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100,000 Flybuys Points (=$500) in 1st 90 Days & 20,000 Points in 2nd Year on The Coles Rewards MasterCard with $99 Annual Fees

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100,000 Flybuys Points (=$500) in 1st 90 Days & 20,000 Points in 2nd Year on The Coles Rewards MasterCard with $99 Annual Fees
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Pdealeader on 01/10/2019 - 21:03 financialservices.coles.com.au (4897 clicks)
Last edited 22/10/2019 - 19:35 by 2 other users

Coles MasterCard is giving away 100,000 Flybuys points, yes you read that right! I think it is worth $500. The points are available on the condition of spending $3,000 in the first 90 days and has an annual fees of $99. Then another 20,000 Flybuys points in the 2nd year.

When you spend the $3,000 to get the points, you also earn an extra 2 Flybuys points per $1 spent, which is another 6,000 Flybuys points = $30.

Essentially, it's $530 up for grabs at the cost of $99 in the first 90 days net benefit of $430. Another $100 in the second year with another $99 fee. It's a great way to pay for a month's grocery!!

Issued by Citi.

Financial Coles Credit Card Reward Points

Related Stores

Coles Financial Services
Coles Financial Services

closed Comments

  • paraneoplastic on 01/10/2019 - 21:08
    +9
    • New customers who apply for a Coles Rewards Mastercard by 31 January 2020, enter their flybuys number in the application form and make purchases (excluding Cash Advances) to the value of $3,000 or more on the new Coles Mastercard in the first 3 months of the Account approval date will, within 3 weeks of meeting the required $3,000 spend, be credited 100,000 flybuys BONUS POINTS to the flybuys account linked to the Coles Mastercard. Plus, receive an additional 20,000 flybuys BONUS POINTS within 3 weeks of the first anniversary of Account approval date. Points will be forfeited if you close your Account before they appear in your flybuys account. The Account needs to be in good standing for the flybuys BONUS POINTS to be awarded. Standard flybuys Terms and Conditions apply, see flybuys.com.au. This offer cannot be used in conjunction with any other offer.

    It's only for 100,000 points & then after you pay fee for second year you get an additional 20,000

    So it ends up being ~ $450 in points - $100 yearly fee = $350 'profit'

    Paying the second year @ $99 is not worth it, as the 20k bonus is ~$90

    • maverick1 on 01/10/2019 - 21:13
      +1

      or 43,500 Velocity points without considering any usual 10 to 15% bonus on converting flybuys to Velocity…
      I think annually 138K flybuys can be transferred to Velocity per account..

      • paraneoplastic on 01/10/2019 - 21:15
        -3

        i think it's still a pretty decent deal, if you only keep it for 1 year. The zero international FX fee looks very enticing compared to my current travel card which has a $400 annual fee (but free return velocity flight - ANZ travel adventures)

    • urbancartel on 01/10/2019 - 21:16
      +1

      Isn't 100k points $500

      • paraneoplastic on 01/10/2019 - 21:17

        converted to velocity @ 2k=870 and then sold

        becasue technically coles shop money off isn't the 'cash' face value

        • jsb on 01/10/2019 - 22:16

          You can convert points to flybuys dollars and shop in kmart/coles/target. 2000 points equal 10 flybuys dollars which are equivalent to $10

          • NeverMissABargain on 02/10/2019 - 00:21
            +1

            @jsb: Considering 5% off discounted gift cards, I would say 2000 points equal to $9.5

          • paraneoplastic on 02/10/2019 - 01:20

            @jsb: equivalent =/= cash value.

            you cannot sell the $10 fly buy dollars for $10 AUD , at best you'd manage @ 10 - 15% off so either $8.5 AUD or $9 AUD.

            Hence why i said, $350 profit.

            • jsb on 02/10/2019 - 07:04

              @paraneoplastic: May be selling is an option for the those who never buy anything from kmart or target. For me using flybuys dollars at kmart/target has worked the best where 1 flybuys dollar = 1 AUD.

