Turn your purchases into rewards with a credit card that directly earns flybuys points.
If you have ever shopped at Coles or filled up your car with fuel at a Coles Shell Express station before, you’ve probably also heard of the flybuys loyalty program. This Coles rewards program is easily one of Australia’s largest and most popular loyalty programs with its hybrid supermarket-slash-frequent flyer rewards program and extensive network of partners across almost every industry. The flybuys program regularly offers cross-promotions with its partners, introduces new ways to earn reward and bonus points and increases the ways you can redeem them. Best of all, it’s free to sign up. Plus, you can earn flybuys points beyond Coles and its partners if you sign up for a credit card that’s linked with the flybuys program.
If you already have a flybuys account or are considering signing up, this guide will teach you how you can earn more flybuys points with a credit card and discuss the pros and cons of using a flybuys credit card.
How can I earn flybuys on my credit card?
Currently, Coles and NAB are the only credit card issuers that offer products that let you directly earn flybuys points on your eligible everyday purchases. When you get one of these credit cards, your credit card account is linked to your flybuys account and flybuys points are directly credited for eligible transactions charged to the card. The number of flybuys points you earn per $1 spent, or your earn rate, ranges from 1 point per $2 spent on the Coles No Annual Fee Mastercard to 2 points per $1 spent on the Coles Platinum Rewards Mastercard or Coles Rewards Mastercard. The more common and median earn rate is 1 flybuys point per $1 spent.
However, you can also earn extra (or double) flybuys points by tapping your flybuys membership card at the checkout at the same time. With your flybuys membership card, you earn 1 point per $1 spent, which means that if you use a Coles Platinum Rewards Mastercard and tap your flybuys card when making a purchase, you will earn 2 flybuys points per $1 spent.
The requirements pertaining to card membership, additional cardholders and eligible transactions differ with each credit card and card provider, so follow the individual credit card links to learn more about each card, its features and eligibility requirements.
How can I redeem my flybuys points earned with my credit card?
In the same way that you’d track and manage the flybuys points earned using a flybuys loyalty card, the flybuys points earned with your credit card can be accessed and redeemed online via the flybuys website. Simply sign in to your flybuys account, shop for your rewards and follow the prompts to finalise your redemption. You can redeem flybuys points for credit off your next shop, or for merchandise, entertainment tickets, flights and hotels, and even transfer them to partner frequent flyer programs like Etihad Guest and Velocity Frequent Flyer. Alternatively, you may request a redemption by calling the flybuys service centre at 13 11 16.
What are the pros and cons of using a flybuys credit card?
- Earn points as you spend. flybuys-linked credit card will reward your everyday credit card spending. Plus, if you’re shopping with a flybuys partner, you can earn double the flybuys points by tapping your flybuys loyalty card at the checkout as well as spending with your credit card.
- Instantly convert points to cash. With flybuys-linked Coles credit cards, you can instantly convert 2,000 flybuys points into $10 off your next shop at any Coles store.
- Free membership. Certain frequent flyer programs require that you pay a registration or annual fee, but the flybuys program doesn’t charge such a fee. Please note that your credit card may come with an annual fee, though.
- Get more than flights. You can redeem your flybuys points for more than flight rewards. You can also get gift cards, convert your points to cash, or choose from an array of merchandise.
- Convert points into frequent flyer points. If you’d prefer, you can also transfer your flybuys points to an Etihad Guest Miles or Virgin Velocity frequent flyer account.
- Enjoy bundled discounts. With attractive incentives to spend within the large network of flybuys partners, you can save money or earn multiple flybuys points by taking up exclusive partner promotions.
- Few linked credit cards. Not many cards are directly linked to the flybuys program, which limits your choices to a few card providers.
- Higher annual fee for faster earn rate. The Coles Rewards Mastercard charges an $89 p.a. annual fee to earn 2 points for every $1 spent, compared to the Coles No Annual Fee Mastercard which lets you earn 1 points per $2 spent.
- Limited travel benefits. You may be disappointed if you’re looking for benefits like priority check-ins, travel insurance cover and lounge access. Unlike traditional frequent flyer programs, flybuys doesn’t directly offer these.
- Restrictions. flybuys customers are limited to earning points only with partner merchants, so you’ll want to make sure that their network of partner stores caters for your existing spending habits
- Expiry. flybuys points and dollars will expire if you fail to earn or redeem points for 12 consecutive months.
In general, the flybuys program offers a competitive way to be rewarded for your daily expenses. Using a flybuys credit card on top of that can double or triple your earn rate to maximise your rewards. However, make sure that you compare your options and ensure that the costs of the card don’t outweigh the flybuys perks before you apply.