Credit Cards

The features listed on this page apply to new applicants only. Please see our existing customers page if you already have a Coles Mastercard.

To obtain a copy of the Target Market Determination (TMD) related to this product click here. 

Terms and conditions

Credit card criteria

Credit criteria, fees and charges, terms and conditions apply. Individuals must be 18+. Offers available to new customers only and is not available with any other offer.  

¹You will receive 40,000 Bonus Flybuys Points when you apply for a Coles Rewards Mastercard by 31 July 2022, are approved and then spend $3,000 or more on eligible retail purchases (excludes Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest, and ATM charges) in the first 90 days of being approved. Your Flybuys Membership Account number must be provided on your application to receive this offer. The 40,000 Bonus Flybuys Points will be credited to the Flybuys Membership Account linked to the Coles Rewards Mastercard within 4 weeks of meeting the spend criteria. Your Coles Rewards Mastercard needs to be in good standing for the Bonus Flybuys Points to be awarded. Points will be forfeited if you close your Account before we instruct Flybuys to credit them to your Flybuys Membership Account. Standard Flybuys terms and conditions apply and are available at  flybuys.com.au. 

²You will receive 20,000 Bonus Flybuys Points when you apply for a Coles No Annual Fee Mastercard by 31 July 2022, are approved and then spend $3,000 or more on eligible retail purchases (excludes Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest, and ATM charges) in the first 90 days of being approved. Your Flybuys Membership Account number must be provided on your application to receive this offer. The 20,000 Bonus Flybuys Points will be credited to the Flybuys Membership Account linked to the Coles No Annual Fee Mastercard within 4 weeks of meeting the spend criteria. Your Coles No Annual Fee Mastercard needs to be in good standing for the Bonus Flybuys Points to be awarded. Points will be forfeited if you close your Account before we instruct Flybuys to credit them to your Flybuys Membership Account. Standard Flybuys terms and conditions apply and are available at flybuys.com.au. 

³The total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate applies to balances transferred with this offer for a period of 36  months. The 36 months promotional period commences when the Balance Transfer is processed, and you must make the Balance Transfer request within 90 days from approval to receive this offer. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance will revert to the applicable Annual Percentage Rate for Cash Advances, currently 19.99% p.a. Please note you will not be entitled to any interest-free days on Retail Purchases at the end of the promotional period whilst you have a Balance Transfer. If you make a Retail Purchase before your balance transfer is processed, payments made during the promotional period will be applied to the Retail Purchase balance before the Balance Transfer.  This offer is valid until 30 June 2022. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice. This offer is not available when closing/transferring from another Coles Mastercard. For important information to consider before taking up a Balance Transfer, please click here for Balance Transfer information.

⁴ The interest free period applies to Retail Purchases, interest, fees and charges when you pay your full Closing Balance from your last statement by the Payment Due Date (excluding any Fixed Payment Option balance which isn’t due for payment by that Payment Due Date). No interest free period is available on Cash Advances or Balance Transfers. Please note you are not entitled to the interest free period whilst you have a Balance Transfer. 

⁵Your total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate applies to balances transferred with this offer for a period of 12 months. The 12 months promotional period commences when the Balance Transfer is processed, and you must make the Balance Transfer request within 90 days from approval to receive this offer. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance will revert to the applicable Annual Percentage Rate for Cash Advances, currently 19.99% p.a for a Coles Rewards Mastercard and Coles No Annual Fee Mastercard. Please note you are not entitled to any interest free days on Retail Purchases whilst you have a Balance Transfer. This means that all transactions will be charged interest at the applicable Annual Percentage Rate from the date of purchase. This offer is valid until 31 July 2022. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice. This offer is not available when closing/transferring from another Coles Mastercard. For important information to consider before taking up a Balance Transfer, please click here for Balance Transfer information.

Redeeming and earning Flybuys Points

*For the Low Rate Mastercard, Flybuys Points are earned on Coles Spend which means Eligible Transactions at Coles Supermarkets. For the No Annual Fee Mastercard and Rewards Mastercard, Flybuys Points are earned on eligible purchases which is an Eligible Transaction and 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. Both Coles Spend and Eligible Transactions are defined in the Coles Mastercard Rewards Terms and Conditions found at www.coles.com.au/mastercard-important-information.  The number of Flybuys Points awarded is calculated by reference to the Australian dollar amount of the transaction. Flybuys Points awarded for using a Coles Mastercard linked to your Flybuys Membership Account are in addition to Flybuys Points awarded by Flybuys partners and will  be allocated by Flybuys in accordance with the Flybuys terms and conditions found at  flybuys.com.au.

ᗮWhen you scan your Flybuys barcode you will collect 1 Flybuys Point per $1 spent at Coles, excluding purchases of all gift cards, iTunes cards, charitable donations, tobacco and tobacco-related products and Coles Online delivery fees. This point is independent of your Coles Mastercard. Standard Flybuys terms and conditions apply and can be found at  flybuys.com.au

Awards

^~The Canstar 5-Star Rating for Outstanding Value Rewards Credit Cards in 2020 and 2021 was awarded to the Coles Rewards Mastercard.