A composite glue coating device and a preparation method for a fancy reflective material using the same, which relates to the technical field of reflective material production. The composite glue coating device comprises a composite glue roller (1), a glue coating roller (2), a glue sink device (3) and a glue scrapping device (4). The composite glue roller (1) and the glue coating roller (2) are arranged as a clamping roller set and a bead planting film passing interval (L) is formed between the composite glue roller (1) and the glue coating roller (2). The glue scrapping device (4) is connected with a scraper of the glue coating roller (2). A plurality of glue moving grooves (5) are evenly distributed on the glue coating roller (2). The glue coating roller (2) is connected with the glue sink device (3) and is glue immersed. The glue coating roller (2) rotates to transfer the glue (9) inside the glue sink device (3) into the glue moving grooves (5) and to coat the plating layer (13) of the bead planting film (6) with the glue (9) inside the glue moving grooves (5). The composite glue coating device can realize the batch production and the production efficiency is high. The reflective material produced has high tear resistance and comfort degree, with the fancy part being reflective and the rest as non-reflective. The reflective part has the same hand feeling with the rest substrate part, without obvious uneven feeling, and the reflective points are seamlessly connected with the substrate.