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4000 Bonus Flybuys Points on $250 Coles Mastercard Gift Cards ($7 Purchase Fee Applies) @ Coles (In-Store Only)

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4000 Bonus Flybuys Points on $250 Coles Mastercard Gift Cards ($7 Purchase Fee Applies) @ Coles (In-Store Only)
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PbigcheeseNZ on 28/08/2024 - 17:12 coles.com.au (2935 clicks)
Last edited 28/08/2024 - 17:38 by 1 other user

Upcoming Gift Card deal from Coles - 4000 Bonus Flybuys Points on $250 Coles Mastercard Gift Card ($7 Fee Applies)

Valid: Wed 4th September - Tue 10th September 2024
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Limit 5 Gift Cards per Flybuys account. Offer valid from 4/9/24 to 10/9/24 and only available in store at Coles Supermarkets (excludes Coles Online, Coles Express and purchases via giftcards.com.au), subject to store availability. Excludes $50 and $100 Coles Mastercard Gift Cards. To qualify for this offer you must present your Flybuys card at the time of purchase. While stocks last, no rainchecks. BONUS POINTS can be awarded more than once for each Gift Card type including different denominations of the same Gift Card but can only be collected up to 5 times per Flybuys account. Gift Cards can't be used to purchase other Gift Cards at Coles. Standard Flybuys terms and conditions apply and are available at Flybuys.com.au. Coles Mastercard gift cards are issued by Heritage and People's Choice Limited trading as Heritage Bank ABN 11 087 651 125, AFSL/ACL No. 244310 pursuant to a license from Mastercard International Incorporated. For Coles Mastercard Gift Card Terms of Use and Conditions, go to www.colesmastercardbalance.com.au.

Any questions, please refer to the Gift Cards FAQ. It has FAQs covering gift card deals at Coles, as well as Coles Mastercard gift cards.

Other Gift Card InComm MasterCard Prepaid Card Reward Points

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closed Comments

  • xyron on 28/08/2024 - 17:14
    +7

    Putting aside the bonus points, I cannot for the life of me think of a legitimate reason for these products to exist. Just put 5 pineapples in a greeting card like the old days.

    • ATangk on 28/08/2024 - 17:19
      +15

      Good for credit card spends

    • belesci on 28/08/2024 - 17:22
      +15

      Always get it for my ato.

      • Jstrrrr on 28/08/2024 - 20:48
        +6

        At max $250 each, some will literally need hundreds if not thousands of these for ATO. Will be scratching the pin windows til fingers bleed LOL

        • Poor Ass on 29/08/2024 - 08:53
          +1

          I think most people use a coin

          5c or 10c works best

        • BargainBenno on 29/08/2024 - 11:50

          Oh there is probably a machine you can get that does it for you. Or else maybe there is something like acetone that will dissolve the scratch covering.

    • abs898 on 28/08/2024 - 17:33

      Works for all bills

    • shane23 on 28/08/2024 - 17:50
      +2

      so you don't put your credit card details online.

      • nikoris on 02/09/2024 - 20:03
        +3

        2004 called and it wants it's phobias back

      • magic8ballgag on 04/09/2024 - 07:44
        +1

        Mum, what are you doing on here?

    • Fish and Grits on 28/08/2024 - 18:00
      -1

      Because cash is a PITA

    • JIMB0 on 28/08/2024 - 18:16
      +7

      Some people like to use them on dodgy porn sites where you don't want to use your actual credit card for various reasons.

      • JohnHowardsEyebrows on 28/08/2024 - 23:36
        +1

        You read somewhere, I trust. ;)

        • blighst on 29/08/2024 - 16:23
          +3

          Nah done it myself

      • 2024 on 31/08/2024 - 02:31
        +4

        People pay for porn?
        Surely those people are not on this site?

        • RAMRAM on 02/09/2024 - 23:23

          lol

    • capslock on 28/08/2024 - 19:02

      Money launderers

      • donman92 on 30/08/2024 - 11:03
        +2

        money laundering wouldn't exist if the govt didn't keep stealing my money.

    • jrg on 28/08/2024 - 19:07
      +8

      So your significant other doesn't see Onlyfans on your bank statement

    • BargainBenno on 29/08/2024 - 11:49

      To hand out as prizes

    • mistercheap on 07/09/2024 - 15:30
      +1

      I know this is late but I use these when I buy crap off Aliexpress. Just set it up on PayPal and use the split payment to buy an item. I refuse to use my bank account with Aliexpress as it has been know have some dodgy people who try to access your bank account.

      • boomlogical on 20/09/2024 - 16:34

        Do the Visa ones work on Paypal?

  • RichardF89 on 28/08/2024 - 17:18
    +13

    4000 points is roughly $20 so 1-($250+$7)/($250+$20)=4.8% off

    • belesci on 28/08/2024 - 17:23
      +2

      4250 points

      • Neoika on 28/08/2024 - 17:25
        +4

        4257 points per card.

