In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
Coles No Annual Fee Mastercard - DISCONTINUED
Terms and conditions apply
Balance transfer rate for 9 months with 1.5% balance transfer fee
0% p.a.
Purchase rate
20.74% p.a.
Reward points per $ spent
0.5
Annual fee
$0 p.a.

Our verdict

No longer offered

This balance transfer offer for the Coles No Annual Fee Mastercard is no longer available for new applications. We’ve kept this information online for existing customers and for those who are interested. Check out the current offer for Coles No Annual Fee Mastercard here.

Pros

  • 0% p.a. for the first 9 months on balance transfers
  • Ongoing $0 annual fee
  • Earn Flybuys points for your spending
  • Compatible with Apple Pay, Google Pay and Samsung Pay

Cons

  • Charges a one-time 1.5% balance transfer fee
  • A 20.74% p.a. interest rate applies at the end of the balance transfer offer period
  • Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent, up to $5,000 in each statement period
  • 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews

The Coles No Annual Fee Mastercard gives you a way to earn points on your credit card spending without ever paying an annual fee. Its current introductory offer also gives you a way to pay off existing debts. But remember to factor in the card’s potential costs, including the 20.74% p.a. cash advance rate that applies after the introductory period ends.

Details

Product details

Product Name Coles No Annual Fee Mastercard - DISCONTINUED
Balance transfer rate p.a. 0% for 9 months with 1.5% balance transfer fee, then 20.74%
Balance transfer limit 80% of available limit
Purchase rate p.a.
Purchase rate p.a.
20.74%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 20.74%
Min credit limit $1,000
Card type Mastercard

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Flybuys
Bonus points N/A
Rewards points per $ spent 0.5
Rewards points cap 10,000

Fees

Annual fee
Annual fee
$0
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee
Foreign currency conversion fee
3%
Cash advance fee 3% or $1.95, whichever is greater
Overseas cash advance fee $5
Additional cardholder fee $0
Number of additional cardholders 4
Finder Awards badge

Congratulations, Coles!

Coles No Annual Fee Mastercard received the highly commended award for 'No Anual Fee Rewards Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

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

  • New cardholder. The 0% balance transfer offer is only available to new customers.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • 0% p.a. balance transfer offer. You can pay off existing debt with this card's balance transfer offer of 0% p.a. for the first 9 months (with a one-time 1.5% balance transfer fee). At the end of the promotional period, any remaining charges will attract the card's variable cash advance rate of 20.74% p.a. and you must still make the minimum repayment.
  • No annual fee ever. This card has no annual fee.

Rates & fees

  • Purchase rate. The Coles No Annual Fee Mastercard charges an interest rate of 20.74% p.a. on purchases.
  • Cash advances. If you use this card to withdraw cash or make other cash advance transactions, an interest rate of 20.74% p.a. will apply. A cash advance fee worth 3% of the 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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