The Coles Rewards Mastercard offers 50,000 bonus points when you apply by 03 March 2025 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.
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
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50,000 bonus Flybuys points
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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
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Doesn't offer complimentary travel insurance, unlike some other rewards cards
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Charges a 3% foreign transaction fee
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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. | 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 | Annual fee $99 |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 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.
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Amy Finder
Editor
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Richard Whitten Finder
November 19, 2024
Hi Ash,
From what I can tell from a quick look on a few forums, you can link a Coles Mastercard to Frollo. But I can’t confirm it on Frollo’s site.
Marilyn
November 19, 2024
What is classified as eligible purchases
E.g refrigerator, groceries, concert tickets
Car repairs, clothing, holidays
Sarah Megginson Finder
November 19, 2024
Hi Marilyn,
All of the purchases you’ve described are eligible purchases, it covers all types of everyday spending. Purchases that are considered ineligible include gambling, cash advances, refunds, fees and charges, interest and payments to the ATO.
Hope this helps!
TJ
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!
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.
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Ash
November 19, 2024
Does Cole’s Mastercard link with budgeting apps like Frollo?