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Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard

Coles No Annual Fee Mastercard

Updated 26 November 2019

Apply by 31 January 2020

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 BT 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
  • Pay 0% p.a. on purchases for 12 months when you apply by 31 January 2020
  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate. No interest free days apply while you have a balance transfer.
  • Up to 55 interest free days on purchases if you do not have a balance transfer
  • Collect 1 point per $2 on eligible spend
  • $10 instant off your Coles Supermarket shop when you redeem 2,000 flybuys points

  • 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 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. No interest free days apply while you have a balance transfer.

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.

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 2 Creditcard.com.au user reviews )

67% rating based on 2 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 No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Citi, 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 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

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
  • Pay 0% p.a. on purchases for 12 months when you apply by 31 January 2020
  • 0% p.a. on balance transfers for 12 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
  • Mastercard and flybuys card in one
  • $10 instant 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

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.

247 questions (showing the latest 10 Q&As)

Sean C

Sean C

30 August 2019
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 August 2019
    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.
Dennis

Dennis

1 July 2019
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 July 2019
    Hi Dennis, the balance transfer component is optional. You do not need to complete this if you are not doing a balance transfer.
Carlie

Carlie

13 March 2019
Hello, i want to use these credit cards as a business. Can i do that? I would need 3 cards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 March 2019
    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.
Barry

Barry

4 February 2019
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 February 2019
    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.
Adel

Adel

18 December 2018
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 December 2018
    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.
sean

sean

4 December 2018
with the 15 months interest free purchase. IIf i paid for a holiday in January would i get this offer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 December 2018
    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.
FER

FER

15 November 2018
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 November 2018
    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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