      • xyron on 28/08/2024 - 17:26
        +5

        so closer to 5.2% off then (assuming you would ordinarily shop at coles to both get to the next 2000 point interval and redeem $10 off a shop at coles).

        • wesman on 02/09/2024 - 22:50
          -1

          5.556% as shown below. Cheers

    • Jstrrrr on 28/08/2024 - 17:33
      +20

      I think the correct math is:

      1-(250+7-20)/250=0.052=5.2% off

      Not counting the "usual" FB points you would've gotten and not counting the credit card points you would've gotten: the "usual" FB points are probably similar to what you would've gotten by spending a "normal" point-earn Mastercard later instead of this prepaid no-point card; the usual credit card points for shopping at Coles is unpredictable depending on the card you usually use.

      So around $12 gain per $250 card you can find. Max find is 5. So max gain is $60. Time spent = buy the card + luck of having 5 $250 cards + activate each card + track them later to use each one = result: you gotta be pretty time rich and job poor to do this.

      • s12321 on 29/08/2024 - 06:23

        so coles has done a calculation, as we calculated here

        $100 card 1-(100+5-10)/100=0.05=5% off
        $250 card 1-(250+7-20)/250=0.052=5.2% off

        trend to no more 10% discount?

      • wesman on 02/09/2024 - 11:45
        +7

        Unfortunately this is also incorrect but is commonly miscalculated.

        The actual correct maths - for a $250 card - and ignoring additional variables like credit card points earned on spending $257, is as follows:

        Total cost: 250+7=257
        Total FB points: 4257
        Assuming $10 per 2000 points this works out to: (4257x10)/2000 = $21.28
        Add this to the $250 intrinsic value of the card: $271.28

        Now deduct from that the total cost of $257 and you get : 271.28-257=$14.28

        Now divide the net benefit 14.28 by the total cost 257 and you get 0.05556 or 5.556%

        :-)

        • AsukaST on 02/09/2024 - 23:12
          +4

          I disagree.
          It's 10% off when you pay $90 for a product value of $100, = 1-(90/100)
          Now applies the same equation here.
          You pay $257 for a total product value of $271.28, = 1-(257/271.28) = 5.26% off

          • wesman on 03/09/2024 - 09:04

            @AsukaST: Sorry but you’re incorrect. I have supplied the correct computation above.

            • Jstrrrr on 09/09/2024 - 11:41
              +1

              @wesman: Hi, Wesman. I think you made a conceptual error.

              Your error was: you treated the redemption VALUE of the FB points the same as the acquisition COST of those FB points.

              In calculating a discount deal, you can only sensibly use the formula: discounted COST divided by Original COST.

              Using "benefit" or "value" as the denominator would mean that, for example, buying an Epipen for $100 that eventually is used to save your life, let's say, worth $20M, would be a 99.999% off deal. That wouldn't be how a savings discount would normally be calculated.

              To my knowledge, there is no way to purchase FB points as a stand alone product. You cannot go to Coles, and buy 4000 FB points for $20. Therefore, you cannot put the $20 FB Value into the denominator.

              However, there is a way to apply the FB points to the purchase cost. A simple $20 deduction. I accept, of course, that the deduction can only apply to the "next" purchase - which means, in theory, you can at least purchase the five $250 MC cards in separate transactions and obtain that deduction for at least 4 of them.

              So, in conclusion, due to the asymmetry of FB points:
              1. Can't buy the 4000 FB for $20, so can't apply it to the "original cost" denominator
              2. Can, with qualifier, apply the 4000 FB to the "discounted cost" numerator.

              Saving, is 5.2%, as we traditionally understand the concept of "saving" when purchasing a product.

              Value, is an entirely different matter. As a fellow AFF user, I am sure you would base value on (discounted) J class products instead of "cash off" at Coles.

          • wesman on 03/09/2024 - 09:42
            -7

            @AsukaST: Your maths above for your example is also incorrect – if you pay 90 for a 100 value then the benefit is 10. Therefore the net return is calculated as 10/90 which equals 11.1111%. Not 10%. You’re welcome.

            • wesman on 03/09/2024 - 10:48
              -4

              @wesman: Lol. A downvote because you’re wrong. Reality hurts sometimes - live with it and learn from it

            • CodeXD on 03/09/2024 - 11:10
              +7

              @wesman: I think you're both talking about different things.

              When a shop has 10% off an item, and I buy something that was $100 it drops down to $90. I got this item for 10% off.

              We are looking for the same calculation for these giftcards, at the most basic and fundamental level. Not looking for the 'net return'.

