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

Terms and conditions

Credit card criteria

Spend and 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.

A credit check is performed each time you apply for a credit card. Credit reporting bodies make a record of these enquiries and this information may be used and disclosed for the purposes of assessing your credit worthiness, including your credit score and credit rating. For example, making multiple credit applications over a short period of time could have a negative effect on your credit score, as this may reduce your chances of approval.

¹To be eligible for the $250 Coles Gift Card offer, you must apply for a new Coles Rewards Mastercard by Tuesday, 30 June 2026, be approved, and spend $3,000 or more on eligible retail purchases within 90 days of account approval. Eligible retail purchases exclude Cash Advances, Balance Transfers, Special Promotions, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges, refunds and chargebacks. A $250 Coles Gift Card will be sent to you via email within 2 months of meeting the spend criteria provided that your account is open and in good standing (for example – your account is not in default, suspended or closed). Coles gift cards can be used for in-store purchases in all Coles Supermarkets nationwide. Coles gift cards are not redeemable on Coles Online, at Coles Express or at Liquorland. They are not redeemable for cash or payments of credit or store accounts. Gift cards cannot be used to purchase gift cards. Gift cards expire 4 years from the date of issue. Lost or stolen cards will not be replaced or refunded. This offer is not available when closing or transferring from another Coles branded credit card account or in conjunction with any other Coles branded credit card offer.

²Your 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 and a one-off Balance Transfer Fee of 3% of the Balance Transfer amount, which applies. The 12-month promotional period commences when the Balance Transfer is processed and you must make the Balance Transfer request when you apply for a new Coles Low Rate Mastercard to receive this offer. The Balance Transfer Fee of 3% of the Balance Transfer amount will be charged once your Balance Transfer is processed. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance and Balance Transfer fee will revert to the variable Annual Percentage Rate for Cash Advances, currently 20.74% p.a. for a Coles Low Rate Mastercard. This offer is valid until Tuesday, 30 June 2026. Post this advertised date, NAB reserves the right to continue, withdraw or change the offer at any time without notice.  This offer cannot be used in conjunction with any other offer and 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.

^*The Interest Free Period applies to Retail Purchases when you pay the Interest Free Days Payment in full by the Payment Due Date.

^oComplimentary insurance covers are provided to your Account by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (“Allianz”). AWP has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). NAB is the credit provider and issuer of Coles credit cards. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice. The terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the Coles Platinum Mastercard® Complimentary Insurance Policy Information Booklet which can be found at coles.com.au/mastercard-important-information and may be amended from time to time. Neither NAB nor any of its related corporations guarantee this insurance. For general enquiries call Allianz Global Assistance who issues and manages the Group Policy on behalf of Allianz.

Redeeming and earning Flybuys Points

³For 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 means for Eligible Transactions only. See the Coles Mastercard Rewards Terms and Conditions found at www.coles.com.au/mastercard-important-information full details and definitions. Earn rates are subject to change. The number of Flybuys Points awarded is calculated by reference to the Australian dollar amount of the transaction charged to your Account. Flybuys Points awarded for using a Coles Mastercard linked to your Flybuys Membership are in addition to Flybuys Points awarded by Flybuys Partners which are allocated by Flybuys in accordance with the Flybuys Terms and Conditions found at www.flybuys.com.au.