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50,000 Flybuys bonus points with the Coles Rewards Mastercard
Card Overview
The Coles Rewards Mastercard is offering 75,000 Flybuys bonus points plus 0% p.a. on Balance Transfers for 6 months for new cardholders. Plus a number of good value features and flexibility in how you can redeem your points. The card also offers no international transaction fee on purchases when shopping online or overseas.
Key Attributes
75,000 Flybuys bonus points, when you spend $3,000 on eligible purchases within 90 days from approval
flybuys points are transferrable to Velocity points
Combined flybuys and credit card
No international transaction fee on purchases, when shopping online or overseas
Apple Pay & Samsung Pay Support
2 flybuys per $1 on eligible spend up to $3,000 per statement period
0% p.a. for 6 months on Balance Transfers. Reverts to Cash Advance rate thereafter.
Annual Fee: $99 p.a.
Offer available to new customers only and excludes cash advances and cash equivalents
Coles is offering 50,000 Flybuys bonus Points for new cardholders of the Coles Rewards Mastercard who apply by 31 July 2024.
The Coles Rewards Mastercard is a no-frills card designed for the everyday shopper—there are no travel perks such as lounge access — as it’s a supermarket-branded card after all.
However, when it comes to standalone Visa/Mastercard credit cards that earn points into flexible points programs with decent points earn rates, the options are very limited, and the Coles Rewards Mastercard deserves to be considered for its relatively low annual fee, a solid points earn rate from spend, and no international transaction fee on purchases when shopping online or overseas.
This makes the card appealing to points collectors looking for a solid Visa/Mastercard with a number of good value features and flexibility in redeeming points.
In particular, Flybuys’ tie-up with Velocity makes this card appealing for those interested in frequent flyer points, especially with the reasonable ongoing annual fee of $99. The card makes an appearance on both our highest earning Velocity credit cards guides.
Flybuys can be transferred to Velocity for cheap Virgin Australia Business Class redemptions
Digging into the details
Card Details
Card
Coles Rewards Mastercard
Loyalty Program
Flybuys
Points earned from spend
2 Flybuys points per $1 spent on eligible purchases up to $3,000 per month
Earning Flybuys points with the Coles Rewards Mastercard
You’ll collect 2 Flybuys points for every $1 on eligible spend up to $3,000 per statement period. This is equivalent to a 1 cent discount on groceries or when redeemed for gift cards.
If you choose instead to transfer Flybuys points to Velocity, you’ll pick up 500 Velocity Points for every 1,000 Flybuys points transferred.
Reduced to a point per $1 earn rate, this equates to 1 Velocity Point per dollar, and you can transfer Flybuys points to Velocity at any time you choose, just keep in mind the points increments and limits apply.
In my experience points from purchases show almost instantly in my Flybuys account as a daily sweep the day after purchases clear, rather than a monthly sweep which makes it easier to access the points for a redemption more quickly without having to wait.
Combined Flybuys and credit card
Not so much a feature of the account, but a nifty convenience. Your credit card comes with your Flybuys barcode printed on the back, so one less card to carry around in your wallet.
Insurances and interest fee period on purchases
Another feature of the Coles Rewards Mastercard is the included limited Purchase Protection Insurance, which covers items you buy with your card in case they are lost, stolen or damaged. It also comes with Transit Accident Insurance and Extended Warranty Insurance. You’ll need to read the PDS yourself to assess its suitability for you.
The card also offers up to 55 days interest-free on purchases, inline with most cards in Australia.
Note that you can’t use this card for business purposes
The Conditions of Use for the Coles Rewards Mastercard does state clearly that points won’t be earned for transactions deemed to be partially or wholly for business purposes as this is a card targeted at consumers for personal use.
Apple Pay & Samsung Pay Support
Coles Mastercards support Apple Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments.
Read the Point Hacks guide to using Apple Pay or for using Samsung Pay, including instructions on how to add your card to those services.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your card, even if your physical card is lost or stolen and pending replacement.
Summing up: Coles Rewards Mastercard
If you’re not in need of travel benefits such as lounge access from a Visa / MasterCard, and want to use a card that offers a solid rate of return in points from your day to day spend, the Coles Rewards Mastercard can make a fantastic addition to your wallet and offer you a solid alternative to the big bank offerings.
