How to Apply for your Coles Rewards Mastercard
The Coles Rewards Mastercard offers 50,000 Flybuys bonus points, up to 3 points per $1 spent, flexible payment options, and complimentary insurance, with a $99 annual fee
Coles Rewards Mastercard Benefits
The Coles Rewards Mastercard offers a range of features designed to give you more control over your finances and spending habits. See below:
- Generous Sign-Up Bonus: The Coles Rewards Mastercard offers an excellent 50,000 Flybuys bonus points, equivalent to $250 Flybuys dollars. To unlock this bonus, simply apply for the card and spend $3,000 on eligible purchases within the first 3 months from approval (offer valid until 5 November 2024). This attractive sign-up bonus can jumpstart your rewards balance and offer significant savings on everyday purchases at Coles and other Flybuys partners.
- Rewarding Points Structure: One of the standout features of the Coles Rewards Mastercard is its rewarding points structure. You can collect 2 Flybuys points per $1 spent on eligible purchases up to $3,000 each statement period. After that, you’ll still earn 1 Flybuys point per $1 on eligible purchases up to $8,000. Plus, when shopping at Coles and scanning your Flybuys barcode, you’ll enjoy up to 3 points per $1 spent. This structure allows you to accumulate points quickly on both everyday spending and larger purchases.
- Flexible and Secure Payment Options: The card integrates seamlessly with Apple Pay, Samsung Pay, and Google Pay, allowing you to make quick and secure payments with your mobile device. This flexibility is perfect for those on the go, making transactions smoother and more convenient. In terms of security, the Coles Shield offers three layers of defense against fraud, ensuring your credit card information stays protected during all transactions.
- Complimentary Insurance and Instalment Plans: As a Coles Platinum cardholder, you’ll also benefit from complimentary insurance that adds an extra layer of protection to your purchases. Moreover, the Coles Instalment Plans provide flexible payment options, allowing you to split your payments into manageable monthly installments. This feature helps in managing larger purchases without stressing your budget and reduces the risk of accumulating interest.
What You Should Have to Apply
- Residency: you should be an Australian permanent resident.
- Age: Applicants must be at least 18 years old.
- Credit Rating: A good credit rating increases your chances of approval.
These criteria help ensure that the card is suited for individuals who can fully benefit from its features, offering a balance of rewards and practicality. Also, you may need to provide some documentation like ID or passport, proof of address, proof of income, etc.
Who is This Card For?
The Coles Rewards Mastercard is tailored for frequent shoppers at Coles, as well as individuals who want a versatile rewards program that extends beyond just grocery shopping.
It is ideal for those who wish to earn Flybuys points on their everyday spending and avoid additional Cardholder fees . The card is also well-suited for those looking for a simple, rewards-focused credit card that offers tangible benefits without the complexities of premium cards.
Whether you are a regular shopper at Coles or simply want to make the most of your spending, the Coles Rewards Mastercard offers a rewarding and practical credit experience.
Step-by-Step to Apply for the Coles Rewards Mastercard
- Visit the Coles Financial Services Website: Navigate to the credit card section to explore the Coles Rewards Mastercard.
- Review Card Details: Understand the card’s features, terms, and benefits to ensure it meets your financial goals and shopping habits.
- Start the Application: Press the “Apply Now” and provide the necessary personal and financial information, including employment status and income details.
- Submit Required Documents: You may need to provide proof of income, identification, and any other necessary documents as part of the application process.
- Wait for Approval: the National Australia Bank Limited (NAB) will review your application. Upon approval, the card will be sent to your address, allowing you to start earning rewards immediately.
Pros and Cons of the Coles Rewards Mastercard
Pros
- Generous Sign-Up Bonus: Earn 50,000 Flybuys points ($250 Flybuys dollars) after spending $3,000 within the first 3 months, offering great value for Coles shoppers.
- Rewarding Points Structure: Earn up to 3 Flybuys points per $1 at Coles and 2 points per $1 on eligible purchases up to $3,000 per statement period, with ongoing rewards beyond that.
- Flexible & Secure Payments: Enjoy seamless payments with Apple Pay, Samsung Pay, and Google Pay, plus added security with Coles Shield.
- Complimentary Insurance & Instalment Plans: Get purchase protection and flexible instalment options to manage larger expenses easily.
Cons
- Annual Fee: The card comes with an annual fee, which may not appeal to those who do not maximize the rewards program.
- Foreign transaction fees: you will be charged for transactions made in foreign currencies.
How to Unlock Your Coles Rewards Mastercard
- Log in to Coles Online Banking: Access the Coles Financial Services website or mobile app and log in to your account.
- Navigate to Card Services: Select “Activate New Card” from the options.
- Enter Card Details: Provide your card number, expiration date, and other requested information.
- Set Your PIN: Choose a secure PIN for transactions and ATM access.
- Activate the Card: Confirm your details to activate the card for immediate use.
Coles Rewards Mastercard Fees and Tariffs
- Annual Fee: $99.
- Interest Rate on purchases and balance transfers: 20.74% p.a.
- Cash Advance Fee: $1.95 per transaction amount under $65.00, and 3.00% of the transaction amount for any transaction equal to or over $65.00, debited to your Account on the Transaction Date
- Late Payment Fee: $30 each time we do not receive the Minimum Payment Due and any Overdue Amount by the Payment Due Date
- Foreign Transaction Fees: 3.00% on all Retail Purchases and Cash Advances
Understanding these fees helps manage the card effectively while maximizing its benefits. Responsible use ensures you avoid unnecessary charges.
Customer Service
- Phone: Call 1300 306 397 or if you’re overseas (+61) 2 8288 2890 for 24/7 support.
- Website: Visit Coles Financial Services Customer Support for more information.
- Mail: Coles Mastercard, GPO Box 40, Sydney NSW 2001
- Mobile App: Use the Coles Mobile Wallet App for account management and support.
