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Coles Low Rate Mastercard

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Enjoy a low 12.99% p.a. interest rate on purchases and collect flybuys points when you shop at Coles.

The Coles Low Rate Mastercard earns 1 flybuys point per $2 spent at Coles Supermarkets, in addition to the points you earn when you scan your flybuys membership barcode.

0% p.a.

Balance transfer rate

for 6 months with no balance transfer fee

12.99% p.a.

Purchase rate


Reward points

Per $ spent (Visa/Mastercard)

$58 p.a.

Annual fee


Product NameColes Low Rate Mastercard
Rewards programflybuys
Balance transfer rate0% p.a. for 6 months
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)12.99% p.a.
Annual fee$58 p.a.
Interest-free period55 days
Cash advance rate (p.a.)19.99% p.a.
Min credit limit$2,000
Card typeMastercard
Foreign currency conversion fee (Visa/Mastercard)2.5%
Complimentary travel insuranceNo
Minimum Income$25,000
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo


  • Earns flybuys points on eligible purchases
  • Low purchase interest rate and up to 55 days interest-free
  • Balance transfer rate of 0% p.a for 6 months, with no balance transfer fee


  • flybuys Points are only earned at Coles Supermarkets
  • An international transaction fee of 2.5% applies
Rewards programflybuys
Rewards Points per $ spent (Visa/Mastercard)0.5
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual fee$58 p.a.
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee (Visa/Mastercard)2.5%
Cash Advance Fee3% or $1.95, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.

Expert review

This low-cost card gives you a way to earn flybuys points faster by offering 1 point per $2 spent when you use it to shop at Coles supermarkets. It also includes your flybuys membership details on the back of the credit card – so you only have to pull out one card when you’re shopping with flybuys partners.

How to apply

You can apply for the Coles Low Rate Mastercard online and you will get a response within 60 seconds of submitting the completed application form. Get started by making sure you meet the eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

  • Minimum income. You must earn at least $25,000 per year.
  • Eligible balance transfer debt. If you are planning to transfer a balance to this card, you can transfer up to 80% of your available credit limit from Australian accounts not issued by Citigroup.

Card benefits

  • Low interest rate. The Coles Low Rate Mastercard charges a low 12.99% p.a. interest rate on purchases, and you'll get up to 55 interest-free days.
  • Points for shopping at Coles. This card offers you flybuys points when you use it to shop at Coles Supermarkets, earning the equivalent to 0.5 points for every $1 spent. Note that points are awarded in whole numbers and are rounded down.

Rates & fees

  • Annual fee. This low rate Mastercard attracts an annual fee of $58.
  • Interest-free days. If you pay your account’s closing balance in full each month, you can get up to 55 days interest-free on purchases. Interest-free days are not offered for cash advance transactions and are not available when you have a balance transfer on your account.

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  1. Default Gravatar
    August 1, 2018

    I have applied my Coles low rate master card. I have don application online . It is submitted but not any application reference number I got it and don’t know status of my application.

    • Default Gravatar
      August 1, 2018

      Hi AJ,

      Thanks for leaving a question on finder.

      If you have applied and haven’t received any feedback as of yet, it would be best to speak directly with a member of the Coles Customer Care team at 1300 306 397.

      For further information, you might also like to check our guide on how to track your credit card application status.


  2. Default Gravatar
    July 27, 2017

    Is there certain stores I can use it on or can I use my Coles MasterCard anywhere

    • Avatarfinder Customer Care
      July 28, 2017

      Dear Crystral.

      Thanks for your comment.

      You’ll be able to use your Coles’ Low Rate Mastercard wherever Mastercard is accepted worldwide but just be aware you’ll be charged a 2.50% overseas transaction fee for all international purhcases and cash withdrawals, whether made in person or online. The card is also chip enabled so you can use the Mastercard PayPass functionality and “tap and go” for purchases under $100.


  3. Default Gravatar
    October 24, 2016

    Hi, as I already apply for my Coles credit card and it was approved but it’s already been like 3 weeks. I sent my details twice as asked but has not received any credit card yet. How can I track what’s happening?

    • Avatarfinder Customer Care
      October 25, 2016

      Hi sadikshya,

      Thanks for your inquiry.

      If you have applied and haven’t received any feedback as of yet, it would be best to speak directly with a member of the Coles Customer Care team at 1300 306 397.

      For further information, you might also like to check our guide on how to track your credit card application status.

      I hope this helps.


  4. Default Gravatar
    September 14, 2016

    if i have a balance of $6000 on another credit card and want to transfer that to your coles credit card, how do we do that?

    • Avatarfinder Customer Care
      September 20, 2016

      Hi Dan,

      Thanks for your question.

