Receive 6% of your purchase back in the form of PayLab rewards dollars when you buy Coles and Woolworths gift cards in the PayLab app. There is a 1% card surcharge so you are effectively getting 4.7% off after that is factored in.
Here are the details:
- Runs until 31 Dec 2024 6pm
- 1% surcharge on all purchases
- $50 minimum denomination for Coles gift cards
- $35 minimum denomination for Woolworths gift cards
- PayLab rewards dollars cannot be withdrawn, only redeemed on other gift cards
- Anyone can sign up for a free PayLab account
They also have a separate and considerably more confusing offer where you can earn additional bonuses by spending certain amounts on particular combinations of gift cards.
I had never heard of PayLab until this offer was mentioned in the Gift Card Deals Australia Facebook group yesterday. To test out their product, I bought a $35 Woolworths gift card and received both the gift card and the $2.10 cashback instantly.
You can’t withdraw the rewards you accumulate in the PayLab app but you can immediately redeem them on other gift cards by choosing to apply your balance when paying. It was a smooth experience signing up and buying the gift cards but it always feels like a bit of an insult when a service has an unavoidable surcharge that they don’t prominently disclose.
Even with the surcharge, this is still quite a compelling offer as publicly available discounts of over 4.7% are quite rare for Coles gift cards (less so for Woolworths). Not a lot is known about PayLab so I wouldn’t recommend letting your rewards dollars sit idle as who knows how long they’ll be around for.
