Rewards Mastercard card image
Mini meca 2020

Coles Rewards Mastercard

Advertiser disclosure
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 18 months and then 19.99% p.a. (1.50% balance transfer fee)
Annual fees
$99 $0 in the first year
Interest free days on purchases
55

Mozo editorial review Coles Rewards Mastercard

Last updated: 1 April 2021.

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What's hot
  • 2020 Mozo Experts Choice Awards winner
  • 0% p.a. on balance transfers for 18 months (Reverts to cash advance rate, 1.5% BT fee)
  • $10 off your Coles Supermarket shop every time you redeem 2,000 flybuys Points at checkout
What's not
  • $30 late payment fee
Mozo snapshot

Help your rewards points fly higher with the 2020 Mozo Experts Choice Credit Card Award winning Coles Rewards Mastercard, which gets you 2 flybuys points per $1 on eligible spends for the first $3,000 (and 1 point thereafter). 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 - the usual $99 annual fee waived in the first year if you apply by 30 June 2021. 

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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. And if you apply by 30 June 2021, there's also no annual fee in your first year ($99 for the following years).

As expected, the Coles Rewards Mastercard is linked to the Coles flybuys scheme, earning you 2 flybuys points per $1 on eligible spending for the first $3,000 (and 1 point per $1 thereafter). Once you've clocked up 2,000 flybuys points you can redeem $10 off your shopping at Coles Supermarkets.

Bear in mind that eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges.

This card is also really convenient - it's like having your Coles Rewards Mastercard 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.

And if you want to blast away a niggling balance before starting your spending, there is a 0% balance transfer rate for 18 months on offer (1.5% BT fee applies). Just keep in mind that any remaining balance after the 18 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.

Finally, just a reminder that terms and conditions apply to all these offers, so make sure you read the fine print carefully!


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Who is it good for

The Coles Rewards Mastercard is great for those who are a fan of the flybuys program and are looking to earn points on their everyday shop.

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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 10 May 2021. 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, up to $3,000 per month, then
1 point 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.

Special offers

Receive 20,000 flybuys Points when you spend $500 on eligible purchases in the first 60 days of card approval.

Value of rewards points

Spend $10,000 (Mastercard)

Spend $8,966 (Mastercard)

Spend $238,943 (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 18 months and then 19.99% p.a. (1.50% balance transfer fee)

  • yes

  • 19.99% p.a.

  • 55

Fees
  • $99.00

  • $0 in the first year

  • none

  • none

  • $30.00

  • 3%, Min $1.95

  • 0%

  • $2.00

  • $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

Apple Pay, Samsung Pay

Rewards privileges

Concierge,
Purchase Protection

Other benefits

$100 off in-store purchases at a Coles Supermarket when you spend $500 on eligible purchases within the first 60 days. To redeem the offer pay with the Coles Rewards Mastercard and scan your Flybuys barcode. Apply by 30 June 2021.

Customer Reviews

How are Coles credit cards rated by the Mozo community?

Overall
6.5/10
Price
5.8/10
Features
6.5/10
Customer service
6.2/10
Convenience
6.7/10
Trust
6.5/10

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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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