- Collect flybuys points
- Low rate 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
Pros
Collect flybuys points
Low rate 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
Cons
Cash advance rate of 19.99% p.a.
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 6 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 |
Coles Low Rate Mastercard
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.
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.
84 questions (showing the latest 10 Q&As)
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 (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
- 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
Mark
7 December 2018Roland
10 December 2018Ian
16 November 2018Roland
16 November 2018FER
16 November 2018Roland
16 November 2018graham page
27 September 2018Roland
28 September 2018