Coles Platinum No Annual Fee MasterCard – Rates & Fees

Information verified correct on October 2nd, 2015
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Earn reward points at zero annual fees with Coles Platinum No Annual Fee MasterCard.

Coles Platinum No Annual Fee MasterCard has brought reward points to the zero annual fees credit card category. This card comes with a lifetime zero annual fees. The reward program allows earning 0.50 flybuys points for every dollar spent. The points are uncapped and never expire. New cardholders can use balance transfer option which offers 0% p.a. interest rate for 6 months.
Additional benefits include 24/7 worldwide concierge service and Merchandise Protection Insurance which protects the items purchased through the card in case they are lost, stolen or damaged.

Product NameColes No Annual Fee Platinum 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 Limit100% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you don't 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
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 Income$15,000
Card TypeVisa
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
Credit Rating RequirementGood
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.
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
Number of Additional Cardholders8
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchNo
Rewards Programflybuys
Rewards Points per $ spent (VISA/MC)0.5
Rewards Points per $ spent (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Coles Platinum No Annual Fee MasterCard Review

It is difficult to find rewards program attached with a zero annual fee card. Coles Platinum No Annual fee MasterCard changes this trend by allowing customers to earn 0.5 reward points for every dollar spent on the card. The earn rate on other cards can be higher but they come with an expensive annual fee tag. This can be a good initial card to try rewards program. If the rewards point program is beneficial, you can look for higher earn rate card.

The balance transfer option is competitive and should help customers consolidate their debt on a single card with minimum maintenance cost. The card comes with 62 interest-free days which can help in lowering the interest burden. Complimentary travel insurance is not provided on the card which can increase out of pocket expenses for regular travellers.

Benefits of the Coles Platinum No Annual Fee MasterCard

Coles Mobile Wallet

With the Coles Platinum 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.

Rewards program

This card earns 0.50 flybuys reward points for every dollar spent. These points never expire and are uncapped. This should help in accumulating the points over a longer period and using the points to purchase a coveted home appliance, electronic gadget or fund your next dream vacation.

Annual cost.

The card comes with zero annual fees which should help in minimising the maintenance cost of the card. This also helps in using the card as a buffer card without the need to spend annually any extra amount.

Discounts and savings

Every time you redeem 2,000 flybuys points you will receive an instant $10 discount at the checkout. You can also receive free delivery when you spend $100 or more on your card when shopping with Coles Online. Offer can be withdrawn at any time. Offer excludes tobacco and tobacco related purchases and remote delivery orders.You may still be interested in learning more about shopping online at Coles. First time customers to Coles receive free home delivery on orders over $100. Learn more here.

International use

You can also use your MasterCard overseas. However, this may attract fees such as an international ATM fee and international transaction fee.

Apply for a balance transfer anytime

A balance transfer can be requested at anytime from once your account is set up (your card must 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 Platinum No Annual Fee MasterCard

  • Annual fee. As mentioned, the Coles Platinum No Annual Fee MasterCard has no annual fee. This is a lifetime zero annual fee and can assist you in saving over the life of your card.
  • Rewards program. The Coles Platinum No Annual Fee MasterCard is linked to the flybuys program. You receive 1 flybuys point for every $2 you spend everywhere. This is in addition to the usual flybuys points you receive from making purchases at Coles partners. This means when you shop at Coles you have the potential to earn 1.5 points for every dollar spent when you scan your flybuys barcode on your card.
  • Free delivery at Coles online. Cardholders receive free delivery when they make purchases of over $100 at
  • Interest rate. This credit card has an interest rate 19.99% p.a. on purchases and cash advances.
  • Interest-free period. The Coles Platinum No Annual Fee MasterCard has a 62-day interest-free period, allowing you time to pay off your balance before interest will be charged.
  • Fraud protection. Falcon fraud management system identifies unusual activity and alerts through an SMS. Also, MasterCard Zero Liability Guarantee protects from fraudulent or unauthorised transactions.
  • Additional cardholders. You can get additional cards on the same account at no extra cost. This can help in higher points earning ability for the entire household.
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How to apply for the Coles Platinum No Annual Fee MasterCard

Applying for the Coles Platinum No Annual Fee MasterCard is easy and you can get a response in 60 seconds. To apply online, simply complete the online application form available on this page. Before you start, ensure you meet the following eligibility requirements:

  • Age. Cardholders must be at least 18 years of age.
  • Credit rating. They should have good credit rating.
  • Resident. They must be a permanent resident of Australia.

