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Flybuys are a loyalty program that rewards shoppers for spending in stores like Coles, Kmart, Target and more. Coles Mastercard customers are automatically linked to flybuys when they join.
Flybuys points are able to be redeemed for rewards such as store discounts, gift cards and travel. You can link your flybuys points to a Velocity Frequent Flyer account and exchange your flybuys points into Velocity Points.
Flybuys is easy to join for those above the age of 16 and involves signing up online. However, Coles Mastercard customers will need to meet the eligibility criteria set by Coles as a credit provider to enjoy the benefits of using a credit card to earn flybuys points.
What can you buy with flybuys points?
Flybuys reward categories include:
- Money off shopping, including discounts and gift cards,
- Fashion and accessories,
- Health and lifestyle,
- Home and garden,
- Travel, and
Like any rewards program, flybuys points can be exchanged for a range of goods, like electronics, beauty products and merchandise. However, its biggest appeal is that you can earn discounts and gift cards for a range of popular retailers, just through your weekly grocery trip.
How to earn flybuys points
Flybuys points are earned by scanning the loyalty card when you make a purchase. Coles Mastercard cardholders can also use their credit card as a flybuys loyalty card. Scanning the barcode at the back of a Coles Mastercard will earn you flybuys points.
To earn flybuys points you will need to spend on eligible purchases. These include:
- Coles – 1 point per $1 spent
- Coles Express - 1 point per $2 spent
- Kmart – 1 point per $1 spent
- Target – 1 point per $1 spent
- Velocity Frequent Flyer – flybuys can be exchanged for Velocity points
- Liquorland - 1 point per $1 spent
- AGL Energy - 1 point per $1 spent
- First Choice Liquor - 1 point per $1 spent
- Budget - 3 points per $1 spent
- Garmin – 10 points per $1 spent
- HCF – Collect up to 130,000 points
- Fitbit – 10 points per $1 spent
- Mycar Tyre & Auto - 1 point per $1 spent
- NAB – transfer NAB Reward Points to flybuys points
- Citi – transfer Citi Reward Points into flybuys points
More partners can be viewed on the flybuys website.
For Coles credit card customers, how many flybuys points you can earn depends on the type of card you have.
|Coles Mastercard & Coles Platinum Mastercard||2 flybuys points for each whole Australian dollar spent on flybuys participating retailers spend, rounded down per transaction.|
|Coles Rewards Mastercard & Coles Rewards Platinum Mastercard||2 flybuys points for each whole Australian dollar spent on each eligible transaction, rounded down per transaction.|
|Coles No Annual Fee Mastercard & Coles No Annual Fee Platinum Mastercard||1 flybuys point for every 2 whole Australian dollars spent on each eligible transaction, rounded down per transaction.|
|Coles Low Rate Mastercard & Coles Low Rate Platinum Mastercard||1 flybuys point for every 2 whole Australian dollars spent on each Coles spend, rounded down per transaction.|
Source: Coles Mastercard terms and conditions.
Some purchases that do not qualify as eligible transactions include cash advances, balance transfers, special promotions, BPAY payments, purchases of foreign currency and travellers cheques; transactions made in operating a business; payments to other Citi accounts; bank fees and charges such as interest and ATM charges; transactions made using flybuys points, and government related transactions.
Are flybuys worth it?
After paying your housing expenses, your grocery bill is generally the next largest expense. If you can reduce your expenses and save money just by collecting rewards points on your weekly spend, this means good news for your budget.
However, one trap of flybuys is that you may feel tempted to spend more than you budgeted for just to earn some extra bonus points. This is particularly risky if you’re doing so with a credit card. Making costly purchases on a credit card just to earn rewards points may lead to bigger card balances than you can manage, and snowballing debt through accrued interest.
It’s also important to note that these points can often be worth less than the money you end up spending. They are simply designed to reward you with perks for your regular spending. For example, a $50 Coles gift card will cost you 10,000 flybuys points. If you have a Coles Rewards Mastercard, spending at a Coles retailer will see you earn 2 points per $1 spent, so you’re effectively spending $5,000 to get a savings of $50. However, it’s still better than no $50 gift card for spending $5,000. But it’s good to be aware of the value of what you’re spending versus what you’re actually earning.
Flybuys can be a competitive rewards program option for points chasers due to their accessibility across Australia. You’d be hard-pressed to go very far without running into a Coles, Kmart or Target. As long as you are responsible with your spending and can earn rewards points within your budget, flybuys may be worth considering.
