Coles No Annual Fee MasterCard Review

Information verified correct on May 25th, 2016
Coles No Annual Fee MasterCard Find out more Go to site

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Pay no annual fee— ever, the Coles No Annual Fee MasterCard is offering *$100 off a single Coles Supermarket shop.

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 annual fee and an offer of *$100 off a single Coles Supermarket shop if your application is submitted and approved by 31 May 2016 and make a purchase within the first 30 days of the card approval date.

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 date31 May 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$15,000
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$15,000
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 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

  • *$100 off a single Coles Supermarket shop. New cardholders receive $100 to spend at Coles Supermarkets. To receive this offer you need to complete and submit the secure online application before 31 May 2016, be approved and make a purchase (excludes cash advances) within the first 30 days of card approval. You need to have an active flybuys account (offer will be activated on flybuys account quoted in application) and be a new Coles credit card-holder. The $100 offer is only available to new customers and needs to be redeemed by 30 September 2016. To redeem, scan flybuys card and make one eligible purchase at a Coles Supermarket (in-store) of at least $100.05 after discounts and savings (excludes Coles Express, Coles Local and Coles Online).
  • No annual fee. As the name suggests there is no annual fee on this credit card.
  • Earn flybuys points whenever you spend. 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. 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.

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 annual fee.
  • Earn flybuys points. Earn 0.5 flybuys points per dollar spent 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. Additional cards can be issued to applicants over the age of 16 for 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 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.

Application criteria:

  • Applicant is 18 years or older
  • Earn more than $15,000 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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610 Responses to Coles No Annual Fee MasterCard Review

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. Default Gravatar
    Jarryd | February 23, 2016

    Can I balance transfer from multiple credit cards? Ideally I’d like to consolidate 3 cards.

    If this card doesn’t are you able to recommend one you can transfer multiple balances and has a low annual fee (ideally $0 annual fee)?

    • Staff
      Sally | February 24, 2016

      Hi Jarryd,

      Yes, you should be able to transfer multiple balances, so long as the total transfer amount doesn’t exceed the total approved credit limit. You’ll just need to provide the details of all of the balances when you’re filling out the application.

      I hope this has helped.

      Cheers,

      Sally

  9. Default Gravatar
    Laura | February 8, 2016

    2 things.
    The minimum spend is $500.
    Does this mean per month, and what happens if I don’t spend that amount, that month?
    And , can I arrange to have my statement paid out in full at the end of each statement, and again at what charge?

    • Staff
      Jonathan | February 8, 2016

      Hi Laura, thanks for your inquiry!

      A credit limit represents the minimum amount Coles will allow you to borrow on this card. This means that if you are approved with a credit limit of $500, this is the maximum which you can spend on the card. There is no obligation to spend a certain amount on credit cards. There are no charges for having your full statement amount repaid each month.

      Cheers,

      Jonathan

    • Default Gravatar
      | February 8, 2016

      Hi again,
      So the minimum spend, is total cash that can be drawn out on that card?? Not transactions.
      And, is there any other way of paying statements in full, apart from post office and online banking?

    • Staff
      Jonathan | February 9, 2016

      Hi Laura, thanks for your response.

      Yes that is correct, it is the total amount of cash that can be drawn out of the card. You can pay your credit card bill via the following methods:
      -Direct debit
      -BPAY
      -Australia Post
      -Mail by Cheque
      -In store at Kmart and Target stores
      -Direct debit

      I hope this helps.

      Cheers,

      Jonathan

  10. Default Gravatar
    Arthur | February 2, 2016

    Hello,

    Ive researched this coles no annual fee card and it seems like a competitive reward no fee card, especially now with the $100 shop offer. My questions:

    1. Confirming the card earns 1.5 points per $1 when shopping at coles? (0.5 for using card and 1 for normal coles flybuys benefit.
    2. The Etihad partnership, does the card earn 1 etihad tier mile ON TOP OF normal 1.5 points listed above, or IN PLACE OF of the 1.5? or is it a mix such as 1 etihad point plus 1 or 0.5 flybuys?
    3. is there a balance transfer included, I cant see any promotional offer running until feb8
    4. is support for other airlines, namely Virgin/Velocity coming anytime soon? Namely for linking to earn points or being able to transfer points across to them.

    Thank you

    • Staff
      Jonathan | February 3, 2016

      Hi Arthur, thanks for your inquiry!

      The responses to your questions are as follows:

      1. That is correct. When you swipe your flybuys card/ barcode at Coles Supermarkets you will earn 1 point per $1 spent, in addition to the 0.5 flybuys points per $1 spent with the Coles No Annual Fee credit card.
      2. You can only convert flybuys points to Etihad points, at the rate of 10,000 Flybuys points to 4,000 Etihad Guest miles. Flybuys points can be redeemed only in blocks of 10,000 points.
      3. You can be approved for a balance transfer offer of 0% for 6 months when you apply for this credit card.
      4. At this point of time we have not received any update on partnerships with frequent flyer programs/ airlines.

      I hope this helps.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated May 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 0.99% p.a. for 4 months with a low annual fee.
0.99% p.a. for 4 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
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
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points when you spend $2,500 within the first three months and 1.5 points per $1 spent. Get complimentary airport lounge access, 24/7 concierge with $0 annual fee in the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) 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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