Coles Rewards Mastercard

19.99% p.a.

0% p.a. for 6 months and then 19.99% p.a.

$99

flybuys

Coles Rewards Mastercard

19.99% p.a.

0% p.a. for 6 months and then 19.99% p.a.

$99

flybuys

Mozo Review   Coles Rewards Mastercard Review

Last updated: 23 January 2019.

What's hot:
  • Multiple Mozo Experts Choice Awards Winner

  • 2 flybuys points per $1 on eligible spends

What's not:
  • $10 late payment fee

Mozo snapshot:

Help your rewards points fly higher with the 2018 Mozo Experts Choice winning Coles Rewards Mastercard that earns you 2 juicy flybuys points per $1 on eligible spends, plus a bonus 1 point per $1 spent when you also scan your flybuys card at the Coles checkout. The great thing is the points are uncapped and never expire, so you can save them up for as long as you like! And you'll receive this competitive flybuys points program without the high price tag with a low $99 annual fee. 

It's not only designed for shopping in Australia but is also a top choice for travel with no foreign exchange fee on overseas purchases. Mozo's experts ranked it as one of the market's best travel credit cards in the 2018 Experts Choice Travel Money Awards.

Key features:

While the Coles Rewards Mastercard has a standard purchase rate of 19.99%, you'll have plenty of breathing room to pay off your balance, with up to 55 interest free days. 

As expected the Coles Rewards Mastercard is linked to the Coles’s flybuys scheme earning you 2 flybuys points per $1 on eligible spends and an additional 1 point per $1 spent at Coles and other flybuys partners. Once you've clocked up 2,000 flybuys points you can redeem $10 off your shopping at Coles Supermarkets.

The Coles Rewards Mastercard is also really convenient - it's like having your Coles credit card and flybuys all in one. All you need to do to claim your flybuys points at the checkout is scan the flybuys barcode on the back of your card. Easy!

As part of the Mastercard network you can use it wherever Mastercard cards are accepted worldwide and pay via "tap and go" for purchases under $100 with Mastercard PayPass.

This is also a great card to take with you on your next overseas trip or shop online at international stores as there are no international transaction fees on purchases made with the card, which is why it took out two awards in the Mozo Experts Choice Travel Money Awards.

Finally, if you want to blast a way a niggling balance before starting your spending, there is a 0% balance transfer rate for 6 months on offer. There's just a couple of things to keep in mind if you're going to take up this offer - any remaining balance after the 6 months are up will start attracting interest at the higher 19.99% cash advance rate, and while you're using the balance transfer offer, you won't get any interest free days on new purchases made on the card.

Who it's good for:

The Coles Rewards Mastercard is great for those looking to earn juicy flybuys points on their everyday shop.

Any catches?

While you'll get $10 off your shopping at Coles Supermarkets when you redeem 2,000 FlyBuys points, keep in mind Coles Express, and Coles Online are excluded.

Rewards program details

Rates and fees information correct as at 23 January 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

274,943 points

Fly Sydney to Melbourne one-way

17,931 points

$100 Giftcard

20,000 points

$100 Cash

-

Points earning

2 points per dollar on Mastercard, uncapped

Rewards scheme

Collect 2 flybuys point per $1 on eligible spend.

Earn an additional 1 point per dollar spent at Coles and other Flybuys partners when your card is scanned.

Value of rewards points

Spend $10,000 (Mastercard)

Spend $8,966 (Mastercard)

Spend $137,471 (Mastercard)

Uncapped

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 19.99% p.a.

  • none

  • 0% p.a. for 6 months and then 19.99% p.a.

  • yes

  • 19.99% p.a.

  • 55

Fees
  • $99.00

  • none

  • none

  • none

  • $10.00

  • 3%, Min $1.95

  • 0%

  • $0.00

  • $0.00

  • $0.00

Features
  • $30.00

  • 2.0

  • 4

  • See Coles Credit Cards website for a full list of fees and charges

Payment options

PayTag

Rewards privileges

Concierge,
Purchase Protection

Other benefits

Free Coles delivery when you spend over $100 on groceries.