Personal Finance Writer
Alex is a personal finance writer and PR professional at RateCity, and has been writing about finance for over three years. She is passionate about closing the gender pay and superannuation gap, and aims to help young Aussies to overcome their financial apathy and better manage their finances. Alex has been published in numerous print and online outlets, including Money Magazine, Lifehacker Australia, and Business Insider.
Frequently asked questions
How to increase the NAB credit card limit?
If you use your NAB credit card regularly, you could consider requesting a higher credit limit. The good news is that it's fairly easy to do so using either the NAB app or NAB internet banking.
Step 1: Download the latest version of the NAB app.
Step 2: Select the ‘My Cards’ menu.
Step 3: Select the card you want to increase the credit limit for.
Step 4: Select ‘Usage Controls’ and then click on ‘Change Credit Limit’.
NAB internet banking:
Step 1: Log into your account.
Step 2: Choose the ‘My Cards’ menu.
Step 3: Choose the card for which you want to increase the limit.
Step 4: Choose ‘Change My Credit Card Limit’.
If you don’t have the NAB app or cannot access NAB internet banking, you can even visit your local branch or call their contact center.
Once you’ve applied to increase your NAB credit card limit, you’re likely to be asked for your
- current employment details
- total income, before and after-tax deductions
- assets, liabilities, and expenses information
NAB will then assess this information to determine if your current financial situation suits the increased credit limit request, and your application will either be accepted or denied.
However, this process will only work if you’re attempting to increase your personal NAB credit card limit. For a business credit card, you can contact the NAB Corporate & Business Servicing team or speak to your NAB relationship manager.
What does ANZ credit card insurance cover?
ANZ offers complimentary insurance on some of its credit cards, which can provide some protection against unforeseeable incidents, like the theft of your card. Depending on the type of credit card you own, you may be eligible for different insurances. For instance, most ANZ credit card customers may qualify for Purchase Protection Insurance and Extended Warranty Insurance. Customers who own premium credit cards may also be eligible for Guaranteed Pricing, Rental Vehicle Excess, International Travel, and so on.
Consider checking your ANZ credit card insurance features listed in the Insurance Policy Information booklet to know which items are covered. Also, while ANZ issued the credit card, they are not the insurer. For this reason, you may need to send your insurance claims - and get your ANZ credit card insurance refund - to the insurance provider.
How can I increase my Bankwest credit card limit?
When you apply for a Bankwest credit card, you get assigned a pre-set credit limit, which will end up being the most that you can spend on your credit card before having to pay it off. Your credit limit is chosen for you and your current financial situation, and you should remember not to overspend, irrespective of the limit, in order to avoid racking up a massive bill.
However, banks and lenders understand that your needs will change, and have made it possible for you to increase your credit card limit, allowing you to get extra cash when you need it most. Moreover, with a higher spending limit, you may be able to get access to certain perks and benefits with your Bankwest credit card.
To increase your Bankwest credit card limit, you can visit any of the bank’s branches or call 13 17 19 and follow the steps outlined.
Should I get a credit card?
Once you've compared credit card interest rates and deals and found the right card for you, the actual process of getting a credit card is quite straightforward. You can apply for a credit card online, over the phone or in person at a bank branch.
How do I apply for a BOQ credit card limit increase?
If you’re an existing BOQ customer, you can request a BOQ credit card limit increase over a phone call. However, you should remember that owning and using a credit card is a matter of financial responsibility, so it might be worth thinking this decision through.
When requesting a credit card limit increase, you’ll need to be just as responsible in terms of how much you earn and can set aside to repay the outstanding card balance. A credit card company may approve a credit limit increase only if you can show that you have either the income or the disposable income, which is the amount you have left after all expenses have been paid out.
For this purpose, you may need to submit your latest income documents and bank statements for an increase. You may want to estimate how much you usually have left after deducting your expenses, and then use this amount to try and convince the credit card company. Also, you may prefer to pay off the card balance in full each month and thus avoid paying interest on the card, helping you back up any claims of financial responsibility, as well.
Remember that you may not be able to apply for a credit card limit increase beyond any limitations on the type of card you own. For instance, if you own a card whose ceiling is $10,000, and your current limit is $5,000, you won't likely be able to apply for a $10,000 credit card limit increase.
Current Annual Fees
How do I apply for a credit card online?
How does ANZ increase my credit card limit?
