Coles No Annual Fee MasterCard – Review and Application

Information verified correct on September 23rd, 2016
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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Earn points as you spend, save on interest on purchases and never pay an annual fee with the Coles No Annual Fee MasterCard.

The Coles No Annual Fee MasterCard rewards you with 0.5 flybuys points for every dollar spent on the card. Use your flybuys points for dollars off your next grocery shop at Coles. This card also features a $0 annual fee.

Product NameColes 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 Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 September 2016
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.
Minimum Monthly Repayment2.22% or $10 (whichever is greater)
Minimum Income$25,000
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)2.5% 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.
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.
Annual Fee$0 p.a.
Minimum Repayment2.22% 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 Cash Advance Fee$2.50
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)2.5% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchNo
  • 0% p.a. for 6 months on balance transfers
  • $0 annual fee on the life of the card
  • Get up to 62 interest-free days
  • Earn 0.5 flybuys point per dollar spent
  • A fee of $20 for late payment will be charged.
  • 0.5 per dollar spend earning rate is bit low than the other cards in the market.
  • 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 $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Coles No Annual Fee MasterCard review

The Coles No Annual Fee MasterCard is the entry level credit card product from supermarket giant, Coles MasterCard.

The No Annual Fee MasterCard combines the features of a flybuys loyalty card and a MasterCard credit card. It costs nothing to own and keep but no annual fee also means no frills. The No Annual Fee MasterCard allows you to earn 0.5 flybuys points per dollar spent.

The following Coles No Annual Fee MasterCard review will explain how to use the card to earn flybuys points and outline the important conditions of the product.

Benefits of the Coles No Annual Fee MasterCard

  • No annual fee. As the name suggests there is no annual fee on this credit card.
  • 0.5 flybuys points per dollar spent. The Coles No Annual Fee MasterCard rewards you with flybuys points when you make an eligible purchase on the card. If you’re not already a member of the flybuys program, you will be automatically enrolled when you apply for the Coles No Annual Fee MasterCard. Please note: Earned points expire if your flybuys account is inactive for 12 months.
  • Points are earned on all purchases. flybuys points are earned on all eligible transactions — all over the world. Use the card for an eligible transaction wherever MasterCard is accepted and earn flybuys points.
  • Earn more when you shop at Coles. Link your flybuys membership to your Coles No Annual Fee MasterCard when you apply for the product and you’ll earn more flybuys points when you shop at Coles and flybuys partners.
  • flybuys dollars. Redeem your flybuys points for flybuys dollars. flybuys dollars can be used for money off your next shop at Coles or Liquorland or change of tires at Kmart Tire Auto. 2000 flybuys points is about $10. Redeem points for dollars at the following flybuys partners: Coles, Liquorland, First Choice Liquor, Kmart, Target, and Kmart Tyre Auto.
  • flybuys points are a bonus. Credit cards that offer rewards generally also charge an annual fee. This means you have to spend a certain amount on the card each year to get the cost of the annual fee back in the form of rewards value. There’s no required spend to break even with the Coles No Annual Fee Rewards Card. No annual fee flybuys rewards card products are not common.
  • Interest-free days. Earn up to 62 days interest-free on purchases when you pay the full balance off each month. Interest-free days do not apply if you’re carrying a balance from month to month, like when transferring a balance to a credit card under a balance transfer promotion. Up to 62 days interest-free gives you an extra month interest-free if you need a little extra time to pay back a couple of one-off, large purchases.
  • 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.
  • Wallet-friendly. Keep this card in your wallet, use it as your flybuys card when you shop, and pay the account in full when it’s due.
  • Apply for a balance transfer anytime. You can apply for balance transfer upon request at anytime from once your account is set up (your card must also be linked to your online account). Once your card is linked to your online account 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 No Annual Fee MasterCard

  • Free delivery on Coles online. Free delivery when you order from Coles online and spend over $100 with your Coles MasterCard. Offer can be withdrawn at any time. Offer excludes tobacco and tobacco related purchases and remote delivery orders.
  • No annual fee. The Coles No Annual Fee MasterCard has a $0 annual fee.
  • Earn flybuys points. Earn 0.5 flybuys points when you make an eligible purchase on the card.
  • Interest free days. Up to 62 days interest free on purchases made with the Coles No Annual Fee MasterCard.
  • Additional cardholders. Up to additional cards can be issued to applicants over the age of 16 for $0 each. Earn flybuys points faster by adding an additional cardholder to your account.
  • Card fraud protection. MasterCard Zero Liability Guarantee gives you a money back guarantee if you’re the victim of card fraud.
  • Paypass payment technology. MasterCard Paypass enabled. Tap your card against the contactless terminal for purchases under $100.

