Coles Rewards Mastercard

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Earn flybuys points and pay no international transaction fees on purchases with the Coles Rewards Mastercard.

Earn flybuys points faster 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 offers no foreign transaction fees for overseas and online purchases, which makes it a worthy companion to help save on fees when travelling.

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.
Cash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)19.99% p.a.
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 55 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.
Card TypeMastercard
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
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$99 p.a.
Minimum Monthly Repayment100% (if <$30) or varies (if >$30)
Late Payment Fee$10
Cash Advance Fee$1.95 (if <$65.00) or 3% (if >$65.00)
Overseas Cash Advance Fee$5
Foreign Currency Conversion Fee
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$10


  • Earn 2 flybuys points for every $1 spent.
  • You can enjoy an interest-free period of up to 55 days on purchases.
  • This card allows you to have an additional cardholder at no extra charge.


  • The $99 annual fee is relatively high for a standard credit card.
Rewards Programflybuys
Rewards Points per $ spent (VISA/MC)2
Rewards Points per $ (VISA/MC) CapUncapped

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:

  • 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.
  • No international transaction fees. 0% on purchases (2.5% fee for cash withdrawals) .
  • Up to 55 interest-free days. Coles Rewards Mastercard offers up to 55 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.
  • Card security. Mastercard’s zero liability policy works in providing that added peace of mind with a 100% guarantee.

Features of the Coles Rewards Mastercard

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

  • Annual fee. The Coles Rewards Mastercard $99 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.
  • Coles Mobile Wallet App. This free app for Android and iPhone allows you to manage your account and flybuys points 24/7.

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.
  • 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 p.a. 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 55 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

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259 Responses

  1. Default Gravatar
    robertMay 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?


    • finder Customer Care
      JeniMay 28, 2018Staff

      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!


  2. Default Gravatar
    RoyMay 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
      JhezelynMay 2, 2018Staff

      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.


  3. Default Gravatar
    SandraApril 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
      JhezelynApril 6, 2018Staff

      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.


  4. 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

    • Default Gravatar
      DanielleJuly 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.


  5. 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?


    • finder Customer Care
      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.


  6. Default Gravatar
    LeanneApril 19, 2017

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

    • finder Customer Care
      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.


  7. Default Gravatar
    TimJuly 15, 2016

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

    • finder Customer Care
      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.


  8. 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?

    • finder Customer Care
      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.


  9. 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?

    • finder Customer Care
      LouMay 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.


  10. Default Gravatar
    AndrewApril 22, 2016

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

    • finder Customer Care
      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.


Credit Cards Comparison

Rates last updated August 18th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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