- Collect Flybuys points
- Receive $100 off a Coles Supermarket Shop when you make an eligible purchases within 30 days of approval.
- Low 12.99% p.a. ongoing on purchases
- 0% p.a. on balance transfers for 6 months. Reverts to cash advance rate. No interest free days apply while you have a balance transfer
- Up to 55 days interest free on purchases if you do not have a balance transfer
- $58 annual fee
- $10 instant off your Coles Supermarket shop when you redeem 2,000 Flybuys points
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Citi Rewards Credit Card - $0 Annual Fee
0% balance transfer for 30 Months*
Transfer up to 3 non-Citi personal loans, store and/or credit cards.
Coles Credit Cards
Coles Low Rate Mastercard
Updated 4 January 2021
Low 12.99% p.a. on purchases wrapped with a low annual fee of $58. Collect 1 point for every $2 you spend at Coles Supermarkets on your Coles Low Rate Mastercard. Receive $100 off a Coles Supermarket Shop when you make an eligible purchases within 30 days of approval.
T&Cs apply. Offer ends 31 January 2021
Purchase Rate (p.a)
12.99%
Balance Transfer (p.a)
0% for 6 months
No balance transfer fee.
Reverts to 19.99% p.a.
Annual Fee (p.a)
$58
Pros and cons
- Cash advance rate of 19.99% p.a.
Creditcard.com.au review
Editor Review
Coles Low Rate Mastercard
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Coles Low Rate Mastercard
While you may not be a fan of their jingles, you might find Coles Credit Cards somewhat more appealing. As the name suggests, the Coles Low Rate Mastercard is this supermarket giant’s low rate credit card option, providing customers with the opportunity to save money on interest, while earning rewards and enjoying a few perks along the way.
If you are a regular Coles shopper, this card may provide just the benefits and rewards you need. Want to find out more? Let’s get in close and have a better look at what’s on offer.
What we love...
As an everyday card, the Coles Low Rate Mastercard certainly has plenty to offer. Cardholders have to stump up a relatively low annual fee to enjoy all the benefits of a Coles-orientated rewards card, including a low rate on purchases and an earn rate of 1 point per $2 spent at Coles Supermarkets.
Points earned can be redeemed against a wide range of rewards, or alternatively, you could opt for Instant Rewards, with $10 off your Coles shop every time you redeem 2,000 Flybuys points at Coles Supermarkets.
Anything else to mention in this section? If you happen to have existing debt on other credit cards, you may choose to take advantage of the balance transfer offer currently provided. Potentially saving you heaps in interest, this offer gives you 0% p.a. on balance transfers for 6 months. Reverts to cash advance rate. No interest free days apply while you have a balance transfer.
What’s not so great...
With the Coles Low Rate Mastercard, there’s not too much to complain about. The annual fee is pretty affordable, and the purchase rate is relatively low. While the cash advance rate is high – as it is with most credit cards – this can be avoided by not using the cash advance feature.
It is worth noting however, that if you plan to use the card’s offer of up to 55 days interest free on purchases, you will have to ensure the balance is paid off in full each statement period.
Why should you choose this card?
We’ve already touched on many of the benefits this card offers, but it does have a few other tricks up its sleeve. As a Flybuys card and Mastercard rolled into one, it allows you to carry only one card, ensuring you always have it on hand to claim points as you spend.
Aside from allowing you to save on interest with up to 55 days interest free on purchases (no interest free days apply while you have a balance transfer), this card also gives you access to the Coles Mobile Wallet App, Mastercard Zero Liability Guarantee and fraud management system.
Overall Rating
An incredibly useable shopping rewards card, offering some great features and handy introductory offers, all with a low purchase rate and affordable annual fee.
User reviews
Rates and fees
Interest rates
Purchase rate 12.99% p.a.
Cash advance rate 19.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer revert rate 19.99% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from Coles
Credit limits
Minimum credit limt $2,000
Maximum credit limit N/A
Fees & repayments
Annual fee $58 p.a.
Additional card holder fee Up to 4 at no extra cost
Foreign transaction fee 2.5%
Minimum repayment 2%
Cash advance fee Min. $1.95 or 3% of transaction, whichever greater $5 for international cash advances
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Flybuys
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Flybuys Rewards points 0.5 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Receive $100 off a Coles Supermarket Shop when you make an eligible purchases within 30 days of approval.
Overview
Coles Low Rate Mastercard
Pay just 12.99% p.a. on purchases wrapped with a low annual fee of $58. Collect 1 point for every $2 you spend at Coles Supermarkets on your Coles Low Rate Mastercard. Enjoy Instant Rewards with $10 off your Coles shop every time you redeem 2,000 Flybuys points at Coles Supermarkets.
Key features
- 12.99% p.a. on purchases and 19.99% p.a. on cash advances.
- $58 annual fee
- 0% p.a. on balance transfers for 6 months. No balance transfer fee. (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.
- Receive $100 off a Coles Supermarket Shop when you make an eligible purchases within 30 days of approval.
- Collect 1 Flybuys points for every $2 spent at Coles Supermarkets
- Up to 55 days interest free on purchases if you do not have a balance transfer
- $10 instant off your Coles Supermarket shop when you redeem 2,000 Flybuys points
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian permanent resident
-
Minimum income of $25,000 p.a.
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
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