Coles Platinum No Annual Fee Mastercard

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Earn flybuys points on everyday purchases, pay no annual fees and receive 10,000 bonus points with the Coles Platinum No Annual Fee Mastercard.

The Coles Platinum No Annual Fee Mastercard combines the benefits of a $0 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.

You will also receive 10,000 bonus points if you apply online using the promotion code '10KBP1', get approved by 30 September 2017 and make an eligible purchase within the first 30 days of the card approval date.

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.
Purchase Rate (19.99% p.a.)
Balance Transfer Limit100% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 September 2017
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 62 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
Minimum Monthly Repayment2.22% of the closing balance or $10 (whichever is greater)
Minimum Income$25,000
Card TypeMastercard
Late Payment Fee$20
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.
1.5% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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
Annual Fee$0 p.a.
Minimum Repayment2.22% of the closing balance or $10 (whichever is greater)
Late Payment Fee$20
Cash Advance Fee3% of the cash advance/cash equivalent transaction or $1.95 - whichever is greater
Overseas ATM Withdrawal Fee$4
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.
1.5% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes

Pros

  • New cardholders who apply online using the promotion code '10KBP1', are approved by 30 September 2017 and make an eligible purchase within the first 30 days of the card approval date will earn 10,000 bonus points.
  • Take advantage of 0% p.a. for 6 months on balance transfers.
  • Benefit from $0 annual fee for the life of the card.
  • Get up to 62 interest-free days on purchases.
  • Collect flybuys points on your spending.

Cons

  • A fee of $20 for late payment will be charged.
  • Your cash advances are subject to a 3% fee of the cash advance amount.
Rewards Programflybuys
Bonus Points on Sign-up10,000
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped
Points ExpiryNever

Coles Platinum No Annual Fee Mastercard review

The Coles Platinum No Annual Fee Mastercard is a unique product that offers both a rewards program and zero annual fee. Giving you the opportunity to earn flybuys points on every dollar you spend on eligible purchases, this card could be a convenient way to get extra value from your purchases. Plus, you can also look forward to up to 62 interest-free days on purchases if you repay your balance in full each month.

Benefits of the Coles Platinum No Annual Fee Mastercard

  • 10,000 bonus flybuys points. To receive the 10,000 bonus points, new customers must apply online using the promotion code ‘10KBP1’, be approved by 30 September 2017 and make an eligible purchase within the first 30 days from the card approval date. You can expect to receive your bonus points to appear in the flybuys account linked to your credit card within 2 weeks of that first purchase.
  • No annual fee. The card comes with no annual fee which should help in minimising the maintenance cost of the card.
  • Coles Mobile Wallet. With the Coles Platinum No Annual Fee Mastercard, you can pay and collect flybuys points with your phone. This also allows you to keep track of your purchases with ease.
  • 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.
  • 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. Offer can be withdrawn at any time. Offer excludes tobacco and tobacco related purchases and remote delivery orders.
  • Merchandise protection insurance. This insurance provides cover for items purchased on your card up to a maximum of $8,000 for all items (excluding any item bought for less than $10, pieces of jewellery, gift vouchers, traveller’s cheques, tickets, perishable items, used items, etc.) in a 12-month period.
  • International use. You can also use your Mastercard overseas. However, this may attract fees such as an international ATM fee.
  • Apply for a balance transfer. A balance transfer can be requested at any time once your account is set up. A request can either be made through the Coles Customer Care team or by filling in a balance transfer request via the Balance Transfer PDF available on the Coles Mastercard website. The balance transfer promotional rate is subject to the current offer available at the time and can take up to 15 working days to be processed.

Features of the Coles Platinum No Annual Fee Mastercard

  • Annual fee. The Coles Platinum No Annual Fee Mastercard has a lifetime zero annual fee and can assist you in saving money over the life of your card.
  • Rewards program. The Coles Platinum No Annual Fee Mastercard is linked to the flybuys program. Earn flybuys points for every $1 you spend.
  • Free delivery at Coles online. Cardholders receive free delivery when they make purchases of over $100 at Coles' online shopping website.
  • 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 62 days interest-free on purchases, allowing you time to pay off your balance before interest will be charged.
  • 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. Falcon fraud management system identifies unusual activity and alerts through an SMS. Also, Mastercard Zero Liability Guarantee protects 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.

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 resident or have the right to work in Australia

Required documents

  • Details of your income and employment
  • Personal identification i.e. Australian driver’s license
  • Your current flybuys number (if you have one)

Coles Platinum No Annual Fee Mastercard provides reward points for the cost of zero annual fees. 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

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.
Coles Platinum No Annual Fee Mastercard does not come with complimentary travel insurance which is the most sought after feature for overseas travellers.
Balance transfer option is limited by the maximum credit limit on the account. In the case of this card, you cannot transfer balance from any other Coles Mastercard or a card issued by Latitude Financial Services.
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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?

    • Staff
      DanielleAugust 28, 2017Staff

      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?

    • Staff
      JonathanJune 14, 2017Staff

      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?

    • Staff
      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?

    • Staff
      AnndyMay 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?

    • Staff
      AnndyApril 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?

    • Staff
      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?

    • Staff
      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?

    • Staff
      AnndyNovember 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

    • Staff
      AnndyNovember 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?

    • Staff
      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 September 20th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 20 months
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

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