Coles MasterCard – Details & Application
The Coles MasterCard gives you the freedom of 62 days interest free on purchases, a low annual fee that’s waived in the first year and a rewards program that has real and instant benefits for your shopping basket and wallet.
Spend and save with the Coles MasterCard. It’s quite simple to slash your shopping bill and watch the savings stack up at the cash register and beyond. Compare our featured credit cards.
Interest Rates, Fees & Charges
| Interest Rate on Purchases |  |
19.99% p.a. |
|---|---|---|
| Annual Fee | |
$49 |
| Interest Free Period | |
up to 62 days |
| Cash Advance Rate | |
19.99% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$15,000 p.a. |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
| Additional Cardholder Fee | |
$0 p.a. |
Features
The Coles MasterCard’s annual fee is waived in the first year, saving you $49 before you leave the house.
A simple and low cash advance rate 19.99% p.a. and purchase rate of 19.99% p.a. combined with up to 62 days interest free give you freedom to manage your spending without incurring hefty interest fees.
Up to 9 additional card holders at no extra charge lets you empower family members to earn extra points while they shop, getting you discounts faster.
A free upgrade to a Platinum card. Just as your credit limit is determined by your financial situation, if you meet the criteria, you’ll receive a free upgrade to the Coles Platinum MasterCard offering additional benefits like 24/7 world-wide concierge assistance and merchandise protection insurance at no extra cost.
A range of additional insurance options including price protection, merchandise protection, repayment cover, life cover and stolen card protection aimed at making your life easier if things don’t go your way.
How does it work?
The Coles MasterCard rewards you every time you shop at Coles and partnered stores by saving you money off your next grocery bill. After receiving complimentary FlyBuys membership you can redeem your FlyBuys points for $10 off your grocery shopping at Coles Supermarkets every time your FlyBuy’s balance reaches 1,250 points.
As soon as you start shopping you will start earning Flybuys points at the rate of 1 point for every dollar spent on eligible transactions (excludes balance transfers, cash advances, credit fees and charges, refunds, business purchases and balance transfers). You will also earn extra at FlyBuys participants including Liquor Land, K-Mart and Bi-Low.
Once your FlyBuys membership balance reaches the 1,250 points all you need to do is spend over $10 at Coles Supermarkets and scan your card to redeem your discount.
Security
The Coles MasterCard is protected by Falcon fraud monitoring system detecting unusual transactions – you will be notified directly. MasterCard secure code also verifies your purchases in real time whenever you shop online. – your identity is confirmed via SMS or user appointed security questions ensuring your money is secure.
Applying for a Coles MasterCard.
The application process for a Coles MasterCard is simple and can be done online. You should receive a response within 60 seconds of completing your application.
Once your application has been received it should only take five to ten days before you have your card. Then it’s just a matter of waiting for your pin which is sent separately, activating your card and then you’re ready to use your card and start saving.
There are a few things you should know before you apply:
Eligibility criteria.
- You must be over 18 years of age
- You are an Australian resident or intend to stay in the country for the next year with Visa permission.
- Earn over $15,000
You should also have all your personal and financial information on hand such as income details, expenses, identification and landlord details if you are renting.
Best Retail Credit Cards:
Terms and Conditions
# Excludes cash advances and balance transfers. If you transfer one or more balances (other than balances migrated from a Coles Group Card) you will only be eligible for up to 62 days interest free on purchases made after the full balance transfer has been paid.
^ Minimum balance of $100. Balances cannot be transferred from a Coles Group Card or any card issued by GE Money. 0% interest rate only applies to the Coles Group Source MasterCard with no annual fee, and is valid for the first 6 months from the date the account is opened (or, in the case of Coles Group Source MasterCard with FlyBuys Points Extra Fast cardholders, from the date they switch to the card with no annual fee). Interest rate reverts to the standard annual percentage rate after this period. In all other circumstances the prevailing standard annual percentage rate will apply to any balance transfer requests. If you transfer one or more balances (other than balances migrated from a Coles Group Card), you will only be eligible for up to 62 days interest free on purchases made after the full balance transfer amount has been paid. See balance transfer application form for further terms and conditions.
** Earn 1 FlyBuys points for every $1 you spend on eligible transactions on your Coles Group Source™ MasterCard® at Coles group stores. You cannot earn more FlyBuys points until you have provided us with your FlyBuys number (subject to processing times to connect your FlyBuys number to your Coles Group Source MasterCard account). FlyBuys points awarded for using your linked Coles Group Source MasterCard are additional to any FlyBuys points awarded by participating retailers. If you are not already a FlyBuys member, you can join online at the FlyBuys website. Above 80,000 FlyBuys points per calendar year, members earn rate becomes 1 FlyBuys point per $5 spent. No FlyBuys points will be allocated to purchases made with the Coles Group Source MasterCard other than at Coles group stores. Some exclusions apply – see in-store for details. Standard FlyBuys terms and conditions apply.
Featured Shopping Rewards Credit Card
The Woolworths Everyday Money Credit Card is a fresh new credit card for Australians offering a competitive rewards program.
- $49 annual fee
- 0% p.a. for 9 months (reverts to 19.84% p.a.) on purchases
- 5.99% p.a. for 6 months on balance transfers
- Cash Advance Rate of 21.34% p.a.
- 55 days interest free
- Minimum Income Requirement of $30,000 p.a.
Read the Woolworths Everyday Money Card terms and conditions.
| Minimum Income | $15,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit | $500 | |
| Max Credit Limit | $0 |
| Annual Fee | $0 p.a. | |
|---|---|---|
| Minimum Repayment | 2.22% | |
| Interest Charged From | Purchase Date | |
| Late Payment Fee | $25 | |
| Over Limit Fee | $5.00 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4.00 | |
| Gambling Transactions Allowed | No |
| Rewards Points per Dollar | 0.80 Point(s) | |
|---|---|---|
| Points needed for Syd/Mel Return Flight | 28125 | |
| Points needed for $100 Voucher | 15625 |
I do I reopen my account?
I have not been receiving statements for the last 3 months for my Mastercard account :0005446470459132607. I don’t keep old statements and I really need make payments
Hi Geoff,
Please contact your financial institution. Thanks.
Cheers
Jeremy
Before I apply can the card used other than coles stores?
Hi,
The Coles Credit Card can be used everywhere MasterCard is accepted; however, you will only be rewarded with discounts on the purchases you make at Coles Group Stores including: Coles Supermarkets, Liquor Land, K-Mart and Bi-Low. Cheers.
Jeremy