              • Bryanalves on 02/10/2019 - 08:01

                @jsb: But that's just you. Company gift cards are never worth $1 to $1. It forces you to spend in certain shops. So say ebay or Amazon or woolworths or big w has cheaper price but you are still forced to spend in kmart coles or target. Dont think these places even do price matching

          • Bryanalves on 02/10/2019 - 07:59

            @jsb: Buy thats not cash its just gift cards from a company. You need to convert to airline points to sell it to travel agents.

      • maverick1 on 01/10/2019 - 21:17

        I think OP needs edit the header…100K points for 99 and 120K points for 198…

      • singingwolf on 01/10/2019 - 21:18

        yeah

  • ck101 on 01/10/2019 - 21:10

    does not appear to have any exclusions for current customers either - so could cancel and reapply - happy to be corrected if i misread

    • krazek on 01/10/2019 - 21:17
      +2

      It's Citibank issued so i think it will have an 'unwritten' exclusion period from what I've been told

      • RedSky on 02/10/2019 - 18:53

        Does exclusion apply to any Citi cards, i.e. Citi Signature in the past 6 months?

  • firestint on 01/10/2019 - 21:15
    +2

    Other call outs - this card has no international transaction fees, has complimentary insurance. However, just be cautious that it's 100k points after meeting the $3k spend condition, then another 20k points "within 3 weeks of the first anniversary of Account approval date" (this is a bit cryptic, I read this as the first 3 weeks in year 2?)

    Full T&C here:
    New customers who apply for a Coles Rewards Mastercard by 31 January 2020, enter their flybuys number in the application form and make purchases (excluding Cash Advances) to the value of $3,000 or more on the new Coles Mastercard in the first 3 months of the Account approval date will, within 3 weeks of meeting the required $3,000 spend, be credited 100,000 flybuys BONUS POINTS to the flybuys account linked to the Coles Mastercard. Plus, receive an additional 20,000 flybuys BONUS POINTS within 3 weeks of the first anniversary of Account approval date. Points will be forfeited if you close your Account before they appear in your flybuys account. The Account needs to be in good standing for the flybuys BONUS POINTS to be awarded. Standard flybuys Terms and Conditions apply, see flybuys.com.au. This offer cannot be used in conjunction with any other offer.

    Tossing between this and ANZ's card (https://www.ozbargain.com.au/node/484271) as I'm looking for a card without international fees. Which one would you go for? 120k flybuys = 52,200 Velocity points.

    • knobbs on 01/10/2019 - 21:17
      +1

      You get a free return flight and 2x lounge passes with ANZ. Just came off that card, loved it. Especially for our RTW trip, earning points on FOREX spend is great

      • firestint on 01/10/2019 - 21:26

        What is the min credit limit for ANZ card?

        • knobbs on 01/10/2019 - 21:29

          $6k I believe, managed to max that in one statement in Norway

    • maverick1 on 01/10/2019 - 21:19

      points are tiered 100K points in the 1st yr…
      and other 20K on paying the 2nd year fee…

      • wfdTamar on 02/10/2019 - 06:12

        I had read that Mastercard foreign exchange rates are better than Visa.

    • IdBuyThat4aDollar on 02/10/2019 - 00:12

      Tossing between this and ANZ's card (https://www.ozbargain.com.au/node/484271) as I'm looking for a card without international fees. Which one would you go for? 120k flybuys = 52,200 Velocity points.

      Im wondering this too

      • firestint on 02/10/2019 - 16:46

        Have you decided?

        • IdBuyThat4aDollar on 02/10/2019 - 18:46
          +1

          Leaning towards this.

          The free flight and 2 lounge passes is nice, but I feel I would be using it just for the sake of using - and it would have to be in primary cardholders name. Then I'd have to pay for my wife's flight as well. And I don't really travel interstate much.

          So if I look at the value of fly buys points vs anz points, this is better as 1000 flybuys points = $5 and 1000 anz points = $4.6 something (off memory when I did the calculations - based on redeeming a coles gift card). Also this card gets you 2 pts per 1$, whereas the anz one is 1.5 pts per $1

  • idonteven on 01/10/2019 - 21:17

    Nice. I like the Coles Rewards Mastercard. Great for travel as there are no international transaction fees and the conversion rate is better than paying in cash whenever card payment is available.