      Just to confirm, though, you have come through to, not Coles. However, you can still conduct the balance transfer to move your $6,000 debt to the Coles Low Rate MasterCard by clicking on the ‘Go to Site’ button and completing the online application.

      During the application, there will be a section dedicated to the balance transfer. Here you can nominate the account you’d like to balance transfer and provide the details of your debt (including the account it’s coming from and the size of the debt). Whether you can complete the balance transfer will also depend on which bank you’re transferring from. Please note that you can’t transfer balances from existing Coles credit card accounts or other accounts with Latitude Financial Services (such as 28 Degrees MasterCard). As you can transfer up to 100% of the available credit limit, you’ll want to make sure that you apply for a credit limit of at least $6,000.

      Please note that you’ll need to make sure that you meet the eligibility requirements, such as the minimum annual income, good credit history and residential status to receive approval.

      If your balance transfer is approved, it’ll be your responsibility to close your old account.

      For more tips, please see our guide on how to get your balance transfer application approved.

      I hope this has helped.



  5. Default Gravatar
    September 10, 2016

    I am self employed.Can I apply for credit card and what do i need?

    • Avatarfinder Customer Care
      September 21, 2016

      Hi Steve,

      Thanks for your inquiry.

      You can apply for this card as long as you meet the application and minimum income requirements, which in this case is $25,000.

      Before you apply, however, you need to prepare your personal details (complete name, date of birth, marital status, number of dependents, residential address, phone number, and email address), financial details, as well as your current flybuys number, if you have one.

      I hope this has helped.


  6. Default Gravatar
    September 7, 2016

    Hi there,

    If I apply for the Coles low rates mastercard and apply for the “0% p.a for 6 months” balance transfer. After the first 6 months of the balance transfer ends, what will the interest rate revert back to?

    On the Coles website, it doesn’t specifically say what the interest rate would revert back to after the first 6 month period.

    Your assistance is much appreciated and I look forward to your reply.

    Thank you.

    • Avatarfinder Customer Care
      September 7, 2016

      Hi Leo,

      Thanks for your question.

      For the Coles Low Rate MasterCard, your card will revert to the purchase rate of 9.99% p.a. after the balance transfer promotion period of 6 months. This information is also specified in the table above under Product Details section.


  7. Default Gravatar
    September 2, 2016

    If you have a balance transfer of say $5000 on 0% for 6 months and make purchase of $ 500 do you pay any interest if paid in full on statement date if still within interest free time.

  8. Default Gravatar
    August 25, 2016

    1.How is interest calculated when payment missed by due date and do benefits get lost in any way please provide example worked out as experienced a $5 interest charge became $60.00 (approx) by a bank which included previous interest free balances as part of the calculation, despite those balances all being paid and the o/s balance being fully paid to excess after only 3 days. hence even staff can’t calculate interest payable. they tried but when challenged on how they calculated it was clear they didn’t know what they were doing because the bank ripped off interest on monies which were not, should not be included.
    2. and again on purchases how is interest calculated

    • Avatarfinder Customer Care
      August 28, 2016

      Hi Jennifer,

      Thank you for inquiry,

      The credit card interest is calculated depending on what card you have, the type of the transactions you make, and when you make the payments. This is calculated on your account’s outstanding balance on a daily basis.

      For instance, you make a purchase for $30 on the third day of your statement period. Interest is calculated on the $30 balance for each day from the date you made the purchase until it is repaid in full. Interest is then added daily to calculate your monthly interest amount.

      If you want to have a better understanding about the credit card interest charges, you might like to read this article and find it useful.


  9. Default Gravatar
    August 24, 2016

    Hi, if I request a balanced transfer, do I still get the 65 days interest free on new purchases?

    Thank you

    • Avatarfinder Customer Care
      August 25, 2016

      Hi Ria,

      Thanks for your question.

      If you have a balance as a result of a balance transfer, you will not be able to take advantage of the interest-free period offer attached to Coles Low Rate MasterCard.


  10. Default Gravatar
    July 22, 2016

    Hi there,

    Can you please check if the 0% p.a. for 6 months on balances transferred is still available on the coles low rate mastercard?

    On the coles financial website, it seems like only the other coles mastercard have the feature and coles low rate mastercard doesn’t.

    Please let me know.


    • Avatarfinder Customer Care
      July 28, 2016

      Hi Leo,

      Thanks for your question.

      I’ve checked Coles’ website and yes, Coles Low Rate MasterCard has a balance transfer interest rate of 0% p.a. for the first 6 months. After the promo period, the interest rate on any remaining balance transfer amount shall be 9.99% p.a.


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