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Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard

Coles Credit Cards

Coles No Annual Fee Mastercard

Updated 3 May 2024

Pay no annual fee plus get 0% p.a. interest on purchases for 6 months if you apply by 30 June 2024. Rate reverts to 19.99% ongoing purchase rate. Collect Flybuys points while you shop 🛒.

This card has some premium features that you won’t find on other annual fee-free cards, like purchase protection insurance and local and international Concierge services.

Terms and conditions apply.

Points Earn Rate (per $1 spent)

0.5 points


Rewards Program


Bonus Points


Pros and cons

  • Special savings: 0% p.a. on purchases for 6 months, plus no annual fee
  • Earning points: Earn 1 point per $2 on eligible purchases
  • Extras: add up to 4 free additional cardholders, and sync with Apple Pay, Google Pay and Samsung Pay wallets
  • Terms and conditions usually apply, so check our review and the PDS for details

  • Once the 6 month purchase promotion is finished, you’ll pay the purchase rate of 19.99% p.a. on any remaining balance review

Editor Review

Coles No Annual Fee Mastercard

Pauline Hatch
Pauline is a personal finance expert at, with 8 years in money, budgeting and property reporting under her belt. 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. Deal Digger: you're always on the lookout for freebie perks like insurances, dining discounts and earning points for paying bills. Healthy Spender: your cashflow is high but healthy and you want to earn high-volume points. Discounts and money tools are a bonus.

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).

The bonuses include 0% interest on purchases for 6 months, complimentary insurance covers and concierge service, which you almost never see on a card with no annual fee. I’ll explain the offers and how to use the card for the best value.

Editor's Review: What I love about the Coles No Annual Fee Mastercard

This card earns uncapped Flybuys points, which you can turn them 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.

0% p.a. on new purchases: You'll pay no interest on retail purchases for the first 6 months if you apply by 30 June 2024. That gives you time to pay off a bigger purchase or manage your cash flow for a period.

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.

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

Other perks

The Coles No Annual Fee Mastercard also comes with an interest-free period of 55 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.

Then there are the other surprising extras that are usually reserved for premium cards:

Concierge services. This is a free service that uses third-party agencies to make plans and bookings on your behalf. For instance, travel bookings such as flights and hotels, and entertainment like event tickets and restaurant reservations. They can also help with sourcing information on pet services, health clubs etc., and even with shopping for hard-to-find items or arranging gift purchases. Yes, it’s snazzy, and not enough people use this awesome service.

Insurance. This card 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 & Travel
1000 Flybuys points =
500 Velocity points
2000 Flybuys points =
$10 off your shop
Gift cards
20,000 Flybuys points =
$100 Bunnings gift card
Points are correct as at April 12, 2023. Points values may change without notice, so please check the Flybuys website to calculate your rewards.

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.

When you make new purchases using this card, you can enjoy a generous 55 days interest-free period. However, it's essential to manage your spending carefully to ensure you make the most of this interest-free period. Prioritising the repayment of your new purchases within this period can help you avoid any unexpected interest charges and make the most of the rewards program. A little financial planning can go a long way in ensuring that you fully capitalise on this purchase offer.

The same goes for the 0% on new purchases promotion. Make sure you have a plan to pay off your purchases before the promotion ends, because after that you'll be charged the 19.99% p.a. purchase rate.

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 transaction is over $65.

Overall Rating

Considering it has no annual fee for life, the Coles No Annual Fee Mastercard actually has a very decent set of extras, including 0% p.a. on retail purchases for 6 months. It’s a good card to consider if you’re after something that earns rewards points on your regular shopping but doesn’t have the big costs of a premium rewards card. And, you’ll still get five-star perks like concierge services and complimentary insurance covers for your purchases.

Its low $1000 credit limit also makes it a good one to look at if you’re a first timer, or to keep as an emergency fund. If you’re keen on the 0% p.a. purchase offer, just remember it’s for a limited time.

User reviews

Coles No Annual Fee Mastercard ( based on 19 user reviews )

40% rating based on 19 reviews

Customer Service


13 March 2024

No 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 card


3 August 2022

My 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 card


21 June 2022

Have 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 card
54% Visitor

13 March 2017

I 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

Rates and fees

Interest rates

Purchase rate 19.99% p.a.

Introductory purchase rate 0% p.a. for 6 months

Cash advance rate 19.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 19.99% p.a. for 99 months

Balance transfer revert rate 19.99% p.a.