  • BluBoy on 01/10/2019 - 21:17

    Also about 52,200 Velocity points for $99 (if you're into that sort of thing)…
    Plus another 2,610 Velocity points for the $3,000 spend requirments, or about 55,000 VFF points total.

    EDIT: Or with the info from /u/paraneoplastic, about 8,000 VFF points fewer if you do not renew the second year.

    • JohnHowardsEyebrows on 02/10/2019 - 05:56

      It's most likely a straight 50k Velocity points…because 15% bonuses are almost guaranteed.

      • bluedufflecoat on 02/10/2019 - 06:23

        Aside from the bonus 15% offerings in May / November (which may not be repeated), I've noticed that recent bonus offers have only been 10%.

  • pyr0maniac on 01/10/2019 - 21:22
    +10

    Any idea if 'new customers' excludes those that have a Coles No Annual Fee Mastercard?

    • mmcs on 01/10/2019 - 21:25

      I have the same question 🤔

    • ashftc on 01/10/2019 - 22:23

      Want to know this too

    • stickyfingers on 01/10/2019 - 22:45
      +1

      Wondering this too, I got a no-annual fee “Platinum” upgrade about 2 months ago but it’s still the same card, same points, just with Platinum written on it and bonus shitty Allianz insurance.

      I was looking to upgrade to the rewards card anyway so this would be a big plus. Assuming I can keep my old Latitude insurance (the bees knees).

      Edit: it’s considered an upgrade, not a new application so I wouldn’t be eligible. If I upgrade I could still keep my old insurance though.

    • Ayzc on 02/10/2019 - 16:22
      +2

      I spoke to them on the phone if you wanted to upgrade your no annual fee card to the rewards mastecard then you won't get the bonus points, but if you directly apply for the new card you will be eligible.

      • unity1 on 02/10/2019 - 18:27

        Can you still keep both cards?

        • Ayzc on 02/10/2019 - 18:28

          yeah you can keep both cards, she did say it might affect the outcome of the new card though. I applied anyway without cancelling the no annual fee

          • unity1 on 02/10/2019 - 18:30
            +2

            @Ayzc: Good to know. Keep us updated with how your application goes.

            • Ayzc on 10/10/2019 - 19:38
              +1

              @unity1: well I got rejected, after being screwed around for 8 days due to their shitty credit team constantly asking me for the same information over and over again. They told me I didn't "meet" their requirements and when I told them I did, they suddenly changed it to my credit score wasn't high enough even though it's above 700. What shit customer service

              • unity1 on 10/10/2019 - 19:41

                @Ayzc: Sorry to hear that. I think I might give this a miss then. I already hold the fee free Coles Mastercard. They'd probably do the same to me too.

      • nahkk on 05/10/2019 - 11:56

        Thanks for the update

  • atom1319 on 01/10/2019 - 21:32

    That's actually a pretty decent deal.

  • xinyi on 01/10/2019 - 21:34

    Having trouble signing up. Application gets stuck on second page where it asks for income. Used both Firefox and Chrome, maybe Oz-bargained?

    • vikramhkumar on 01/10/2019 - 22:36

      Same with me.. its definitely OZ Bargained!!

    • TwoDolla on 02/10/2019 - 03:58

      Same as well

    • ngsx on 02/10/2019 - 16:13

      The same problem here until I tried it on safari with my iPhone(welcome to 2009,right?).
      All good no dramas. Got my card on the way.

  • soan papdi on 01/10/2019 - 21:35
    +6

    I've been using this card for well over 7 years now and can confirm it's great. However with the move to Citi, it's become a little bit scammy. Citi keeps trying to email and call trying to get me to borrow at a low rate and pay it back slowly.

