Coles Rewards Mastercard
Apply by 31 July 2022

Coles Rewards Mastercard

Highlights

  • Enjoy 40,000 Flybuys bonus points when you spend $3,000 or more on eligible purchases within 90 days of approval.
  • Enjoy 0% p.a. on purchases for 12 months. Reverts to the variable interest rate on purchases of 19.99% p.a.
  • Collect 2 points per $1 on eligible spend – that’s on top of the usual Flybuys Points from other partners.

Pros and cons

Pros

  • Earn 40,000 Flybuys bonus points when you meet the spend criteria.
  • Enjoy 0% p.a. on purchases for 12 months. Reverts to the variable interest rate on purchases of 19.99% p.a.
  • 12 months at 0% p.a. for balance transfers.
  • Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partners.
  • Access to the Coles concierge service.

Cons

  • The annual fee of $99 p.a.
  • No international travel insurance.

Overview

The basics

  • Additional cardholders. Add up to 4 additional cardholders for friends and family at no extra cost.
  • Digital wallets. The Coles Rewards Mastercard works with Apple Pay and Samsung Pay but does not natively support Google Pay.
  • Gambling transactions. Coles do not allow their cards to be used for transactions related to gambling.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with complimentary international travel insurance.
  • Concierge services. The Coles Rewards Mastercard comes with access to a 24 / 7 concierge service. Cardholders can use the concierge to book tickets, get help with travel arrangements, compare prices, and more.
  • Insurances. Eliigible purchases bought using this card are covered with a complimentary insurance policy against loss, theft, and accidental damage.
  • Rewards points. Earn 2 Flybuys Points everywhere Mastercard is accepted up to and including $3,000 in each statement period. The earn rate drops to 1 Flybuys Point per $1 thereafter. Earn up to 3 Flybuys Points for every $1 spent on all Coles shopping. Balance transfers, BPAY payments, cash advances, fees, and purchases of foreign currency or travellers cheques will not earn points. Government related transactions, including payments to the ATO, do not earn rewards points.
  • Sign up bonus. Get 40,000 points when you spend at least $3,000 on the card within 90 days of approval.

Rates and fees

  • Annual fee. The annual fee for this card is $99 p.a.
  • Balance transfers. The current balance transfer offer for the Coles Rewards Mastercard is 0% p.a. for 12 months, applicable on balance transfers completed within 90 days of card approval. Any balance remaining after the introductory period ends will revert to the cash advance rate.
  • Cash advances. The Coles Rewards Mastercard charges 19.99% p.a. on cash advances with a $1.95 fee per transaction amount under $65.00, and 3.00% of the transaction amount for any transaction equal to or over $65.00. International cash advances will be charged a $5 fee.
  • Foreign exchange fee. Foreign exchange fees do not apply on retail purchases. However, cash advances in a foreign currency or made outside of Australia will incur a 2.5% fee.
  • Interest-free period. Pay the balance due on your Coles Rewards Mastercard account each month by the due date and you'll have 55 days interest-free on eligible purchases. As usual, the interest-free period doesn't apply to cash advances or balance transfers.
  • Purchases. The introductory purchase rate for the Coles Rewards Mastercard is 12 months at 0% p.a., which reverts to the ongoing purchase rate of 19.99% p.a. thereafter