Coles Rewards Mastercard | Reviews & Application

Coles Rewards Mastercard

What do you want this card for?
Save money
Earn points
Card features
foreign exchange fee
overseas ATM balance fee
overseas ATM withdrawal fee
Coles Rewards Mastercard
Apply by 31 aug 20
66 reviews
Coles Rewards Mastercard
0% p.a. on balance transfers for 18 months (reverts to Cash Advance rate).
Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partners.
Get $10 off your Coles Supermarket shop instantly at the checkout every time you redeem 2,000 flybuys points.
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Pros & cons

What's good?

What's not so good?

0% p.a. on balance transfers for 18 months (reverts to Cash Advance rate)a.
Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partnersa.
Get $10 off your Coles Supermarket shop instantly at the checkout every time you redeem 2,000 flybuys points.
No international transaction fees on purchases when you shop online or overseas.
Enjoy interest-free on your purchases up to 55 days.
Protected by the Coles Shield.
Now available with Apple Pay and Samsung Pay.
Late payment fee of $30 each time the Minimum Payment due and any Overdue Amount is not received by the Payment Due Date.
An international transaction fee applies to cash advances in a foreign currency or made overseas.

a Credit criteria, fees and charges, terms and conditions apply. Individuals must be 18+. New customers only who apply for a Coles Rewards Mastercard by 31 August 2020. Your total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate applies to balances transferred with this offer for a period of 18 months and a one-off Balance Transfer Fee of 1.5% of the Balance Transfer amount applies.

b flybuys points awarded for using a Coles Mastercard linked to your flybuys membership are in addition to flybuys points awarded by flybuys partners.

For full Terms and Conditions, please click the green Application button above.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 66 reviews91% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Lengthy application process

Reviewed and recommended by Kelly on 23 Aug 2017

There are good benefits to be had from the card but application process is time consuming and lengthy.

It’s been over a month of going back and forth and I still haven’t received the card yet.
Customer service is terrible, and every event is quoted as 7-14 days for processing. Like when I did my ID check, then it took a further 10 days and another follow up phone call for them to progress the next step.

The best reward is security

Reviewed and recommended by Gillian on 09 Jan 2017

While Coles MasterCard does not necessarily offer the best physical rewards program, it does offer the best security that I have ever seen in a credit card, which is the best reward anyone could ask for — an easy night’s sleep.

The customer service staff are kind and easy to speak to.

Ready to switch to a fee-free card

Reviewed and not recommended by Graeme on 12 Dec 2016

It has flybuys, and the only real reason I have had this card is I had it back when Coles gave you a discount on everything they owned through their shares. It’s not practical now, and if I found a free, trouble-free card I would likely switch. Also, you have to pay an annual fee on this card.

Rewards add up to more than the annual fee

Reviewed and recommended by Carol on 05 Dec 2016

I love my Coles MasterCard. We use it for everyday purchases as well as business purchases, and pay the balance every month by the due date so we don’t get charged interest. We earn usually a couple of hundred dollars a year in reward vouchers, so with only an $89 annual fee, they actually pay us to have the card. Plus they have had no international transaction fees this year, which saved money on overseas purchases.

Interest rate the only drawback

Reviewed and recommended by Liane on 15 Oct 2016

Apart from the high interest rate, which applies only to an open balance after 55 days credit use, Coles Platinum MasterCard has served its purpose. It suits my needs, and provides security and peace of mind.

Customer service promptly alerts me to any unusual activity on my account and provides assistance with cancellation of purchases and refunds.

Reasonable backup card

Reviewed and recommended by Mari on 01 Oct 2016

Overall I have found the card to be a good backup when required. It’s good for use online. My preference would be for it to have no annual fee. Then this would be a very good card.

The interest rate is high and needs to be reviewed, as with all credit cards.

Customer service has been good when required.

Rewards rack up quickly

Reviewed and recommended by Rella on 29 Sep 2016

This is a great card if you do all your grocery shopping at Coles, buy petrol at Shell, and take advantage of the flybuys partners. The points will rack up quickly. I like redeeming $10 off at each Coles shop. There is a large selections of rewards.

It would be nice if the interest rate was a little lower, or the interest free days applied to all purchases.

Accepted, trusted and convenient

Reviewed and recommended by Eileen on 23 Sep 2016

Knowing that I am contacted whenever a large transaction is made, to ensure it was me or my husband, reassures me when making a purchase, paying a bill or using the card anywhere around the world. This is the one card we have always had accepted wherever we go, and added to that is the bonus of earning flybuys points whenever we use our card.

We pay in full every month so never have to pay any interest. It is just so convenient, so safe and so rewarding.

Points help to pay for groceries and petrol

Reviewed and recommended by Brett on 22 Sep 2016

I originally got this card for the low $49 annual fee and because you earn two flybys points for every $1 that you spend. To be able to use your points collected to pay for everyday items like petrol and groceries is a massive bonus.

It is an excellent credit card, definitely the best I have ever used, and I would highly recommend it.

Rewards have good return rate on spending

Reviewed and recommended by Matt on 22 Sep 2016

I have had this account in a few forms for over 20 years and have always been happy with it. I find that it offers the best rewards system (flybuys). It is very easy to earn and redeem points and the return on spending is quite favourable. I would recommend this card to anyone.

Show 56 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $30 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months1.5%80% of credit limit19.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Coles Rewards Mastercard at the promotional balance transfer rate from:

  • Coles

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months1.5%80% of credit limit 19.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.67% 19.99% p.a.
Purchases 1.67% 19.99% p.a.


Annual fee
$99 p.a.
Cash advance fee
whichever is greater, $1.95 or 3%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
Reward points expiry
Never as long as you keep your account active
Rewards program
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
Overseas earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
2 pts per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $25,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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