This is especially true for overseas transactions where the lack of international transaction fee on purchases when shopping online or overseas could save a significant amount, whilst still earning your points.
And on top of that, Flybuys are becoming an increasingly valuable currency that can be used for a vast range of redemptions, including your groceries, for Flybuys travel, gift vouchers and, of course, for transfers to Velocity.
Terms and conditions
Terms and conditions and exclusions apply.
50,000 Flybuys bonus points with the Coles Rewards Mastercard was last modified: November 25th, 2025 by
Community Comments
Just got an email today from Coles saying international transaction fees will be introduced:
We are increasing the International Transaction Fee for Retail Purchases and Cash Advance transactions to 3.00%. The International Transaction Fee Waiver is being removed on the Coles Rewards Mastercard and Coles Rewards Platinum Mastercard.
This will apply from the 1st of July. Good time to review the article and see if the sentiment is the same for the card.
Just read the notice tonight aswell. Cards gone to trash now. It was my daily and travel card. Went down hill when NAB took over it from Citi.
If I read it correctly, the 2 flybuys/dollar earn could even be earnt spending at Woolies, not just Coles/Group?
Decent points earn if combined with Onepass.
What is the minimum period of time before you can reapply for this card to get a signup bonus? Is it 12 months? Please could you link to this information somewhere now that it is run by Citi.
I’m surprised there’s no mention of the price protection insurance here – I’ve easily made several hundred dollars from this and the insurance costs nothing if you pay off the balance before the statement is generated each month. Essentially, if something you’ve bought reduces in price at that same retailer you can claim the difference back within 2 years of the date of the purchase – 2 years! Use pricehipster.com to track prices and you’re set!
That sounds like a great benefit! I have done some research and cannot seem to find any mention of price protection, only purchase protection in the terms and conditions. Can you point me in the right direction?
I got this email from them, are people still getting points for tax?
Eligible Transaction means any purchase excluding (but not limited to)
Cash Advances, Balance Transfers, Special Promotions, BPAY payments,
purchases of foreign currency and travellers cheques, transactions made
in operating a business, payments to other Citi accounts, bank fees and
charges such as interest and ATM charges, transactions made using
flybuys Points and government related transactions. Government related
transactions include transactions with government or semi government
entities, or relating to services provided by or in connection with
government (for example but not limited to transactions made at
Australia Post, payments to the Australian Taxation Office, council
rates, motor registries, tolls, parking stations and meters, fares on
public transport, fines and court related costs).
I didn’t read the new term and condition on eligible transactions – I just missed out on thousand of points as I just paid my water bill, council rate, electricity bill etc. I used to get points for all these before.
Is there any indication that Coles MasterCard will run another velocity gold status promo? Currently holding off for another gold status opportunity. May not be worthwhile if this looks unlikely to happen again (especially with the upcoming changes)
This card is being taken over by Citi and from March will charge international transaction fees as well as round down each transaction reducing the points earn.
I would no longer recommend this card as there are better alternatives regardless if you are after cash back, Velocity points or want to earn points on international spend without a fee.
It is also not clear if the current benefit of free Coles online delivery for purchases over $100 will stay.
What would be a better alternative? Ive just signed up and realised the changes coming from March. Ive got an ING everyday account that has no international fees (no ff points either) and a Amex Qantas Ultimate. Just got this for the MC/Visa back up and to put some points in to velocity when there are the 15% bonuses.
It depends on what you want.
For points domestically:
I recommend the ANZ Black card which comes with no annual fee in the first year and 75k Qantas/37.5k Virgin Velocity points bonus
Airline Earn Rate: 1pt/$ (up to $5k (VA) or $7.5k (QF)/statement)
For points on international spend: (No International transaction fees)
I recommend the ANZ Reward Travel Adventures which comes with a 40k bonus Virgin Velocity points. The $225 annual fee is offset by a free return flight and 2 Virgin lounge passes.
Airline Earn Rate: 0.75pt/$ (Velocity up to $2k/statement)
If you spend more than $2k/statement on international transaction fees the other cards to consider are the:
+ CBA Diamond Amex 1.5VA pts/$ (High fee which may be waived for home loan custoemers, good travel insurance)
+ Bankwest World Mastercard 0.66 QF pts/$ ($270 fee offset by unlimited lounge access)
+ Qantas Cash prepaid currency cards 1.5QF pts/$ (poor exchange rate)
+ Virgin Velocity Prepaid Global Wallet 2VA pts/$ (poor exchange rate)
Website still says no fees for international transactions. What date do you expect this will change?
