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#1 2016-12-26 01:15:37

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Coles Fly Buy credit card

Hi I was wondering anyone else have Coles flybuys credit card?

I am thinking of buying getting one, specifically their $89 annual fee and 20% one.

2 points per dollar on top of what you get from the partner plus free online Coles delivery is tempting, so minimum 3 points per dollar from Coles and 2 point else where.

Anyone know who they are affiliated with?

Or more importantly what if any pitfalls are?

(Other than interest I pay it off so no drama)


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#2 2016-12-26 01:19:08

sfstacker
Member
Registered: 2016-10-25
Posts: 384
Trades :   

Re: Coles Fly Buy credit card

Don't do it!

It's just a clever sale designed to take your $89.

The best rewards cards are the free ones.

Last edited by sfstacker (2016-12-26 01:19:36)

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#3 2016-12-26 01:33:07

Roswell Crash Survivor
Silver Stacker
From: Zeta Reticuli
Registered: 2011-04-11
Posts: 1,951
Trades :   32 

Re: Coles Fly Buy credit card

There are much better options out there. Should take you no more than a minute of Google-fu/Duckduck-jitsu to find them.


The Roswell Crash Survivor

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#4 2016-12-26 01:44:23

silverbait
Silver Stacker
From: Sydney, Kingsford
Registered: 2015-04-12
Posts: 590
Trades :   88 

Re: Coles Fly Buy credit card

I ve got NAB 15 months interest free card.
0% interest for 15 months and you only need to pay minimum closing balance is great. Plus its got few fancy platinum card protection and travel insurance so for me it works better. But if you dont need about 10K credit for 15 months at 0% dont get it. Yes you better pay in full by 15 months.

There are a lot of cards with no annual fee as well...


"The real question is not whether life exists after death. The real question is whether you are alive before death."  OSHO

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#5 2016-12-26 01:47:53

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Coles Fly Buy credit card

Whats a credit card

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The following user says thank you for this post: spannermonkey

#6 2016-12-26 02:07:33

spannermonkey
Silver Stacker
From: Vic or pissed
Registered: 2010-06-04
Posts: 14,649
Trades :   228 

Re: Coles Fly Buy credit card

radiobirdman wrote:

Whats a credit card

Banking lingo for " we own your ass " yikes


EXIT STAGE LEFT

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#7 2016-12-26 02:24:06

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

Don't need a credit for the debt, I only want it for points.

lets leave debates about debt to the side.

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#8 2016-12-26 02:51:35

sfstacker
Member
Registered: 2016-10-25
Posts: 384
Trades :   

Re: Coles Fly Buy credit card

Ipv6Ready wrote:

Don't need a credit for the debt, I only want it for points.

lets leave debates about debt to the side.

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money

How many dollars do you need to spend to earn 1 point?

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#9 2016-12-26 03:48:02

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

sfstacker wrote:
Ipv6Ready wrote:

Don't need a credit for the debt, I only want it for points.

lets leave debates about debt to the side.

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money

How many dollars do you need to spend to earn 1 point?


On my current card $1 for 1 point on my current but I need 45,000 points for $450 voucher.

But with Coles $89 card it seems like I'd end up with 100,000 points not all point are triple.
100,000 points equals $500 so I'm ahead.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#10 2016-12-26 15:21:46

sfstacker
Member
Registered: 2016-10-25
Posts: 384
Trades :   

Re: Coles Fly Buy credit card

Ipv6Ready wrote:
sfstacker wrote:
Ipv6Ready wrote:

Don't need a credit for the debt, I only want it for points.

lets leave debates about debt to the side.

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money

How many dollars do you need to spend to earn 1 point?


On my current card $1 for 1 point on my current but I need 45,000 points for $450 voucher.

But with Coles $89 card it seems like I'd end up with 100,000 points not all point are triple.
100,000 points equals $500 so I'm ahead.

Well for your first card every 1000 points = $1
But for the Coles card the math you presented is unclear. What do the terms of the card state as the point exchange ratio.

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#11 2016-12-26 16:59:17

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

After putting it on paper, I think will cancel my current card and get a new coles $89 dollar card.

Coles credit card if I spend $400 dollars
$200 at woollies (not a flybuy member) I will get 400 flybuy points from card
$200 at Coles (a flybuy member) I will get 200 points from flybuy card plus 400 point on the card total 600 points

Total points 1000 points @ 200 points per dollar = $5
Plus free delivery on Coles online worth $10 per use (which I plan to use much more)
Annual fee $89

Current credit card if I spend $400 dollars
$200 at woollies (not a flybuy member) I will get 200 current points
$200 at Coles (a flybuy member) I will get 200 flybuy points plus 200 current point

Card points 400 points @ 127 points per dollar = $3.15
Flybuy points 200 points @ 200 points per dollar = $1.00
Annual fee $49

Both card have bonus points etc etc and perks but I find that it's rare for me to use the current card perks which is 12 months interest free but on the cole credit card the free delivery for colesonline when spending $100, is something that would be worth $60 for me at a minimum.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#12 2016-12-26 17:09:11

sfstacker
Member
Registered: 2016-10-25
Posts: 384
Trades :   

Re: Coles Fly Buy credit card

So for card one you need to make 17800 points before you make back the annual fee of $89

However, if you're going to use it for groceries I guess you can make those points pretty quick.

