Coles Low Rate Mastercard

This card offers 0% interest on purchases and balance transfers for the first 12 months. Plus, 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. This sets it apart from other low rate cards, which don't usually earn points – although you'd have to be a regular shopper at Coles to make the most of this card's earn rate.

0% p.a.

Balance transfer rate

for 12 months with no balance transfer fee

0% p.a.

Purchase rate

for the first 12 months (reverts to 12.99% p.a.)


Reward points

Per $ spent

$58 p.a.

Annual fee

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameColes Low Rate Mastercard
Rewards programFlybuys
Balance transfer rate0% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (19.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate0% p.a. for 12 months, reverts to 12.99% p.a.
Annual fee$58
Interest-free periodUp to 55 days on purchases
Cash advance rate19.99% p.a.
Min credit limit$2,000
Card typeMastercard
Foreign currency conversion fee2.5%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo


  • 0% p.a. on purchases for 12 months, then 12.99% p.a.
  • Balance transfer rate of 0% p.a for 12 months, with no BT fee
  • $10 off your Coles Supermarket shop


  • Flybuys points are only earned at Coles Supermarkets
  • An international transaction fee of 2.5% applies
Rewards programFlybuys
Bonus pointsN/A
Rewards points per $ spent0.5
Rewards points capUncapped
Annual fee$58
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee2.5%
Cash advance fee3% or $1.95, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

This low-cost card gives you a way to save with the 0% introductory purchase rate offer and earn Flybuys points faster by collecting 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

  • 0% purchase rate offer. Save with a 0% interest rate on purchases for the first 12 months when you apply by 31 January 2022. After that, a standard purchase rate of 12.99% p.a. applies to your purchase balance. Note that you still need to meet repayment requirements during the interest-free period.
  • Balance transfer offer. Consolidate your debt with 0% p.a. interest on balance transfers for the first 12 months when you apply by 31 January 2022. Any balance remaining at the end of the introductory period will accrue interest at the variable cash advance rate, currently 19.99% p.a. Note that you won't be eligible for interest-free days when you have a balance transfer.

Rates & fees

  • Annual fee. This low rate Mastercard charges 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.
Go to site