              • wesman on 03/09/2024 - 21:48
                -5

                @CodeXD: Cheers mate. I’ve never been one to compromise correct for “easiest to understand”. Any moron can work out a discount. However, if one is talking about % return - as a number of people on this thread have been - then only the correct logic (and hence calculations) will suffice. Just because some people are too dim to understand or think through that, it doesn’t make the logic incorrect. Anyway, as I mentioned above it’s actually more than 5% if one has a decent card to buy the Coles Mastercards on - my Amex Centurion Card rewards 2.5x the dollar spend so that alone adds a decent bonus to the 5.56% base.

                • Jstrrrr on 09/09/2024 - 11:56

                  @wesman: I can see that you are a fellow points hacker with a likely multi-million points balance. But I do think you are wrong here, unfortunately.

                • highwind on 09/09/2024 - 12:21

                  @wesman: From a mathematics POV, both ways of calculating are fine, but are looking at different things. A more extreme example:
                  Buying something worth $100 for $60.

                  Saving/discount view: 40% off ($100-$60)/$100
                  Profit/ROI view: 66.7% more value ($100-$60)/$60

                  Normally OzB deals with products with no set intrinsic value, hence would use the savings/discount view.

                  In this case, because both sides of the equation are cash or cash equivalent, you can also consider it an investment, hence profit/ROI view is also valid.

          • Imnuts7 on 07/09/2024 - 22:06
            +1

            @AsukaST: For those confused, one guy is talking about net gain in value, while the other is talking about net discount. 1/(1+0.5556) = 5.26% off.

            • Jstrrrr on 09/09/2024 - 11:44

              @Imnuts7: Yes. Except using "value" in calculations open up a can of worms. Water is cheap, but invaluable when stranded in the Sahara. Discount is what OzB should usually deal with.

  • BennyHe2018 on 28/08/2024 - 17:22
    -1

    Their balance check website is down at the moment….

    • bloomer on 28/08/2024 - 17:30
      +7

      You might find it is blocking your IP address. Happened to me recently. Try on a different network.

      • snappy1234 on 28/08/2024 - 17:39
        +2

        And try a different browser also.

    • Poor Ass on 28/08/2024 - 20:04
      +1

      Use incognito fixed it for me

  • test8888 on 28/08/2024 - 17:26
    +6

    foresee:
    Tue night, full stock $250 / $100 on shelf;
    Wed after 8am - NONE $250 on shelf, a few at counter by luck, still heaps $100.

    • yht on 28/08/2024 - 17:41
      +1

      A limit of 5 per member will deter people from buying like crazy

      • Slo20 on 28/08/2024 - 17:48
        +6

        Not when some people have many flybuy accounts. A few users on here come to mind.

        • shane23 on 28/08/2024 - 17:52
          +2

          eastern culture has 27 flybuys accounts I heard yes

          • Doesnotcompute on 28/08/2024 - 18:03

            @shane23: 2000 flybuys accounts for $10 off your next shop

            • Bdawg on 29/08/2024 - 09:32
              +5

              @Doesnotcompute: Pro tip, don't use the $10 off, convert to flybuys dollars. Flybuys dollars count as a spend rather than a discount (for hitting $50 for example) and also you earn flybuys on the flybuys dollars.

          • DoctorCalculon on 28/08/2024 - 20:22
            -3

            @shane23: That is a well known myth within eastern culture.

          • Poor Ass on 29/08/2024 - 08:54

            @shane23: @easternculture please confirm

            • easternculture on 29/08/2024 - 10:26

              @Poor Ass: Only 5 but this is not tempting at all.
              Prefer the 10% off

              • Poor Ass on 29/08/2024 - 10:33
                +1

                @easternculture: ya love the 10% too… the online one is the bomb but payment crashes on the website sucks

                with keeping 5 phone numbers for flybuys account what's your method to keep services active while keeping costs low?

                • Imnuts7 on 07/09/2024 - 22:19

                  @Poor Ass: 10% off is technically 7.2% off due to that fee. 5.3% off here is OK, plus these are physical cards unlike their online-only counterparts.

                  • Poor Ass on 07/09/2024 - 23:29

                    @Imnuts7: Physical card that can be tampered with without any obvious signs

      • dahax77 on 28/08/2024 - 19:48

        it definitely won't - people will just be greedy as always and stock up using multiple accounts.

    • test8888 on 03/09/2024 - 18:31

      funny thing visited 2 stores today already no 250/100 on shelf

      • wavesgreen on 03/09/2024 - 20:03

        Yep the two near me have no $250 cards. Plenty of everything else.

  • Frozensage on 28/08/2024 - 17:28

    still rather the actual 10% off then having to use the points

    • abs898 on 28/08/2024 - 17:33

      Points are great for flying

      • brandogs on 29/08/2024 - 10:19

        Is it better value to convert flybuys points to velocity points or keep them for as flybuys points to use 2000 points for $10 off a shop?