Information/Documents required

  • Personal details. Name, date of birth, contact details, relationship status, and other personal details are required.
  • Financial details. Information about income, expenses and assets is also required.
  • Identification documents. Identity documents like driver’s license, medicare card or passport are required.

Coles Platinum No Annual Fee MasterCard provides reward points at zero annual fees. This card comes with other benefits like balance transfer offer, interest-free days, platinum concierge services, fraud protection and more. It offers competitive features and benefits for customers looking to earn reward points at a minimum cost.

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Frequently Asked Questions

What are the eligible transactions to earn reward points?

Following transactions will not earn any reward points: cash advances, credits, refunds, reimbursements, business purchases or balance transfers into the account. All other transactions including grocery purchases, online purchases, etc. will earn reward points at the rate of 0.50 points for every dollar spent.

Is this card suitable for overseas travel?

Coles Platinum No Annual Fee MasterCard does not come with complimentary travel insurance which is the most sought after feature for overseas travellers. It also does not provide free foreign currency conversion. You can compare other cards which offer complimentary travel insurance. However this card can be a good buffer card when travelling overseas as there is no maintenance fee and it offers platinum concierge services.

Can I transfer balance from any credit card?

Balance transfer option is limited by the maximum credit limit on the account. Also, it is not possible to transfer balance from other partner banks. In case of this card you cannot transfer balance from any other Coles MasterCard and a card issued by GE Money.
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14 Responses to Coles Platinum No Annual Fee MasterCard – Rates & Fees

  1. Default Gravatar
    Rudi | August 24, 2015

    can you apply for a joint application, or additional cards?

    • Staff
      Jonathan | August 24, 2015

      Hi Rudi, thanks for your inquiry!

      Unfortunately Coles MasterCard does not support joint applications, although you can have up to 8 additional cardholders on this credit card with a $0 fee.



  2. Default Gravatar
    Sue | August 20, 2015

    Does Coles master card provide the international travel insurance like the other master card does when it is used to pay for the flights to overseas?

    • Staff
      Sally | August 21, 2015

      Hi Sue,

      Thanks for your inquiry.

      Unfortunately, Coles MasterCard does not offer complimentary overseas travel insurance.
      For a list of travel cards which provide this feature, you may want to check this page.

      I hope this has helped.



  3. Default Gravatar
    Paul | October 3, 2014

    Would Aged Pensioners be eligible for this card.

    • Staff
      Elizabeth | October 3, 2014

      Hi Paul,

      Thanks for the question.

      You’re able to apply for this card if you are an aged pensioner, as long as you are able to satisfy the minimum salary requirement of $15,000 p.a.

      Hope this has helped.



  4. Default Gravatar
    Susan | September 9, 2014

    Does this card come with travel insurance?

    • Staff
      Shirley | September 10, 2014

      Hi Susan,

      Thanks for your question.

      Unfortunately this card doesn’t come with complimentary travel insurance.

      You can find a list of cards that do here.


  5. Default Gravatar
    Josh | April 24, 2014


    Do the points on this card have an expiry limit?


    • Staff
      Shirley | April 24, 2014

      Hi Josh,

      Thanks for your comment.

      The points don’t expire on the Coles no annual fee Mastercard.


  6. Default Gravatar
    Lulu | December 9, 2013

    Does anyone know how long does it take for flybuy points earned by using coles master card be transferred to your flybuys account? The website says daily but I made purchases on the 6 December however the flybuys points haven’t been transferred to my flybuys account today, the 8 December. Have I missed something? Thank you for your reply in advance.

    • Staff
      Jacob | December 9, 2013

      Hi Lulu.

      The 6th of December was a Friday. It could be the flybuys points are not processed over the weekend.

      Thanks for your question.

  7. Default Gravatar
    tony | August 18, 2013

    Can I keep my points with my existing MasterCard?

    • Staff
      Jacob | August 19, 2013

      Hi Tony.

      What credit card do you have?

      If you’re a member of a rewards program, like the Commonwealth Bank Awards Program, you will have three months to use your points after you close the credit card account before they expire. This card rewards you with flybuys points when you make an eligible purchase on the card. These points will be credited to your flybuys rewards account, which can be managed online.

      Thanks for your question.

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Rates last updated October 2nd, 2015
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HSBC Platinum Credit Card
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