Coles is one of the major supermarkets that most if not all Australians are familiar with. Whether it’s buying groceries in-store or online many of us spend much of our food shopping hours there.
Coles teamed up with NAB to create a Coles Mastercard credit card that offers rewards and discounts to shoppers.
There are three different types of Coles credit cards. Each has its unique feature which shoppers can choose from. Before you decide to apply for one of their credit cards online it’s best to check out the below info on these cards.
**New applications for Coles credit cards are currently not available until 8th September**
The three different types of Coles Mastercards
There are three types of Coles credit cards to choose from Coles Rewards, Low Rate or No Annual Fee.
Which card to choose boils down to how much you spend and your ability to repay the full balance each month. Plus, are you willing to pay an annual fee, and whether you want more benefits.
Eligible applicants for a Coles Mastercard must have a good credit rating and earn a least an income of $25,000 per annum. And as usual, the applicant must be over 18 years of age and live in Australia.
Credit Card
- Bonus Points Offer
- Points Per $1 Spend
- Annual Fee
- Bonus Points Offer 40,000 Flybuys Points
- Points Per $1 Spend 1 - 3
- Annual Fee $99
- Purchase Protection
- CashbackFrequent Flyer PointsConcierge ServiceColes Mobile Wallet, Apple Pay, Samsung Pay
- Bonus Points Offer -
- Points Per $1 Spend 0.5
- Annual Fee $0
- Purchase Protection
- CashbackFrequent Flyer PointsConcierge ServiceColes Mobile Wallet, Apple Pay, Samsung Pay
- Bonus Points Offer -
- Points Per $1 Spend 0.5
- Annual Fee $58
- Purchase Protection
- CashbackFrequent Flyer PointsConcierge ServiceColes Mobile Wallet, Apple Pay, Samsung Pay
Coles Rewards Card
| Feature | Details |
|---|---|
| Points Spend | 2 Flybuys points per $1 spend (excludes BPay & Government payments) up to $3,000 and then 1 Flybuys point after that up to $8,000 spend in each statement period - capped point earnings. Shop at Coles and scan the barcode to collect 1 bonus Flybuys point per $1 spent. |
| Annual Fee | $99 p.a. |
| Interest Rate | 20.74% p.a. |
| Extra Benefits | No international transaction fees, purchase protection & 24/7 concierge service |
Reasons for picking this card:
✓ When you pay off your full statement balance each month to avoid any interest charges.
✓ Have a good amount of monthly spending. On the Coles Reward Mastercard, a minimum spend of $10,000 per year on general purchases roughly earns $100 off Coles Supermarket shopping. This discount at least covers the annual fee cost. So if you expect to spend way above $10,00 each year, then having this card would be worthwhile.
✓ If you make international purchases or want to use a card for trips overseas then its no foreign transaction fees benefit comes in handy.
Coles No Annual Fee
| Feature | Details |
|---|---|
| Points Spend | 0.5 Flybuys point per $1 spent on general purchases (excludes BPAY & Government payments) up to $5,000 spending in each statement period - capped point earnings |
| Annual Fee | $0 |
| Interest Rate | 20.74% p.a. |
| Extra Benefits | Purchase protection & 24/7 concierge service |
Reasons for picking this card:
✓ Suitable for the not-so-big spenders. At no cost, you can still take advantage of the benefits that come with having a credit card.
✓ If you're a single person or some whose monthly spending isn't high. Have to spend $4,000 with this card to get $10 off your Coles Supermarket shopping.
✓ If you repay the full statement balance each month to avoid any interest costs.
Coles Low Rate
| Feature | Details |
|---|---|
| Points Spend | 0.5 Flybuys point for every $1 at Coles Supermarkets (only get points at Coles Supermarkets) - uncapped point earnings |
| Annual Fee | $58 |
| Interest Rate | 13.49% p.a. |
| Extra Benefits | Purchase protection & 24/7 concierge service |
Reasons for picking this card:
✓ If you're unable to pay off the whole statement balance each period means interest charges will incur. Thus, if you're paying interest charges then using a low rate credit card is suitable for dropping those interest costs.
✓ Don't mind only earning points when shopping at Coles Supermarkets as it only offers points on purchases at those stores.
Tip: You can always compare more low interest rate cards on Kredmo. Or even find an interest-free offer credit card to save on paying interest for many months, but these cards may not collect reward points.
The perks that come with a Coles Credit Card
$10 off Coles Supermarket shopping
Get $10 off your Coles supermarket shopping at the checkout when you redeem 2,000 Flybuys points (excludes Coles Express and Coles Online). Must spend at least $10 after savings and discounts in one transaction at Coles Supermarkets to get the $10 off (excludes gift cards, iTunes cards, tobacco, and tobacco-related purchases).
Interest-Free Days
Get up to 55 days interest-free. Meaning that if you pay the statement balance in full each period by the due date, then you won't get charged interest.
Purchase Protection
Shop with more confidence with purchase protection. Have this protection for up 90 days on eligible purchases made on a Coles card.
Mobile Pay
Cardholders can choose to pay with Apple Pay, Samsung Pay and Google Pay.
What to consider before applying for a Coles card
Fee for paper statements. Paper statement fee of $2.00, get an online statement to avoid this fee.
Over-the-counter fee when repayments made at Australia Post. An Over-the-Counter Transaction Fee of A$2.25 will be charged to your Account at the end of the month for each payment made to your Account at Australia Post outlets when you use the Bank@Post facility.
Some customer service issues. There have been customers expressing their frustration from a lack of customer support. Calling customer support to resolve an issue can be difficult to resolve and time-consuming.
Using a Coles Credit Card can make sense if...
If you buy your food and groceries from Coles Supermarket each week and you want rewards in form of getting dollars wiped off your shopping, then it can make sense to use a Coles Mastercard.
Whichever card you choose you'll be earning points either way and getting dollars off your Coles Supermarket shopping as long as you collect enough points.
Generally, credit cards that offer rewards mostly come with an annual fee. But with a Coles card, you can earn rewards at a lower or zero annual fee cost, which is one great thing about this card.
Feel free to check out other similar articles:
Top Interest-Free Credit Card Offers
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