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Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard

Coles Credit Cards

Coles No Annual Fee Mastercard

Updated 25 February 2021

Coles No Annual Fee Mastercard allows you to collect points with your shopping without paying an annual fee. Collect 1 point per $2 on eligible spend when you use this card. Get 0% p.a. on balance transfers and purchases for 12 months.

T&Cs apply. Offer ends 31 March 2021

Purchase Rate (p.a)

0% p.a.

for 12 months. Reverts to 19.99% p.a.

Balance Transfer (p.a)

0% for 12 months No balance transfer fee.
Reverts to 19.99% p.a.

Annual Fee (p.a)

$0

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual fee ever
  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate.
  • 0% p.a. on purchases for 12 months. Reverts to 19.99% p.a.
  • Collect 1 point per $2 on eligible spend
  • $10 instantly off your Coles Supermarket shop when you redeem 2,000 Flybuys points at the checkout in-store each time
  • Tap & Pay with Apple and Samsung Pay

  • High purchase interest rate of 19.99% p.a.

Creditcard.com.au review

Editor Review

Coles No Annual Fee Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Coles No Annual Fee Mastercard

An awesome low cost credit card for Coles shoppers, the Coles No Annual Fee Mastercard provides heaps of shopping-related perks, as well as some very attractive introductory offers – all with no annual fee, ever.

Whether you always shop at Coles, or even if you don’t visit Coles that often, the Coles No Annual Fee Mastercard is a handy everyday credit card that lets you collect points as you spend. Is it enough for you, though? Let’s take a closer look to find out.

What we love...

When you take into account the fact that this card has no annual fee ever, that’s a pretty good deal indeed. As long as you pay off your balance month-to-month to avoid interest charges, you could be paying nothing for the card, while earning heaps in rewards or getting money off on your Coles shop. And the earn rate? That’s pretty simple too. You can collect 1 Flybuys point per $2 on eligible spend.

But that’s not all. With another double introductory offer on the table, you could benefit from 0% p.a. on balance transfers for 12 months, allowing you to pay off existing credit card debt, while saving big on interest. Enjoy 0% p.a. for 12 months on purchases. Reverts to the standard purchase rate of 19.99% p.a.

What’s not so great...

To be honest, there’s not much not to like about the Coles No Annual Fee Mastercard. While it does have a relatively high rate of interest on cash advances and purchases, these can be avoided by paying off the balance month-to-month, and saying no to the cash advance feature.

Why should you choose this card?

As an everyday credit card, this is a simple option that allows you to save money while earning rewards. Plus, there are some very handy features on offer. As a cardholder, you can take advantage of up to 55 days interest free on purchases, allowing you to manage your spending while saving on interest.

Just be aware that to receive those interest free days, you need to pay off the balance each month, and have paid off any balance transfers onto the card.

For Coles shoppers, this is a very convenient card to have in your wallet. For starters, you have a credit card and Flybuys card in one, plus you can enjoy $10 off your Coles Supermarket shop instantly when you redeem 2,000 Flybuys points at the checkout in-store each time.

Overall Rating

An excellent everyday rewards card for Coles shoppers, providing shopping-related perks and some great introductory offers with no annual fee.

User reviews

Coles No Annual Fee Mastercard ( based on 3 Creditcard.com.au user reviews )

71% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value
54%

Creditcard.com.au 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 12 months

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 12 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

Banks you can't balance transfer from Coles

Credit limits

Minimum credit limt $2,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 2.5%

Minimum repayment 2% or $30, whichever is greater

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 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

Tap & Pay with Apple and Samsung Pay.

Overview

Coles No Annual Fee Mastercard

Why pay an annual fee when you don’t have to? Coles No Annual Fee Mastercard still allows you to collect points with your shopping. You collect 1 point per $2 on eligible spend when you use this card, and of course you pay no annual fee ever.

Key features

  • No Annual Fee Ever
  • Collect 1 point per $2 on eligible spend
  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate.
  • 0% p.a. on purchases for 12 months. Reverts to 19.99% p.a.
  • Up to 55 days interest free on purchases if you do not have a balance transfer
  • Mastercard and Flybuys card in one
  • $10 instantly off your Coles Supermarket shop when you redeem 2,000 Flybuys points in-store at checkout
  • Interest rate of 19.99% p.a. on purchases and cash advances

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

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.

264 questions (showing the latest 10 Q&As)

Raed

Raed

4 March 2021
Can I transfer money into this credit card? Does this card have a BSB and Account Number? Can I use this card to take out cash if my account is in credit?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2021
    Hi Raed, assuming you meet all the eligibility requirements, yes, you can transfer a balance onto this credit card. It currently offers 0% p.a. for 12 months. Credit cards don't use the same BSB and account numbers as savings or transactions accounts. Usually the account number is the 16 digit card number. And yes, you can make cash advances on the Coles No Annual Fee Mastercard.
SNEZANA GRUJIC

SNEZANA GRUJIC

3 March 2021
I am looking at the best possible 0 transfer credit card.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2021
    Hi Snezana, there is no one "best" balance transfer for everyone. It depends on how long you need to pay off your debt (usually the longer the better - but a shorter offer where the card has more features could be more appealing), which card(s) your existing debt is on (you can't balance transfer between the same institutions) and the rates & fees (interest rates and annual fee you're willing to pay). I hope that helps you get started.
James Woo

James Woo

28 February 2021
can i have a second card for my wife
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 March 2021
    Hi James, to add an additional cardholder to a Coles credit card, you can sign in to the Online Service Centre, and apply for an additional card under the "Manage my Card" section.
Renae

Renae

18 February 2021
Hi, i am currently employed by NSW Health as a casual employee and have been since 28/11/2019. I have a mortgage with my partner and we have quite alot of equity. I have no other debts as i own my car. Would i be eligible to apply for a Coles Mastercard or would the fact that I am casual automatically decline my application?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    Hi Renae, the employment requirement for the Coles No Annual Fee Mastercard is that you have permanent full-time or part-time employment, or are self employed. If you do not meet this criteria, it is not suggested that you apply for the card.

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