Supermarket Credit Cards

Australia’s largest retailers now offer unique credit card offers.

They aim to reward their customers for everyday grocery shopping purchases in their grocery stores and purchases in other stores in their respective groups.

Learn about “supermarket credit cards”. Discover the features of different supermarket credit cards. Learn how to earn rewards points and redeem rewards points.

Supermarket credit cards have become hot items these days. Retailers are trying to find new ways to promote customer loyalty and increase sales. No longer using only their store cards, supermarkets are partnering with banks to provide convenience as well as brand recognition to customers. And, when combined with a major credit card, supermarket credit cards can be used all over the world and can be used to purchase in millions of locations.

Supermarket Credit Card

Earn 3 points per $1 spend at any major supermarkets including Coles, Woolworths, IGA and Bi-Lo. Plus 2 reward points per $1 spent at major petrol stations.

• $195 p.a. annual fee
• 20.74% p.a. on purchases
• 55 days interest free
• Minimum Income Requirement of $50,000 p.a.

Read the American Express Platinum Edge Credit Card terms and conditions.

Supermarket Credit Card Comparison

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	American Express Platinum Edge Credit Card	Earn 3 points per $1 spent on purchases at major Supermarkets including Coles and Woolworths with the AMEX Platinum Edge. Good credit history required.	20.74% p.a.		$195 p.a.
	American Express David Jones	The AMEX David Jones Credit Card gives you points for supermarket purchases at major retailers such as Woolworths, Coles, Franklins and IGA. Earn 3 Points per $1 spent at all the major supermarkets.	20.74% p.a.		$99 p.a.
	Woolworths Everyday Money Card	Earn up to 3 points per $1 spent on purchases. Comes with a great introductory offer on balance transfer also.	19.84% p.a.		$49 p.a.	21.34% p.a.
	Coles Mastercard	A low annual fee credit card. Plus receive $10 off your Coles shop when you redeem 2,000 FlyBuys points	19.99% p.a.	0% p.a. for 6 months	$49 p.a.	19.99% p.a.
	Coles Platinum MasterCard	Earn up to 3 points for every $1 you spend on your purchases. Also a low annual fee.	19.99% p.a.	0% p.a. for 6 months	$49 p.a.	19.99% p.a.

Card Features for the Major Retailers

Two of Australia’s major supermarket retailers, Woolworths and Coles Group, have teamed up with banks to make the Woolworths credit card and the Coles MasterCard. The Woolworths Everyday Money™; credit card is currently offering for months (reverts to 19.84%) on purchases and 21.34% on cash advances while the Coles MasterCard offers 19.99% on purchases and 19.99% on cash advances.

The Coles MasterCard cards offers a 62 interest free grace period for those who wish to pay off the balance before accruing interest. Alternatively, Woolworths offers 55 days without interest. If you transfer a balance over the Woolworths’ card, expect a on balance transfers. And, Coles MasterCard imposes an interest rate of 0% on balance transfers. For annual fees, you will find that Woolworths’ charges $49 and Coles charges an annual fee of $49.

How to Earn Rewards Points

If you have a Woolworths credit card, you can begin to rack up points fairly easily. With the Woolworths card, you receive a rewards point each time you use the card regardless of where you chose to make the purchase. However, if you make a purchase within the group of partner retailers, you receive additional points. With the Coles MasterCard, you will need to enroll in the FlyBuys program to earn points. In the program, you earn 4 points for every $5 that you spend. There is a cap of a maximum of 80,000 points per year.

How to Redeem Points

With the Woolworths credit card, you are given a shopping card every four months that you can use at any Woolworths store or petrol station. In order to get the card, you will need to have earned at least 4,000 points to receive a $20 value shopping card. With the Coles MasterCard, your points are transferred every three months. With every 2,500 points earned, you receive a $20 card. The points can be exchanged for flights, vouchers, small appliances, and other traditional rewards items.