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Exclusive Offer

Coles Low Rate Mastercard – Exclusive Offer

Last updated:  

Save with $100 off a Coles Supermarket shop and 0% on balance transfers for the first 6 months.

The Coles Low Rate Mastercard has a 12.99% p.a. interest rate for purchases and 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

$58 p.a.

Annual fee

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder.


Product NameColes Low Rate Mastercard - Exclusive Offer
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 rate12.99% p.a.
Annual fee$58
Interest-free period55 days
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


  • $100 off a Coles Supermarket shop
  • 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 $ 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

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

This low-cost card gives you a way to get $100 off a single shop at Coles supermarkets, which would completely offset the $58 annual fee in the first year. You can also use this card to 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 via 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

  • $100 off a Coles shop. You'll get $100 added to your Flybuys account when you apply through Finder by 29 October 2020 and use your new Coles Low Rate Mastercard to make an eligible retail purchase in the first 30 days from when the card's approved. The $100 will be added within 4 weeks of meeting the spend requirement and you'll have 90 days to use it on a single shop of $100 or more.
  • 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 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.
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