Connecting to better
Coles Rewards Mastercard
Bonus Point
Interest Rates
0
20.74
Reward Point
2
Annual fee
$99
Pros.
Get 10% off your Coles shop every month (up to $50 in savings)
Earn 2 Flybuys points per $1 on eligible purchases up to $3,000 per statement period, then 1 point per $1 on purchases up to $8,000 per statement period.
Cons.
Does not include complimentary travel insurance, unlike some other rewards cards
Imposes a 3% foreign transaction fee
Standard interest rates are relatively high
Details
Product Details
Product Name
Coles Rewards Mastercard
Balance transfer rate p.a.
80% of available limit
Balance transfer limit
80% of available limit
Purchase rate p.a.
20.74
Interest-free days
Up to 44 days on purchases
Cash advance rate p.a.
20.74%
Min credit limit
$1,000
Card type
Mastercard
Fees & Charges
Annual fee
$99
Minimum monthly repayment
80% of available limit
Late payment fee
$30
Foreign currency conversion fee
3%
Cash advance fee
3% or $1.95, whichever is greater
Overseas cash advance fee
$5 + 2.5% of transaction amount
Additional cardholder fee
$0
Number of additional cardholders
4
Eligibility
Available to temporary residents
No
Minimum income
N/A
Joint application
No
Rewards
Rewards program
2
Bonus points
0
Rewards points per $ spent
2
Rewards points cap
11,000
How to Apply
You can apply for the Coles Rewards Mastercard online and receive a response within 60 seconds. Before applying, ensure you meet the eligibility criteria and have the required information ready to complete the application.
Eligibility Criteria
New cardholder: To qualify for the introductory offer, you must apply for a new Coles Rewards Mastercard and join as a new Coles Plus Saver member.
Balance transfer: You can transfer up to 80% of your available credit limit if you wish to transfer a balance.
Residency: This card is available to permanent Australian residents.
Credit history: A good credit score is required for approval.
Age requirement: Applicants must be at least 18 years old.
Required Documents
Personal details: Full name, date of birth, contact information, residential address, and number of dependents.
Proof of identification: Verification with a valid ID, such as an Australian driver’s licence or passport.
Income details: Confirmation of annual income, along with your employer’s name, address, and phone number.
Financial information: A breakdown of assets (e.g., savings, property, superannuation) and liabilities (e.g., existing debts and credit limits).
Flybuys membership: If you’re an existing member, include your Flybuys membership number. If not, you will be automatically enrolled when you apply.
Balance transfer details: If transferring a balance, provide the total debt amount, account name and number, and the BSB of the institution holding the debt.
Card benefits
You can apply for the Coles Rewards Mastercard online and receive a response within 60 seconds. Before applying, ensure you meet the eligibility criteria and have the required information ready to complete the application.
Eligibility Criteria
New cardholder: To qualify for the introductory offer, you must apply for a new Coles Rewards Mastercard and join as a new Coles Plus Saver member.
Balance transfer: You can transfer up to 80% of your available credit limit if you wish to transfer a balance.
Residency: This card is available to permanent Australian residents.
Credit history: A good credit score is required for approval.
Age requirement: Applicants must be at least 18 years old.
Required Documents
Personal details: Full name, date of birth, contact information, residential address, and number of dependents.
Proof of identification: Verification with a valid ID, such as an Australian driver’s licence or passport.
Income details: Confirmation of annual income, along with your employer’s name, address, and phone number.
Financial information: A breakdown of assets (e.g., savings, property, superannuation) and liabilities (e.g., existing debts and credit limits).
Flybuys membership: If you’re an existing member, include your Flybuys membership number. If not, you will be automatically enrolled when you apply.
Balance transfer details: If transferring a balance, provide the total debt amount, account name and number, and the BSB of the institution holding the debt.
Rates & fees
Annual fee: This card has a $99 annual fee, which is competitive for a rewards credit card.
Interest rates: A standard rate of 20.74% p.a. applies to purchases, balance transfers, and cash advances.
Interest-free period: Enjoy up to 44 days interest-free on retail purchases when you pay the full outstanding balance (including any balance transfers) by the statement due date. Note that interest-free days do not apply to cash advances, balance transfers, special promotions, or account fees and charges.
International transaction fees: A 3% fee applies to international transactions, including purchases made overseas or online with international merchants.