Coles No Annual Fee MasterCard Review

Information verified correct on October 28th, 2016
Coles No Annual Fee MasterCard Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • 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
Click here to start your application >>

The Coles No Annual Fee MasterCard includes an introductory purchase offer of 0% p.a. for 15 months, up to 62 days interest-free on purchases and no annual fee ever.

The Coles No Annual Fee MasterCard lets you enjoy 0% p.a. for 15 months offer on purchases if you apply and are approved by 31 December 2016. You’ll also earn 1 flybuys point for every $2 spent on the card which you can redeem for dollars off your next grocery shop at Coles. This card also features a $0 annual fee for the life of the card.

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.)0% p.a. for 15 months (reverts to 19.99% p.a.)
Offer end date31 December 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)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
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)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
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
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 No Annual Fee MasterCard combines the features of a flybuys loyalty card and a MasterCard credit card. It has no annual fee, comes with a promotional purchase rate offer and allows you to earn 1 flybuys point for every $2 spent. Plus, with up to 62 interest-free days, free delivery with Coles online and discounts at the supermarket, there are plenty of ways to save with this card. Use this review to weigh up the features, fees and benefits of the Coles No Annual Fee MasterCard.

Benefits of the Coles No Annual Fee MasterCard

  • No annual fee. The Coles No Annual Fee MasterCard has a $0 annual fee.
  • Introductory purchase rate offer. This card offers a 0% p.a. for 15 months on purchases if you apply and get approved by 31 December 2016. After the promotion has ended, the purchase rate will revert to the standard purchase rate of 19.99% p.a.
  • Earn flybuys points. Earn 1 flybuys point for every $2 you spend on eligible purchases. 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. If you earn or redeem points at least once every 12 months, your flybuys points do not expire.
  • Enjoy $10 off at Coles Supermarkets. Enjoy $10 off at any Coles Supermarket after redeeming 2,000 flybuys points, excluding smoking/tobacco related product purchases, all gift cards.
  • Up to 62 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.
  • 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.

Coles No Annual Fee MasterCard features

  • Coles Mobile Wallet. With the Coles No Annual Fee MasterCard, you can pay and collect flybuys points with your phone. This also allows you to keep track of your purchases with ease.
  • Additional cardholders. 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.
  • Online account management and Coles Mobile Wallet. Card holders can manage your account and pay bills through the mobile app or online. This creates an easy way to manage your finances, check balances and view all your account information securely.
  • Apply for a balance transfer. You can apply for balance transfer upon request once your account is set up. A request can either be made through the Coles MasterCard 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.

How to apply for the Coles No Annual Fee MasterCard

The online application only takes ten to fifteen minutes to complete and you should receive a response within a few minutes of submitting your application. Before you apply though, make sure you’ve met the following eligibility requirements and organised the necessary documents:

Application criteria

  • Applicant is 18 years or older
  • Earn more than $25,000 p.a.
  • Have the right to work in Australia

Required documents

  • Details of your income and employment
  • Personal identification i.e. Australian driver’s license
  • Your current flybuys number (if you have one)

The Coles No Annual Fee MasterCard is a competitive product that offers many ways to save on standard card costs. As this isn’t the only no annual fee credit card on the market, make sure to compare your options before applying.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

650 Responses to Coles No Annual Fee MasterCard Review

  1. Default Gravatar
    Koos | October 20, 2016

    I want to load money onto this credit card to use overseas. I’m not planning on using more than what I put in. What fees will I be paying for loading money and withdrawing it.

    • Staff
      Jason | October 20, 2016

      Hi Koos.

      Thank you for your inquiry.

      There will be no fees for loading money or cash in this card but you might incur some fee if used overseas such as the Overseas Cash Advance Fee, Overseas ATM Withdrawal Fee and Foreign Currency Conversion Fee. Please check this link for the amount of the said fees.


  2. Default Gravatar
    Sharon | October 17, 2016

    How do you make payments on the Coles credit card?

    • Staff
      Harold | October 17, 2016

      Hello Sharon,

      Thanks for your question. With regards to your concern, if you are currently an account holder of the Coles Credit Card and referencing about the payment procedure. This article will guide you to the proper payment process.


