In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
Coles Rewards Mastercard
Terms and conditions apply
Balance transfer rate with no balance transfer fee
19.99% p.a.
Bonus points
Purchase rate
19.99% p.a.
Reward points per $ spent

Our verdict

Offers 50,000 bonus Flybuys points and earns points per $1 on eligible purchases you make anywhere, with a $99 annual fee.

The Coles Rewards Mastercard offers one of the highest earn rates among cards that are linked to the Flybuys program, earning up to 2 points per $1 on eligible spending. As an example of rewards, you can redeem 2,000 Flybuys points for $10 off at partnered stores or 1,000 Velocity Points if you're chasing frequent flyer rewards. That means the 50,000 bonus Flybuys points could get you $250 Flybuys Dollars to save on shopping at Coles, Kmart, Target and other partners or 25,000 Velocity Points.


  • 50,000 bonus Flybuys points
  • 2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period (then 1 point per $1)
  • 0% international transaction fees on purchases


  • Doesn't offer complimentary travel insurance, unlike some other rewards cards

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Coles Rewards Mastercard offers 50,000 bonus points when you apply by 30 June 2024 and spend $3,000 in the first 3 months. It also earns 2 Flybuys points per $1 on eligible purchases up to $3,000 in a statement period, which drops to 1 point per $1 for the rest of that period. If you’re approved for a platinum card, you’ll also get access to complimentary insurance cover for eligible purchases. But you can’t apply for a platinum card separately, so you won’t know if you’re eligible for one unless you’re approved.


Product details

Product Name Coles Rewards Mastercard
Balance transfer rate p.a. 19.99%
Balance transfer limit 80% of available limit
Purchase rate p.a.
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 19.99%
Min credit limit $1,000
Card type Mastercard


Available to temporary residents No
Joint application No


Rewards program Flybuys
Bonus points 50,000
Rewards points per $ spent 2
Rewards points cap Uncapped


Annual fee
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee
Cash advance fee 3% 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 cardholders 4

Congratulations, Coles!

Coles Rewards Mastercard received the highly commended award for 'Rewards Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

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

  • New cardholder. The bonus Flybuys points offer is only available to new customers.
  • 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.

Card benefits

  • 50,000 bonus Flybuys points. If you're a new customer, you can get 50,000 bonus Flybuys points when you apply by 30 June 2024 and spend $3,000 on eligible purchases in the first 3 months from card approval. These points will be credited to your account within 4 weeks of meeting the spend criteria. You also need to include your Flybuys membership details on the application to be eligible for this offer.
  • Rewards program. You'll earn 2 Flybuys points per $1 spent on eligible purchases up to $3,000 per statement period, then 1 point per $1 for the rest of that statement period. This is a competitive earn rate compared to other rewards cards with similar annual fees. You'll also get 1 additional point per $1 when you scan your Flybuys barcode at partner stores including Coles, Kmart, Target and Liquorland. Eligible purchases include most everyday spending, such as groceries, petrol and dining. Transactions that don't earn points include cash advances, balance transfers and account fees. See Finder's Flybuys guide for details on rewards and other features of the program.

Rates & fees

  • Annual fee. This card charges a $99 annual fee, which is competitive for a rewards card.
  • Interest rates. The interest rate for purchases, balance transfers and cash advance transactions is 19.99% p.a.

Your reviews

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June 15, 2024

Can I get free access to Melbourne airport lounges (and if so, which ones?) with a Coles MasterCard?


Sarah Megginson Finder

June 17, 2024

Hi Tj,

This card doesn’t come with any lounge pass benefits. You may want to look at some of the reward card options for these perks.

Hope this helps!



May 19, 2024

If I have a Coles Reward Mastercard and use it at an eligible store scanning my Flybuys card, do I get 1 point/per $ for scanning the Flybuys card and also 2 points/per $ for using the Coles Reward Mastercard? Thatis 3 points in total.


Sarah Megginson Finder

May 20, 2024

Yes that’s correct, you’ll earn points twice.



May 01, 2024

My card runs out in July, will I be automatically be sent a new card


Sarah Megginson Finder

May 01, 2024

Hi Lauren,

Yes your card issuer will send you a new card about 4-6 weeks before your current card expires.



April 22, 2024

I’m a aged pensioner plus fund drawdown each month as necessary am I eligible to get a Cole credit card have other credit cards with I will close if accepted thanks


Sarah Megginson Finder

April 23, 2024

Hi David,

There’s a few different things that banks consider when reviewing your application. Your best bet is to contact Coles directly and explain your situation to see if you’re likely to be approved, based on the specifics of your income and expenses.

Best of luck!

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February 13, 2024

Hi does the card give you insurance on purchases or international travel insurance


Sarah Megginson Finder

February 15, 2024

Hi Alma, this card doesn’t offer complimentary travel insurance, unlike some other rewards cards.

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