- No annual fee ever
- Receive 20,000 Flybuys bonus points, spend $3,000 or more on eligible retail purchases within 90 days of approval
- 0% p.a. on balance transfers for 12 months. No balance transfer fee applies. Reverts to cash advance rate.
- Collect 1 point per $2 spent
- Instant $10 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
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Coles Credit Cards
Coles No Annual Fee Mastercard
Updated 29 April 2022
Coles No Annual Fee Mastercard allows you to collect points with your shopping without paying an annual fee. Enjoy 20,000 Flybuys bonus points when you apply for a new card and spend $3,000 or more on eligible retail purchases within 90 days of approval. Plus, enjoy 0% p.a. on balance transfers for 12 months with no balance transfer fee. Reverts to Cash Advance rate. No interest-free days apply to retail purchases while you have a balance transfer.
T&Cs apply. Offer ends 31 July 2022
Purchase Rate (p.a)
19.99%
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
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline 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, it's a pretty good deal. 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 for every eligible $2 you spend. And if you apply for a new card by 31 July 2022, you will receive a sign-up bonus of 20,000 Flybuys bonus points. To receive the bonus points, you need to spend $3,000 or more on eligible retail purchases within 90 days of approval.
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.
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. Just take not that you can not get the interest free period while you have a balance transfer.
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
Rates and fees
Interest rates
Purchase rate 19.99% p.a.
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
Brands you can't balance transfer from Citi
Credit limits
Minimum credit limit $2,000
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
Bonus points 20,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 or more on eligible purchases within 90 days of approval
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 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 for every eligible $2 you spend when you use this card, and of course you pay no annual fee ever.
Key features
- No Annual Fee Ever
- Receive 20,000 Flybuys bonus points, spend $3,000 or more on eligible retail purchases within 90 days of approval
- Collect 1 point per $2 on eligible spend
- 0% p.a. on balance transfers for 12 months with no balance transfer fee. Reverts to cash advance rate. No interest free days apply to retail purchases 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
- Instant $10 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
Pauline is a personal finance expert at CreditCard.com.au, 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 a our credit card expert a question.
Ask a question288 questions (showing the latest 10 Q&As)
Does this credit card have a BPAY function? Can I transfer payments to this credit card when I provide my biller code and reference number?
Hi J, you sure can. Simply use the Biller Code: 8862 and you 15 Digit account Number to pay your Coles credit card.
I have been holding a credit card for over 20 years and all this time I having been paying off the month-to-month balance in full to avoid any interest charges. Since this card does not charge an annual fee, am I right to expect that if I continue to pay off the full my month-to-month balance in time, I can enjoy the satisfaction of using a credit card without incurring any interest or annual fee charges?
Hi Nick, good question! Looking closer at the Coles No Annual Fee card, if you will pay off the balance in full each month before the due date stated on your statement, yes you will not be charged any interest and no annual fee charged.
Could I link with my frequent flyer membership?
Hi Iwan, this card is under the Coles banner, which is flybuys. However, if you link your flybuys to your Velocity Frequent Flyer(VFF) account, you can transfer flybuys points to VFF to top up your account. If you want to earn points faster, you could consider the Coles Rewards Mastercard.
Hi, I have never had a credit card before. Can I prepaid or is it like you spend now and pay later? Also, what is that 19.99% rate?
Hi Nicole, a credit card is different from a prepaid card. A credit card is convenient especially during emergencies when you’re low in cash. When you apply for one, you will be given a credit limit that you can use monthly. However, on some credit cards you can preload your account into a positive balance (but this might attract a fee) I checked on the 19.99% and this is actually the interest rate that you will accrue for purchases made using the card. As long as you pay the full outstanding amount on or before the due date indicated in your statement, you will not accrue any interest. We have written some tips for when you’re applying for your first credit card and you can use our comparison tool to check the best card that works for you. Please also read the card’s terms and conditions and its TMD before proceeding with your application. Best of luck!
Hi how are you doing I just want know is there any option to upgrade or swipe Coles master card
Hi there Syed, if you’re looking to upgrade your Coles no annual fee card, take a look at our no annual fee credit card comparison. You can use our handy comparison tool to see the cards and then “save a card” to compare the offers side by side. Let us know how you go!
Hi, Can you tell me the cost (and availability) for a 2nd card, please ? Thanks, Tony
Hi Tony, I checked in on the Coles No Annual Fee credit card’s T&Cs and found that you can add up to 4 cards at no extra cost. You can easily request another card through Coles’ Online Service Centre.
Hi I am a total newbie when it comes to balance transfer cards - how do they work? I currently owe $2000 on a NAB credit card. Do I transfer that amount to a BT card, and how long do I have to pay it off before I get charged any fees?
Hi Julie, a balance transfer is when you transfer the balance/debt you owe from one credit card company to another. Do take note though that you can transfer a balance only up to the allowed limit set by the new card, which in this case is 80% of your approved credit limit for a Coles No Annual Fee credit card. So, you need to have an approved available credit limit of at least $2500 to be able to transfer $2000. Coles No Annual Fee card allows you to pay off your balance in 12 months without interest. Any balance left when the offer period ends will revert to 19.99%. Please keep in mind that different cards have different balance transfer offers. You can also check on some of the balance transfer credit cards we have listed for more options. Hope this has helped!
I have always had a Bank credit card with an auto pay set up for full payment each month. How do I pay a Coles MasterCard balance each month?
Hi Pamela, auto-paying your credit card is a great way to make sure you never miss a payment. The Coles Mastercard has a Direct Debit feature that allows you to pay automatically. You just let coles know the details or your bank and whether you want to pay the minimum balance or the full amount. Hope this helps!
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Creditcard.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.
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