Earn flybuys points for your spending and save with no annual fee ever.
The Coles No Annual Fee Mastercard lets you earn flybuys points on eligible purchases, everywhere you use the card. It also features a $0 annual fee for the life of the card and a 0% p.a. interest rate on balance transfers for up to 6 months.
| 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. | Cash Advance Rate (19.99% p.a.) |
| Balance Transfer Limit | 80% 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 55 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. | $2,000 |
| Card Type | Mastercard |
| 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. | 2.5% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Income | $25,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | No |
| Joint Application | No |
| Annual fee | $0 p.a. |
|---|---|
| Minimum Monthly Repayment | 100% (if <$30) or varies (if >$30) |
| Late Payment Fee | $10 |
| Cash Advance Fee | $1.95 (if <$65.00) or 3% (if >$65.00) |
| Overseas Cash Advance Fee | $5 |
| Foreign Currency Conversion Fee 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. | 2.5% |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 |
Pros
- Enjoy 0% p.a. for 6 months on balance transfers.
- A $0 annual fee for the life of the card.
- Get up to 55 interest-free days on purchases.
Cons
- Earn rate of 0.5 flybuys point per $1 spent is relatively low.
| Rewards Program | flybuys |
|---|---|
| Rewards Points per $ spent (VISA/MC) | 0.5 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
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 55 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:
- 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 cash advance rate, currently 19.99% p.a.
- 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 55 interest-free days. Save on interest charges with up to 55 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 App. This free app for Android and iPhone allows you to manage your account and flybuys points 24/7.
- Foreign currency conversion fees. You will be charged 2.5% of the transaction amount for international purchases and 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.
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 permanent Australian resident
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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Can disability pensioners apply for a credit card?
Hi Sharon,
Thank you for your comment.
There are lenders who consider pension as an income. Here are the list of the providers who may consider pension as an income. Kindly check the guide and see the requirements before submitting an application.
For Coles Mastercard, you will need to provide your pension statement. Some other financial institution may require you your recent 3 months of pension statement and a letter from Centrelink showing your name and the permanent government pension amount.
Hope this helps.
Regards,
Jhezelyn
Can I have a second card so there are 2 users of the card ?
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
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