In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Coles No Annual Fee Mastercard – Bonus Points Offer

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Coles No Annual Fee Mastercard - Bonus Points Offer
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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.

The Coles No Annual Fee Mastercard is one of the few credit cards offering both rewards and no annual fee. Right now, it offers 20,000 bonus Flybuys points when you apply online by 30 June 2024 and spend $3,000 on eligible purchases in the first 3 months from card approval. That’s enough points to redeem $100 Flybuys dollars for shopping at Coles Supermarkets, Kmart, Target and other partners. Or, you could convert them to 10,000 Velocity Points for frequent flyer rewards. This isn’t the biggest bonus points offer on the market, but it is competitive for a card with an ongoing $0 annual fee, because they rarely offer bonus points.

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

In this guide

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

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.

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

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 bonus points and purchase offers are only available to new customers who apply online.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • 20,000 bonus Flybuys points. You'll get 20,000 bonus Flybuys points when you apply online by 30 June 2024 and spend $3,000 on eligible purchases in the first 3 months from card approval. The bonus points will be credited to your account within 4 weeks of meeting the spend criteria.
  • Purchase offer. Apply online by 30 June 2024 and you'll get 0% p.a. interest on purchases for the first 6 months. At the end of the introductory period, the purchase rate will revert to 19.99% p.a.

Rates & fees

  • Purchase rate. Outside of any promotions, the Coles No Annual Fee Mastercard charges an interest rate of 19.99% p.a. on purchases, which is around the average standard interest rate for credit cards in Australia.
  • Cash advances. If you use this card to withdraw cash or make other cash advance transactions, an interest rate of 19.99% p.a. will apply. A cash advance fee of 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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Amy Finder

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Avatar

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 :)


Avatar

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.


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Lucy

February 19, 2024

If I make the minimum monthly repayments is there no interest on my balance ?


Avatar

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!


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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?


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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.


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Marty

January 28, 2024

Coles No Annual Fee Mastercard – Exclusive Offer .. there is no link to their site? I assume the deal has finished?


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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.


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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


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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.


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