Coles No Annual Fee MasterCard Review

Information verified correct on June 30th, 2016
Coles No Annual Fee MasterCard Find out more Go to site

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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
Click here to start your application >>

The Coles No Annual Fee MasterCard lets you earn 1 flybuys point per $2 spent, up to 62 days interest-free on purchases and no annual fee ever.

The Coles No Annual Fee MasterCard rewards you with 1 flybuys point for every $2 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 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.)19.99% p.a.
Offer end date30 June 2016
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you dont 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.
$500
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.
Good
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.
$500
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 ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)2.5% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchNo
MailYes
Pros
  • $0 annual fee on the life of the card.
  • Get up to 62 interest-free days.
  • Earn 0.5 flybuys point per dollar spent.
Cons
  • 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 costs nothing to own and allows you to earn 1 flybuys point for every $2 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.
  • Earn flybuys points whenever you spend. 1 flybuys point for every $2 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. 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 any Coles Supermarket after redeeming 2,000 flybuys points. Eligible purchases exclude the following (smoking/tobacco related product purchases, Coles Group gift cards and iTunes cards).
  • 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.
  • Earn more flybuys points. 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. You can apply for balance transfer upon request 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 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.

Coles No Annual Fee MasterCard features

  • 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 1 flybuys point for every $2 worth of eligible purchase you make on the card.
  • Interest-free days. Up to 62 days interest-free on purchases made with the Coles No Annual Fee MasterCard.
  • 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.
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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 60 seconds of completing your application. Coles MasterCard will send you an email letting you know whether your application has been approved, conditionally approved or declined.

Application criteria

  • Applicant is 18 years or older
  • Earn more than $25,000 p.a.
  • Be a permanent Australian resident or you must have permission to stay in Australia for at least 12 months

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 the Coles No Annual Fee MasterCard.

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616 Responses to Coles No Annual Fee MasterCard Review

  1. Default Gravatar
    Le | June 1, 2016

    My husband and I, we both want to apply for Coles Mastercard, do we have to submit 2 applications?

    We already have flybuys, so how is this Mastercard link to our flybuys card?

    • Staff
      May | June 6, 2016

      Hi Le,

      Thanks for your question.

      The Latitude Financial Services offers the Coles No Annual Fee MasterCard and they recommend that the person applying for this product is the main income earner in the household, so it’s you (or your husband) can be the primary cardholder and then later on, just him as an additional cardholder (or he adds you to be the additional cardholder). If you wish to link your flybuys membership / account to this Coles MasterCard, you’ll need to call flybuys on the number I’ve forwarded to your email.

      I hope this answers your question.

      Cheers,
      May

  2. Default Gravatar
    | June 1, 2016

    I currently have a Credit Card with the Commonwealth Bank. I pay NO ANNUAL FEE. I have a limit of $4,000, and pay approximately, 13.47% interest on it. I also am currently overdrawn by approximately $605.00. I pay a $10.00 overdrawn fee. What I wanted to know, is do you have a low-interest credit card that can give me, NO ANNUAL FEE, A LOWER INTEREST RATE THAN WHAT I’M CURRENTLY PAYING, GIVE ME TIME TO PAY IT OFF SLOWLY, AS I AM ON A DISABILITY SUPPORT PENSION, AND GET PAID FORTNIGHTLY? I AM LOOKING TO CHANGE, AS I FEEL THAT I AM BEING RIPPED OFF BY THEM. I WOULD BE VERY INTERESTED TO SEE WHAT YOU CAN OFFER ME. I ALSO WANT TO SAY THAT I WAS AN EMPLOYEE FOR APPROXIMATELY 10 YEARS. DO YOU HAVE A CREDIT CARD THAT DOES NOT CHARGE ME MORE THAN $10.00 WHEN I AM OVERDRAWN, NO ANNUAL FEE, AND MOST IMPORTANTLY GIVE ME PLENTY OF TIME TO PAY IT OFF SLOWLY, BECAUSE I AM ON THE DISABILITY PENSION? I WOULD ALSO LIKE TO KEEP MY LIMIT OF $4,000 AS IN THE PAST AND CURRENTLY, I HAVE HAD TO PAY FOR SURGERIES, THEN WAIT TO BE REIMBURSED FROM MY COMPANY. If someone could please send me an email with answers to my questions, it would be much appreciated.

    Thank you for your time.

    Kind regards,
    Rosetta

    • Staff
      May | June 1, 2016

      Hi Rosetta,

      Thanks for your comment.

      Since you are already receiving pension payments, you can refer to this page to find which banks or card issuers who would accept your application. You may click on the name of the bank so you can view the cards they offer.

      Moreover, if you want to find out which cards have low or no annual fees and low-interest rates, you can view them here. Some of these cards offer 0% interest on balance transfer for a promo period.

