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Coles offers a range of credit cards, with rewards, low rate and no annual fee options. If you're a member of the Flybuys rewards program, your Coles credit card can also double as your Flybuys membership card.
Comparison of Coles Mastercard Credit Cards
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Types of Coles credit cards
Coles Mastercard offers three credit card options: a rewards credit card, a low rate credit card and a no annual fee card.
Low rate credit cards
The Coles Low Rate Mastercard offers a low interest rate of 12.99% p.a. purchases and offers up to 55 interest-free days on purchases if you pay your balance in full by the due date on your statement. It also offers 0.5 Flybuys points per $1 spent at Coles Supermarkets. Points are awarded in whole numbers and rounded down (meaning you earn 1 point for every $2 of eligible spending). These points are in addition to the points you'll earn by scanning your Flybuys membership barcode (on the back of the card).
No annual fee credit cards
The Coles No Annual Fee Mastercard is one of the few credit cards that offers both no annual fee for life and a rewards program. This means you can get extra value from the card without wondering if your reward points will balance out the cost of the annual fee. With the Coles No Annual Fee Mastercard, you'll earn 0.5 Flybuys points per $1 spent on eligible purchases elsewhere you use the card, as well as standard Flybuys points for spending with partnered retailers. Points are awarded in whole numbers and are rounded down, meaning you earn 1 point per $2 spent with this card.
Rewards credit cards
The Coles Rewards Mastercard offers 2 Flybuys points per $1 spent on all eligible purchases up to $3,000 per statement period (1 point per $1 thereafter). It offers up to 55 days interest-free on retail purchases when you pay the total outstanding balance by the due date on each statement and 0% international transaction fees when you're shopping overseas or online with retailers based overseas. Compared to some other rewards credit cards, this card also has a competitive annual fee of $99.
The benefits of banking with a Coles Mastercard
A Coles Mastercard credit card gives you access to the following benefits:
Coles credit cards are linked to the Flybuys rewards program and double as your Flybuys membership card, with your membership details printed on the back of your credit card. If you want to earn more Flybuys points for your spending, both the Coles Rewards and Coles No Annual Fee cards offer you points for eligible purchases made elsewhere. The Coles Low Rate Mastercard also offers points per $1 spent on eligible purchases at Coles Supermarkets. Flybuys has a huge range of program partners and reward options, including travel rewards, frequent flyer points, holiday packages, merchandise and gift cards.
Get money off your shopping at Coles
If you choose to use Flybuys points to get money off at the checkout when you shop at Coles, you can scan the back of your Coles credit card and instantly redeem 2,000 Flybuys points for $10 off your shopping at participating Coles Supermarkets. Note that you need a minimum of 2,000 Flybuys points in your account to get money off your shop.
Balance transfer offers
You can save money on your existing credit card debt by transferring it to a Coles Mastercard with a balance transfer offer. For example, the Coles No Annual Fee Mastercard offers 0% p.a. on balance transfers for the first 12 months you have the card, allowing you to save money on interest charges and pay down your debt faster. Any balances remaining after the promotional period will attract interest at the cash advance rate.
Digital wallets and contactless payments
How to apply for a Coles Mastercard
You can apply for a Coles Mastercard online in about 15 minutes. Once you have compared a range of options and chosen the Coles credit card you want to apply for, click "Go to site" and you'll be taken to the Coles Mastercard secure online application page. Before you start, make sure you meet the eligibility requirements. These vary depending on the card you choose but will include:
- Age. You must be at least 18 years of age.
- Residency status. You must be a permanent resident or citizen of Australia.
- Minimum income. The minimum income requirements for Coles Mastercard credit cards start from $25,000 per year.
Required information and documents
Make sure you have the following items on hand to assist with your Coles Mastercard application:
- Personal information. You will need to verify your identity using your driver’s licence or Medicare details. You’ll also need to share your residential address, email address and phone number.
- Employment details. This includes your employment status, employer's contact details and the length of time you've worked there.
- Financial information. You need to provide details about your income and your expenses. This includes information like your salary, food budget, rent or mortgage repayments as well as other living expenses.
- Other credit cards. If you want to transfer your existing credit card balance to a Coles credit card under a balance transfer promotion, you’re required to enter the card number and amount you want to transfer from these accounts.
- Current Flybuys number. If you are an existing member of the Flybuys rewards program, have your membership number ready so you can link it to your Coles credit card right away. If you're not a member yet, you can join for free by visiting the Flybuys website – and have the option to update the Flybuys details linked to your card through the Coles Online Service Centre.
After you've filled out these sections of the application, you can review the details you've provided before submitting it. You'll then receive a response within 60 seconds, with details of the next steps.
Frequently asked questions
Want to know more about Coles credit cards? Here you can read answers to some of the most common questions about them. If you have a specific question we haven't covered, you can also ask your own question using the comment box below.
More guides on Finder
Coles Rewards Mastercard – Exclusive Offer
The Coles Rewards Mastercard offers a $0 first-year annual fee, $100 off a Coles Supermarket shop and 0% p.a. interest rate on balance transfers for the first 26 months.
Coles No Annual Fee Mastercard – Exclusive Offer
Enjoy 10,000 bonus points and 12 months interest-free on balance transfers and purchases. Plus, an ongoing $0 annual fee.
Coles Gift Cards and Vouchers
If you wish to send a Coles gift card to your loved ones, have a look at this guide and find out what should be considered before buying and using one.
Coles Low Rate Mastercard
The Coles Low Rate Mastercard offers 0% purchase rate and balance transfer offer and allows you to earn Flybuys points as you spend at Coles Supermarkets.
Coles No Annual Fee Mastercard
Receive $150 off a Coles Supermarket shop and 12 months interest-free on balance transfers as well as an ongoing $0 annual fee.
Coles Account Cover Plus – Credit Card Insurance
The Coles Mastercard insurance called Account Cover Plus offers credit card insurance. Find out more here.
Coles Rewards Mastercard
The Coles Rewards Mastercard offers 0% purchase and balance transfers offers. Plus, 30,000 bonus Flybuys Points when you meet the spend requirement.
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