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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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.

Related Stores

Coles Financial Services
Coles Financial Services

Comments

  • +9 votes
    • 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

  •  

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

    • +2 votes

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

  • +2 votes

    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.

  •  

    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.

  •  

    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.

  • +10 votes

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

    •  

      I have the same question 🤔

    •  

      Want to know this too

    • +1 vote

      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.

    • +2 votes

      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.

      •  

        Can you still keep both cards?

        •  

          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

          • +2 votes

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

            • +1 vote

              @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

              •  

                @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.

      •  

        Thanks for the update

  •  

    That's actually a pretty decent deal.

  •  

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

  • +6 votes

    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

    •  

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

      • +4 votes

        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.

        •  

          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!

    • -1 vote

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

    •  

      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.

      • +2 votes

        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

        •  

          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.

          •  

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

            •  

              @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.

  •  

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

    • +1 vote

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

      •  

        Ok, thank you

      •  

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

        •  

          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.

  • +2 votes

    Good card I had it for ages before.

    It doesn't have Android Pay which sucks.

    • +3 votes

      Has apple and samsung pay

      •  

        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.

      •  

        Samsung pay fcking sucks

        •  

          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

          •  

            @kehuehue: Try Google pay instead

          •  

            @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

            •  

              @tablewhale: 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 :/

              •  

                @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

  •  

    Is it better than 28 degrees?

  •  

    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.

    •  

      Which Coles card has 2 year price protection?

    •  

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

      •  

        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.

        •  

          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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