Finder Award

Coles No Annual Fee Mastercard

A no annual fee credit card that also earns Flybuys points per $1 spent – and offers $150 off a Coles Supermarket shop for new customers.

The Coles No Annual Fee Mastercard gives you a way to earn points on your credit card spending without ever paying an annual fee. While its earn rate is on the low side – working out to 0.5 Flybuys points per $1 spent – it could still be worth it when you factor in potential savings from the $0 annual fee.

0% p.a.

Balance transfer rate

for 12 months

19.99% p.a.

Purchase rate


Reward points

Per $ spent

$0 p.a.

Annual fee

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Product NameColes No Annual Fee Mastercard
Rewards programFlybuys
Balance transfer rate0% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (19.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate19.99% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate19.99% p.a.
Min credit limit$2,000
Card typeMastercard
Foreign currency conversion fee2.5%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo


  • $150 off a Coles Supermarket shop
  • Ongoing $0 annual fee
  • 0% p.a. on balance transfers for 12 months, with no BT fee
  • Earn Flybuys points for your spending


  • Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
  • The revert interest rates are relatively high
Rewards programFlybuys
Bonus pointsN/A
Rewards points per $ spent0.5
Rewards points capUncapped
Annual fee$0
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee2.5%
Cash advance fee3% or $1.95, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Coles No Annual Fee Mastercard is one of few credit cards that offers 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

You can apply for the Coles No Annual Fee online and 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

  • $150 off a shop at Coles. You'll get $150 off a Coles Supermarket shop when you apply by 28 February 2022 and spend $1,000 on eligible purchases within the first 60 days from card approval. Eligible spending covers most everyday purchases. Transactions that won't count towards this spend requirement include BPAY payments, cash advance transactions, a purchase from or payment to a government or government related agency, balance transfers and account fees and charges.
  • Balance transfer offer. Apply by 28 February 2022 and get 0% interest on balance transfers for the first 12 months, with no balance transfer fee. Any unpaid balance after the introductory period will be charged interest at the cash advance rate, currently 19.99% p.a.

Rates & fees

  • Purchase rate. The Coles No Annual Fee Mastercard charges an interest rate of 19.99% p.a. on 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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