Earning points: Earn 1 point per $2 on eligible purchases
Extras: add up to 4 free additional cardholders at no extra cost
- Terms and conditions usually apply, so check our review and the PDS for details
Up to 44 days interest free on purchases
Eligible with Apple Pay, Samsung Pay and Google Pay
Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.
Coles Credit Cards
Coles No Annual Fee Mastercard
Updated 10 August 2025
A cost-conscious card with everyday value, this card comes with no annual fee, up to 44 interest-free days on purchases, and no fee for additional cardholders. Perfect if you’re looking for a simple way to manage your spending or start building your credit, this card also lets you collect 0.5 Flybuys points per $1 spent, up to $5,000 per statement period—helping you get more from your everyday purchases.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
0.5 points
FlybuysRewards Program
Flybuys
Bonus Points
N/A pts
Pros and cons
- High purchase interest rate of 20.74 % p.a.
Creditcard.com.au review
Editor Review
Coles No Annual Fee Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Who suits the Coles No Annual Fee card?
Globetrotter: you love travelling, and get a buzz from earning points that make your trips free and more fun.
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Deal Digger: you're always on the lookout for freebie perks like insurances, dining discounts and earning points for paying bills.
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Healthy Spender: your cashflow is high but healthy and you want to earn high-volume points. Discounts and money tools are a bonus.
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Coles calls its No Annual Fee credit card ‘uncomplicated value’, and I think that’s a spot-on description. It’s not a card with a zillion features, but it has two big power moves that are things people love: rewards points, and no annual fee (free stuff, basically).
⚠️ Temporary pause on Coles Credit Card applications
New Coles Credit Card applications will be unavailable from 10 August to 8 September 2025. If you're planning to apply, make sure to do so before 10 August.
Editor's Review: What I love about the Coles No Annual Fee Mastercard
This card earns uncapped Flybuys points, which you can turn into Velocity points or redeem for merchandise from the Flybuys online rewards store or in-person at Coles (that's how I have some very nice stemless glasses). Let’s look at the features first.
No annual fee: Yep, there’s no annual fee, ever. That’s an easy one.
Rewards points: You’ll earn 1 Flybuys point for every $2 you spend on eligible purchases anywhere, which makes it easier to accrue points if you're a Flybuys fan. It's not the highest earn rate you'll find (it's essentially 0.5 points per $1), but to earn more per dollar on other cards you'll start paying annual fees which lessens the value of your points anyway.
🔎 What items aren't considered eligible? The terms on the card say these purchases won’t count towards the $3000: “Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest, ATM charges, transactions made using Flybuys Points and government related transactions”.
Coles also has Easy Instalment plans, which let you split your purchases into smaller monthly repayments over a timeframe that suits your repayment ability. There are 3 types of Easy Instalment plans:
- Cash Instalment Plans, where you can withdraw cash and deposit it in your bank account
- Transaction Instalment Plans, where you nominate purchases you’ve made and split them into smaller monthly repayments
- Statement Instalment Plans, where retail purchases from your most recent statement are converted into monthly repayments
⚠ New Instalment Plans will be temporarily unavailable from August 2025. Any existing Instalment Plan you have set up will continue.
Other perks
The Coles No Annual Fee Mastercard comes with an interest-free period of 44 days on new purchases. This feature allows you to make everyday purchases without being charged interest during this period, as long as you pay off the full closing balance each month.
This card also comes with complimentary purchase protection insurance that covers items you bought with your card against loss, theft, and accidental damages, as well as extended warranty insurance that provides reimbursement in case your purchased items suffer a covered breakdown.
I’ve seen some negative reviews about customer service (as is usually the case with banks, honestly), but when I called to double-check a policy on the card I got through within a couple of minutes and had my question answered immediately by a very friendly representative. My experience isn’t a guarantee, of course, but it was a positive one for the record.
What can you get with Flybuys?
Flights & Travel1000 Flybuys points = 500 Velocity points |
Shopping2000 Flybuys points = $10 off your shop |
Gift cards20,000 Flybuys points = $100 Bunnings gift card |
Flybuys points are flexible to use and can be redeemed for:
Velocity Points, which is Virgin’s rewards program. You can use Velocity points for flights, flight upgrades, hotels, car hire and more.Merchandise from the Flybuys store, which includes over 1000 products such as appliances, technology, gift cards and homeware.
Money off your shopping at participating Flybuys stores like Bunnings, Kmart, Target, Catch, First Choice Liquor Market, Optus and Shell Coles Express.
Points + Pay, where you can make a purchase using some points and pay the remainder with cash.
| 💡Earn more points by double-tapping: tap your Flybuys card at the checkout when you pay with your Coles No Annual Fee Mastercard to earn additional points. The number of points you'll earn from your Flybuys membership card varies at participating stores but is generally 1 point per $1 spent. |
What's not so great...
This card is a fantastic tool for earning rewards on your purchases, but it's important to use it wisely to maximise its benefits. Here's what I mean.
This card has 44 days interest-free on new purchases, which means you can avoid paying interest if you pay the card off in time. As soon as you start paying interest, you lower the value of your hard-earned Flybuys points. Flybuys points are pretty flexible in how you earn and use them, so they're worth working for (especially if you funnel them into Velocity Points that turn into free flights).
