Coles Platinum No Annual Fee MasterCard – Rates and Fees

Information verified correct on September 23rd, 2016
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Earn 10,000 bonus Reward Points, receive platinum card benefits and pay no annual fee with the 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 complimentary insurance and a lifetime $0 annual fee. The reward program offers 1 flybuys point for every $2 spent and 10,000 bonus points if you apply and are approved by 30 September 2016 and make a purchase of any amount within 30 days of card approval, excluding cash advances.

Product NameColes Platinum 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 Limit100% 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 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.
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 AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchNo
  • 10,000 bonus points on sign up if you apply and are approved by 30 September 2016 and make a purchase of any amount (excludes cash advances) within 30 days of card approval.
  • 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.
  • 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 Platinum No Annual Fee MasterCard review

It is difficult to find a rewards program attached to a zero annual fee card. Coles Platinum No Annual Fee MasterCard changes this trend by allowing customers to earn 10,000 bonus points on sign-up and earn 1 reward point for every $2 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 a rewards program. If the rewards point program is beneficial, you can look for a 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 on purchases.

Benefits of the Coles Platinum No Annual Fee MasterCard

  • 10,000 bonus points offer. New customers are eligible for the 10,000 bonus points offer if they apply for a Coles Platinum No Annual Fee MasterCard and are approved by 30 September 2016 and make a purchase of any amount (excludes cash advances) within 30 days of card approval. The bonus points will be credited to the flybuys account linked to your credit card within two weeks of that first purchase. New flybuys members will be enrolled for a flybuys account during the credit card application process.
    To apply for this offer enter the promo code 10BP” on the first page of the application process.
  • 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 1 flybuys reward point for every $2 spent. These points are uncapped and will never expire as long as you register and earn or redeem points at least once every 12 months. 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.
  • No annual fee. The card comes with no annual fee 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.
  • 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, Coles Group gift cards and iTunes cards.
  • 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.
  • Merchandise protection insurance. This insurance provides cover for items purchased on your card up to a maximum of $8,000 for all items (excluding any item bought for less than $10, jewelries, gift vouchers, traveller’s cheques, tickets, perishable items, used items, etc.) in a 12-month period.
  • 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. A balance transfer can be requested at anytime 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.

Coles Platinum No Annual Fee MasterCard features

  • Bonus points offer. If you apply and are approved by 30 September 2016 and make a purchase within 30 days of card approval, you’ll earn 10,000 bonus points.
  • 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. Earn 1 flybuys point for every $2 you spend. This is in addition to the usual flybuys points you receive from making purchases at Coles partners.
  • 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 of 19.99% p.a. on purchases and cash advances.
  • Interest-free period. The Coles Platinum No Annual Fee MasterCard provides up to 62 days interest-free, allowing you time to pay off your balance before interest will be charged.
  • Concierge services. Take advantage of 24/7 concierge service for assistance with booking travel tickets and events, locating restaurants, making hotel reservations, and much more.
  • 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.

How to apply for the Coles Platinum No Annual Fee MasterCard

You can’t apply for this Platinum card offer directly, but anybody who applies for the Coles No Annual Fee MasterCard, and is approved for a credit limit of at least $6,000, will receive the Coles No Annual Fee Platinum MasterCard. Applying 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.

Enter promo code “10BP” on the first page of the application to receive the 10,000 bonus points offer.

  1. When you are ready to apply for this credit card offer, press the ‘Go to Site’ button where you will be redirected to the secure application form
  2. Enter “10BP” in the Promotion Code field to apply for the offer
  3. Complete the details of the application and submit for approval


Eligibility criteria

  • Cardholders must be at least 18 years of age.
  • They should have good credit rating.
  • Have the right to work in Australia.

Required documents

  • Name, date of birth, contact details, relationship status, and other personal details are required.
  • Information about income, expenses and assets is also required.
  • Identity documents like driver’s license, medicare card or passport are required.
  • Your current flybuys number (if you have one).

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 on purchases, platinum concierge services, fraud protection and more. It offers competitive features and benefits for customers looking to earn reward points at a minimum cost.

Frequently asked questions

What are the eligible transactions to earn reward points?

The 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 1 point for every $2 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 Latitude Financial Services.

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23 Responses to Coles Platinum No Annual Fee MasterCard – Rates and Fees

  1. Default Gravatar
    Anthony | July 27, 2016

    Does the card auto discount $10 once I accumulate 2000 fly buy points or do I have to log on to access this?

    • Staff
      May | July 28, 2016

      Hi Anthony,

      Thank you for your question.

      You can actually get the $10 off instantly at the checkout every time you redeem 2,000 flybuys points – that is when you shop at the Coles supermarkets and BI-LO. Please note that the discount excludes smoking/tobacco related product purchases, Coles Group gift cards and iTunes cards.


  2. Default Gravatar
    Maureen | June 12, 2016

    I am a current Coles platinum mastercard account holder. Please tell me more about the complementary product protection insurance for items purchased with this card.

    • Staff
      Ysa | June 15, 2016

      Hi Maureen,

      Thanks for your question.

      For a full information about the Coles MasterCard insurance benefits, please refer to page 46 (Merchandise Protection) of the PDF link I’ve forwarded to your email.

      I hope this helps.


  3. Default Gravatar
    GREG | January 26, 2016

    do you post me monthly paper statements

    thank you

    • Staff
      Sharon | January 27, 2016

      Hi Greg,

      Thanks for your question.

      Just to confirm, you have come through to, not Coles. Your statements are mailed to your billing address every month. Your monthly statement is also available online via Online Service Centre.

      I hope this helps.


    • Staff
      Jonathan | January 27, 2016

      Hi Greg, thanks for your inquiry!

      Paper bills can be requested by calling Coles customer service centre on 1300 306 397. This service is available Mon-Fri 8.00am – 9.00pm AEST, Saturday 8.00am – 8.00pm AEST, Sunday 8.30am – 8.00pm AEST.



  4. Default Gravatar
    Viana | December 29, 2015

    I’m trying to use my credit card to withdraw money and in restaurants, but it has been declined numerous times even though I have credit?

    • Staff
      Debbie | December 29, 2015

      Hi Viana,

      Thank you for your inquiry.
      Please note that you’ve come through, an online comparison service and not Coles.

      To be able to assist you further, kindly speak directly to a Coles customer representative. They may be able to help you with the issue on your account.

      For a list of reasons why credit card transactions usually get declined, please refer to this page.
      I hope this helps.


  5. 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.



  6. 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.



  7. 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.



  8. 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.


  9. 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.


  10. 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.

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