Coles Rewards Mastercard

On website

Apply by 30 June 2024

Coles Rewards Mastercard

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

  • Receive 50,000 Flybuys bonus points upon spending $3,000 or more on eligible purchases within 90 days of approval. Terms and Conditions apply.
  • Earn 2 points per $1 on eligible spend—this is in addition to the regular Flybuys Points earned from other partners.
  • Pay $0 in international transaction fees for purchases made online or overseas.

Pros and cons

Pros

  • Get 50,000 Flybuys bonus points when you meet the criteria.
  • 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.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Mastercard
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$25,000.00
Temporary Residents Accepted
No

Additional cardholders

Additional Cardholders
4
Additional Card Fee Ongoing
N/A

Credit limits

Minimum Credit Limit
$1,000.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
19.99%
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
19.99% p.a.
Cash Advance Fee
$1.95
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
19.99% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$99.00
Dishonour Fee
$15.00
Duplicate Statement Fee
$2.00
Foreign Exchange Fee Percentage
0%
Late Payment Fee
$30.00

Rewards

Rewards program basics

Rewards Program
flybuys
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
None

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
2.00
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
2.00

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No

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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, Google Pay, and Samsung Pay.
  • Gambling transactions. Coles does 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 has 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. Eligible 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 a 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. Coles will reward you with 50,000 Flybuys bonus points when you apply for Coles Rewards Mastercard by 30 June 2024, get approved, and spend $3,000 or more on eligible purchases within 90 days of approval.

Rates and fees

  • Annual fee. The annual fee for this card is $99 p.a.
  • Balance transfers. At present, this card does not offer an introductory balance transfer option. The interest rate for any BT will be 19.99%.
  • 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 to 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. There is no introductory purchase rate for this card at the moment. All purchases will get a standard interest rate of 19.99% p.a.

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Reviewed by Credit Card Compare Staff

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