Coles
Get a $250 Coles gift card and 0% interest for 12 months on balance transfers with a $99 annual fee. Great for everyday spending and rewards.
The Coles Rewards Mastercard is offering an enticing sign-up deal for new applicants—receive a $250 Coles gift card upon approval if you apply by 17 March 2026. This card features a $99 annual fee, 0% p.a. on balance transfers for the first 12 months (then 20.74% p.a.), and allows you to earn flybuys rewards on every eligible purchase. There is no annual fee waiver in the first year, and you must use the card for eligible purchases to qualify for the gift card.
The credit limit depends on your financial situation and is set by Coles after assessing your application. The rewards structure is especially designed for shoppers seeking to maximise benefits at Coles and partner retailers. To get the $250 gift card, ensure you meet the spending requirements outlined in the terms and conditions during the introductory period.
How to Apply: Step-by-Step
- Visit the official Coles Mastercard application platform online.
- Fill out the application with your personal, employment, and financial details.
- Provide valid supporting documents if requested, such as a driver’s licence, proof of income, and recent bank statements.
- Review and submit your application for assessment.
- Await a decision—approval is typically notified via email or phone.
Benefits of the Coles Rewards Mastercard
One standout advantage is the $250 Coles gift card, perfect for reducing your grocery bills. Cardholders also benefit from a competitive 0% interest rate on balance transfers for up to 12 months, making it easier to manage existing credit card debt without accruing extra interest immediately.
The card is ideal for frequent shoppers who want to accelerate their flybuys points. This makes it an attractive choice for families and individuals looking to harness regular spending for tangible rewards.
Potenziali svantaggi
The annual fee of $99 is relatively high when compared to some other entry-level Mastercard options, and there’s no introductory fee waiver for the first year. If you don’t spend enough at eligible retailers or take full advantage of flybuys, the benefits may not justify the ongoing costs.
Additionally, the revert interest rate on purchases and balance transfers after the introductory period is 20.74% p.a., which is above average. This could offset savings if balances aren’t paid off promptly.
Il nostro verdetto
For shoppers who are loyal to Coles and regularly collect flybuys, this card carries genuine value—especially with the sign-up $250 gift card. However, evaluating your typical spending and ability to repay your balance is crucial to determine if the rewards and perks will outweigh the annual cost and revert rates.
