60 secs response- Collect flybuys points
- Low rate on purchases
- 0% p.a. on balance transfers for 15 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
- Receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase within 30 days of approval.
- $10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points
Hi, I’m the site founder and I will personally answer your question within a business day.
Purchase rate
12.99% p.a.Balance transfer
0% 15 monthsreverts to 19.99% p.a. No BT feeAnnual fee
$58 p.a.Pros
Collect flybuys points
Low rate on purchases
0% p.a. on balance transfers for 15 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
Receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase within 30 days of approval.
$10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points
Cons
Cash advance rate of 19.99% p.a.
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
- Receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase in the first 30 days.
- 12.99% p.a. on purchases and 19.99% p.a. on cash advances.
- $58 annual fee
- 0% p.a. on balance transfers for 15 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.
- 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
50% of customers who have rated this card would recommend it
| Interest Rates | |
| Purchase rate | 12.99% p.a. |
| Cash advance rate | 19.99% p.a. |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 15 months |
| Balance transfer fee | No fee |
| Balance transfer revert rate | 19.99% p.a. |
| Balance transfer limit | 80% of your approved new credit limit |
| Balance transfer from personal loan | No |
| Banks you can't balance transfer from | Citi ,Coles |
| Credit limits | |
| Minimum credit limit | $2,000 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $58 p.a. |
| Additional cardholder fee | Up to 4 at no extra cost |
| Cash advance fee | Min. $1.95 or 3% of transaction, whichever greater $5 for international cash advances |
| Foreign transaction fee | 2.5% |
| Minimum repayment | 2% |
| Late payment fee | $30 |
| Credit card type | Mastercard |
| Rewards program | |
| Rewards program |  flybuys |
| Annual points cap | uncapped |
| Bonus points spend criteria | N/A |
| Earning points with this card | |
| flybuys points | 0.5 points per $1 spent |
| Overseas earn rate | same as standard earn rate |
| Points cap per month | N/A |
| Complimentary insurance | |
| Flight inconvenience insurance | No |
| Transport accident cover | No |
| Smartphone screen insurance | No |
| Purchase protection insurance | No |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
| Extras | |
| $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase in the first 30 days |
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.
For limited time receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase within 30 days of approval.
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 15 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.
84 questions (showing the latest 10 Q&As)
- Be over 18 years old
- Good credit and 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
Pros and cons
- Cash advance rate of 19.99% p.a.
Creditcard.com.au review
Editor Review
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.
For limited time receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase within 30 days of approval.
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 15 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 on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 15 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 Citi, 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 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
Overseas travel insurance No
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
$100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase in the first 30 days
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
- Receive $100 off a Coles Supermarket shop when you apply by 30 June 2019 and make a purchase in the first 30 days.
- 12.99% p.a. on purchases and 19.99% p.a. on cash advances.
- $58 annual fee
- 0% p.a. on balance transfers for 15 months (Reverts to Cash Advance rate). No interest free days apply while you have a balance transfer.
- 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.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question84 questions (showing the latest 10 Q&As)
How long does it take to get an answer after one has applied for a Coles MasterCard online
Hi Mark, it typically takes 5-10 working days to fully process a credit card application. This would be similar for the Coles low rate Mastercard. You can always call Coles credit card customer service if you are wanting an update.
How do I apply for Coles low rate Master Card
Hi Ian, you can apply for the low rate Coles credit card directly on their site - https://financialservices.coles.com.au/credit-cards/low-rate-mastercard. Good luck with your application.
Roland : How to avoid Cash advance rate of 19.99% p.a.?
what do you suggest ?
i want to use the 15 month interest free only .
Understand, who wouldn't. Just use the card for everyday purchases. BPAY should be ok but best to check to make sure with the company you are making BPAY payment 2. Make sure you have a plan in place to pay off the purchases during the intro period. Any unpaid amount at the time will revert to standard purchase rate (not cash rate). A balance transfer could be an option closer to the intro rate expiring to avoid the high interest.
Past statements for JUNE to September 2018
Hi Graham, you can log into the Coles credit card online service centre to view statements - https://www.secure.coles.com.au/apps/auth/signin
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