        • abs898 on 29/08/2024 - 11:16
          +1

          I convert all mine to Velocity and for business class tickets if booked right, gives you about 3-4cent per point value.

    • HomeAlone on 28/08/2024 - 17:43

      I think it's more like ~5%

    • cobknob on 28/08/2024 - 20:47
      -3

      Give you a plus. Simply cause it use to be 10% off with a 7$ card fee. They're getting dodgy here, instead giving only 20$ and the fee is still 7$ but instead of ending up with 18$ extra dollars will only get 13$ - coles you profiteering little (profanity)!!

  • Aerith-Waifu on 28/08/2024 - 17:35

    So only 5 cards per promo periods? not per day like last few times?

    • WookieMonster on 28/08/2024 - 17:44

      This is a bonus points deal, not an upfront discount deal.

      • Aerith-Waifu on 28/08/2024 - 20:33
        +1

        Ok thanks, so essentially the best we can get is 20000 points per flybuy member? correct?

        • WookieMonster on 28/08/2024 - 22:09
          +4

          The best you can get is 20,000 bonus Flybuys points per Flybuys account during this deal. You will still earn 1x Flybuys point per $1 you spend on these gift cards during this deal.

          Remember that if you have two or more Flybuys cardholders tied to the same Flybuys account, the two or more cardholders can only earn a maximum of 20,000 bonus Flybuys points between them through this deal.

    • bravemeow on 28/08/2024 - 17:45

      Coles always does 5 per period. I think wws does 5 per day

  • NonSense on 28/08/2024 - 17:44
    +4

    Good try Coles . But no I will hodl until 10% off

    • Neoika on 28/08/2024 - 17:47

      Yes, it is getting closer to annual 10% off Vanilla VISA in VIC, TAS.

      • abs898 on 28/08/2024 - 18:00

        Vanilla doesn't even work at half the online places, at least this works everywhere

      • MiscOzB on 28/08/2024 - 18:03
        +1

        NSW and ACT too https://www.ozbargain.com.au/search/node/vanilla%20visa

        But they aren't as useful as the Mastercards (e.g. can no longer add to PayPal). Last 10% off the Mastercards (in store) seems to have been over a year ago, since then there's just been a couple of online only 10% off deals.

        • Neoika on 31/08/2024 - 12:25

          Search like this is lame method. Find the tag for better prediction.

  • SydBoy on 28/08/2024 - 17:47

    Be careful as their balance check website doesn't work so keep records of how much you spent.

      • SydBoy on 28/08/2024 - 19:13

        Same results!

        • xabiso on 28/08/2024 - 20:44

          Use incognito/private mode on your browser

    • ginger-gin on 28/08/2024 - 22:47

      Call the number to check the balance, always work

    • HereToSave on 28/08/2024 - 23:57

      This is what I thought. Such a terrible site.

    • Shadowsfury on 29/08/2024 - 08:28

      Yep I break out the old spreadsheet whenever such offers roll around

  • chiesel21 on 28/08/2024 - 17:52

    If you have, coles CC and coles plus it will net you 5028 flybuys point for each $250. Good stuff

  • FatGPT on 28/08/2024 - 18:03

    So how does it work using these with ATO… can you pay off your ATO bill using multiple cards?

    • Slo20 on 28/08/2024 - 18:11
      +4

      Yes. Just pay with credit card. Enter $249.50 (as there is a 0.2% fee). Pay. Then repeat as many times as needed. There is a limit to how many credit card payments you can do per day though.

      • FatGPT on 28/08/2024 - 18:49

        Too easy! Thank you for the details

      • whytd on 28/08/2024 - 19:19
        +2

        5 per day through ATO & 5 through https://www.governmenteasypay.gov.au/payato

        • t25 on 28/08/2024 - 23:34

          Won't be an issue unless you have 14 flybuys accounts, and manage to find stock every day.

      • Shekster on 04/09/2024 - 20:05

        What do you put for the cardholder name? or is that irrelevant?

        • WookieMonster on 04/09/2024 - 21:45

          Irrelevant.

          For all the ATO cares, the cardholder name may as well be Mickey Mouse or Prepaid Cardholder or Jo Bloggs.

  • unity1 on 28/08/2024 - 18:04

    Are these the cards that get hacked easily?

    • virtualds on 28/08/2024 - 18:09
      +2

      Yes. So use it straight away.

      • DingoBlue on 28/08/2024 - 18:54

        How is the CVC compromised?

        • abs898 on 28/08/2024 - 19:12

          Card numbers are recycled

  • TEER3X on 28/08/2024 - 18:12

    Does buying one of these qualify you for those "week 2 of 4 spend $150 each week" type offers?

    • MiscOzB on 28/08/2024 - 18:14

      No.

    • Slo20 on 28/08/2024 - 18:15
      +1

      No, excludes gift card purchases.

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