Flybuys credit cards

How can I earn Flybuys points on my credit card?

The Flybuys loyalty program allows you to earn rewards points when buying groceries at Coles, filling up the car at a Shell Coles Express or shopping at other participating stores like Kmart, Target, First Choice and Bunnings.

Another way to earn points is to take out a Flybuys credit card. Alternatively, some credit card rewards programs let you transfer your points to Flybuys.

Currently, you can only earn Flybuys points directly with a Coles Mastercard credit card. Coles currently offers three Flybuys credit cards with different Flybuys earn rates. Some cards also offer bonus points when you sign-up and meet spending conditions.

How many Flybuys points can you earn with a Coles Mastercard?

• Coles Rewards Mastercard: Earn 2 Flybuys points per $1 spent on eligible purchases up to $3000 per Statement Period. After that, earn 1 Flybuys point per $1 spent up to $8000. There is an annual credit card fee of $99, an interest free period of up to 44 days, and a purchase interest rate of 20.74% pa.
• Coles No Annual Fee Mastercard: Earn 1 Flybuys point per $2 spent on eligible purchases up to $5000 in each statement period. There is no annual credit card fee, an interest free period of up to 44 days, and a purchase interest rate of 20.74% pa.
• Coles Low Rate Mastercard: Earn 1 Flybuys point per $2 spent on eligible purchases at Coles Supermarkets. There is an annual card fee of $58, an interest free period of up to 55 days, and a purchase interest rate of 13.49% pa.

Note that these examples exclude bonus points offers. You will get these points in addition to any Flybuys points you earn with program partners.

Coles credit cards are linked to your Flybuys membership account. Once you have been approved for a credit card, you will be issued a credit card with your Flybuys member number on the back.

Can you transfer rewards points to Flybuys?

You can currently transfer NAB Rewards Points, Citi Rewards Points, Suncorp Reward Points and BOQ Q Rewards Points to Flybuys Points.

At the time of writing, the transfer rates on providers’ websites are:

• NAB Rewards: 3000 NAB Rewards Points = 3000 Flybuys points for Platinum and Signature cards
• Citi Rewards: 1.33 Citi Rewards Points = 1 Flybuys Points
• Suncorp Rewards: 1.33 Suncorp Rewards Points = 1 Flybuys Points

How to redeem Flybuys points earned with a credit card

Any flybuys points you earn or transfer from another credit card rewards program will be added to your Flybuys account. You can choose how to redeem your points, such as:

• Money off your next shop: You can redeem your points for a discount when you shop – for example, 2000 Flybuys points can be redeemed for $10 off at Coles or other partner stores.
• Purchase items in the rewards store: Flybuys points can be exchanged for items such as tech, homewares and gift cards.
• Convert into Velocity points: You can also transfer your Flybuys points to Velocity Frequent Flyer points. You can currently convert 1000 Flybuys points to 500 Velocity points.

What is eligible spending with Flybuys?

Eligible spending with a Flybuys card or other types of rewards credit card or frequent flyer credit card is typically money spent on everyday transactions, such as supermarket shopping, filling up at the petrol station, dining out and other forms of retail spending.

By contrast, some forms of spending may not be eligible to earn points. This often includes balance transfers, account fees, and government spending, such as paying a tax bill to the ATO.

What are the pros and cons of using a Flybuys credit card?

Before you apply for a Flybuys credit card, consider the potential pros and cons:

Pros

• Ability to earn Flybuys points with everyday spending.
• Access to complimentary purchase protection insurance.
• Potential to redeem rewards points for discounts at participating retailers.

Cons

• Access to a limited range of cards means you could miss out on a better deal elsewhere.
• Getting slugged with annual fees, which range from $58 to $99 for Coles Mastercards.
• Lack of access to the travel perks offered by other rewards cards.

It’s important to also consider the more general pros and cons of getting a credit card.

How long does it take for Flybuys points to be added to your account?

As long as you scan your Flybuys card at the checkout when shopping with a Flybuys partner (Coles, for example), you can typically expect to see your points added to your account automatically within one to two days of a purchase. For other retailers, it could potentially take up to a week for the points to be added to your account.

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