Coles credit cards vs Woolworths credit cards

Which supermarket credit card is right for you?

Both Coles and Woolworths offer credit cards that you can use at the supermarket and anywhere else that takes plastic. Depending on the card you choose, you could get extra perks with Coles, Woolworths or their respective partners. You can also earn reward or frequent flyer points for your spending, enjoy platinum perks or save with a competitive interest rate or annual fee.

As well as these perks, each card can include your Coles flybuys or Woolworths Rewards membership barcode on the back, which could help you cut down the number of cards in your wallet. So if you're trying to decide between these two supermarket brands, here you'll find details for both Coles and Woolworths credit cards to help you find an option that's right for you.

Coles credit cards

coles logo

Coles offers three credit card options: the Coles Rewards Mastercard, Coles No Annual Fee Mastercard and the Coles Low Rate Mastercard. There are also platinum versions of these cards, which Coles offers when you apply and are approved for a credit limit of $6,000 or more.

In addition to these features, Coles credit cards also earn flybuys points per $1 spent, which you can convert to Velocity Frequent Flyer Points, use to get money off your supermarket shop or redeem for a wide range of other rewards available through this loyalty program. You can also earn more flybuys points by getting a Coles No Annual Fee or Rewards Mastercard and one or more Coles insurance policies. For example, if you had a Coles Rewards Mastercard, comprehensive car insurance and home insurance, a $100 shop at Coles would earn you 500 points. In comparison, paying with a Coles Rewards Mastercard and scanning your flybuys barcode would earn you 300 points.

Comparison of Coles Credit Cards

Rates last updated August 25th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Coles No Annual Fee Mastercard
19.99% p.a.
0% p.a. for 6 months
$0 p.a.
Enjoy 0% p.a. interest on balance transfers for the first 6 months and earn flybuys points for your spending for an ongoing $0 annual fee.
Coles Rewards Mastercard
19.99% p.a.
0% p.a. for 6 months
$99 p.a.
Save with 0% p.a. interest on balance transfers for the first 6 months and earn 2 flybuys points per $1 spent.
Coles Low Rate Mastercard
12.99% p.a.
0% p.a. for 6 months
$58 p.a.
Offers 0% p.a. interest on balance transfers for the first 6 months. Plus, earn flybuys points at Coles Supermarkets.

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Woolworths credit cards

woolworths logo

Woolworths has two platinum reward credit cards to choose from. The Woolworths Everyday Platinum earns between 1 and 3 points per $1, with 4,000 points equalling a $20 Woolworths Shopping Card. The Woolworths Qantas Platinum card earns 1 Qantas Frequent Flyer Point per $1 spent at Woolworths and Woolworths Group stores and 0.5 points per $1 spent on all other eligible purchases.

Like Coles, Woolworths credit cards can also double as your Woolworths Rewards card, so you can scan the barcode on the back to earn Woolworths Rewards points or Qantas Points for your shopping at Woolworths partners, including BWS. Woolworths credit cards also offer up to $50 off your grocery shop at Woolies once a month, as well as exclusive offers on Woolworths Insurance or selected Cellarmasters wine purchases.

Comparison of Woolworths Credit Cards

Rates last updated August 25th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a 0% p.a. interest rate for 14 months on balance transfers and a $0 first year annual fee.
Woolworths Qantas Platinum Credit Card
20.49% p.a.
0% p.a. for 14 months
$99 p.a. annual fee for the first year ($169 p.a. thereafter)
Enjoy a 0% p.a. balance transfer offer for 14 months and a discounted $99 first year annual fee. Plus, complimentary overseas travel insurance.

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Features to consider when comparing Coles and Woolworths credit cards

aged mother and daughter in kitchenThe value of a Coles or Woolworths credit cards really depends on your individual circumstances. So looking at the following factors based on what you want from a credit card will help you decide which one is right for you.