Customer Reviews

How are Coles credit cards rated by the Mozo community?

Overall customer rating
6.6/10
Price
5.9/10
Features
6.5/10
Customer service
6.3/10
Convenience
6.8/10
Trust
6.6/10

Latest reviews of Coles Rewards Mastercard

  • Overall
    10/10
    Great rewards

    Can use this card basically anywhere, but can't get rewards for every purchase that you make.

    Can use this card basically anywhere, but can't get rewards for every purchase that you make.

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Fiona | Queensland

    reviewed almost 2 years ago

  • Overall
    10/10
    Best ever

    Love the fact it linked in with flybuys

    Love the fact it linked in with flybuys

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Patricia | Queensland

    reviewed almost 3 years ago

  • Overall
    5/10
    Use for rewards program & pay by due date

    Pros: best and easiest rewards program, up to 30 days interest free, online access to account &...

    Pros: best and easiest rewards program, up to 30 days interest free, online access to account & statement. Cons: high interest charges plus excessive late charges. customer service is sometimes off shore - don't understand the accents.

    Price
    3/10
    Features
    9/10
    Customer service
    3/10
    Convenience
    5/10
    Trust
    3/10

    Tee | Queensland

    reviewed almost 3 years ago

  • Overall
    6/10
    Good service.

    Trustworthy bank, but website not that user friendly.

    Trustworthy bank, but website not that user friendly.

    Price
    5/10
    Features
    5/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10

    Sam | South Australia

    reviewed almost 3 years ago

  • Overall
    7/10
    Good offer

    I like it because of the flybuys points offered which I can then redeem by buying in Coles...

    I like it because of the flybuys points offered which I can then redeem by buying in Coles supermarket

    Price
    5/10
    Features
    7/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    6/10

    Florinda | Victoria

    reviewed about 3 years ago

Coles

About Coles

The Coles Mastercards are part of the Coles Group, owners of the well-known Australian Coles supermarkets. These cards offer a wide range of savings and rewards on everyday purchases.

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$49 $0 in the first year

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1 point per dollar on Mastercard, up to 100000 points per year

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$149 $0 in the first year

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20.74% p.a.

$395

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Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0.66 points per dollar on Visa, up to $1,500 per month, then
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20.74% p.a.

$129 $64 in the first year

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Velocity Escape Card

0.75 points per dollar on Amex, uncapped

20.74% p.a.

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2 points per dollar on Mastercard, uncapped

19.99% p.a.

$99

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0% p.a. for 14 months and then 21.99% p.a.

$49 $0 in the first year

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$299 $149 in the first year

19.99% p.a.

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$395

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$49 $0 in the first year

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$149 $0 in the first year

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0% p.a. for 24 months and then 21.74% p.a. (1.50% balance transfer fee)

$149 $49 in the first year

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Breeze Platinum Mastercard

0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)

$99 $0 in the first year

0% p.a. for 6 months then 12.99% p.a.

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11.99% p.a.

$49 $0 in the first year

0% p.a. for 13 months and then 21.74% p.a.

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11.99% p.a.

$0

No current offer

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12.49% p.a.

$58

0% p.a. for 15 months and then 21.74% p.a.

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11.99% p.a.

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11.99% p.a.

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11.99% p.a.

0% p.a. for 12 months and then 11.99% p.a.

$49

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CUA

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Low Rate Credit Card

11.99% p.a.

0% p.a. for 13 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

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11.99% p.a.

No current offer

$0

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Bankwest

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0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)

$99 $0 in the first year

Promoted

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12.49% p.a.

0% p.a. for 15 months and then 21.74% p.a.

$58

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17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

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11.99% p.a.

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$29

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14.99% p.a.

0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)

$0