Coles No Annual Fee Mastercard

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Earn flybuys points for your spending and save with an ongoing $0 annual fee.

The Coles No Annual Fee Mastercard comes linked to flybuys rewards and saves you $10 at the checkout when you redeem 2,000 points.

0% p.a.

Balance transfer rate

for 6 months

19.99% p.a.

Purchase rate

0.5

Reward points

Per $ spent (Visa/Mastercard)

$0 p.a.

Annual fee

Details

Product NameColes No Annual Fee Mastercard
Rewards Programflybuys
Balance transfer rate0% p.a. for 6 months
Balance Transfer Revert RateCash Advance Rate (19.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 p.a.
Interest Free Period55 days
Cash advance rate (p.a.)19.99% p.a.
Min credit limit$2,000
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)2.5% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Ongoing $0 annual fee
  • 0% p.a. on balance transfers for the first 6 months, with no balance transfer fee
  • Earn flybuys points for your spending

Cons

  • Interest rate that applies after the introductory period is relatively high
  • flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
Rewards Programflybuys
Rewards Points per $ spent (Visa/Mastercard)0.5
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual fee$0 p.a.
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)2.5% of transaction value
Cash Advance Fee3% or $1.95, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Coles No Annual Fee Mastercard is one of few credit cards that offer both rewards and an ongoing $0 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

If you want to apply for a Coles No Annual Fee Mastercard, you can fill in a secure application form via the Coles Financial Services website and should 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

  • No annual fee ever. This card charges a $0 annual fee for life.
  • flybuys points per $2 spent. This card offers the equivalent to 0.5 flybuys points per $1 you spend on eligible purchases. Points are awarded in whole numbers and rounded down. Eligible purchases cover most everyday transactions including groceries, petrol and dining, while transactions that are not eligible for points include cash advances, balance transfers and account fees.

Rates & fees

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