Coles Platinum No Annual Fee Mastercard

Not yet rated

Earn flybuys points on everyday purchases and pay $0 annual fee with the Coles Platinum No Annual Fee Mastercard.

The Coles Platinum No Annual Fee Mastercard combines the benefits of a $0 p.a. annual fee credit card with platinum card features. This card lets you earn flybuys points for spending on the card which you can redeem for dollars off your next grocery shop at Coles. Plus, take advantage of a 0% p.a. interest rate on balance transfers for up to 6 months.

Product NameColes Platinum No Annual Fee Mastercard
Rewards Programflybuys
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 Limit80% 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.
$6,000
Card TypeMastercard
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 InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$0 p.a.
Minimum Monthly Repayment100% (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%
of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0

Pros

  • Take advantage of 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

  • The earn rate of 0.5 flybuys points per $1 spent is low compared to other platinum cards.
Rewards Programflybuys
Rewards Points per $ spent (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Coles Platinum No Annual Fee Mastercard

  • No annual fee. The card comes with no annual fee which will help in minimising the maintenance cost of the card.
  • Rewards program. This card earns 0.5 flybuys reward points for every $1 spent. Points are awarded in whole numbers and rounded down. These points are uncapped and will never expire as long as you register and earn or redeem points at least once every 12 months. This should help in accumulating the points over a longer period and using the points to purchase a coveted home appliance, electronic gadget or fund your next dream vacation.
  • 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 gift cards.
  • Balance transfer offer. If you have an existing credit or store card debt to pay, you can transfer the balance to the Coles Platinum No Annual Fee card and take advantage of a 0% p.a. interest rate for 6 months. After the introductory period, any remaining balance will accrue interest at the cash advance rate, currently 19.99% p.a.
  • Free delivery when you order from Coles Online. Receive free delivery on your eligible orders from Coles online when you spend $100 or more with your Coles Mastercard from the online store.
  • Merchandise protection insurance. This insurance provides cover for items purchased on your card.

Features of the Coles Platinum No Annual Fee Mastercard

  • Interest rate. This credit card has an interest rate of 19.99% p.a. on purchases and cash advances.
  • Interest-free period. The Coles Platinum No Annual Fee Mastercard provides up to 55 days interest-free on purchases, allowing you time to pay off your balance before interest will be charged.
  • Foreign currency conversion fees. 2.5% of the transaction amount on purchases and cash withdrawals.
  • Concierge services. Take advantage of 24/7 concierge service for assistance with booking travel tickets and events, locating restaurants, making hotel reservations, and much more.
  • Fraud protection. The Mastercard Zero Liability Guarantee protects you from fraudulent or unauthorised transactions.
  • Additional cardholders. You can get additional cards on the same account at no extra cost, which could come in handy to manage your household expenses under one account or to earn points faster with more than one cardholder's spending.
  • Coles Mobile Wallet App. This free app for Android and iPhone allows you to manage your account and flybuys points 24/7.

How to apply for the Coles Platinum No Annual Fee Mastercard

You can’t apply for this Platinum card offer directly, but anybody who applies for the Coles No Annual Fee Mastercard, and is approved for a credit limit of at least $6,000, will receive the Coles Platinum No Annual Fee Mastercard. Applying is easy and you can get a response in 60 seconds. To apply online, simply complete the online application form available on this page. Before you start, ensure you meet the following eligibility requirements.

Application criteria

  • You are at least 18 years old
  • You earn more than $25,000 p.a.
  • You are an Australian permanent 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 Platinum No Annual Fee Mastercard provides rewards points with no annual fee. This card comes with other benefits like balance transfer offer, interest-free days on purchases, platinum concierge services, fraud protection and more. It offers competitive features and benefits for customers looking to earn reward points at a minimum cost.

As it isn't the only platinum rewards card on the market, make sure to compare your options before applying.

Frequently asked questions

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

41 Responses

  1. Default Gravatar
    August 27, 2017

    Hi just wondering if the points are still earned if I use this card for direct debits and bpay bills only?

    • Default Gravatar
      DanielleAugust 28, 2017

      Hi there!

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      The following transactions will not earn any reward points: cash advances, credits, BPay payments, refunds, reimbursements, business purchases or balance transfers into the account. All other transactions including grocery purchases, online purchases, etc. will earn reward points at the rate of 0.5 points for every $1 spent.

      I hope this helps.

      Cheers,
      Danielle

  2. Default Gravatar
    SarahJune 14, 2017

    Hi! The coles financial services website indicated that there is Payment Handling Fee for payments made at Australia Post, Target or Kmart: of $2.25, which is not mentioned on finder.com.au. Does this mean that every transaction at the mentioned merchants will incur an additional processing fee?

    • Default Gravatar
      JonathanJune 14, 2017

      Hi Sarah!

      Thanks for the comment.

      Payment handling fee applies if you pay your balance or minimum due at Australian Post not for regular purchases, and their potential fees were given as a heads-up on our “Fees and Repayments” tab near “Find Out More” orange button on this page.

