Store Credit Cards

Compare and apply for the best Australian store credit cards branded for department stores and other retailers.

By   |   Verified by David Boyd   |   Updated 12 Jun 2024

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Comparing store credit cards

Coles Rewards Mastercard

On website

Apply by 30 June 2024

Coles Rewards Mastercard

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

  • 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.
Coles Low Rate Mastercard

On website

Apply by 30 June 2024

Coles Low Rate Mastercard

Highlights

  • 0% per annum (p.a.) for balance transfers spanning 15 months. Afterward, it reverts to the cash advance rate of 19.99% p.a.
  • Enjoy a modest annual fee of $58 p.a.
  • Earn 1 Flybuys Point for every $2 spent at Coles Supermarkets.

Pros

  • 0% p.a. on balance transfers for 15 months.
  • Complimentary access to your 24/7 local concierge.
  • Interest-free for up to 55 days.

Cons

  • There is a 1.5% balance transfer fee.
  • You can only earn Flybuys points at Coles Supermarkets.
  • No interest-free days while you have a balance transfer.
Kogan Money Black Credit Card

On website

Highlights

  • Receive $400 Kogan.com Credit upon spending $3,000 on qualifying purchases within 90 days from card approval.
  • Enjoy no annual fees.
  • Benefit from 0% p.a. for 18 months on balance transfers with a 2% balance transfer fee. Reverts to cash advance rate of 21.74% p.a.
  • Additionally, enjoy an introductory low purchase interest rate of 9.99% p.a. for the first 18 months.

Pros

  • Get a $400 sign up bonus in Kogan.com Credit when you meet the criteria.
  • Take advantage of the introductory BT and purchase rates.
  • $0 annual fee.
  • Earn 2 reward points per $1 on eligible purchases at Kogan.com and 1 reward point per $1 on other eligible purchases.
  • Add up to 4 additional cardholders at $0 fee.
  • Uncapped rewards.

Cons

  • There is a 2% Balance Transfer fee.
  • There is a 3.4% foreign currency fee.
  • The ongoing cash advance rate is 21.74% p.a.

These cards are linked with loyalty programs that reward you for shopping at the stores, and they also have normal credit card features such as interest rates and fees that you should check out when comparing the different deals. If you find a store credit card you like the look of you can apply online today.

These cards are linked with loyalty programs that reward you for shopping at the stores. The most popular examples are Coles/Flybuys and Woolworths/Everyday Rewards.

How store credit cards work

Store credit cards are branded and linked to specific retailers but issued by banks and processed on major payment networks like Visa or Mastercard. Key features include:

  • Rewards programs where cardholders earn points on purchases, often with bonus points for spending at the linked retailer or partners. Points are typically redeemed for store gift cards, products, discounts or special offers. Some provide cashback instead of points.
  • Interest rates and annual fees tend to be relatively high compared to other credit cards. Promotions like 0% intro purchase APRs are sometimes offered.
  • Beyond rewards, benefits may include purchase protection, insurance, and cardholder-exclusive offers. More perks usually mean higher annual fees.

These cards suit frequent shoppers at the linked retailer who can maximize rewards on their typical spending and avoid interest by paying in full. They aren't ideal for those wanting rewards across many retailers, carrying balances, or seeking specific features like balance transfers.

To get the most value, cardholders should use the card often for routine expenses, pay balances in full to avoid interest exceeding rewards, refrain from cash advances, and redeem rewards regularly. Points may have expiration dates or caps.

Ultimately, store credit cards can provide savings for the right type of shopper who chooses a card fitting their normal habits. But spending just to earn rewards is unwise. All activity is reported to credit bureaus like any credit card.

FAQs

Is there an Amazon Australia credit card?

There is no Amazon credit card in Australia yet.

Does a store credit card work anywhere?

Yes. Although linked with a specific store and its rewards program, store credit cards can be used wherever credit cards are accepted.

Can a store credit card debt be transferred to a different credit card?

Yes. You can balance transfer from a store credit card to a balance transfer credit card and get the introductory interest rate.

Do store credit cards go on your credit report?

Yes. Since they are credit cards, your payment history will be reported to the credit bureaus.