    Also note this from the T&C

    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, paymentsto other Citi accounts, bank
    fees and charges such as interest and ATM charges, transactions made
    using flybuys Points and government related transactions. Government
    related transactionsinclude transactions with government orsemi-
    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)

    Please note that whether or not a transaction is an Eligible Transaction
    will be determined based on information provided either by the
    merchant or the relevant financial institution (including information
    about the type of businessconducted by the merchant). This means
    that, for example,spend with certain merchants may be characterised
    as spend with a government related entity and therefore not an
    Eligible Transaction, even if that merchant is not in fact a government
    related entity

    • T-man on 01/10/2019 - 22:09

      Yeah, really annoying me specially they called me at 8pm. Also, it became ATO unfriendly when took over by Citi.

      • Clear on 01/10/2019 - 23:15
        +4

        I signed up after the Citi takeover and they were calling up my work directly wanting to speak to me and then making accusations that I was lying after work refused to put them through to me for not identifying. The kicker was that I was approved weeks prior.

        Customer service skills in their overseas call centre is a -1.

        • soan papdi on 02/10/2019 - 01:06

          I don't think this has anything with being an overseas call centre. Citi sets the rules, so they get the blame. Luckily my phone marks their calls as spam, so I don't even have to answer them. Yay!

    • kehuehue on 02/10/2019 - 02:23
      -1

      I got 3000$ to pay in two credit cards. Can I use this card to balance transfer and count in as the min spend?

      • starburstyellow on 02/10/2019 - 08:51
        +1

        No

        • kehuehue on 02/10/2019 - 11:53

          Why not? Never done a balance transfer before and the terms seem to indicate that would work. But on the other side, people would keep hopping around credit cards then. Just want to know, new to credit cards.

    • John Kimble on 02/10/2019 - 17:16

      Eligible transactions for what? What are you trying to inform us? Posting a snippet of the T+Cs without any clarification or context doesn't help anyone.

      • soan papdi on 02/10/2019 - 21:21
        +2

        Eligible transactions to earn Flybuys points. If you pay the ATO or your car rego with this card, it won't earn points. Spending on groceries or airline tickets will. Hope that helps

        • gadgetguy on 03/10/2019 - 10:24

          Thanks for the post it looks the same as the Virgin Velocity flyer T&C (also owned/managed by Citi). Do you have a link to where you found this please? I can't find it on the Coles site.

          • John Kimble on 03/10/2019 - 15:40

            @gadgetguy: It's at the bottom of the webpage linked in the deal. Point 1.

            • gadgetguy on 03/10/2019 - 21:10

              @John Kimble: Thanks. Same as Virgin Velocity Flyer then.

              The only way to be 100% sure you've met the spend is to message them afterwards and get written confirmation that your transactions have been classified as "eligible". That's what I did with Virgin.

  • EYarker on 01/10/2019 - 21:36

    Just wondering if I spend $4000 through ebay would this count?

    • soan papdi on 01/10/2019 - 21:39
      +1

      Don't see why not. Just don't spend it on gift cards. Citi will screw you over if they can

      • EYarker on 01/10/2019 - 21:44

        Ok, thank you

      • asian bargain hunter on 01/10/2019 - 21:53

        Just wondering what the problem would be if we spent the required amount on buying gift cards through eBay?

        • stickyfingers on 01/10/2019 - 22:48

          I’ve never had an issue buying gift cards with the eBay promotions using my no-annual fee card. I assume ggop means that Citi will try to say that it didn’t count as an eligible spend to get the bonus points when the promo closes if that’s what you used to meet the spend requirements.

  • murkywater on 01/10/2019 - 21:42
    +2

    Good card I had it for ages before.

    It doesn't have Android Pay which sucks.

    • EYarker on 01/10/2019 - 21:44
      +3

      Has apple and samsung pay

      • stickyfingers on 01/10/2019 - 22:51

        NO WAY. When did they get Apple Pay!? This is awesome news. I’m surprised they didn’t email me.

        Do you know if your shoppers protection still applies to Apple Pay purchases?

        Edit: Confirmed with Coles, the insurance will still apply.

