Save Money On Petrol With The Coles MasterCard

Information verified correct on September 28th, 2016
Coles Rewards Mastercard Find out more Go to site

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Drivers can save money on petrol through schemes such as the Coles MasterCard fuel discount. These discounts are available for simply shopping at certain stores for your weekly groceries.

Product NameColes Rewards Mastercard
Rewards Programflybuys
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$89 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 62 days on purchases
Cash advance rate (p.a.)19.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Minimum Monthly Repayment2.222% or $10 (whichever is greater)
Minimum Income$25,000
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)0% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$89 p.a.
Minimum Repayment2.222% or $10 (whichever is greater)
Late Payment Fee$20
Cash Advance Fee3% of the cash advance/cash equivalent transaction or $1.95, whichever is greater
Overseas Cash Advance Fee$2.50
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)0% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchNo
MailYes

Pros

  • You can enjoy an interest-free period of 62 days.
  • This card allows you to add an additional cardholder at no extra charge.
  • This card is also covered by Falcon security system to protect your account information.

Cons

  • $20 charge applies for late payment.
Rewards Programflybuys
Rewards Points per $ (VISA/MC)2
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points Expiry12 months

What is the Coles MasterCard fuel discount?

The Coles MasterCard allows you to get a discount on the price of fuel. These discounts are available for simply shopping at certain stores for your weekly groceries. However there are some simple yet important conditions that need to be met before you can save money on petrol. Below are some important aspects of the fuel saving offer that you need to know.

How do I qualify and when is this offer valid?

To be eligible to save money on petrol, all you have to do is use your Coles MasterCard MasterCard at participating Coles Group stores. You must however spend $30 or more in one transaction to be eligible for the 4 cents per litre fuel saving voucher. The voucher is sent to you by mail in the month following the transaction and you can only receive one voucher per valid transaction whether you spend $30 or $150.

There is a limit of four vouchers per month for each Coles credit card account which adds up to a total of 52 vouchers per year. Additional cardholders can also receive these vouchers, but the limit of four vouchers per month still applies.

The voucher can only be redeemed along with a valid fuel discount receipt from Coles, Bi-Lo or Liquorland stores. Your discount receipt is for a minimum of 4 cents per litre off the normal price of fuel and you receive it when you spend $30 or more in one transaction. When combined with a fuel saving voucher, this offer can give you a minimum saving of 8 cents per litre on fuel.

The voucher is redeemable anywhere around Australia but only at Coles Express service stations. Coles MasterCard fuel vouchers cannot be replaced and hence if you lose them you will not be able to save money on petrol.

Participating stores include:

  • Coles
  • Bi-Lo
  • Liquorland
  • Coles Central
  • Pick N Pay Hypermarket
  • Liquorland Express stores
  • ShopFast

This voucher is not available:

  • With any other offer, including Fleet Card, Shell Card, Motorcharge or Motorpass purchases.
  • To customers who have FlyBuys Points EXTRA FAST on their Coles MasterCard
  • For purchases at Coles Express or Liquorland Direct
  • If it’s damaged, not an original copy or has expired
  • On the value of some items such as gift cards and tobacco products in Queensland

Is there any limit on the amount of fuel that I can purchase?

Coles MasterCard fuel voucher is only valid to purchase 150 litres of fuel which can include a maximum of two types of fuel. This also includes 25 litres of fuel in an approved container. There are no restrictions on the type of fuel you can purchase, as long as the service station has enough stock.

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