Coles Rewards Mastercard
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CardIQ
Fair
Overall score, out of 100 · How this works
- Balance transfer49
- Frequent flyer53
- Rewards53
- Sign-up bonus44
Customer reviews
Based on 75 reviews. We show 20 of them.
Most of the praise went to rewards and fees.
Lengthy application process
It’s been over a month of going back and forth and I still haven’t received the card yet.Customer service is terrible, and every event is quoted as 7-14 days for processing. Like when I did my ID check, then it took a further 10 days and another follow up phone call for them to…
The best reward is security
While Coles MasterCard does not necessarily offer the best physical rewards program, it does offer the best security that I have ever seen in a credit card, which is the best reward anyone could ask for — an easy night’s sleep. The customer service staff are kind and easy to…
Ready to switch to a fee-free card
It has flybuys, and the only real reason I have had this card is I had it back when Coles gave you a discount on everything they owned through their shares. It’s not practical now, and if I found a free, trouble-free card I would likely switch. Also, you have to pay an annual…
Rewards add up to more than the annual fee
I love my Coles MasterCard. We use it for everyday purchases as well as business purchases, and pay the balance every month by the due date so we don’t get charged interest. We earn usually a couple of hundred dollars a year in reward vouchers, so with only an $89 annual fee,…
Ticks every box
I’ve been very happy with this card so far. The fees are reasonable. The online service is simple. The app is easy and always works. They’ve contacted me about unusual activity. They’ve been easily contactable and responsive to my issues. They’ve resolved any queries I’ve had.…
Interest rate the only drawback
Apart from the high interest rate, which applies only to an open balance after 55 days credit use, Coles Platinum MasterCard has served its purpose. It suits my needs, and provides security and peace of mind. Customer service promptly alerts me to any unusual activity on my…
Reasonable backup card
Overall I have found the card to be a good backup when required. It’s good for use online. My preference would be for it to have no annual fee. Then this would be a very good card. The interest rate is high and needs to be reviewed, as with all credit cards. Customer service has…
Rewards rack up quickly
This is a great card if you do all your grocery shopping at Coles, buy petrol at Shell, and take advantage of the flybuys partners. The points will rack up quickly. I like redeeming $10 off at each Coles shop. There is a large selections of rewards. It would be nice if the…
Accepted, trusted and convenient
Knowing that I am contacted whenever a large transaction is made, to ensure it was me or my husband, reassures me when making a purchase, paying a bill or using the card anywhere around the world. This is the one card we have always had accepted wherever we go, and added to that…
Points help to pay for groceries and petrol
I originally got this card for the low $49 annual fee and because you earn two flybys points for every $1 that you spend. To be able to use your points collected to pay for everyday items like petrol and groceries is a massive bonus.It is an excellent credit card, definitely the…
Pros & cons
What's good
- 40,000 bonus points to start, worth around $200 at our 0.5c-per-point valuation.
- 12 months at 0% p.a. on balance transfers, longer than the 12-month median (5% transfer fee, reverts to 20.74% p.a.).
- No fee to add an additional cardholder.
Worth noting
- The $99 annual fee is high for a Standard card, where the typical fee is about $50.
- The 20.74% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
- Points earning is capped at 11,000 points a month.
- 3% foreign transaction fee on overseas spending.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $1,000 – $60,000
- Credit rating
- Good
- Rewards program
- Flybuys
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- Not specified
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 20.74% p.a.
- Purchases
- 20.74% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- $99 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 3%
- Late payment fee
- $30
Repayments
- Interest-free period
- Up to 44 days on purchases
- Minimum repayment
- 2% of the closing balance or $30, whichever is greater
Balance transfers
- Can't transfer from
- Coles, Kogan Money, MyCard, NAB, Qantas Money
- Limit
- Up to your available credit limit
- Period
- 12 months
- Promotional rate
- 0% p.a.
- Revert rate
- 20.74% p.a.
- Transfer fee
- 5%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
Earn rate
- Everyday spend
- 2 Flybuys points per $1
- Bonus categories
- None
- Other purchases
- None
- Overseas spend
- None
- ATO/government
- None
- Reduced rate above monthly cap
- None
- Points cap
- Maximum 11,000 points per month
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- 40,000 points
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
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Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- Coles
- Program
- Flybuys