The Coles Rewards Mastercard offers 50,000 bonus points when you apply by 31 July 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 spent up to $8,000 per statement 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.
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
- 20.74% p.a.
- Bonus points
- 50,000
- Purchase rate
- 20.74% p.a.
- Reward points per $ spent
- 2
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.
Pros
-
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 spent up to $8,000 per statement period)
Cons
-
Doesn't offer complimentary travel insurance, unlike some other rewards cards
-
Charges a 3% foreign transaction fee
-
Standard interest rates are relatively high
Details
Product details
| Product Name | Coles Rewards Mastercard |
| Balance transfer rate p.a. | 20.74% |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | 20.74% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 20.74% |
| Min credit limit | $1,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Rewards program | Flybuys |
| Bonus points | 50,000 |
| Rewards points per $ spent | 2 |
| Rewards points cap | 11,000 |
Fees
| Annual fee | $99 |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 3% |
| 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 winnersHow 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.
Your reviews
Not enough reviews
Write a review
Amy Finder
Editor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
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!
John
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.
Lauren
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.
David
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!
Show more Show less
Alma
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.
More resources on Finder
Card types
Cards from
TJ
June 15, 2024
Can I get free access to Melbourne airport lounges (and if so, which ones?) with a Coles MasterCard?