There are some standard fees with this card, but nothing extraordinary or eye-popping. For instance, you'll pay 2.5% in international transaction fees, a $30 late payment fee and $1.95 per cash advance under $65 in Australia, or 3% if the cash advance transaction is over $65.
Overall Rating
Considering it charges no annual fee for life, this card offers solid everyday value. You’ll earn 0.5 Flybuys points per $1 spent (up to $5,000 per statement period), get up to 44 interest-free days on purchases, and pay no additional cardholder fee.
User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Cash advance rate 20.74% p.a.
Interest free period on purchases up to 44 days
Credit limits
Minimum credit limit $1,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2% or $30, whichever is greater
Cash advance fee $1.95 (under $65.00) or 3% (equal to or over $65.00); $5 (international)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Flybuys
Bonus points N/A points
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 Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Overview
Coles No Annual Fee Mastercard
Why pay an annual fee when you don’t have to? Coles No Annual Fee Mastercard allows you to collect points with your shopping – 1 point for every eligible $2 you spend using your card.
Key features
- No Annual Fee Ever
- Collect 1 point per $2 on eligible spend
- Up to 44 days interest-free on purchases
- Up to 4 additional cardholders at no extra cost
- Mastercard and Flybuys card in one
Minimum criteria to apply for this card
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Be over 18 years old
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Good Credit and have not applied for multiple credit cards recently
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Australian permanent resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question369 questions (showing the latest 10 Q&As)
Does this card work England ,Eroupe, Asia.
Hi Rex, yes, the Coles No Annual Fee Mastercard is accepted worldwide wherever Mastercard is honoured, including in the UK, Europe, and Asia. However, it does attract a 2.5% foreign transaction fee. If you’d prefer to avoid that cost, please feel free to explore some of the other textno foreign transaction fee credit cards for alternatives.
Is there an android app for this credit card to see recent transactions or balances?
Hi Richard, yes Coles Credit Cards have an app. It’s called the Coles mobile wallet and you’ll be able to see your purchases and your balance in real time. It also shows you your flybuys balance too.
Does the Coles Mastercard work like other cards _ i.e. can I use it to BP my utilities, insurance, etc?
Hi Judy, this Coles Credit Card works like any other credit card as it will be accepted wherever Mastercard is. Just be careful with paying certain bills as you might get stung with the cash advance rate of interest.
Is the interest rate charged on all purchases or just on the amount unpaid/oustadning after the due payment date?
Hi Wanda, Yes, the purchase rate applies when you don't pay the full balance by the due date. If you pay in full, you won’t be charged interest. Thanks!
What is the purchase interest rate
Hi Mardi, the purchase rate at the time of reply is 20.74% p.a. Thanks
Years ago I had a coles mastercard. i have tried to apply for card in recent times but it has been refused.
I pay off my credit card weekly. i am wanting to have a credit card with no annual fees as my ANZ FEE aretoo high.
Hi Evelyn, sorry to hear about your situation. It’s generally not a good idea to apply for multiple credit cards in a short period of time and that’s why we wrote a piece about what to do when your credit card application is declined. There’s tips in there on how to assess your situation and what you can do to try to improve your chances of maybe being approved next time. Hopefully this guide will help you out.
Last month I paid on 3rd but now I have an email saying next months payment is DUE on the 3rd...
WHY ??? is the payment date being bought forward more and more ???
Hi Gary, this is a tricky one as it depends on your statement periods which will be set out on your statement. If you need to chat to customer service about your account, they're available 24/7 on 1300 306 397. Hope this helps!
what are the payment methods of repayments
Hi Ama, Coles have three options available for you to pay your account. You can do it via direct debit, at Australia Post of via BPAY
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sorry another question I use a CC for everything and its paid off each month and no not get charged any fees. I have read if a transaction is over $65 I will get charged 3% is that right. I take that as all bills paid that are more than $65 I will get charged for using the card! is this correct. look forward to your reply
thanks
Heather
Hi Heather, happy to clear this up for you. The 3% transaction fee for amounts or $65 an over is only for cash advances. So any transaction that is classified as a cash advance equalling or over $65 will incur this fee. If it’s under $65 the fee will be $1.95 per transaction. Hope that has helped you Heather.
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Brice
13 March 2024No annual fee so I didn’t expect anything but it’s good one. I’ve been using it for 2 years and got 4 times of $10 off offer with Flybuys in Coles. It fits my ordinary life.
Recommends this cardMar11Bee
3 August 2022My only gripe is the complication of unblocking my account when I accidentally keyed in the incorrect app pin and password. Only way to fix this is to phone them. Phone workflow could be better.
Recommends this cardPAUL LOWRY
21 June 2022Have had for some time and very happy. To get the most value, you must pay off in full every month. No annual fee and we regularly get a $10 shopping voucher taken off next Coles shop.
Recommends this cardCreditcard.com.au Visitor
13 March 2017I have used my new credit card many times but keep getting conflicting information about the $100 offer Today I was told that I had to spend over $100 to receive it. Other times I was told to spend any amount activates the $100 offer. Not happy.
Recommends this card