You'd probably be better off getting an Amazon or PayPal card that gives you 2-3% cash back. Point systems are pretty convoluted and if you calculate most of them what you get back in points is less than what you'd get with a cashback card.

Can you get the same things from Amazon that you can get from Coles?

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#13 2016-12-26 18:31:08

ParanoidAndroid
Member
From: S.E.Q
Registered: 2015-12-02
Posts: 329
Trades :   21 

Re: Coles Fly Buy credit card

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money [/quot

as above, anyone  using any of the above rewards schemes is simply supplying information regarding their shopping habits and purchases which can later be used to sell other products such as car, home, life insurance etc.

Except with the added history of proof of purchase.

Its just another information gathering con.

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#14 2016-12-26 19:14:03

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

ParanoidAndroid wrote:

In this day and age for those that do not pay by Credit card for everyday shopping is just leaving money [/quot

as above, anyone  using any of the above rewards schemes is simply supplying information regarding their shopping habits and purchases which can later be used to sell other products such as car, home, life insurance etc.

Except with the added history of proof of purchase.

Its just another information gathering con.

Yes it t is, but one that you get paid for. and if they suggest something I need all good.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#15 2016-12-26 19:37:45

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

radiobirdman wrote:

Whats a credit card

It is a GE gomoney. I got it 5 years ago to get 24 months interest. But since paying it off I ended up using for all everyday transaction and anything else that was interest free, Apple Store and or Harvey chain.

Still only paid $20 in interest as I was on holdidqys to verses and pretty lack about it, yes there are fees etc but I always managed to get more.

I probably ended up saving about $30 or so per year in interest as The way I see it if I buy iPhone or iPad why use my money that is earning interest in my account pay it off when due.

For example this year, I ended replacing many of my apple products.
2 x iPhone 7
2 x iPad Pro

Ps I also have two cards with my bank but they don't accrue much points so they don't get much use or points. Even though they both have annual fees I get that waived by my bank manager.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#16 2017-01-04 21:06:13

Radio8tiv
Member
Registered: 2016-12-02
Posts: 85
Trades :   

Re: Coles Fly Buy credit card

Using credit cards for vouchers is one of the worst ways of redeeming your points along with buying toasters from their rewards stores,

If you want to earn points from supermarket spend look into the Amex platinum edge this will earn 3 points per dollar at supermarkets and 2 ppd for fuel for $189 per annum this card also comes with 15k bonus points on signup (using a referral link) and $200 to spend at Amex travel for things like flights, hotels, etc.

Alternatively Amex has three rewards cards for zero dollars per annum, earning MR, Qantas, or Velocity points.

Plus Amex has some great features like statement credits, shop small, and local champion which represent great value.

Why stay home hoarding your stash when you travel around the world in luxury.

Last edited by Radio8tiv (2017-01-04 21:15:09)

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#17 2017-01-04 21:19:13

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

Radio8tiv wrote:

Using credit cards for vouchers is one of the worst ways of redeeming your points along with buying toasters from their rewards stores,

If you want to earn points from supermarket spend look into the Amex platinum edge this will earn 3 points per dollar at supermarkets and 2 ppd for fuel for $189 per annum this card also comes with 15k bonus points on signup (using a referral link) and $200 to spend at Amex travel for things like flights, hotels, etc.

Alternatively Amex has three rewards cards for zero dollars per annum, earning MR, Qantas, or Velocity points.

Plus Amex has some great features like statement credits, shop small, and local champion which represent great value.

Why stay home hoarding your stash when you travel around the world in luxury.


Do Coles charge extra for Amex?
Had I known that I would have used my Amex more often when I had one. Might look at it again.


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#18 2017-01-04 21:25:56

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,214
Trades :   39 

Re: Coles Fly Buy credit card

Also velocity or Qantas points don't interest too much, already fly far to often


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#19 2017-01-04 21:29:23

Radio8tiv
Member
Registered: 2016-12-02
Posts: 85
Trades :   

Re: Coles Fly Buy credit card

Most supermarkets and larger establishments don't charge extra for Amex, only a small proportion of my spend has to be diverted to visa, and even then there are ways around it.
For example if I want some thing from JB HiFi who charge for Amex and I only get 1ppd for visa, I go to Woolworths and by a gift card earning 4ppd (standard 3 plus 1 for local champion) then by what I need with it at JB. Also Telstra charges for Amex, so I pay via PayPal I get full points and Telstra don't charge extra for using PayPal. It's a bit of work but points can be accumulated quickly by just a change of mindset.

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#20 2017-01-04 21:31:29

Radio8tiv
Member
Registered: 2016-12-02
Posts: 85
Trades :   

Re: Coles Fly Buy credit card

Ipv6Ready wrote:

Also velocity or Qantas points don't interest too much, already fly far to often

I wish I could fly for work, my flying is self funded pleasure travel.

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