Beyond an impressive introductory offer of Flybuys points, the Coles Rewards Mastercard gives you access to complimentary insurance, exclusive deals, and extra layers of protection with fraud coverage.
With a smart strategy, you can take advantage of all the benefits, from boosting your shopping experience at Coles and partner stores, to redeeming your points for valuable rewards.
Explore everything included with the Coles Rewards credit card, and you’ll be surprised!
Coles Rewards Mastercard Benefits
- Fast Flybuys points earning
- Exclusive offers for cardholders: Special deals directly from Coles, plus discounts on selected products.
- Complimentary insurance: Operated by Allianz Global Assistance.
- Coles Shield: Three layers of security technology protecting you from misuse.
- Up to 55 days interest-free on retail purchases
- Flexible payment plans
- Easy management through the app: Track your spending and access rewards easily via the Coles Financial Services app.
What is Flybuys?
Flybuys is a rewards operator that partners with many popular stores, allowing members to maximise benefits by shopping at participating locations.
In partnership with Coles, Flybuys points can be converted in multiples of 2,000.
That is, every 2,000 points equals $10 Flybuys Dollars, which can be spent at Coles Supermarkets, Coles Express, First Choice Liquor Market, Kmart, Liquorland, Officeworks, Target, and mycar.
The most exciting part? The rewards are incredibly versatile. You can choose from discounts, gift cards, various products, and endless possibilities on the platform.
How to Earn Points with the Coles Rewards Credit Card
🟢 Earn 2 Flybuys points per $1 on eligible purchases up to $3,000, or 1 Flybuys point per $1 after that, up to $8,000 per statement.
🟢 Spending at Coles gets even better: scan your Flybuys barcode and earn 1 extra point for every $1 spent.
New applicants can also turbocharge their earnings with an introductory offer if they spend at least $3,000 on eligible purchases within the first 3 months after approval.
Meeting all the requirements will unlock 50,000 points right away.
But heads up: this is a limited-time promotion, currently valid until 5 November 2024.
Fees
- Annual fee: $99
- Additional cardholder fee: $0
- Balance transfer rate: 20.74% p.a.
- Cash advance rate: 20.74% p.a.
- Interest-free days: Up to 55 days
- Foreign transaction fee: 3.00% on all retail purchases and cash advances
Things to Consider Before Applying
Despite all its benefits, the Coles Rewards Mastercard has a few drawbacks, depending on your usage profile.
So, if you’re thinking about getting this credit card, consider what might not be so advantageous.
First off, there’s a $99 annual fee, which can be a downside if you’re looking for a completely fee-free option.
Also, the card offers lower rewards if your spending is low. If your monthly expenses are minimal, it could take a while to rack up a significant number of Flybuys points.
Conclusion: Is the Coles Rewards credit card worth it?
It definitely stands out for offering great Flybuys points returns for regular shoppers, especially at Coles.
The complimentary insurance, fraud protection, and no foreign transaction fees make it even more appealing.
If the annual fee isn’t a dealbreaker for you, this card is an excellent choice, especially if you’re a frequent Coles shopper and want to maximise your rewards with a flexible points program.