Coles No Annual Fee Mastercard

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  • Once approved, you will typically receive your credit card within 1-2 weeks
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Receive $100 off a single Coles Supermarket shop, earn points for your spending and save with no annual fee ever.

The Coles No Annual Fee Mastercard lets you earn flybuys points per $1 spent on eligible purchases, everywhere you use the card. It also features a $0 annual fee for the life of the card.

You can also enjoy $100 off a single Coles Supermarket shop if your application is submitted and approved by 31 December 2017 and you make a purchase within the first 30 days from the card approval date.

Product NameColes No Annual Fee Mastercard
Rewards Programflybuys
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date31 December 2017
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 62 days on purchases
Cash advance rate (p.a.)19.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Minimum Monthly Repayment2.22% or $10 (whichever is greater)
Minimum Income$25,000
Card TypeMastercard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$0 p.a.
Minimum Repayment2.22% or $10 (whichever is greater)
Late Payment Fee$20
Cash Advance Fee3% of the cash advance/cash equivalent transaction or $1.95 - whichever is greater
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes

Pros

  • New cardholders who apply, are approved by 31 December 2017 and make an eligible purchase within the first 30 days of the card approval date will receive $100 off a single Coles Supermarket shop.
  • Enjoy 0% p.a. for 6 months on balance transfers.
  • Pay a $0 annual fee for the life of the card.
  • Get up to 62 interest-free days on purchases.
  • Earn 1 flybuys point per $2 spent on eligible purchases.

Cons

  • A fee of $20 for late payment will be charged.
  • Points accrual is based on 1 point per $2 spent, which is comparably low to other cards
  • Cash advances are subject to a 3% fee of the cash advance amount.
Rewards Programflybuys
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped
Points ExpiryNever

Coles No Annual Fee Mastercard review

As well as no annual fee, this Coles Mastercard comes linked to flybuys rewards and earns 0.5 points per $1 spent on eligible purchases. It also doubles as your flybuys card, with the membership barcode included on the back.

Other benefits include up to 62 interest-free days, a free delivery option with Coles Online and additional cardholders so you can share your account with a partner or family member. If you're interested in applying for the Coles No Annual Fee Mastercard, use this review to weigh up the features, benefits and fees.

Benefits of the Coles No Annual Fee Mastercard

Here's an overview of the benefits you can get with the Coles No Annual Fee Mastercard:

  • $100 off a single Coles Supermarket shop. To take advantage of this offer, you'll need to apply as a new customer, be approved by 31 December 2017 and make an eligible purchase within the first 30 days. The $100 off will be activated on your flybuys account and will be available for use within 2 weeks of your first eligible purchase. To redeem the $100 off, you must scan your flybuys barcode and spend a minimum of $100.05 after savings and discounts in one transaction at Coles Supermarkets or BI-LO. Discount can only be redeemed once and expires on 31 March 2018.
  • 0% p.a. on balance transfers for 6 months. Save on interest charges and pay off your credit card debt faster with a 0% p.a. interest rate on balance transfers for the first 6 months. After the promotional period, the interest rate reverts to the purchase rate.
  • No annual fee. The Coles No Annual Fee Mastercard has a $0 annual fee for life.
  • Earn flybuys points. Earn flybuys 0.5 points per $1 you spent on eligible purchases. Points are awarded in whole numbers and rounded down. If you're not already a member of the flybuys program, you will be automatically enrolled when you apply for the Coles No Annual Fee Mastercard. If you earn or redeem points at least once every 12 months, your flybuys points do not expire.
  • Enjoy $10 off at Coles Supermarkets. Enjoy $10 off at any Coles Supermarket after redeeming 2,000 flybuys points. This excludes purchases of smoking/tobacco related products and all gift cards.
  • Up to 62 interest-free days. Save on interest charges with up to 62 days interest-free on purchases when you pay the full balance by the due date on each statement. Interest-free days do not apply to cash advances or if you’re carrying a balance from month to month, including when you transfer a balance to a credit card under a balance transfer promotion.
  • Free delivery when you order from Coles Online. Receive free delivery on your orders from Coles Online when you spend $100 or more with your Coles Mastercard from the online store. This excludes tobacco and tobacco-related products and remote delivery orders.

Features of the Coles No Annual Fee Mastercard

Keep these features in mind when you're comparing the Coles No Annual Fee Mastercard:

  • Coles Mobile Wallet. With the Coles No Annual Fee Mastercard, you can pay and collect flybuys points with your phone. This also allows you to keep track of your purchases with ease.
  • Foreign currency conversion fees. 0% on purchases and 1.5% of transaction amount for cash withdrawals.
  • Additional cardholders. If you want to share your account with your partner or a family member, you can request an additional card for $0 per card, per year. This may help you earn flybuys points faster. Just remember that if you're the main account holder, you'll be responsible for all repayments and account management.
  • Card fraud protection. Mastercard Zero Liability Guarantee gives you a money back guarantee if you’re the victim of card fraud.
  • PayPass payment technology. The Coles No Annual Fee Mastercard is PayPass enabled. Tap your card against the contactless terminal for purchases under $100.
  • Online account management. Cardholders can manage your account and pay bills through the mobile app or online. This creates an easy way to manage your finances, check balances and view all your account information securely.

How to apply for the Coles No Annual Fee Mastercard

You can apply for the Coles No Annual Fee Mastercard online in around 10-15 minutes and should receive a response within 60 seconds of submitting your application. Before you apply, make sure you meet the following eligibility requirements and have necessary documents and details on hand:

Eligibility criteria

  • You are at least 18 years old
  • You earn more than $25,000 p.a.
  • You must be a resident of or have the right to work in Australia

Required documents

  • Details of your income and employment
  • Personal identification i.e. Australian driver’s license
  • Your current flybuys number (if you have one)

The Coles No Annual Fee Mastercard offers many ways to save on standard card costs, including the $0 annual fee, Coles shopping benefits and flybuys rewards. As this isn't the only no annual fee credit card on the market, make sure you compare your options before applying.

