Coles Rewards Mastercard

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Receive 20,000 bonus flybuys points, pay no international transaction fees on purchases, and earn 2 points per dollar spent.

If you apply using the promotion code 'choice1', are approved by 30 September 2017 and make an eligible purchase within the first 30 days from card approval, you’ll receive 20,000 bonus flybuys points. You’ll earn flybuys points quicker with 2 points for every $1 you spend on the Coles Rewards Mastercard. This is in addition to flybuys points that are earned with flybuys partners. The Coles Rewards Mastercard also features a low annual fee of $99 and now offers no foreign transaction fees for overseas and online purchases, which makes it a worthy companion to help save on fees when travelling overseas.

Product NameColes Rewards Mastercard
Rewards Programflybuys
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.99% p.a.)
Balance Transfer Limit100% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 September 2017
Annual fee$99 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 62 days on purchases
Cash advance rate (p.a.)19.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Minimum Monthly Repayment2.222% or $10 (whichever is greater)
Minimum Income$25,000
Card TypeMastercard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual Fee$99 p.a.
Minimum Repayment2.222% or $10 (whichever is greater)
Late Payment Fee$20
Cash Advance Fee3% of the cash advance/cash equivalent transaction or $1.95, whichever is greater
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes


  • New cardholders who apply using the promotion code 'choice1', are approved by 30 September 2017 and make an eligible purchase within the first 30 days from card approval will receive 20,000 bonus flybuys points.
  • You can enjoy an interest-free period of 62 days on purchases.
  • This card allows you to have an additional cardholder at no extra charge.
  • Protected by the Coles Shield against credit card fraud and theft.


  • $20 charge applies for late payment.
Rewards Programflybuys
Bonus Points on Sign-up20,000
Rewards Points per $ (VISA/MC)2
Rewards Points per $ (VISA/MC) CapUncapped
Points ExpiryNever

Coles Rewards Mastercard review

The Coles Rewards Mastercard is an ideal choice if you shop at a Coles Supermarket or at any flybuys partners. The ability to accumulate 2 flybuys points for every $1 spent can offset the $99 annual fee if the card is used regularly. Points add up quickly and you can receive $10 off a Coles Supermarket purchase when you redeem 2,000 points. The card, with no foreign transaction fees on purchases, could also be of value to regular globetrotters! The Coles Mastercard offers up to 62 days interest-free on purchases as long as the balances are paid off each month by the due date.

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:

  • 20,000 bonus points on sign-up. New customers are eligible for the 20,000 bonus points offer if they apply using the promotion code 'choice1', are approved for a Coles Rewards Mastercard before 30 September 2017 and make an eligible purchase of any amount within 30 days of approval. The bonus points will be credited to the flybuys account linked to your credit card within 2 weeks of that first purchase.
  • No international transaction fees. When you shop with an international retailer or make purchases overseas you will not pay any foreign transaction fees.
  • 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.
  • Card security. Falcon fraud management system monitors account activity and keeps an eye out for suspicious transactions. Mastercard’s zero liability policy works in providing that added peace of mind.
  • Balance transfer offer. A 0% p.a. for 6 months balance transfer can be requested once your account is set up (your card must be linked to your online account). Balance transfer reverts to purchase rate after promotional period.
    Once your card is linked to your online account a request can either be made through the Coles Mastercard Customer Care team or by filling in a balance transfer request via the Balance Transfer PDF available on the Coles Mastercard website. The balance transfer promotional rate is subject to the current offer available at the time and can take up to 15 working days to be processed.

Features of the Coles Rewards Mastercard

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

  • Annual fee is $99. The Coles Rewards Mastercard annual fee is charged on the date of your first purchase and on every year afterwards.
  • Mastercard PayPass. Tap and go at the checkout to make contactless payments for purchases under $100. For purchase amounts over $100, you’ll need to key in your PIN number.
  • Free Delivery on Coles online. This applies to any single purchase from Coles online when you spend $100 or more with your Coles Rewards Mastercard.
  • Up to 62 interest-free days. Coles Rewards Mastercard offers up to 62 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.
  • Online account management and Coles Mobile Wallet. You can manage your account, and pay bills through the mobile app or online. This creates an easy way to manage your finances, check balances and view all your account information securely.

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.
  • Be a permanent Australian resident or you must have the right to work in Australia.
  • 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 can benefit by getting the Coles Rewards Mastercard, but you should establish at the onset if you’ll make more through rewards than the $99 you end up paying in annual fees. Being able to redeem your flybuys points when you shop at Coles is a definite plus, as is the fact that you can get free delivery through Coles online. What also helps is that you can get up to 62 interest free-days on purchases. Bear in mind that this is not the only Coles or rewards credit card, so compare your options before you apply.

