Coles Group Source MasterCard or Woolworths Everyday Money credit card which is better for your hip pocket?

Comparing Supermarket Credit Cards

Are you a dollar-conscious shopper willing to go where the best supermarket rewards credit card will give you the most benefit? Read this comparison to decide whether Coles’ or Woolworths’ offering cuts it for you. But remember, conditions apply to both cards and rewards schemes.

Fast facts

Coles Group Source MasterCard

• Annual fee: $0
• Interest on purchases: 20.49% p.a.
• Interest on cash: 21.99% p.a.
• Interest on balance transfers: 0% p.a. for 6 months
• Interest-free period: up to 62 days interest free on purchases

Woolworths Everyday Money Credit Card

• Annual fee: $49
• Interest on purchases: 19.84% p.a.
• Interest on cash: 21.34% p.a.
• Interest-free period: up to 55 days interest free on purchases

How the reward system works

Coles credit card:

Spend $30 or more in one transaction at Coles or partnering stores on your Coles credit card and you will get sent a Source Fuel Saver Voucher in your next statement (up to 4 per month).

The fuel voucher cannot be used unless combined with a fuel discount receipt. Combining one voucher and one receipt will see you receive an additional 4 cents p/litre saving on petrol purchased at Coles Express service stations.

Woolworths credit card:

• Earn 3 points for every dollar spent on Woolworths Select products purchased at Woolworths/Safeway Supermarkets.
• Earn 2 points for each dollar spent on non-Woolworths Select goods at Woolworths/Safeway Supermarkets, and for purchases you make at Caltex, Big W, Safeway Liquor, Dick Smith Powerhouse and participating Tandy and Dick Smith Electronics stores.
• Earn 1 point for each dollar spent on every other purchase.

At 4 month intervals you’ll receive a shopping card (provided you’ve earned enough points) which basically acts as a gift card for Woolworths or partnering stores listed below. Points are redeemable for practically anything: electronics, groceries and petrol. The shopping card expires 3 months from the date it’s sent.

The minimum shopping card value is $20 (3,448 points) and it’s then offered in $5 increments (862 points). Leftover points at the end of a 4 month period will remain available for redemption in the next rewards period.

Where to spend to receive reward points

Coles credit card:

Spend at least $30 in one transaction in Coles, Bi-Lo or Liquorland (excluding Coles Express, Coles online, Liquorland Direct and Kmart) stores.

Woolworths credit card:

Woolworths/Safeway or partnering stores such as:

• BIG W
• Dick Smith
• Tandy
• Safeway Liquor
• Caltex Woolworths
• Caltex Safeway
• Liquor Woolworths
• BWS
• Dan Murphy’s
• Thomas Dux

Extra Benefits

Coles credit card:

If you are a FlyBuys member, you can earn 1 FlyBuys points for every $1 you spend on your Coles Group Source MasterCard at Coles groups stores. However, no FlyBuys points are allocated for purchases you make on this card at non-Coles group stores. These points can be used for products and purchases as well, not just flights. With every 2,500 points earned, you receive a $20 card.

Woolworths credit card:

Choose from four different coloured cards.

Cardholders can pay for fuel using the epump facility at Caltex Woolworths/Safeway co-branded fuel outlets, and get back on the road faster.

Awards:

Coles credit card:

Money Magazine’s Best of the Best award now for four years in a row.

Woolworths credit card:

Money Magazine’s Best Innovative Product 2009.

Canstar Cannex five-star rating for its rewards program, May 2009.

Find out more or apply for Coles Group Source MasterCard or Woolworths Everyday Money Credit Card.

Read other reviews for the Woolworths credit card and Coles credit card.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

Subscribe to our newsletter and get "The Ultimate Guide to Balance Transfers"

Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%