Coles releases three new prepaid debit cards

Information verified correct on October 22nd, 2016

Coles offers customers spending convenience with the release of three new Coles prepaid MasterCards.

If you frequently shop at Coles, a Coles Prepaid Card could be your key to convenient spending. With three new options to choose from, Coles’ latest prepaid MasterCards could come in handy when paying for the groceries, buying a gift or shopping online. With no need for credit checks or a bank account, Coles Prepaid cards provides cardholders an easy way to pay for purchases while collecting flybuys points as they spend.

Here we will unpack the features of the new Coles Prepaid Cards to help you decide which one is right for you.

Compare Coles Prepaid Cards

Rates last updated October 22nd, 2016
Annual fee Minimum Credit Score
Coles Reloadable MasterCard
Link this card up to your flybuys account and earn 0.500 for every $1spent.
Coles Gift MasterCard
A card designed to be gifted as a prepaid card. Shop at more than 38 million locations worldwide.
Coles Online MasterCard
An online prepaid card. Start shopping in under 5 minutes of purchasing the card online.

Coles Reloadable MasterCard

  • How does it work?

The Coles Reloadable MasterCard is designed for customers to purchase once and then load as required, allowing cardholders to take control of their finances. Customers can purchase the card for a competitive one-off fee of $10 and reload the card as many times as they’d like at no additional cost. However, there is a reload minimum of $10 and a maximum of up to $1,000.

  • Rewards and perks

Two cards in one, the Coles Reloadable MasterCard acts as both a prepaid debit card and a flybuys card. Including your flybuys barcode, you can use the card to earn one flybuys point for every $2 spent in Australia and for every $1 spent overseas. Plus, if you use your Coles Reloadable MasterCard to shop with other flybuys partners, you’ll collect points at an even faster rate. Once you’ve earned 2,000 flybuys points, you can instantly redeem $10 off your Coles Supermarket shop.

  • Shop with convenience

Coles Reloadable MasterCard cardholders can speed up their time at the cash register with MasterCard’s PayPass contactless payment technology for purchases under $100. The card can be used at any ATM that accepts MasterCard or Cirrus in Australia, so you’ll have no trouble accessing your cash on the go. You can also enjoy peace of mind courtesy of built-in chip protection, 24/7 worldwide protection and fraud monitoring systems. Plus, you’ll never have to worry about paying for fraudulent or unauthorised transactions with MasterCard’s Zero Liability Policy.

Read our detailed review of the Coles Reloadable MasterCard

Coles Gift MasterCard

  • How does it work?

Unsure what to get mum for her birthday? The Coles Gift MasterCard has you covered. Simply order the card that suits you and load it with your chosen amount. The recipient will then receive the card in the mail and can follow the instructions to activate the card. Order the card online and the confirmation can be sent with a personalised message for your loved one. With a one-off cost of $5 and a load maximum of $1,000, you can use the Coles Gift MasterCard for everything from those “just because” gifts up to birthdays and weddings.

  • Worldwide spending freedom

The Coles Gift MasterCard lets you give the gift of shopping freedom, meaning your loved one can look forward to redeeming their card anywhere MasterCard is accepted. This encompasses over 38 million locations worldwide.

  • Manage your card on the go

Once you’ve activated the card via Coles Prepaid Card online, you can access the Prepaid Service Centre to manage your card. If you want to take the saying “don’t spend it all in one place” to heart, you can use the card for various purchases and keep track of your balance and transaction history through the Service Centre.

Read our detailed review about the Coles Gift MasterCard

Coles Online MasterCard

  • How does it work?

There’s no need to clear out space in your wallet for the Coles Online MasterCard, which is a virtual card you keep online rather than in your pocket. When you apply for the card, you will receive the card details and can begin tracking your purchases and balance online. You’ll have to fork out a one-off $5 fee to purchase the card and then you’re free load as much as you want between $10 and $1,000.

  • Online shopping freedom

You can look forward to using the Coles Online MasterCard anywhere MasterCard is accepted online or over the phone. Once you receive your card confirmation email, you can follow the simple steps to activate it and then access your Prepaid Service Centre. Similar to the gift card, you can use this Service Centre to keep track of your balance and transaction history. Once you’ve loaded your card with cash, you can shop wherever MasterCard will take you. If you’ve decided the amount you’ve loaded isn’t enough, you can upgrade to a Coles Reloadable MasterCard at any time.

  • Send as a gift

Forgotten a friend’s birthday and need a gift, stat? If you didn’t have time to order the Coles Gift MasterCard, order a Coles Online MasterCard and your friend will be shopping in under five minutes. Like the gift card, you can also send the card with a personalised message. The lucky recipient will receive a confirmation email that will guide them through the activation process so they will be shopping up a storm in no time.

Read our detailed review about the Coles Online MasterCard

The Coles Prepaid MasterCards offer perks for many types of cardholders. Whether you’re an avid online shopper, need a quick gift for a friend or consider yourself a loyal Coles patron, the prepaid debit cards provide shopping convenience while allowing you to take control of your spending. However, as they all offer different benefits and aren’t the only prepaid debit cards available on the market, it’s best to compare your options before committing to a particular product.
Learn more about other prepaid cards here

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Sally McMullen

Sally McMullen is a journalist at who is a credit cards and travel money expert by day and music maven by night.

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