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Coles No Annual Fee Mastercard

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Earn flybuys points for your spending, save with an ongoing $0 annual fee and take advantage of 0% interest on balance transfers for 18 months.

The Coles No Annual Fee Mastercard comes linked to flybuys rewards and saves you $10 at the checkout when you redeem 2,000 points.

0% p.a.

Balance transfer rate

for 18 months with 1.5% balance transfer fee

19.99% p.a.

Purchase rate


Reward points

Per $ spent (Visa/Mastercard)

$0 p.a.

Annual fee


Product NameColes No Annual Fee Mastercard
Rewards programflybuys
Balance transfer rate0% p.a. for 18 months with 1.5% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 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


  • Ongoing $0 annual fee
  • 0% p.a. on balance transfers for the first 18 months
  • Earn flybuys points for your spending


  • Charges a 1.5% balance transfer fee
  • Interest rate that applies after the introductory period is relatively high
  • flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
Rewards programflybuys
Rewards Points per $ spent (Visa/Mastercard)0.5
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual fee$0 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

The Coles No Annual Fee Mastercard is one of few credit cards that offer both rewards and no annual fee. With this card, you earn the equivalent of 0.5 flybuys points per $1 spent on eligible purchases made anywhere the card is accepted. This gives you a way to earn points when you shop with brands that aren’t already flybuys partners – although it’s worth noting that some other reward cards offer higher earn rates.

How to apply

If you want to apply for a Coles No Annual Fee Mastercard, you can fill in a secure application form via the Coles Financial Services website and should get a response within 60 seconds of submitting it. Before you get started, make sure you meet the eligibility criteria and have all the 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

  • No annual fee ever. This card charges a $0 annual fee for life.
  • Balance transfer offer. Get 0% interest on balance transfers for the first 18 months with a one-time 1.5% balance transfer fee when you apply by 31 August 2020. Any balance remaining at the end of the introductory period will be charged 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

  • Purchase rate. The Coles No Annual Fee Mastercard charges an interest rate of 19.99% p.a. for purchases.
  • Cash advances. If you use this card to withdraw cash or make other cash advance transactions, an interest rate of 19.99% p.a. will apply. A cash advance fee of 3% of transaction amount or $1.95 (whichever is greater), will also apply in Australia, and a fee of $5 applies if you make a cash advance overseas.
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