Title says it all. Probably the best value Coles Mastercard deal I've seen in awhile. Should still have the 15 months interest free on purchases noted in the following deal https://www.ozbargain.com.au/node/407732
Plus the usual 2 points per $1 spend anywhere or 3 points per $1 for the usual Coles partners.
Can convert 40k points into $200 worth of eBay vouchers, BCF gift cards, or Coles/Taget/Kmart/First Choice dollars off etc.
Looks like it could be targeted, check your email from Flybuys for the promotion.
Id probably hold the points and wait for what appears to be monthly Velocity Bonus transfers.