A Coles MasterCard can be a good way for loyal Coles customers to get something back for their everyday purchases. There are many Coles credit card products to choose from, so it’s best to compare your options to decide which one provides you with the most value.
Applying for a Coles MasterCard isn’t a difficult process, though there are some eligibility requirements you’ll need to consider before submitting your application.
Follow our easy guide below to ensure simplify your application experience.
Coles Credit Card Offer
Coles No Annual Fee Mastercard offers a low introductory interest rate on purchases. Plus no annual fee and earn flybuys points everywhere you spend.
- $0 p.a. annual fee
- 0% p.a. for 15 months (reverts to 19.99% p.a.) on purchases
- 0% p.a. for 6 months on balance transfers
- Cash Advance Rate of 19.99% p.a.
- Up to 62 days interest free
- Minimum Income Requirement of $25,000 p.a.
What do you need to prepare for the Coles MasterCard Application?
Before you submit your application, take a bit of time to prepare the appropriate documentation that will be required. In order to qualify for a Coles credit card application, you may need to verify you’re over 18 years old at the time of application.
This can mean providing identification documents that may include a birth certificate, passport, driver’s license or other suitable photo ID.
Coles Mastercard Comparison
Rates last updated October 25th, 2016.
- Coles Low Rate MasterCard
Purchase rate has been updated from 12.99 to 9.99% p.a.
February 10th, 2016
- Coles Rewards Platinum MasterCard
2 flybuys reward points for every dollar spent + a low balance transfer offer
May 30th, 2016
- Coles Platinum No Annual Fee MasterCard
New offer of 0% p.a. for 15 months on purchases is valid until 31 December 2016.
October 5th, 2016
You may be asked to verify that you have an income. Regardless of what type of income you’re currently receiving, you will need to provide evidence of how much you’re currently earning. If you have payslips or statements from Centrelink, then provide these documents to the lender as part of your application.
These documents help the credit assessor to determine whether you’ll be able to repay the amount of money you may spend on your credit card in the future.
Repayments and Bills
If you’re currently repaying other loans or credit cards, or if you’re paying rent each week, you may need to provide details of how much your current minimum repayments are for each of these. You might also be required to provide your landlord’s details.
Before you sign and submit your Coles credit card application, be sure to take a little time to read through the contract terms and conditions. Once you sign the contract agreement, you’ll be bound by the terms laid out in the fine print.
To help protect yourself against any unforeseen conditions or charges that may arise, it’s best to know in advance what is expected of you and what the lender may resort to in a worst case scenario.
If you don’t understand the wording laid out in the terms and conditions, be sure to ask a representative. Ask plenty of questions and be sure you understand exactly what’s required of you. If you don’t receive an answer that makes sense to you, ask for further clarification.
After all, this is your money that will be repaying the amounts you charge in future, so it’s important you understand your own obligations under the contract conditions in full.
It’s relatively simple to submit your Coles credit card application online. Simply fill in the online form and submit your application, but be sure you’ve taken some time to read through the terms and conditions before you do so.
Types of Coles Credit Cards