance transfer fee.

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0% p.a.

Balance transfer rate

for 18 months with 1.5% balance transfer fee


Bonus points

19.99% p.a.

Purchase rate


Reward points

Per $ spent

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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 rate19.99% p.a.
Annual fee$0 annual fee for the first year ($99 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate19.99% p.a.
Min credit limit$2,000
Card typeMastercard
Foreign currency conversion fee0%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo


  • $0 annual fee for the first year
  • 20,000 bonus Flybuys points
  • 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


  • Charges a one-time 1.5% balance transfer fee
  • The standard annual fee of $99 is relatively high
Rewards programFlybuys
Bonus points20,000
Rewards points per $ spent2
Rewards points capUncapped
Annual fee$0 annual fee for the first year ($99 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee0%
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

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

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. That means the 20,000 bonus points could get you $100 off your shop at Flybuys partners – or 10,000 Velocity Points if you’re chasing frequent flyer rewards.

The current introductory offer also saves you $99 on the annual fee for the first 12 months. If you’re paying off another credit card now, you could also save with the 18-month 0% introductory rate on balance transfers. But keep the 1.5% balance transfer fee in mind, as well as the annual fee that applies after the first year.

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.

Card benefits

  • Bonus points. If you’re a new customer, you will receive 20,000 bonus points when you apply and get approved by 30 June 2021, then spend at least $500 on eligible purchases in the first 60 days.
  • 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 30 June 2021.

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.

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    Default Gravatar
    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?

      Avatarfinder Customer Care
      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,

    Default Gravatar
    October 18, 2018

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

      Avatarfinder Customer Care
      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.


    Default Gravatar
    October 1, 2018

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

      Avatarfinder Customer Care
      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.


    Default Gravatar
    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 ?

      Avatarfinder Customer Care
      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.


    Default Gravatar
    May 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?


      Avatarfinder Customer Care
      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!


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