What are the features of the Coles Gift Mastercard?
Although not your typical credit card, there are still some features of the Coles Gift Mastercard you will be interested in:
- Load amount. The prepaid Gift Mastercard can be loaded with up to $1,000 at a time.
- Credit card logo. This card has the Mastercard logo, allowing it to be used at over 38 million locations around the world and online.
- Overseas use. You can use this card to make purchases when travelling overseas.
- Security. The card is not activated until you or your recipient receive it in the mail and activate it online. In addition, there is a pin on the back which you must enter when making a purchase.
- Account management. You can track your balance and transactions online, much like you do with your regular debit card.
- No interest. You are not charged any interest on your purchases.
- Fees. There is a card purchase fee of $5, plus a replacement fee for the same amount if you lose your card.
- Currency conversion fee. If you make any purchase that requires the conversion of currency, you will be charged 3% of the Australian dollar amount.
- Phone service. If you use phone service for any transaction that can be done online, you will be charged a fee. This includes $4 for talking with a customer support centre consultant and $0.50 for checking your balance over the phone.
- Expiry. The Coles Gift Mastercard expires after 12 months. Any balance is forfeited and nonrefundable.
- Upgrade. At any time before the expiry date, you can pay $5 and upgrade the Gift Mastercard to a reloadable prepaid card.