Supermarket Credit Cards

Some of Australia's largest retailers offer their own credit cards, many with great benefits.

Supermarkets have been offering credit cards for years. They work in the same way a regular credit card, with one fundamental difference — they aim to reward shoppers with more specific rewards, such as discounts at the checkout.

For examples, look no further than Australia's two largest supermarket giants: Coles and Woolworths. Their credit cards provide better rewards point earning rates if you shop with them or with one of their partner stores, which include petrol stations and large brand-name retailers.

What are the benefits of supermarket credit cards?

Retailers are trying to find new ways to promote customer loyalty and increase sales. No longer only providing store cards, supermarkets are partnering with banks to provide convenience as well as brand recognition to customers. When a credit card is combined with a supermarket rewards program, you get a versatile tool that's able to be used in many locations, and one that'll make your weekly shopping that bit easier.

What are the types of supermarket credit cards in the market?

There are a number of different types of supermarket credit cards available. As you can see in the table above these are comprised of cards which work in slightly different ways:

  • The card might earn points which are automatically redeemed for a cashback or discount on your shopping bill at the supermarket linked to the card
  • The card might earn points which can be redeemed for rewards in its own program, like Coles flybuys or American Express Membership Rewards
  • The card might directly earn airline points, such as Qantas Points, or allow you to link it to your existing airline loyalty program membership

Supermarket Credit Card Comparison

Rates last updated December 11th, 2016.

American Express Platinum Edge Credit Card

Standard 10,000 bonus points offer + 0% for 12 months BT offer + $200 Travel Credit

November 1st, 2016

Coles Low Rate MasterCard

Purchase rate has been updated from 9.99% p.a. to 12.99% p.a.

December 6th, 2016

View latest updates

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Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and get 0% p.a. for 12 months on balance transfers.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with flybuys points on your purchases.
12.99% p.a. 0% p.a. for 6 months $49 p.a. Go to site More info
David Jones American Express
The AMEX David Jones Credit Card gives you points for supermarket purchases. Earn 1.000 Points per $1 spent at all the major supermarkets.
20.74% p.a. $99 p.a. Go to site More info
David Jones American Express Platinum Card
Earn 40,000 Membership Rewards points when you spend outside of store 3 times in the first month and up to 3.00 reward points for every dollar you spend at supermarkets.
20.74% p.a. $295 p.a. Go to site More info

Card features for the major retailers

Two of Australia's major supermarket retailers, Woolworths and Coles, are already on the credit card bandwagon. They offer a number of features which are comparable or even exceed non-supermarket credit cards. Take a look at their features below:

Supermarket retailersFeatures
WoolworthsIn terms of interest rates, the Woolworths Money Everyday Platinum  credit card is currently offering a rate of 19.99% p.a. on purchases and 21.99% p.a. on cash advances. When you pay your balance in full, you'll have 55 days without interest. Woolworths charges a waived annual fee in the first year ($49 p.a. thereafter).
ColesThe Coles MasterCard offers a relatively high 62 interest-free days for those who wish to pay off the balance before accruing interest. You'll be charged an annual fee of $62, while your purchases will be charged interest at a rate of 19.99% p.a. The rate for cash advances is 19.99% p.a.

Supermarket credit card tips

  • A supermarket credit card earns rewards points in many of the same ways as a regular rewards card. This means most purchases and even some bill payments are valid transactions which will net you points.
  • You'll need to be a part of whatever rewards scheme applies to your card, whether that be flybuys, the Everyday Rewards scheme or whatever other program might be applicable. Sometimes these programs will make you a member automatically, but check to see whether you need to join separately and whether a joining fee will apply
  • You'll usually get points for making purchases at any store, provided the transaction is eligible (more on that below), but if you make a purchase at the supermarket or partners who provide your card you may earn bonus points. See what purchases will get you bonus points so you can choose where to spend and watch your points balance increase
  • One of the easiest ways of knowing how you'll earn points is to first work out what you don't earn points for. Most cards, including the Coles Rewards MasterCard and the Woolworths Money Everyday Platinum Credit Card, list some transactions as being ineligible transactions — meaning you won't earn points on them.
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American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
ME Bank frank Credit Card
ME Bank frank Credit Card

Interest rate

11.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

Credit Cards Comparison

Rates last updated December 11th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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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