      These fees are regularly being updated and is internal agreement between the merchants involved and Coles Financial Services.

      You may contact the issuer directly about other payment methods for your convenience.

      Hope this clarifies.

      Cheers,
      Jonathan

  3. Default Gravatar
    May 18, 2017

    We are retired and don’t have an income per se, but do have a credit card with NAB.

    We have sufficient assets that we receive only the Government
    subsidies and no actual age pension.

    Are we eligible to apply for a Coles No Fee Credit Card?

    • finder Customer Care
      HaroldMay 18, 2017Staff

      Hi David,

      Thank you for your inquiry.

      In general, credit card providers requires you have a certain income to be eligible to apply for credit card. Unfortunately, if you don’t have stable source of income you may not be eligible to apply for this product.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    johnApril 29, 2017

    If I buy an airline ticket with my card, and pay in AUD, and the money is put in an overseas account, i.e. with British Airways, maybe UK, then will the card be charged as an overseas transaction?

    • finder Customer Care
      LouMay 1, 2017Staff

      Hi John,

      Thanks for your question.

      If you will use your Coles Platinum No Annual Fee MasterCard to pay an overseas merchant or service provider, you’ll incur a Foreign Currency Conversion Fee of 2.5% of transaction value.

      Cheers,
      Anndy

  5. Default Gravatar
    JimApril 20, 2017

    I am a on an age pensioner with a part pension plus super which exceeds $25000 p.a. Does this qualify as far as income is concerned?

    • finder Customer Care
      LouApril 20, 2017Staff

      Hi Jim,

      Thanks for your question.

      Coles considers Centrelink as a form of income. You’ll need to provide a pension statement when you apply for a Coles credit card.

      You may also check this page to compare other credit card brands that consider applicants receiving Centrelink payments.

      Cheers,
      Anndy

  6. Default Gravatar
    AnneMarch 28, 2017

    Does the Coles Platinum Mastercard cover travel insurance if the travel is purchased using the card?

    • finder Customer Care
      HaroldMarch 28, 2017Staff

      Hi Anne,

      Thank you for your inquiry.

      Unfortunately, with Coles Platinum No Annual Fee MasterCard there is no “Complimentary Travel Insurance Cover”. Should you need a credit card with travel insurance you may want to check this options.

      I hope this information has helped.

      Cheers,
      Harold

  7. Default Gravatar
    jeremyDecember 1, 2016

    Hi,

    I have previously been a customer of the Coles no annual fee mastercard. If I apply again, will I be eligible for the 0% on purchases?

    • finder Customer Care
      MayDecember 1, 2016Staff

      Hi Jeremy,

      Thanks for your question.

      Unfortunately, no. The offer for 0% p.a. interest for 15 months on purchases is for new customers only who have not held a Coles MasterCard before. Furthermore, this offer is only available to new card applicants who apply and are approved for a Coles No Annual Fee MasterCard between 5 October and 31 December 2016.

      Cheers,
      May

  8. Default Gravatar
    margaretNovember 9, 2016

    What is the difference between Coles Platinum No Annual Fee MasterCard and Coles No Annual Fee MasterCard?

    • finder Customer Care
      LouNovember 9, 2016Staff

      Hi Margaret,

      Thanks for your question.

      These two cards differ in the following features:

      Balance transfer rate
      Coles Platinum No Annual Fee MasterCard (100% of available limit)
      Coles No Annual Fee MasterCard (95% of available credit limit)

      Minimum credit card limit
      Coles Platinum No Annual Fee MasterCard – $6,000
      Coles No Annual Fee MasterCard – $500

      Gambling Transaction Allowed
      Coles Platinum No Annual Fee MasterCard – YES
      Coles No Annual Fee MasterCard – NO

      You can make a full comparison of the two cards by visiting Coles No Annual Fee MasterCard page.

      Cheers,
      Anndy

  9. Default Gravatar
    JohnOctober 7, 2016

    does my Coles Platinum mastercard cover rental car insurance? If yes, what is the excess cover

    • finder Customer Care
      LouNovember 1, 2016Staff

      Hi John,

      Thanks for your question.

      Unfortunately, Coles Platinum No Annual Fee MasterCard doesn’t come with rental car insurance.

      You may want to check this page to compare credit cards with car rental insurance cover.

      Cheers,
      Anndy

  10. Default Gravatar
    AnthonyJuly 27, 2016

    Does the card auto discount $10 once I accumulate 2000 fly buy points or do I have to log on to access this?

    • finder Customer Care
      MayJuly 28, 2016Staff

      Hi Anthony,

      Thank you for your question.

      You can actually get the $10 off instantly at the checkout every time you redeem 2,000 flybuys points – that is when you shop at the Coles supermarkets and BI-LO. Please note that the discount excludes smoking/tobacco related product purchases, Coles Group gift cards and iTunes cards.

      Cheers,
      May

Credit Cards Comparison

Rates last updated August 21st, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site