The Coles No Annual Fee Mastercard gives you a way to earn points on your credit card spending without ever paying an annual fee. Its current introductory offer also gives you a way to earn more points and save on upcoming purchases. But remember to factor in the card’s potential costs, including the the 19.99% p.a. purchase rate that applies after the interest-free period ends.
Coles No Annual Fee Mastercard

- Balance transfer rate with no balance transfer fee
- 19.99% p.a.
- Bonus points
- 20,000
- Purchase rate for the first 6 months (reverts to 19.99%)
- 0% p.a.
- Reward points per $ spent
- 0.5
Our verdict
Offers 20,000 bonus Flybuys points and 0% interest on purchases for the first 6 months, but there’s a higher interest rate after that.
Pros
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20,000 bonus Flybuys points
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0% p.a. on purchases for 6 months
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Ongoing $0 annual fee
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Earn Flybuys points for your spending
Cons
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Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
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19.99% p.a. interest rate on purchases after the introductory period
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2.5% foreign transaction fee
Details
Product details
Product Name | Coles No Annual Fee Mastercard |
Balance transfer rate p.a. | 19.99% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | 0% for 6 months, then 19.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 19.99% |
Min credit limit | $1,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | No |
Joint application | No |
Rewards
Rewards program | Flybuys |
Bonus points | 20,000 |
Rewards points per $ spent | 0.5 |
Rewards points cap | Uncapped |
Fees
Annual fee | $0 |
Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | 2.5% |
Cash advance fee | 3% or $1.95, whichever is greater |
Overseas cash advance fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |