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Rewards Cards Showdown: Coles vs ANZ Black
Coles Rewards Mastercard offers no annual fee and 2x Flybuys at Coles, while ANZ Rewards Black provides 180,000 welcome points but with a hefty fee.
Quick Picks
Best for Coles Shoppers: Coles Rewards Mastercard.
Best for High Spenders: ANZ Rewards Black.
Coles Rewards Mastercard
You're choosing between maximizing grocery rewards and earning flexible travel points. Let's dive into the specifics.
Coles Rewards Mastercard
Coles Rewards Mastercard shines for regular Coles shoppers with its 2x Flybuys points and no annual fee. However, its low earn rate of 1 point per $2 outside Coles limits its overall value. The 21.49% APR is another consideration if you carry a balance. Best for Australians who frequently shop at Coles and want to rack up Flybuys points.
While the Coles card offers great savings for Coles loyalists, those who spend heavily across various categories might find more value elsewhere.
ANZ Rewards Black
If luxury and flexibility in rewards are what you seek, ANZ Rewards Black might catch your attention.
ANZ Rewards Black Credit Card
ANZ Rewards Black offers a massive 180,000-point welcome package and 2 points per dollar on the first $5,000 spent per statement. However, its $375 annual fee and $15,000 minimum credit limit make it accessible mainly to high-spending Australians. The points earn rate halves after the $5,000 threshold, which is worth noting if you're a big spender. This card is best for those who can capitalize on the welcome bonus and pay off their balance monthly.
For those who aren't deterred by fees, ANZ Rewards Black offers premium perks. But if a low-cost entry to rewards is your priority, consider the next option.
Conclusion
Choosing between Coles Rewards Mastercard and ANZ Rewards Black depends on your spending habits and priorities. Frequent Coles shoppers will benefit from the Coles card's no annual fee and Flybuys points, while high spenders who can leverage travel rewards and pay off balances might prefer ANZ Rewards Black despite its cost.