If you’re the primary cardholder on an ANZ credit card, you can increase your credit limit by logging into your credit card account and choosing the “Increase your credit limit” option. You can also submit an ANZ credit card limit increase application form by visiting any ANZ branch or by mail or fax. When completing the form, it's important to remember to specify how much you want the limit increased. You can estimate this by first calculating the amount of credit card debt you can afford to repay based on your income and expenses, and then declaring that in your application.
Irrespective of whether you’re completing your ANZ credit card limit increase application online or in print, you’ll need to provide updated employment information, income, and expenses, which the company will have to verify. You'll also need to authorise ANZ’s access to your credit history, as your current credit score and recent credit history tell the company about your financial responsibility, and whether or not you'll be able to repay the additional debt you’re applying for.
In some cases, ANZ may ask you for additional information, or the agent processing the application may reach out to you after your application is received. After verifying your credit score as well as your personal and financial information, however, ANZ may approve a credit card limit increase proportionate to your repaying ability, though it may not be the same as the increase you requested.
Increase your credit card limit with Westpac
A credit card can be a useful tool to access extra cash when you need it. Sometimes you may wish to increase your credit card limit for greater financial flexibility. For example, to realize your immediate goals faster, such as planning for an international holiday or making a big purchase.
You can apply to increase your credit limit at any time, and most credit card providers have made it really easy to do so. You can use your online banking portal, the credit card provider’s mobile app, or even the telephone.
Applying online to increase your credit limit with Westpac is the easiest option if you’ve already activated Westpac Live Online Banking. All you need to do is fill in the required information and then hit ‘submit’ to apply for an increase in your credit card limit.
Most banks will ask for details of your financial situation at the time of applying for a credit increase. This is done to ensure your new limit meets the lender’s criteria.
You can apply for increasing your credit limit in any of the following ways:
- Visiting your nearest Westpac branch
- Calling Westpac on 1300 651 089
- Logging in on Westpac Live Online Banking
What's the best credit card for rewards?
There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice.
Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.
How do you cancel a credit card?
It’s important to cancel your old cards to avoid any additional fees. Unless you’re doing a balance transfer, you’ll need to pay the outstanding balance before you cancel your credit card. If you’ve opted for a card with reward points, make sure you redeem or transfer the points before you close your account. To avoid any bounced payments and save yourself an admin headache, redirect all your direct debits to a new card or account. Once you’ve done all the preparation, call your bank or credit card provider to get the cancellation underway. Once you receive a confirmation letter, destroy your card and make sure the numbers aren’t legible.
Can a pensioner get a credit card?
It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:
- Annual income. Look for credit cards with minimum annual income requirements you can meet.
- Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee.
- Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.
Current Interest Rate
What is a balance transfer credit card?
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
How easy is it to get a credit card?
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.
How to calculate credit card interest
Credit card interest can quickly turn a manageable balance into unmovable debt. So being able to understand how interest rates translate into dollars is an important skill to acquire.
The common mistake people make is focusing on the credit card’s annual percentage rate (APR), which often sits between 15 and 20 per cent. While the APR does provide a rough idea of how much interest you’ll pay, it’s not entirely accurate.
This is because you actually accrue interest on your balance daily, not annually. So, you need to work out your daily periodic rate (DPR). To do this, divide your card’s APR by the number of days in a year (e.g. 16.9 per cent divided by 365, or 0.05 per cent). You can then apply this figure to the daily balance on your credit card.
Where can I get a credit card?
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.
Which credit card has the highest annual percentage rate?
The credit card market changes all the time, so the credit card with the highest annual percentage rate is also liable to change.
Keep in mind that credit card interest rates are expressed as a yearly rate, or annual percentage rate (APR). A low APR is generally good but also consider:
- There can be different APR's for each feature of the card (e.g. purchases may have an APR of 14 per cent, while cash advances on same card could have an APR of 17 per cent.
- Credit cards with a variable rate can change throughout the year, affecting your APR, so check the full details.
- If you pay your balance in full every month, having the lowest APR is not as important as the other fees associated with the card. However, if you carry a balance from month to month, then you want the lowest APR possible.
How many numbers are on a credit card?
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.
How do you apply for a credit card?
You can apply for a credit card online, over the phone or in person at the bank. Once you’ve compared the current credit card offers, the application process is quick and easy. Before you get your application started, you’ll need to gather your personal information like proof of ID, payslips and bank statements, proof of employment and details of your income, assets and liabilities. To be eligible for a credit card, you’ll need to be an Australian citizen over 18 and earn a minimum of $15,000 each year. Once you’ve applied for a credit card, you should get a response fairly instantly. If your credit card application has been approved, you should receive a welcome pack with your new credit card within 10-15 days.