Hi, looking at signing up for the Coles MasterCard if another 3 month gold status arises. But I hold a virgin money card also owned by Citi. Is this going to mean i would be ineligible for the bonuses (gold status and 20,000 flybuy points)?
Did we anyone receive the velocity gold status with the flybuys promotion on this card. I was approved on 27th November but haven’t seen any change to my velocity status. I have an upcoming travel on 23rd Dec , fingers crossed.
I wasn’t going to apply until I knew about this. Any promo codes or perks to click through before sigining up?
Right now its only 2000 bonus points, missed out on that 20000 bonus points!
Wonder if they run these regularly? Or when will the next big bonus come?
I’m not currently seeing any bonus points offer but, yes, this card tends to run a 20,000 flybuys points bonus offer every few months, so you may want to hold out for the next one.
Thanks Matt.
Hopefully it comes soon!
I got an special offer on my coles app. Spend $3000 in 3 months get 30,000 flybuy points. Is this a better deal than what I got?
Sounds like you received a higher bonus points offer but need to spend much more to trigger it. The current offer (as of September 2017) offers 20,000 bonus points after making just one purchase within the first 30 days. It’s up to you!
I use this card to pay my child maintenance payments and earn flybuys points in these. Most other cards have limited or no points for Australian government transactions. If you are a flybuys member there are also lots of extra points deals offered at Coles, Coles Express, Kmart, Target & Shell which really make your points take off. Also, I was recently gifted a temporary Velocity Gold membership
Hi just received my approval for the Coles Platinum Mastercard, just wondering from an overseas points earning capacity am I better to use this card with no overseas transaction fees (a saving of around 3%) or use my NAB rewards card or Citi Prestige of which both charge 3 to 3.4% fees. I think the Coles card would return 1 velocity point per $ if combined with the 15 % transfer from flybuys to velocity deals they have at times. Nab rewards would return around 1.725 Velocity with bonus and city around 1.5 less o/s fees. Is this correct.
Wouldn’t it be right to say that this card would still be of great benefit if you are in need to travel (as opposed to the conclusion) simply because of it doesn’t charge international transaction fee on purchases? I used to have both the Coles Rewards MasterCard and 28 degrees MasterCard, but since Coles Reward MasterCard did away with the international transaction fee on purchases, and 28 degrees started to charge ATM withdrawal fees overseas, I got rid of the 28 degrees card as there is no advantage of having both, as I was going to keep the Coles one anyway, and I also earn point with it for overseas purchases. I see this as a huge reason for getting/ keeping this card.
Points already in your Velocity frequent flyer account shouldn’t be affected. Take note though that the Coles Rewards Mastercard earns flybuys points so make sure to transfer all the points to Velocity first before cancelling.
On the Coles card you will get some points but there is a cost above cards like 28 degrees credit card or Citbank plus debit card.
For the Coles Card
For most merchants, if you pay charges in Aus Dollars you usually get a less than optimum exchange rate.
If you pay in local overseas currency you pay
Cross-border assessment fee:
0.8% of the transaction amount when you withdraw cash from an ATM outside Australia or when you make a purchase or cash advance at international merchants in a currency other than AUD.
Currency conversion assessment fee:
0.2% of the transaction amount when you withdraw cash from an ATM outside Australia or when you make a purchase or cash advance at international merchants in a currency other than AUD.
If you apply through your flybys account you have the option of $100 off OR 20,000 bonus points! I opted for the points, although I thought I applied for the ‘no annual fee’ card (only 1 point per dollar) but I was sent the Platinum Rewards card? Wondering if the $89 fee is worth double points or if I call and change the card before I activate?
Just got an email today from Coles saying international transaction fees will be introduced:
We are increasing the International Transaction Fee for Retail Purchases and Cash Advance transactions to 3.00%. The International Transaction Fee Waiver is being removed on the Coles Rewards Mastercard and Coles Rewards Platinum Mastercard.
This will apply from the 1st of July. Good time to review the article and see if the sentiment is the same for the card.