  3. Default Gravatar
    Doug | October 11, 2016

    How long once approved will it take for you to get your card and start using it?

  4. Default Gravatar
    Samira | August 25, 2016

    I have applied online for No Annual fee Credit Card, it was @ 15 days ago and until now I’ve not received any answer from you
    Please, I need to know whether it was approved or not
    Your prompt reply will be deeply appreciated

    • Staff
      May | August 28, 2016

      Hi Samira,

      Thank you for your question. Just to confirm though that you’ve come through to — we are an Australian financial comparison website and general information service, not actually Coles.

      On the average, most banks or credit card companies process applications within 1-2 weeks. If you wish to get the status of your application, I suggest that you contact Coles directly on the contact details that are listed on this page. Also, on the same page, you can find our tips on how you can check your credit card application.

      Hope this has helped.


  5. Default Gravatar
    | August 19, 2016

    How long before we know if the application for Coles No Annual Fee Mastercard is successful or not?

    • Staff
      Anndy | August 22, 2016

      Hi Patrick,

      Thanks for your question.

      If you applied for Coles No Annual Fee MasterCard online, according to Coles website, you should be able to get a response in about 60 seconds after you have submitted 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.


  6. Default Gravatar
    kat | August 13, 2016

    Hi there
    I have a debt of $6,000.- on a different credit card. I would like to apply and use the Coles mastercard with the no annual fee to pay off my debt as your coles credit card offer 0% annual fee and 0% fee on transfer. Have chosen the right credit card?
    Many thanks

    • Staff
      May | August 13, 2016

      Hi Kat,

      Thank you for your inquiry.

      When choosing the right balance credit card, it’s always important to consider how this tie into your financial situation. Unfortunately, as is a comparison website, we may not be able to provide a personal advice.

      Nevertheless, if you find that this Coles No Annual Fee MasterCard suits best to your financial circumstance, you can review the criteria and requirements then click on the ‘Go to site’ button above to head over to the Coles’ website and apply.

      Aside from Coles, if you haven’t yet, you may also like to check this page to compare other no annual fee and 0% interest balance transfer fee credit cards.

      I hope this helps.


  7. Default Gravatar
    Lina | August 10, 2016


    can you confirm that this card ‘Coles No Annual Fee MasterCard’ has 0% rate on balance transfers for 6 months? Is this a special offer or valid at all times?


    • Staff
      Anndy | August 11, 2016

      Hi Lina,

      Thanks for your question.

      Yes, the Coles No Annual Fee MasterCard has balance transfer rate of 0% p.a. for the first 6 months and reverts to 19.99% p.a. thereafter. It is not a special offer but it may also change in the future.


  8. Default Gravatar
    Neil | July 27, 2016

    I did everything as written above and i have been approved and i have made a purchase as well. I want to know when will i receive 20000 flybuy points?

    • Staff
      May | July 28, 2016

      Hi Neil,

      Thanks for your inquiry.

      For the Coles No Annual Fee, your 20,000 bonus points will be credited to your flybuys account linked to your credit card within 4 weeks of that first purchase.


  9. Default Gravatar
    Owen | July 27, 2016

    What is the 25$ special promotion fee?

    • Staff
      May | July 28, 2016

      Hi Owen,

      Thanks for your comment.

      I can’t seem to find that $25 special promotion fee you mentioned. If you could please provide more details where you found it and for what card, we’d be happy to assist you. – Thanks. :)

      As for this Coles No Annual Fee MasterCard Exclusive Offer, you will receive the bonus points when you apply for this card directly on website by clicking the ‘Go to site’ button above. There is no fee when you apply.


  10. Default Gravatar
    Edward | July 26, 2016

    Would I be able to get this offer in about a month time , I am away at the moment

    • Staff
      May | July 26, 2016

      Hi Edward,

      Thanks for your inquiry.

      Unfortunately, this exclusive offer for Coles No Annual Fee MasterCard will end on 31 July 2016, so I’m afraid that this offer will no longer be available one month from now.



Credit Cards Comparison

Rates last updated October 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question