Frequently asked questions

When you shop through Coles’ major retail partners, your flybuys points should get to your account within a day or two. In other instances, the process can take around a week.
You can also redeem your points for flybuys Dollars at Coles Express, Target, Kmart, Kmart Tyre & Auto Service, Liquorland, and First Choice Liquor. Otherwise, you’ll have to log into your account using the flybuys website, and you then get to choose from an array of merchandise.
Yes, you can get an additional card for anyone over 16 years of age, and you remain liable for all purchases made using this card.
Yes, international cash advances attract a fee.
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253 Responses

  1. 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

    • Staff
      DanielleJuly 13, 2017Staff

      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.


  2. 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?


    • Staff
      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.


  3. Default Gravatar
    LeanneApril 19, 2017

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

    • Staff
      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.


  4. Default Gravatar
    TimJuly 15, 2016

    Can this be used for fights using jetstar or Qantas flights overseas

    • Staff
      MayJuly 19, 2016Staff

      Hi Tim,

      Thanks for your inquiry.

      So long that Jetstar or Qantas accepts your card as a form of payment, then you can use your Coles MasterCard for your ticket purchases with these airlines.


  5. Default Gravatar
    AdamJune 3, 2016

    I have this card and it has a “International Transaction Fee: 2.5% on all purchases and cash. Refer to Financial Table.”. That sounds like an international transaction fee yet your comparison does not show this?

    • Staff
      YsaJune 6, 2016Staff

      Hi Adam,

      Thanks for your question.

      As mentioned above, there is no international transaction fees on purchases when you shop online or when you’re overseas. While the 2.5% only applies on cash withdrawals outside of Australia or in a foreign currency.

      I hope this helps. Please let me know if I can assist you further.


  6. Default Gravatar
    DebMay 10, 2016

    1) Is there a fee for an additional card?
    2) Which bank is this credit card organised through?
    3) Do you have security that detects unusual activity on you card
    and notifies us immediately?

    • Staff
      AnndyMay 10, 2016Staff

      Hi Deb,

      Thanks for your questions. Please note that is a financial comparison and information service and not Coles.

      Here are my answers:

      1. Coles Rewards MasterCard does not charge for yearly additional cardholder fee.
      2. It is among the credit cards offered by Latitude Financial Services
      3. Your credit card has three layers of defence against fraud and theft as discussed on the page I’ve sent to your email.

      I hope this helps.


  7. Default Gravatar
    AndrewApril 22, 2016

    Will there be free travel insurance coverage when i purchase air ticket using Coles Platinum Credit Card?

    • Staff
      YsaApril 23, 2016Staff

      Hi Andrew,

      Thanks for your question.

      Unfortunately, the Coles Rewards MasterCard does not offer complimentary travel insurance.

      You may wish to compare other credit cards with free travel insurance here.

      I hope this helps.


  8. Default Gravatar
    LaurenApril 13, 2016

    Just wondering why this says there are no foreign transaction fees on this card since I have this card and it charges 2.5% plus a $4 fee for at the moment withdrawal or $5 over the counter fee. And that’s not including cash advance fees either.

    • Staff
      MayApril 13, 2016Staff

      Hi Lauren,

      Thanks for getting in touch.

      Yes, Coles Rewards MasterCard charges $2.50 and $4 on overseas cash advance and overseas ATM withdrawal fees, respectively. This is actually outlined in the “fees and repayments” section of the table above.

      As for the foreign transaction fees, when making purchases overseas and on international sites, merchants usually charge you with international transaction fees for every transaction. But with this card, you can save on costs by paying no international transaction fees on purchases you make.

      Hope this answers your question.


  9. Default Gravatar
    February 27, 2016

    If my parent has a coles rewards master card, how can they transfer the points to me? would i need the same card as well?


    • Staff
      JonathanFebruary 29, 2016Staff

      Hi Ness, thanks for your inquiry!

      Unfortunately flybuys points are unable to be transferred to another cardholder.



  10. Default Gravatar
    DavidFebruary 19, 2016

    How do Coles fly buy points link to Qantas frequent Flyer points?

    • Staff
      AllyFebruary 19, 2016Staff

      Hi David,

      Thanks for reaching out.

      Unfortunately, the Coles flybuys program does not have a partnership with Qantas at the moment.
      For a list of Qantas Frequent Flyer cards, kindly refer to this page.

      I hope this has helped.


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Rates last updated September 19th, 2017
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13.24% p.a.
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Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
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$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
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12.74% p.a.
0% p.a. for 20 months
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Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

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