How to apply for the Coles No Annual Fee MasterCard

The online application only takes ten to fifteen minutes to complete. You should have a response within a few minutes of completing your application. Coles MasterCard will send you an email letting you know whether your application has been approved, conditionally approved or declined. Once your application has been received it should only take five to ten days before you have your card. Then it’s just a matter of waiting for your pin which is sent separately, activating your card and then you’re ready to use your card and start saving.

Eligibility criteria

  • Applicant is 18 years or older
  • Earn more than $25,000 p.a.
  • Be an Australian resident or intend to stay in Australia for the next 12 months with visa permission
  • Be the main household income earner (recommended)

Required documents

  • Details of your income and employment
  • Personal identification i.e. Australian driver’s license

Feel free to ask a question below if you would like to know more about this credit card product from Coles MasterCard.

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30 Responses to Coles No Annual Fee MasterCard – Review and Application

  1. Default Gravatar
    anand | February 18, 2015

    Hi I wish to know where can i get the application form.

    • Staff
      Jonathan | February 18, 2015

      Hi Anand, thanks for your inquiry!

      Please refer to the email I have sent containing the link for the Coles applications.



    • Default Gravatar
      connim | February 27, 2015

      Again – it appears that the link to the promotion is not available. Could you please forward it to me?

    • Staff
      Jonathan | February 27, 2015

      Hi connim, thanks for your inquiry!

      Please refer to the link I have provided to your email.



  2. Default Gravatar
    Anne | January 19, 2015

    Where is the application form

    • Staff
      Jonathan | January 20, 2015

      Hi Anne,

      Thanks for your question,

      Please refer to the website link for the Coles Mastercard which I have sent to your email.

      I hope this helps.



  3. Default Gravatar
    meg | January 13, 2015

    i actually applied for a no annual fee credit card but received the other coles credit card in the mail where i get higher flybuys but pay $49 per year. should i ring the coles mastercard team and see if it can be exchanged ? i have not activated my card yet. thanks

    • Staff
      Jonathan | January 13, 2015

      Hi Meg,

      Thanks for your question,

      To ensure the account transaction is processed correctly it would be suggested to contact the Coles Mastercard team on 1300 306 397, customer care hours are Weekdays 8.00am – 9.00pm AEST.

      I hope this has helped!



  4. Default Gravatar
    Yvonne | November 16, 2014

    How many additional members can I have on Cole’s credit card? I need two in addition to myself

    • Staff
      Elizabeth | November 17, 2014

      Hi Yvonne,

      Thanks for your question.

      You’re able to add nine additional cardholders onto your Coles MasterCard for no additional fee.

      I hope this has helped.



  5. Default Gravatar
    cagdas | August 16, 2014

    When will my credit card be delivered

    • Staff
      Shirley | August 18, 2014

      Hi Cagdas,

      Thanks for your question.

      Once approved, you will typically receive your credit card within 1-2 weeks.


    • Default Gravatar
      Cynthia | September 12, 2014

      I’d like to know the progress of my application

    • Staff
      Shirley | September 15, 2014

      Hi Cynthia,

      Thanks for your question.

      Please get in touch with the credit card issuer for an update on your application.


  6. Default Gravatar
    Richard | August 13, 2014

    Where do I download the form to fax back to you to nominate a spokesperson on my account, change the address on my account and request online statements please. I phoned and was told to do this but cannot find the site to do so.

    • Staff
      Jeremy | August 13, 2014

      Hi Richard

      Thanks for your question.

      You can change the address on your account and request online statements through the Coles MasterCard online portal. If you are wanting to add an additional cardholder, you can will need to complete this form.

      Please let me know if you have any further questions.



  7. Default Gravatar
    Sherrie | February 10, 2014

    hi are you able to advise me on the status of my application

    • Staff
      Marc | February 10, 2014

      Hi Sherrie,
      thanks for the comment.

      We are a comparison service, so don’t manage any of Coles’ products ourselves. You’ll have to contact Coles directly for this information.


  8. Default Gravatar
    Wing | August 2, 2013

    Hi. Can you please change my name on my Coles MasterCard?

    • Staff
      Jacob | August 2, 2013

      Hi Wing. Thanks for your question. If you would like to change the details as they appear on your Coles MasterCard, please speak to a Coles representative directly. You can find their contact number on this page.
      I hope this helps.

  9. Default Gravatar
    Lauren | May 9, 2013

    Hi, are additional card holder cards sent separately? We have just signed up.

    • Staff
      Jacob | May 9, 2013

      Hi Lauren. Thanks for your question. If you’ve applied for an additional cardholder when you’ve first signed up for the card, it will be sent out at the same time. Jacob.

  10. Default Gravatar
    Riley | December 21, 2012

    So what your telling me is that Mastercard manage to delay purchases made with the Coles card while processing purchases made with my other cards is done withing hours?

    Wouldn’t it be in Coles interest then to talk to Mastercard and point out they’re the only ones that have their transactions held up for so long?

    If they keep holding up ONLY Coles transactions perhaps you could do a deal with Visa instead?

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