Coles MasterCard – Details & Application
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The Coles MasterCard gives you the freedom of 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.
Rates and Fees
| Product Name | Coles Mastercard | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 6 months | |
| Interest Rate on Purchases | 19.99% p.a. | |
| Annual Fee | $49 p.a. | |
| Interest Free Period | up to 62 days | |
| Interest Rate on Cash Advances | 19.99% p.a. | |
| Minimum 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.
|
$6,000 | |
| Minimum Monthly Repayment | 2.22% | |
| Credit Card Type | MasterCard | |
| Late Payment Fee | $25 | |
| Complimentary Travel Insurance | No | |
| Available to Temporary Residents | Yes | |
| Joint Application | No |
Features
A simple and low cash advance rate combined with up to days interest free give you the 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 complimentary upgrade to a Platinum card if you meet the criteria – when your credit limit is over $6,000. The Coles Platinum MasterCard offers 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 FlyBuys balance reaches 2,000 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 2,000 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 is 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 consider applying:
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
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.
Read the Coles Mastercard terms and conditions.
| Minimum Income | $15,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | Yes - Conditions apply | |
| Credit Rating Requirement | 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. | $6,000 |
| Annual Fee | $49 p.a. | |
|---|---|---|
| Minimum Repayment | 2.22% | |
| Late Payment Fee | $25 | |
| Cash Advance Fee | $1.95 | |
| Overseas ATM Withdrawal | $5 | |
| Foreign Currency Conversion Fee | 2.5% | |
| Gambling Transactions Allowed | No | |
| Number of Additional Cardholders | 9 |
Read the Coles Mastercard terms and conditions.
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33 Responses to Coles MasterCard – Details & Application
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I want to keep a log of my food and fuel bills. Can I apply for a Coles CC with a minimum limit of say $500 to start with?
Hi Peter. Sorry for the delayed response. Yes, you can apply for this card and adjust the credit limit once you’re accepted — minimum is $500. Thanks.
How do you receive petrol discount vouchers if you have signed up for an on-line bill?
Hi Elizabeth. Thanks for your question. This shouldn’t make a difference as the discount offer is attached to your receipt when you make a purchase and scan you card. According to the terms and conditions, ‘Spend $30 or more in one transaction at Coles Supermarkets within 180 days of redeeming this reward and scan your flybuys barcode. Your receipt will include a voucher combining the base Coles Fuel Offer and the +4c/L Fuel Reward#. That’s at least 8c/L in fuel savings! ‘ Apologies about the delay. Jacob.
I do I reopen my account?
the card holder is deceased, what are the legal requirements of the account.
Hi David. Thanks for your question and sorry about the delay in getting back to you. Please refer to this article on what happens to a credit card after a death. Jacob.
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
was my request for a coles credit card approved?
Hi Marika. Please check our guide on how to check on your credit card application for further information on this topic.
Before I apply can the card used other than coles stores?
Hi,
The Coles MasterCard 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
i am trying to apply for the coles mastercard. Have the correct page up ut when you get down to the bottom of the page where the apply now button is it has Woolworths credit card and when you click on the apply now button is the application form for the woolworths one. how do I go about for the coles mastercard as this is the one that I want to do it for ot Woolworths.
Hi Kerri. Thanks for your question and sorry about the delay in this response. Not sure if this answer is still relevant to you directly; however, for anyone else, this must have been a temporary glitch – I’ve tested the application and everything is fine. Jacob.
What steps do I need to take to close my Coles MasterCard account.
Your assistance with this request is appreciated.
Thank you
Karen
Hi Karen. Please refer to our article on cancelling your credit card for further information.
what is the balance transfer rate
Hi,
Thanks for the question. This card does not offer a balance transfer feature. Cheers.
Jeremy
why when you are on a disability pension and has a good credit rating with the copy of his credit report and over the min wage of $15,000 pa, which is one of the main requirements to have and after all my living expenses including my rent with bal of approx $500 per mth left it gets declined. please Please please explain ? Awaiting for your reply. Kind Regards, Rob.
Hi Robert. Thanks for your question. For information about this question can you please refer to our article on the topic. Cheers.
I had applied and was granted a Coles credit card for 2,000.
unfortunately I realised I had included my husbands pension in my statement of how much I earned .. Can I re apply ?
Regards Susie
Hi Susan. Please contact the lender directly to resolve this issue. Thanks for your question.
On the back of the March edition of the Coles food magazine, it states 3 flybuys points are received per $1 spent however the information online states 1:1
Can you advise how many points are received for each dollar spent at coles and how many points are received for purchases made elsewhere.
Hi Denise,
thank your for the question.
There are two options with this card – a free loyalty program and a paid loyalty program, which comes with an annual fee of $49. On the free loyalty program the Coles MasterCard will earn 3 points for every dollar spent at any flybuys participant stores such as Coles, Target, Liquorland and more. This is made up of the following.
When paying for something at the checkout, 2 points will be earned for every dollar spent using the Coles MasterCard. When it asks to present any flybuys cards, scan the flybuys barcode on the back of the MasterCard and this will earn an extra point per dollar, bringing this to 3 points for every dollar spent.
For the paid loyalty program the above will apply, but cardholders will also earn 2 points for every dollar spent on any eligible transaction even if it’s not at a participating Coles store. If the store is not a flybuys participant this means the extra point per dollar will not be earned.
I hope this helps,
Marc.
Can I pay this card off at any Coles store?
Hi Glenys. Thanks for your question. The terms and conditions state, ‘Pay over the counter at Kmart and Target stores. Simply bring your Coles MasterCard statement along with your payment to the register.’ You can also pay your account a number of other ways. I’ve sent information to your email. Jacob.
I am unable to sent documents via email as I was told to do this morning.
Hi Bridgette. Thanks for your question. Can you please contact Coles directly with this query. You can find their contact number here. Jacob.
I used to have a Coles card but got into trouble with it. I have continued to pay it whenever I have spare money, but I have changed address several times and have not had a statement to see how much I owe can I get one sent by email, if so how do I organize it. Thank you.
Yvonne
Hi Yvonne. Better late than never aye. Please contact Coles over the phone, or you can manage your account online through their website – you can view your account online, or at the very least you can have a statement sent out via mail. If all else fails, go to an ATM and check your balance. Jacob.
I see that the credit limit is $5000. I really don’t want a limit that high can I change it?
Hi La. This is the minimum credit limit, so you can’t have a limit lower than this. Compare these cards, low interest rate cards have lower minimum credit limits. Jacob.