Coles Rewards Mastercard: Earn Up to 3 Points Per $1 + $250 Cashback Offer

The Coles Rewards Mastercard is an attractive option for those who love scoring extra value when they shop. This card lets you earn up to 3 Flybuys points for every dollar spent on eligible purchases, making it a great choice for regular Coles customers. With a $99 annual fee and a purchase rate of 20.74% p.a., you’ll also unlock a $250 Coles Gift Card if you apply by 17 Mar 2026 and spend $3,000 in the first 90 days from approval.

How to Apply for the Coles Rewards Mastercard

1. Check that you meet eligibility criteria such as age, citizenship, and income.
2. Prepare your personal details and financial information (income, expenses).
3. Complete the online application form and submit required ID documents.
4. Wait for your application assessment and approval notification.
5. Activate your card and start earning points on eligible purchases.

Main Benefits of the Coles Rewards Mastercard

With this card, you can enjoy competitive Flybuys earn rates, allowing you to rapidly collect points for rewards like grocery discounts and more.

The $250 bonus gift card is a standout, especially for those who regularly spend at Coles stores. Complimentary insurance and flexible repayments add further appeal.

A Few Drawbacks to Consider

The purchase rate for this card is 20.74% p.a., which is on the higher side if you carry a balance past the interest-free period. Consider paying off your balance monthly.

Cash advances and international purchases incur extra fees, so this isn’t the best option for those who need to withdraw cash often or spend overseas.

Ons oordeel

The Coles Rewards Mastercard offers great value to everyday shoppers, especially those loyal to Coles and seeking Flybuys rewards. The annual fee remains reasonable, and the $250 gift card is a strong upfront incentive. As always, the best rewards go to those who repay in full each month and use the card for eligible purchases.