- 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
- Tap & Pay with Apple and Samsung Pay
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Citi Simplicity Credit Card
0% p.a. on Purchases and Balance Transfers
No annual fee or late fees. No BT fee applies, reverts to the cash advance rate.
Coles Credit Cards
Coles No Annual Fee Mastercard
Updated 4 January 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 January 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
Pros and cons
- 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. Ask Roland a Question 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.
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
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 No
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%
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 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
- 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 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 question258 questions (showing the latest 10 Q&As)
Do you still have the $100 bonus when you applied for no annual fee MasterCard
Hi Jenny, it looks like Coles have just removed this extra feature. This is a shame as it improved the offer. Though they do have the $100 off on the Rewards and Low Rate Coles cards still.
I earn money through both a casual job and youth allowance. Are both these considered as part of my annual income?
Hi Nadia, I don't think Coles sees the youth allowance as income. Some providers do. No annual fee cards are actually harder to get approved for. I suggest you look at a low rate card e.g. ANZ Low Rate.
Hi, I just recieved an offer from Coles for this credit card. When I checked thier website all the information you mentioned was correct, excpet; Over-the-Counter Transaction Fee will be $2.25 ? can you please explain what this mean ? does it mean everytime I use the card to purchase I am charged $2.25 ?
Hi Ray, this is just when you make a payment off the card over the counter. At somewhere like Australia Post. Typically the easiest way to pay a credit card is through bpay where no additional fee applies.
I don't have an accountant and so can't get past that question?? Was told to put a 0 in there, that didn't work, and have tried everything but can't get past it?? What do I do?
Hi Beverly, so you put together your tax returns yourself? If this is the case, then you can list yourself as the accountant for the form. This could be a good hack for getting through the form.
Hi there, just wondering if I used the credit card to pay for my Coles grocery shopping would I still get 1 point for each $1 spent like I get when I scan my flybuy card?, or would it drop to 1 point per $2 dollar spend? or would I get 3 points per $2 spend (eg, the usual point per dollar, plus the 1 point for using the credit card to pay)
Also, if I just paid for my Coles shop with cash in store, would I use the credit card on the scanner to receive usual 1 point per dollar spend ? Or use my existing flybuys card to get the points
Hope those questions make sense.... thank you
Hi Sharon, I believe you would get the usual plus the extra from the card. Therefore 3 per dollar spent. If you paid cash, you can just use your existing flybuys card to get the points.
Hi, I have 2 questions around eligibility & process? I am 60 years old & on a pension - am I still eligible? Must I close my existing card - as it is connected to many things including my home loan?
Hi Michelle, its hard to get approval when a pensioner. You would need other income outside the pension. I do not advise you to close your current credit card. Just in case you will not be approved for this or another. Checking the eligibility you need employment for approval. Eligibility criteria. 18 years or older and a permanent Australian resident. Permanent full-time or part-time employment, or self employed. Earn a minimum income of $25,000 per year or more. Have a good credit rating. Have an Australian mobile phone number. Have your email address handy so you can receive electronic statements and other communications via email. Have your existing flybuys membership number ready (if you have one)
I'm using the Coles 'Mobile Wallet', to keep track of my spending, using the Coles 'No Annual Fee' Mastercard. It's good.
I wish to set up a Direct Debit payment for the card, from my Bank.
Within the Wallet, under Payments tab (at bottom of screen)- there are links to 'Bpay', & 'Pay Card' (red logo, with red tick over a stylized credit card).
Is this a fast way to set up DD, with my bank?
Hi Jeroen, I am not sure what the fastest way to do it is. I have found this PDF. https://financialservices.coles.com.au/~/media/financial-services/files/creditcards/direct-debit-form.pdf for setting it up. As far as I can see there is no ability from the Mobile Wallet to setup any direct debit.
I want to no if I can get a credit card
Hi Allan, it is difficult to understand if you will get approved. Really only through applying can you know. The key is to make sure you meet all minimum requirements at least. Eligibility criteria: 18 years or older and a permanent Australian resident
Permanent full-time or part-time employment, or self employed. Earn a minimum income of $25,000 per year or more. Have a good credit rating. Have an Australian mobile phone number. Have your email address handy so you can receive electronic statements and other communications via email. Have your existing flybuys membership number ready (if you have one).
Hi, I'm wondering whether the coles credit card allows two balances to be transferred?
Hi Natalie, yes you should be able to transfer 2 non-Citi issues credit card balances to this Coles no annual fee offer.
Does the coles no annual fee mastercard allow supplementary card holders and if so is there a fee for that?
Hi Mario, from what I can see. You can get up to 4 at no extra cost with the Coles No Annual fee card.
is city banb behind this card
Hi Wal, Coles unsecured credit products are issued by Citigroup Pty Limited ABN 88 004 325 080, AFSL and Australian credit licence 238098 (Citigroup) and distributed by Coles Supermarkets Australia Pty Ltd ABN 45 004 189 708 (Coles). Coles receives commission for the introduction of credit business to Citigroup
Hello, my Mother [71] has been twice been refused for this card, yet my father [74] was accepted?.. Married 50yrs.. own home.. decent retirement funds.. yet she is "female".. is this a sexist thing?
Hi Sean, I am not aware of banks not approving applications based on sex. What cards has she applied for? When was her last application? What is her income on your NOA from the ATO? When you are older it can be harder to get approved. Though good that your father was approved at 74.
im apllying for coles credit card no annual fee. and there is a question rhat i have to put an amout how much will im going to tranfer money and there a minimum amount why is that and im still applying for the card is it a legitimate or not?
Hi Dennis, the balance transfer component is optional. You do not need to complete this if you are not doing a balance transfer.
Hello,
i want to use these credit cards as a business. Can i do that?
I would need 3 cards
Hi Carlie, if the card is going to be used for business only. Then I suggest that you review our business credit card options. Most reward programs on personal cards will state that you do not earn points on any business expenses. Though in reality this rarely seems to be enforced. Though with a business card then you are not personally liable. Many small businesses use personal cards for business expenses and seem to get away with the points earning.
I recently was overlimit on a Thursday and wanted to make a payment so I could use my card on the weekend. BPay takes 3 or 4 business days, is there a faster way?
Hi Barry, You can pay at the post office. An Over-the-Counter Transaction Fee of A$2.25. Cash and EFTPOS payments will be applied to your account on the day you make the transaction.
If I purchase something in march2019 using this card, will I still get 15 months interest free on that purchase? Does 15months interest free apply only to certain shops? How do I actually get the 15 months interest free for purchases?
Hi Adel, you have 15 months interest free on purchases from the time your card is approved. So if you get approved on Jan 1 - then you have until April 1 2019 interest free on purchases. So if you purchase something on April 1st, then you would get up to 1 year interest free. The interest free period applies to all purchases made during the intro period.
with the 15 months interest free purchase. IIf i paid for a holiday in January would i get this offer?
Hi Sean, you get 15 months interest free on purchases since your card activation. Therefore if you applied and were approved (and activated) in December for your Coles no annual fee credit card. Then you would have 14 months interest free left in Jan, 13 months in Feb and so on. You will not simply receive 0% for 15 months on all purchases. Just that period of time from activation that will have no interest on purchases. So yes you will get your holiday interest free in January. Through when the period runs out on your balance will be 15 months from card approval.
Hi Roland
do you know if the low master card 15 month interest free treat Bpay as a Normal purchase or cash advance?
thanks in advance
Hi FER, it will depend how the BPAY merchant themselves handles the transaction. Though most bpay payments should be considered purchases. Thus enjoying the interest free period that comes with this Coles No Annual Fee special offer.
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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.
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