Earn 0.5 flybuys points for every $1 spent and save with no annual fee ever.
The Coles No Annual Fee Mastercard lets you earn rewards faster with 0.5 flybuys points for every $1 spent on the card anywhere. This card also features a $0 annual fee for the life of the card.
| Product Name | Coles No Annual Fee Mastercard |
|---|---|
| Rewards Program | flybuys |
| 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 Limit | 100% of available credit limit |
| Purchase rate (p.a.) | 19.99% p.a. |
| 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 Repayment | 2.22% or $10 (whichever is greater) |
| Minimum Income | $25,000 |
| Card Type | Mastercard |
| 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. | 1.5% of transaction value |
| Complimentary Travel Insurance | No |
| Available To Temporary Residents | No |
| Joint Application | No |
| Minimum Income | $25,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| 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 Repayment | 2.22% or $10 (whichever is greater) |
| Late Payment Fee | $20 |
| Cash Advance Fee | 3% 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. | 1.5% of transaction value |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 p.a. |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| Yes |
Pros
- 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 0.5 flybuys points per dollar spent.
Cons
- A fee of $20 for late payment will be charged.
- 0.5 per dollar spend earning rate is bit low than the other cards in the market.
- Your cash advances are subject to a 3% fee of the cash advance amount.
| Rewards Program | flybuys |
|---|---|
| Rewards Points per $ (VISA/MC) | 0.5 |
| Rewards Points per $ (AMEX) | 0 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
| Rewards Points per $ (AMEX) Cap | N/A |
| Points Expiry | Never |
Coles No Annual Fee Mastercard review
This Coles Mastercard comes linked to flybuys rewards, earning 0.5 points for every $1 spent. It also doubles as your flybuys card, with the membership barcode included on the back of the card. It also offers value through a variety of features including up to 62 interest-free days, free delivery options with Coles online and additional cardholders so you can share your account with a partner or family member. Use this review to weigh up the features, fees and benefits of the Coles No Annual Fee Mastercard.
Benefits of the Coles No Annual Fee Mastercard
- 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.
- No annual fee. The Coles No Annual Fee Mastercard has a $0 annual fee.
- Earn flybuys points. Earn 0.5 flybuys points for every $1 you spend on eligible purchases. 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, excluding smoking/tobacco related product purchases 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, like when transferring 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. Offer can be withdrawn at any time. Offer excludes tobacco and tobacco related purchases and remote delivery orders.
Features of 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.
- Additional cardholders. Additional cards can be issued to applicants over the age of 16 for $0 each. Earn flybuys points faster by adding an additional cardholder to your account.
- Card fraud protection. Mastercard Zero Liability Guarantee gives you a money back guarantee if you’re the victim of card fraud.
- PayPass payment technology. Mastercard PayPass enabled. Tap your card against the contactless terminal for purchases under $100.
- Online account management and Coles Mobile Wallet. 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.
- Apply for a balance transfer. You can apply for balance transfer upon request once your account is set up. A request can either be made through the Coles Mastercard Customer Care team or by filling in a balance transfer request via the Balance Transfer PDF available on the Coles Mastercard website. The balance transfer promotional rate is subject to the current offer available at the time and can take up to 15 working days to be processed.
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 seconds of submitting your application. Before you apply though, make sure you meet the following eligibility requirements and have necessary documents and details on hand:
Eligibility criteria
- Applicant is 18 years or older
- Earn more than $25,000 p.a.
- 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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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.
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
The no annual fee card, does it have an account establishment fee?
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
How can I tell if my Coles mastercard is no annual fee. It doesn’t say anywhere on the card.
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
How can I tell if my Coles MasterCard has no annual fee?
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
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
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
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.
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
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?
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
Hi, If my application gets approved on the 28th of Feb, will i still be getting the $100 off?
Thanks
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
What does it mean by Minimum Monthly repayment – 2.22% or $10 (whichever is greater)?
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
do you receive $100 off offer for an additional card holder
Hi Nig,
Thank you for your inquiry.
I’m afraid that the $100 off for a single Coles Supermarket shop is for a new primary cardholder only and does not apply to additional cardholders.
Cheers,
May