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681 Responses

  1. Default Gravatar
    janeJuly 31, 2017

    Can I have a second card so there are 2 users of the card ?

    • Staff
      LiezlJuly 31, 2017Staff

      Hi Jane,

      Thanks for your question.

      Yes, you may contact Coles directly to request an additional card for free. Please note that additional cards can be issued to applicants over the age of 16.

      Cheers,
      Liezl

  2. Default Gravatar
    PeterJuly 17, 2017

    I have been offered credit cards by my bank (NAB) for use by my company car drivers in their name but paid for by the company. There is an annual fee for each card. Can you do something similar but for no annual fee? There are about 8 or 9 cards required.

    • Default Gravatar
      JonathanJuly 19, 2017

      Hello Peter,

      We understand that you want to have no annual fees card for your drivers. You may compare our list of no annual fee cards for your needs.

      If you wish to get more out of spending on fuel by getting points, fuel cards may also be an alternative. They may have some monthly account fees but are smaller than regular petrol credit cards.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    JanJune 12, 2017

    The no annual fee card, does it have an account establishment fee?

    • Staff
      DanielleJune 13, 2017Staff

      Hi Jan,

      Thank you for contacting finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

      The Coles No Annual Fee Mastercard does not have an annual fee or a set up fee. All the fees and repayments are listed on the page, simply click on “Fees & Repayments” right next to “Application Requirements”. For more details, you may click on the orange “Find out more” button, or the green “Go to Site” button.

      I hope this helps.

      Cheers,
      Danielle

  4. Default Gravatar
    JasperJune 1, 2017

    How can I tell if my Coles mastercard is no annual fee. It doesn’t say anywhere on the card.

    • Staff
      JhezelynJune 1, 2017Staff

      Hi Jasper,

      Thanks for getting in touch with finder.com.au.

      You can determine if your Coles Mastercard has no annual fee, if the bottom front part of the card shows “NO ANNUAL FEE” embossed on it.

      Hope this helps.

      Regards,
      Jhezelyn

  5. Default Gravatar
    JasperJune 1, 2017

    How can I tell if my Coles MasterCard has no annual fee?

    • Staff
      RenchJune 1, 2017Staff

      Hi Jasper,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer a general advice.

      It’s stated on this page that they offer 0% annual fee for Coles Mastercard. It’s best to give your card details to Coles Financial Services and contact them directly to confirm if your card has no annual fee.

      Best regards,
      Rench

  6. Default Gravatar
    TracieMay 16, 2017

    1. can I put the Coles No Annual Fee Mastercard under a business, with an ABN number.

    2. And can I transfer from my business credit card to the 0 % per 6 months interest free balance.
    Thanks

    • Staff
      AnndyMay 22, 2017Staff

      Hi Tracie,

      Thanks for your question.

      Coles No Annual Fee Mastercard is only available to individual applicants and not businesses.

      If you are looking to apply for a balance transfer credit card for businesses, you may compare your options here.

      Cheers,
      Anndy

  7. Default Gravatar
    LouiseApril 5, 2017

    I transferred from a Coles MasterCard with an annual fee to Coles no annual fee card earlier this year am entitled to the no interest period.

    • Staff
      HaroldApril 6, 2017Staff

      Hi Louise,

      Thank you for your inquiry.

      As long as you’ve been approved for Coles No Annual Fee MasterCard you can be entitled for no annual fee. But it would be always nice to double check with the provider your eligibility.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    GBFebruary 14, 2017

    I am retired with a defined benefit pension of over $25,000 pa, is a statement from my super fund showing annual defined income adequate for your application?

    • Staff
      AnndyFebruary 14, 2017Staff

      Hi GB,

      Thanks for your question.

      Coles accepts credit card applicants who are retired or are receiving pensions, but subject to eligibility criteria.

      For retired applicants, this will depend on your level of income. If you’re a self-funded retiree with a superannuation income, you’ll need to provide a recent superannuation statement. If you have a term deposit, you’ll need to provide your term deposit statement. If you have an investment property, you can submit the 3 most recent rental income statements.

      For pensioners, it depends on your source of your pension. If it’s from Centrelink, you’ll need to provide a pension statement. If it’s from the Department of Veteran Affairs, you’ll need to provide statements from there.

      You may also check this page to compare other lenders who consider retired or pensioner borrowers.

      Cheers,
      Anndy

  9. Default Gravatar
    EdFebruary 9, 2017

    Hi, If my application gets approved on the 28th of Feb, will i still be getting the $100 off?

    Thanks

    • Staff
      AnndyFebruary 10, 2017Staff

      Hi Ed,

      Thanks for your question.

      Coles’ offer to get $100 off a single Coles Supermarket shop is available to those whose applications are submitted and approved by 28 February 2017 and make a purchase within the first 30 days of the card approval date.

      If you want to learn more about this offer, please click the ‘go to site’ button on the above page.

      Cheers,
      Anndy

  10. Default Gravatar
    THIFebruary 5, 2017

    What does it mean by Minimum Monthly repayment – 2.22% or $10 (whichever is greater)?

    • Staff
      AnndyFebruary 6, 2017Staff

      Hi Thi,

      Thanks for your question.

      The minimum monthly repayment represents the minimum amount that you should pay in case you are not able to pay your balance in full. In case the resulting computation using the 2.22% is lower than $10, you’ll have $10 as the minimum repayment for that month.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated November 22nd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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