Yep. Earn rate also caps out at $8,000/mth now. It has eroded even further – this is the absolute end of the line for this card.
Just read the notice tonight aswell. Cards gone to trash now. It was my daily and travel card. Went down hill when NAB took over it from Citi.
If I read it correctly, the 2 flybuys/dollar earn could even be earnt spending at Woolies, not just Coles/Group?
Decent points earn if combined with Onepass.
That’s right, you earn 2 points per dollar on all transactions under the monthly cap.
the title says the annual fee is waived n the first year but I don’t think that’s true?
What is the minimum period of time before you can reapply for this card to get a signup bonus? Is it 12 months? Please could you link to this information somewhere now that it is run by Citi.
I’m surprised there’s no mention of the price protection insurance here – I’ve easily made several hundred dollars from this and the insurance costs nothing if you pay off the balance before the statement is generated each month. Essentially, if something you’ve bought reduces in price at that same retailer you can claim the difference back within 2 years of the date of the purchase – 2 years! Use pricehipster.com to track prices and you’re set!
That sounds like a great benefit! I have done some research and cannot seem to find any mention of price protection, only purchase protection in the terms and conditions. Can you point me in the right direction?
I got this email from them, are people still getting points for tax?
Eligible Transaction means any purchase excluding (but not limited to)
Cash Advances, Balance Transfers, Special Promotions, BPAY payments,
purchases of foreign currency and travellers cheques, transactions made
in operating a business, payments to other Citi accounts, bank fees and
charges such as interest and ATM charges, transactions made using
flybuys Points and government related transactions. Government related
transactions include transactions with government or semi government
entities, or relating to services provided by or in connection with
government (for example but not limited to transactions made at
Australia Post, payments to the Australian Taxation Office, council
rates, motor registries, tolls, parking stations and meters, fares on
public transport, fines and court related costs).
Hi Alan,
I didn’t read the new term and condition on eligible transactions – I just missed out on thousand of points as I just paid my water bill, council rate, electricity bill etc. I used to get points for all these before.
With Citibank taking over this card from 5 March, is there now a points cap? I couldn’t find one in the new T&C’s.
Nope, we don’t see anything about a points cap!
Is there any indication that Coles MasterCard will run another velocity gold status promo? Currently holding off for another gold status opportunity. May not be worthwhile if this looks unlikely to happen again (especially with the upcoming changes)
I don’t have any information on future status promotions at this stage.
This card is being taken over by Citi and from March will charge international transaction fees as well as round down each transaction reducing the points earn.
I would no longer recommend this card as there are better alternatives regardless if you are after cash back, Velocity points or want to earn points on international spend without a fee.
It is also not clear if the current benefit of free Coles online delivery for purchases over $100 will stay.
What would be a better alternative? Ive just signed up and realised the changes coming from March. Ive got an ING everyday account that has no international fees (no ff points either) and a Amex Qantas Ultimate. Just got this for the MC/Visa back up and to put some points in to velocity when there are the 15% bonuses.
It depends on what you want.
For points domestically:
I recommend the ANZ Black card which comes with no annual fee in the first year and 75k Qantas/37.5k Virgin Velocity points bonus
Airline Earn Rate: 1pt/$ (up to $5k (VA) or $7.5k (QF)/statement)
For points on international spend: (No International transaction fees)
I recommend the ANZ Reward Travel Adventures which comes with a 40k bonus Virgin Velocity points. The $225 annual fee is offset by a free return flight and 2 Virgin lounge passes.
Airline Earn Rate: 0.75pt/$ (Velocity up to $2k/statement)
If you spend more than $2k/statement on international transaction fees the other cards to consider are the:
+ CBA Diamond Amex 1.5VA pts/$ (High fee which may be waived for home loan custoemers, good travel insurance)
+ Bankwest World Mastercard 0.66 QF pts/$ ($270 fee offset by unlimited lounge access)
+ Qantas Cash prepaid currency cards 1.5QF pts/$ (poor exchange rate)
+ Virgin Velocity Prepaid Global Wallet 2VA pts/$ (poor exchange rate)
Website still says no fees for international transactions. What date do you expect this will change?
Hi, looking at signing up for the Coles MasterCard if another 3 month gold status arises. But I hold a virgin money card also owned by Citi. Is this going to mean i would be ineligible for the bonuses (gold status and 20,000 flybuy points)?