Balance transfer from personal loan Yes

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Brands you can't balance transfer from Coles

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee 2.5%

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 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 Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No


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 when you use your card. Enjoy 0% p.a. on purchases for 6 months when you apply by 30 June 2024.


Key features

  • No Annual Fee Ever
  • 0% p.a. on purchases for 6 months. Reverts to purchase rate.
  • Collect 1 point per $2 on eligible spend
  • Up to 55 days interest-free on purchases
  • Up to 4 additional cardholders at no extra cost
  • Mastercard and Flybuys card in one
  • Complimentary access to 24/7 local Concierge and around the world

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

  • You have your personal details ready to complete the online application


Pauline is a personal finance expert at, with 8 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.

346 questions (showing the latest 10 Q&As)



7 May 2024
Is this card will be ok to use overseas
    Pauline -


    9 May 2024
    Hi Alex, yes you can use the Coles No Annual Fee card overseas. Please note that there’s a 2.5% foreign transaction fee for every overseas transaction, so it might not be “ok” in your books. There are ways to avoid those nasty credit card currency conversion fees, if you compare a range of credit cards.


4 April 2024
I noticed an over counter transactoiion fee, Does this mean if I go to pay my monthly balance at the post office I would get charged ?
    Pauline -


    18 April 2024
    Hi Geoffrey, yep you’re right, there is a $2.25 fee for using Bank@Post to make card repayments. There’s no fee for doing it online or using BPAY though. Thanks!


28 March 2024
The application for this card requires you to upload proof of income like pay slips and such. I am a self funded retiree on payments from from my super account so have no pay slips ?.
    Pauline -


    3 April 2024
    Hi Colin, you'll be able to use your superannuation statement as proof of money being debited to you. Most banks will ask for at least 3 months' statements. This blog on applying as a retiree might help. There is no specific information available on what Coles requires, but you can see what other banks ask for that might give you an idea. Thanks Colin!


5 March 2024
Are the 'no annual fee' credit card points in addition to the flybuys points earned ?
    Pauline -


    12 March 2024
    Hi Jean, this card used to have bonus points but it's now switched to a 0% interest on new purchases offer. You'll still earn Flybuys points when you use the card, and you can earn extra points if you tap your Flybuys card as well. Thanks Jean!


17 February 2024
Hi Pauline, a few questions on this "Coles No Annual Fee Mastercard" card: 1. At what point do I get charged interest if I dont pay off the balance? is it basically pay off what I owe by end of the month and get charged no interest? 2. Can I setup direct debit payments for bills directly to the credit card and get charged no fee's and earn flybuy points? 3. can flybuy points convert to virgin velocity points? 4. Does this credit card have an iphone app I can manage it with? 5. Do i need to do shopping at coles or can it be other supermarkets and still get flybuy points? I guess if you want to double dip you need to go coles right? 6. Is there a fee if we want another card? i.e. for my wife sorry for all the questions. looking for a new credit card as im currently with commbank earning qantas points for a fee of $120 a year but dont use qantas anymore!
    Pauline -


    4 March 2024
    Hi Jose, thanks for the questions. I'll answer below that lines up with your numbers.
    1. Interest can be a tricky thing. You can learn all there is to know with my guide on interest free days. Understanding your statement is crucial. Check your statement for the amount due as this card comes with a 0% p.a. on purchases for 6 months offer.
    2. Technically this is possible, provided the bills you aren't paying are to Government bodies (e.g. Water, council rates etc)
    3. They sure can. You can even choose to have this done automatically behind the scenes so you don't have to worry about it. You can also earn status credits in some cases too
    4. Yes. You can manage your card and flybuys account with the app.
    5. You are absolutely correct. You'll earn 0.5 points for every dollar you spend, and if you scan your flybuys card you'll get another point.
    6. There is no additional cardholder fees
    Hopefully that covers off all your questions Jose. It's great to see people researching their next credit card so thoroughly!
Phil Crowe

Phil Crowe

5 February 2024
Hi Pauline, Hope your well. In relation to the "Spend $3000 on eligible purchases within 90 days from approval" do you know what an "eligible" purchase would be? Regards, Phil.
    Pauline -


    6 February 2024
    Hi Phil, I understand your question, and it's a common one. Unfortunately, card issuers, including Coles, typically don't provide a specific list of what qualifies as 'eligible' purchases. However, these generally refer to your everyday transactions, such as buying groceries, filling up your car with petrol, visiting the vet, dining at a restaurant, and similar retail transactions. It's important to note that transactions like cash advances, balance transfers, fees, and charges are not considered eligible, as mentioned on Coles' website.

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