      As for the credit limit, that will be determined by the card issuer depending on their assessment of your financial situation. Please also note that the total balance you can transfer to a new credit card should not exceed the credit limit you’ll be approved for.

      Please make sure to read the eligibility criteria and requirements or call the card company to discuss your options and chances of approval before you apply.

      I hope this is helpful.

      Cheers,
      May

  3. Default Gravatar
    David | May 30, 2016

    Can you get a card issued in joint names?
    I know you can have a second card issued to another adult over 18 but in that circumstance the card seems to be still in a single persons name.

    • Staff
      Anndy | May 30, 2016

      Hi David,

      Thanks for your comment.

      Unfortunately, the Coles No Annual Fee MasterCard doesn’t allow for joint application.

      If you like to apply for a joint-account credit card, there are several options on this page.

      I hope this helps.

      Cheers,
      Anndy

  4. Default Gravatar
    rachel | May 1, 2016

    Hi I want to get a coles credit card with a 0 balance transfer. When I was completing the application it requested the current credit card balance is this the full amount that I have spent on the credit card. Thanks

    • Staff
      Ysa | May 3, 2016

      Hi Rachel,

      Thanks for your question.

      The “credit card balance” refers to the amount of charges that you need to repay to the credit card company.

      Cheers,
      Ysa

  5. Default Gravatar
    Connie | April 27, 2016

    Can I use the Coles MasterCard at other stores not associated with Coles?

    • Staff
      Sharon | April 27, 2016

      Hi Connie,

      Thanks for your inquiry.

      The Coles MasterCard can be used everywhere MasterCard is accepted. However, you can earn flybuys points on purchases with Coles and its partners including Kmart, Liquorland, Telstra, Target and more.

      You can see a full list of the partners on our flybuys guide.

      I hope this has helped.

      Sharon

  6. Default Gravatar
    | April 17, 2016

    Hi,
    Could you please tell me whether it’s still possible to use the credit card on other suppliers except on Flybuys members. Also is it still possible to use it on overseas purchases? What documents are needed if I’m a self-employed person who started the business recently?

    • Staff
      Anndy | April 18, 2016

      Hi DD,

      Thanks for your question.

      Please note that finder.com.au is a financial comparison and information service and is not Coles.

      You can use Coles No Annual Fee MasterCard when purchasing in-store and online where Mastercard is accepted. So yes, you can also use it for overseas purchases.

      If you are self-employed for less than a full year, you’ll need a letter from your accountant that shows the details of your personal taxable income for the time you’ve been self-employed.

      I hope this answers your question.

      Cheers,
      Anndy

  7. Default Gravatar
    | April 14, 2016

    Do you have a similar credit card where one receives one point for each dollar spent?

    • Staff
      Anndy | April 14, 2016

      Hi Stuart,

      Thanks for your question.

      You may start comparing other credit cards that offer one point for every dollar spent through this page. Kindly refer to the “points per $ spent” column on the Reward Program Credit Cards Comparison table.

      I hope this helps.

      Cheers,
      Anndy

  8. Default Gravatar
    Rosemary | March 9, 2016

    Is it possible to apply for a no annual fee credit card in person, or is it only available online.

    Thank you.

    Rosemary

    • Staff
      Ally | March 9, 2016

      Hi Rosemary,

      Thanks for reaching out.

      Kindly note that finder.com.au is an online comparison service that does not represent any credit card issuer such as Coles.

      Nonetheless, I have confirmed with Coles that they are currently only offering online applications.

      If you wish to find out more about this card, you may simply click on any of the green ‘Go to site’ buttons on this page.

      I hope this has helped.

      Cheers,
      Ally

  9. Default Gravatar
    Maria | March 8, 2016

    I already have Coles Mastercard, can I still avail the 0% interest on balance transfers?

    • Staff
      Ysa | March 8, 2016

      Hi Maria,

      Thanks for your question.
      Unfortunately, the 0% balance transfer offer is only applicable to new customers.

      You may like to compare other balance transfer credit cards on this page.

      I hope this helps.

      Cheers,
      Ysa

  10. Default Gravatar
    Cheryl | March 1, 2016

    Hi,
    Just confirming that if you use this cards credit facility to make a purchase somewhere other than Coles you earn no reward points>

    • Staff
      Sally | March 2, 2016

      Hi Cheryl,

      Thanks for your question.

      You can earn flybuys points on purchases with Coles and its partners including Kmart, Liquorland, Telstra, Target and more.

      You can see a full list of the partners on our flybuys guide.

      I hope this has helped.

      Cheers,

      Sally

Credit Cards Comparison

Rates last updated June 30th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
14.99% p.a. 0% p.a. for 12 months $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 Interest Visa Card offers 0% p.a. purchase and balance transfer offers for 15 months. 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 2% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au 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.

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