Holding the Virgin Money card should not mean you are ineligible for the sign-up bonus for the Coles Rewards Mastercard.
Did we anyone receive the velocity gold status with the flybuys promotion on this card. I was approved on 27th November but haven’t seen any change to my velocity status. I have an upcoming travel on 23rd Dec , fingers crossed.
Hi is there supplementary cards available for this credit card? Increase points earning for everday shop with mastercard.
Yep, you can get an additional card for free. More info here.
Thanks Matt!
I wasn’t going to apply until I knew about this. Any promo codes or perks to click through before sigining up?
Right now its only 2000 bonus points, missed out on that 20000 bonus points!
Wonder if they run these regularly? Or when will the next big bonus come?
I’m not currently seeing any bonus points offer but, yes, this card tends to run a 20,000 flybuys points bonus offer every few months, so you may want to hold out for the next one.
Thanks Matt.
Hopefully it comes soon!
I got an special offer on my coles app. Spend $3000 in 3 months get 30,000 flybuy points. Is this a better deal than what I got?
Sounds like you received a higher bonus points offer but need to spend much more to trigger it. The current offer (as of September 2017) offers 20,000 bonus points after making just one purchase within the first 30 days. It’s up to you!
I use this card to pay my child maintenance payments and earn flybuys points in these. Most other cards have limited or no points for Australian government transactions. If you are a flybuys member there are also lots of extra points deals offered at Coles, Coles Express, Kmart, Target & Shell which really make your points take off. Also, I was recently gifted a temporary Velocity Gold membership
It’s been 3 weeks since I got the card and made a few transactions but yet to receive the FlyBuys points.
Hi just received my approval for the Coles Platinum Mastercard, just wondering from an overseas points earning capacity am I better to use this card with no overseas transaction fees (a saving of around 3%) or use my NAB rewards card or Citi Prestige of which both charge 3 to 3.4% fees. I think the Coles card would return 1 velocity point per $ if combined with the 15 % transfer from flybuys to velocity deals they have at times. Nab rewards would return around 1.725 Velocity with bonus and city around 1.5 less o/s fees. Is this correct.
Hi Chris,
You might get more responses if you post this in our Questions section where many others will be able to answer.
Cheers!
Wouldn’t it be right to say that this card would still be of great benefit if you are in need to travel (as opposed to the conclusion) simply because of it doesn’t charge international transaction fee on purchases? I used to have both the Coles Rewards MasterCard and 28 degrees MasterCard, but since Coles Reward MasterCard did away with the international transaction fee on purchases, and 28 degrees started to charge ATM withdrawal fees overseas, I got rid of the 28 degrees card as there is no advantage of having both, as I was going to keep the Coles one anyway, and I also earn point with it for overseas purchases. I see this as a huge reason for getting/ keeping this card.
Thanks Gary – I agree, and that point wasn’t the intention of that line in the conclusion. I have updated.
Keith, do you know if any Velocity points earned (including the bonus points) will be forfeited if the card is cancelled?
Hi Brigette,
Points already in your Velocity frequent flyer account shouldn’t be affected. Take note though that the Coles Rewards Mastercard earns flybuys points so make sure to transfer all the points to Velocity first before cancelling.
On the Coles card you will get some points but there is a cost above cards like 28 degrees credit card or Citbank plus debit card.
For the Coles Card
For most merchants, if you pay charges in Aus Dollars you usually get a less than optimum exchange rate.
If you pay in local overseas currency you pay
Cross-border assessment fee:
0.8% of the transaction amount when you withdraw cash from an ATM outside Australia or when you make a purchase or cash advance at international merchants in a currency other than AUD.
Currency conversion assessment fee:
0.2% of the transaction amount when you withdraw cash from an ATM outside Australia or when you make a purchase or cash advance at international merchants in a currency other than AUD.
Shame they have gone with Citi. The sticker thing is clever, but it isn’t really a replacement for Android/Apple Pay
If you apply through your flybys account you have the option of $100 off OR 20,000 bonus points! I opted for the points, although I thought I applied for the ‘no annual fee’ card (only 1 point per dollar) but I was sent the Platinum Rewards card? Wondering if the $89 fee is worth double points or if I call and change the card before I activate?