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Coles hack that can save you $93.50

Coles supermarket and Australian money notes.
Coles is offering a 10 per cent discount on its Mastercard gift cards. (Source: Getty)

As cost-of-living pressures continue to stretch Aussie budgets, there’s one easy way you can save on your next grocery shop.

Coles is currently offering discounted gift cards, which can be used to pay for groceries and a number of other expenses, including fuel and household bills.

The supermarket giant is currently taking 10 per cent off selected Coles Mastercard Gift Cards until Tuesday, October 25.

Customers can choose between $100 or $250 gift cards.

The $100 Coles Mastercard Gift Card charges a $5 purchase fee, meaning customers can pick up the discounted card for $94.50. That’s a saving of $5.50.

The $250 Coles Mastercard Gift Card comes with a $7 purchase fee, so customers can get the card for $231.30 - a saving of $18.70.

Customers can buy up to five gift cards each, which means shoppers can potentially save up to $93.50 if they buy five $250 gift cards.

The gift cards can be used wherever Mastercard is accepted and are available while stocks last.

Grocery prices surge

It comes as grocery prices increase, with Coles and Woolworths food prices rising 8 per cent for the September quarter.

The cost of fresh food increased 9 per cent on average, while the cost of packaged or dry groceries rose 7.7 per cent.

Flood damage to farms in Victoria, New South Wales and Tasmania is also expected to increase the price of groceries, including fruit, vegetables and meat.

Coles recently dropped and locked the prices on 150 products until January 31, 2023. Shoppers can save between 10 and 40 per cent.

Some of the popular brands that have been dropped include Steggles, Kleenex, Golden Circle, Kellogg’s, Bulla, Pepsi, Masterfoods, Cadbury, Handee and Whiskas.

In August, Coles also locked the price of 1,168 products across supermarkets and online, including mince, eggs, cheese and bread.

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