  • Standard purchase rates. In general, Coles and Woolworths credit cards offer interest rates that are similar to most reward options. The exception is the Coles Low Rate credit card, which has an interest rate of 12.99% p.a. for purchases. If you think you may carry a balance on your credit card, it’s important to compare standard purchase rates to find one that’s affordable for you.
  • Cash advance rates. Both Woolworths credit cards have standard variable cash advance rates of 20.49% p.a. Coles credit cards, on the other hand, have a standard variable cash advance rate of 19.99% p.a. Note that cash advances attract interest from the time you make them, which means costs can quickly add up.
  • Annual fees. When comparing Coles and Woolworths credit cards, note that the Coles No Annual Fee and Platinum No Annual Fee cards are the only options that don’t charge an ongoing annual fee. Ideally, the value of the card you choose should outweigh the cost of the credit card, so make sure you weigh the perks of these cards against their annual fees.
  • Rewards. Coles credit cards are linked to the flybuys rewards program and earn points per $1 spent. Woolworths credit cards offer either Woolworths Shopping Cards or Qantas Points per $1 spent and can also double as a Woolworths Rewards membership card. If you're already a member of one of these programs, then that could factor into your comparison.
  • Point expiry. Coles flybuys points don't expire as long as you earn or redeem them at least once every 12 months. Woolworths Rewards points do not expire, as long as you scan your Woolworths Rewards card in store or use it online at least once every 18 months. The Woolworths Everyday Platinum credit card reward points don't expire as long as your account remains open. Qantas Points – which you earn with the Woolworths Qantas Platinum or by transferring Woolworths Rewards points – only expire if you don’t earn or use them at least once every 18 months.
  • Balance transfers. If you have existing credit card debt, you may be able to get an introductory balance transfer offer on either a Coles or Woolworths credit card when you apply as a new customer. At the end of the introductory period, any remaining balance transfer debt will revert to the card's cash advance interest rate.
  • Currency conversion fee. The classic and platinum Coles Rewards credit cards don’t charge a foreign transaction fee for purchases. All other Coles credit cards apply a fee worth 2.5% of the transaction value. In contrast, Woolworths credit cards apply a fee of 3% of the transaction value.
  • Interest-free days. Coles credit cards offer up to 55 days interest-free on purchases and Woolworths credit cards offer up to 55 days interest-free when you pay your balance in full by the statement due date. Note that you won't be eligible for interest-free days if you have a balance transfer.
  • Platinum benefits. Coles platinum credit cards offer a personal concierge service. Both Woolworths platinum cards offer a concierge service and complimentary insurance options, including travel insurance on the Woolworths Qantas Platinum card.

It’s clear from the information above that both Coles and Woolworths credit cards offer different features, benefits and potential drawbacks. The weight you place on these features, and the value offered by each card, really depends on your current spending habits, store preferences, circumstances and goals. So looking at these cards side-by-side should help you get a clear picture of which one offers the most benefits for you.

Frequently asked questions

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6 Responses

  1. Default Gravatar
    MoanaJune 22, 2017

    What happens if you have one of these credit cards but you have credit on the card because you put your own money in it regularly and only use the credited amount or under in the account?

    • Default Gravatar
      JonathanJune 22, 2017

      Hi Moana!

      Interesting question you have there! :).

      Card issuers don’t really make a big deal about you overpaying it. Their system will just let you “use” the exceeded amount then once you’ve brought it down (buy making more purchases or cash advances) to your approved limit, then that’s the time you start “borrowing” money from your credit line.

      You can talk to your bank in reference to this as some may have a different policy (such as sending you a cheque for the overpayment if it stays long enough on the card).

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    SharonAugust 16, 2016

    I am a valid visa holder working full time with annual income of around $50k can I apply for a credit card in coles and woolies? I am new here in australia

    • Avatarfinder Customer Care
      MayAugust 16, 2016Staff

      Hi Sharon,

      Thanks for your inquiry.

      Please note that for Woolworths credit cards, only Australian applicants are eligible to apply, whilst for Coles, you have to be a permanent Australian resident or you must have permission to stay in Australia for at least 12 months.

      You may like to check this page to find out which banks that may accept credit card applications from temporary residents.

      Just keep in mind though the application for multiple cards may have a negative impact on your credit file, so it’s best that you have to apply for one card at a time and make sure that you get approved by knowing the eligibility criteria and requirements. When choosing a credit card, it’s important to consider the purpose of the credit card and to factor in how you will use it and how these suit your financial circumstance.

      I hope this is helpful.

      Cheers,
      May

  3. Default Gravatar
    ColinJune 24, 2014

    Being a pensioner, why can’t I get a coles or woolworths credit card. Isn’t that discrimination

    • Avatarfinder Customer Care
      ShirleyJune 27, 2014Staff

      Hi Colin,

      Thanks for your question.

      Credit card issuers generally look at your income and determine whether or not you can service the debt. There are also minimum income requirements set out to determine whether you’re eligible.

      Having a supplementary income may also help with your application.

      Cheers,
      Shirley

Credit Cards Comparison

Rates last updated August 25th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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