      • Scantu on 01/10/2019 - 23:11

        Samsung pay fcking sucks

        • kehuehue on 02/10/2019 - 01:59

          Tell me about it. Missing apple pay heaps, its so much faster. Never had any issues with apple pay

          With samsung pay, you gotta swipe up, then finger print, then bring close to the reader
          Also failed one time for no reason

          • lordra on 02/10/2019 - 07:30

            @kehuehue: Try Google pay instead

          • Scantu on 02/10/2019 - 09:32

            @kehuehue: @kehuehue right on every count… so painful like my phone is unlocked I don't need to verify it is me again since I've unlocked it specifically to pay.

            @lordra go for it, get on the phone with Coles mastercard and convince them to use it. Cause you certainly can't right now

            • kehuehue on 02/10/2019 - 11:51

              @Scantu: its kinda weird that they decided to go for Samsung Pay but not google pay.

              Woolies dont support Samsung Pay either. Have to use my Latitude card for now :/

              • Scantu on 02/10/2019 - 13:06

                @kehuehue: Yeah probably some internal politics unfortunately. That sucks, I was going to cancel this card on the basis it doesn't have mobile payments, like seriously? I started using Samsung Pay before they announced that they were supporting it because in a last desperate attempt I typed it into the SS Pay app and it worked for some reason haha

  • Kooratz on 01/10/2019 - 21:43

    Is it better than 28 degrees?

    • BeerCrisp on 01/10/2019 - 21:46
      +1

      Yes, although not really in the same category as it does have the $99 fee, but more benefits than 28 degrees.

      • Kooratz on 01/10/2019 - 21:53

        thanks

      • T-man on 01/10/2019 - 22:11

        Coles MasterCard earns points and 28 degrees doesn’t.

        • Mokr on 01/10/2019 - 22:20

          28 degrees gave me a 50 dollar Myer voucher for spending 300 in a month.

          Also price protection.

          Flight delay insurance

          • firestint on 01/10/2019 - 22:29
            +1

            @Mokr: I spend $2k on average per month for the past 2-3 years and they've never given me any voucher :(

            • frugalbat on 02/10/2019 - 00:05
              +2

              @firestint: 28 degree have removed price protection for new customers

              • chocsyrup on 02/10/2019 - 00:13
                +1

                @frugalbat: I don’t think they have? I signed up about a week ago and included it in my signup. You have to add it separately though.

                • kehuehue on 02/10/2019 - 02:00

                  @chocsyrup: Can confirm, got it few months ago. Had the option to add it

    • wfdTamar on 02/10/2019 - 06:16
      +3

      Coles price protection has to be from the same seller. 28 degrees can be any seller.

      • lordra on 02/10/2019 - 07:31

        Does ebay count as a same seller, irrespective of which store I buy from? Eg Bing Lee or Good Guys?

        • wfdTamar on 02/10/2019 - 10:26

          I would presume it has to be the same eBay seller (for Coles card).

  • Safoan on 01/10/2019 - 21:47

    Anyone know if I can get account cover plus with this card. I have a no fee Coles card and use the 2 year price protection all the time and would not mind having another card to increase my annual limit.

    • ar7ist on 01/10/2019 - 21:49

      Which Coles card has 2 year price protection?

      • soan papdi on 01/10/2019 - 21:50

        Not sure about 2 years but the platinum card has price protection

        • ar7ist on 01/10/2019 - 21:55

          Just read it in T&C:
          Purchase Protection Insurance applies to covered items for ninety (90) days
          (other than in the circumstances listed below) after the date that the first
          part of the full purchase price (or the full purchase price) of the covered item
          is charged to your card account.

          I'm guessing 2 years was from a previous deal

    • unity1 on 01/10/2019 - 21:52

      I don't think Citibank will allow you to have 2 of the same type of credit card

      • starburstyellow on 02/10/2019 - 08:53

        Yes you can. I have had previously held both citibank signature and virgin high flyer (also issued by citibank).

        And also a citibank signature and Qantas premier card.

        Both at the same time.

        • unity1 on 02/10/2019 - 09:15

          Yes, but that's not the same as having 2 Coles Mastercards, and also may not qualify for the points if you already hold an existing Coles Mastercard.

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