Big Change Coming to Coles Mastercard Gift Cards

Coles offered a solution to the cost of living crisis by offering customers 10% off select Coles Mastercard gift cards.

This comes at a crucial time for consumers who are dealing with soaring prices for basic commodities and conveniences like gasoline and fresh produce.

Starting Wednesday, for one week only, Coles is offering 10% off the total transaction price for $100 and $250 gift cards, though there are additional purchase fees.

Camera iconColes will reduce the price of its $100 and $250 Coles MasterCard gift cards by 10% for one week. Provided Credit: Provided

A $250 Coles Mastercard gift card, with a $7 purchase fee, will cost $231.30, which means a savings of $18.70.

Customers will receive an additional $5.50 when they purchase a $100 Coles Mastercard gift card, with a $5 purchase fee, for $94.50.

There is a limit of five gift cards per customer, which means shoppers would save $93.50 if they purchased five $250 gift cards.

Woolworths Gift Card
Camera iconA $100 Coles Mastercard gift card. Credit: Provided
Woolworths Gift Card
Camera iconA $250 Coles Mastercard gift card. Provided Credit: Provided

The majority of consumers (58%) use gift cards for their weekly groceries, followed by utility and utility bills.

Coles non-food managing director Jonathan Torr said the offer was aimed at helping Australians cope with the current cost of living crisis.

“We understand that many Australians are feeling the pinch of rising cost of living pressures and we are always looking for ways to provide the best value at Coles to help make a difference,” he said.

Cost of life
Camera iconAustralians struggle to afford basic goods and equipment. NCA NewsWire/Andrew Henshaw Credit: News Corp Australia

“The 10% off select Coles Mastercards will provide temporary relief on day-to-day spending, as the gift cards can be used on anything from the weekly shop to paying household bills – they can even be used to maximize savings at other retailers in the end. – sales for the financial year.

This offer is only available until next Tuesday while supplies last in Coles supermarkets.

Michael N. Clark