The Coles No Annual Fee Mastercard was highly commended in the 2024 Finder Awards Best No Annual Fee Rewards Credit Card category. As well as bonus points, this offer gives you a way to save on upcoming purchases with 0% p.a. interest on purchases for the first 6 months. Just make sure to factor in the 19.99% p.a. interest rate that applies after that, because it could quickly add up if you’re still paying off purchases.
Finder makes money from featured partners, but editorial opinions are our own.
Coles No Annual Fee Mastercard – Bonus Points Offer
Terms and conditions apply
- Bonus points
- 20,000
- Purchase rate for the first 6 months (reverts to 19.99%)
- 0% p.a.
- Reward points per $ spent
- 0.5
- Annual fee
- $0 p.a.
Our verdict
Offers 20,000 bonus Flybuys points and 0% interest on purchases for the first 6 months, with no annual fee ever.
Pros
-
20,000 bonus Flybuys points
-
0% p.a. on purchases for the first 6 months
-
Ongoing $0 annual fee
-
Earn Flybuys points for your spending
Cons
-
Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
-
19.99% p.a. purchase rate after the introductory period
-
2.5% foreign transaction fee
Details
Product details
| Product Name | Coles No Annual Fee Mastercard - Bonus Points Offer |
| Purchase rate p.a. | 0% for 6 months, then 19.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 19.99% |
| Min credit limit | $1,000 |
| Card type | Mastercard |
Eligibility
| Joint application | No |
Rewards
| Rewards program | Flybuys |
| Bonus points | 20,000 |
| Rewards points per $ spent | 0.5 |
| Rewards points cap | Uncapped |
Fees
| Annual fee | $0 |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 2.5% |
| Cash advance fee | 3% or $1.95, whichever is greater |
| Overseas cash advance fee | $5 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
Your reviews
No reviews yet.
Write a review
Amy Finder
Editor
Hi there, looking for more information? Ask us a question.
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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Sarah Megginson Finder
February 20, 2024
Hi Mimi,
Yes that’s right, after 12 months, any balance you’re still carrying from the initial balance transfer will be subject to the current full interest raet each day until it’s paid off.
Lucy
February 19, 2024
If I make the minimum monthly repayments is there no interest on my balance ?
Sarah Megginson Finder
March 25, 2024
Hi Lucy,
No, if you make the minimum payment, you will still be charged interest.
The minimum repayment is usually around 2-3% of the total credit limit. On a card with a $10,000 limit, the minimum repayment would be $200-300 (the exact amount can vary depending on the card provider’s policy). Paying only the minimum due means you’re likely to pay interest each month.
To avoid paying interest, you need to repay the statement balance in full. This is the full balance of items charged to the card during the statement balance, and is often quite a lot higher than the minimum due. \
Hope this helps!
Show more Show less
Hanabi
February 14, 2024
If I make a purchases at, for example, Coles/Kmart etc., will I receive the usual Flybuys points (1 point per dollar spent) for the purchase plus receive extra Flybuys points (0.5 points per dollar spent) for paying using this credit cars?
Sarah Megginson Finder
February 14, 2024
Hi Hanabi,
Yes that’s right, you’ll receive points twice – once through your card, and once through the retailer.
Marty
January 28, 2024
Coles No Annual Fee Mastercard – Exclusive Offer .. there is no link to their site? I assume the deal has finished?
Amy Bradney-George Finder
January 29, 2024
Hi Marty,
Yes, there is currently a link to this offer, which will be removed when it is no longer available.
Joan Cansdale
January 05, 2024
I am retired and I am trying to apply for the mastercard. I do not have an account.(WHY would I need one???) however application will not let me proceed past this point
Sarah Megginson Finder
January 10, 2024
Hi Joan,
We’re a comparison site so we can’t provide any help on this. We suggest you contact the customer care team at Coles Mastercard on 1300 306 307.
More resources on Finder
Card types
Cards from
Mimi
February 19, 2024
Hi there,
“0% p.a. on balance transfers for 12 months, with no BT fee” — does this mean that after the 12 month period, the 55 day interest-free period becomes obsolete and one will have to pay interest daily on any purchase they make?
Thank you :)