Coles Low Rate Mastercard | Compare, Review & Apply Online

Coles Low Rate Mastercard

What do you want this card for?
Save money
Earn points
Card features
balance transfer
purchase rate
annual fee
Coles Low Rate Mastercard
Apply by 31 aug 20
23 reviews
Coles Low Rate Mastercard
0% p.a. for 6 months on balance transfers (reverts to Cash Advance rate). No interest-free days apply to retail purchases while you have a balance transfer.
Low fee of $58 p.a.
Competitive rates of 12.99% p.a. on purchases and 19.99% p.a. on cash advances.
Add to comparison
6 months
0% p.a.
then 19.99%
with a 0% fee
12.99% p.a.

Pros & cons

What's good?

What's not so good?

0% p.a. for 6 months on balance transfers (reverts to Cash Advance rate). No interest-free days apply to retail purchases while you have a balance transfera.
Low fee of $58 p.a.
Competitive rates of 12.99% p.a. on purchases and 19.99% p.a. on cash advances.
Collect 1 flybuys point per $2 you spend at Coles Supermarkets on your Coles Low Rate Mastercardb.
Get $10 off your Coles Supermarket shop instantly at the checkout every time you redeem 2,000 flybuys pointsc.
Enjoy interest-free on your purchases up to 55 days.
Now available with Apple Pay and Samsung Pay.
Late payment fee of $30 each time the Minimum Payment due and any Overdue Amount is not received by the Payment Due Date.
An international transaction fee applies to cash advances in a foreign currency or made overseas.

 a Credit criteria, fees and charges, terms and conditions apply. New customers only who apply for a Coles Low Rate Mastercard by 31 August 2020. Your total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate applies to balances transferred with this offer for a period of 6 months. The 6 month promotional period commences when the Balance Transfer is processed. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance will revert to the variable Annual Percentage Rate for Cash Advances, currently 19.99% p.a for a Coles Low Rate Mastercard.

b flybuys points awarded for using a Coles Mastercard linked to your flybuys membership are in addition to flybuys points awarded by flybuys partners.

c 2,000 flybuys points are required to redeem $10 off at the checkout each time. Excludes Coles Express, Coles Local and Coles online. Minimum spend is $10.05 after savings and discounts in one transaction at Coles Supermarkets and BI-LO (excluding smoking/tobacco related product purchases, and all gift cards).

For full Terms and Conditions, please click the green Application button above.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 23 reviews91% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Not impressed with account operation

Reviewed and not recommended by Paul on 30 Oct 2017

It was sold to me as a no-fee credit card. But it turns out there are fees. To set up a direct debit you have to send a physical letter – yes, I’m not kidding. It took them nearly three months to process my direct debit request. Once they did, the delay on the direct debit meant that we had already paid it off for the month but they withdrew money anyway, so the account ended up in credit.

Day-to-day usage is fine, but their online services portal is extremely limited and any correspondence seems to require a physical letter. Bizarre!

We ended up closing the account after we bought a house. We called up and made a payment to close the account off, and were assured that we had closed the account, all was good. Two weeks later, another direct debit of over $1800 was taken from our account. This happened two days after our baby was born so we didn’t notice the extra repayment until two and a half months later, and then only when we went back through our old transactions with Pocketbook (great product btw). Coles Mastercard didn’t notify us that they had taken an extra $1800 and it was sitting in a closed account (not earning anything for us, I might add).

After finally getting past the automated voice and speaking to a human when we called up, we have been told we need to write yet another physical letter (paying for postage) to request a refund. It boils my blood that this can happen in this day and age. As far as I can tell, and from what I was told on the phone, this may happen to anyone who has a direct debit set up with this card, and who wants to close their account. The backward nature of this operation has cost me time, effort and money. I would not recommend it.

I saved money through zero interest promotion

Reviewed and recommended by Harshdeep on 02 May 2017

I would say it’s a good service. Their zero interest promotion program is really good. I would say that it’s better than many.

I recommended this card to my friends and they are happy as well. I just want to say that it has saved me money. Overall, it’s a really good service.

The interest rate was higher than I would like

Reviewed and not recommended by Roshani on 23 Dec 2016

The interest rate for this Coles card is bit higher than I would like. Furthermore, I have to pay nearly $150 per month for $6000, which is a high interest charge.

Also it is annoying how the message pops up in the phone app, a courtesy message. Also, for the interest payment I keep getting phone calls, which is bit intimidating. I took the card as I was in need before, which was useful and I am always grateful to Coles. But there are certain things that bother me.

Exceptional service, no waiting

Reviewed and recommended by Ben on 09 Dec 2016

This is an excellent card which I would strongly recommend, in all areas. Customer service is exceptional, with very little wait time on the phones. Fees are good and the card can be used almost anywhere, and unlike other banks’ cards I have been able to use this without any issues, which seem to be fairly common.

Great rates and ease of use

Reviewed and recommended by Carla on 08 Dec 2016

There’s a great 18 months interest-free deal on purchases, with a low rate after the interest-free period finishes.

The card can be linked to flybuys to gain flybuys points for every purchase, and you can use rewards instantly.

The Coles MasterCard app gives you access to account information on the go. and is easy to use.

Fee a bit high for a pensioner

Reviewed and recommended by Rada on 04 Dec 2016

Coles MasterCard is not bad. It helps me out when paying bills, etc, but the fee is a bit high for a pensioner like myself. I’m not really sure what the rewards are in this card. I think I get bonus flybuys or something, but i’m too old to understand all that!

Pay no interest, get flybuys - win win situation

Reviewed and recommended by Mick on 17 Nov 2016

It’s a great idea if you only have a low credit limit. The best idea is to get card with a limit around $1000, pay $1000 in advance, then don’t let the balance get to $1000.

You also receive flybuys points, which you redeem for flybuys money. Keep the card in credit and pay no interest. Win win.

Great savings!

Reviewed and recommended by Lucinda on 21 Oct 2016

With this credit card, the annual fee is only $49 and with a low 9.99% p.a, on purchases, this is one of the best savings you can get with a credit card.

As a student I was able to pay a large sum for my school fees and supplies and not have to worry about the added interest as the first 3 months were interest-free.

It’s also linked to the flybuys loyalty program and has also offered an app in which you can make purchases from your phone and keep track of your spending. These are all such great added bonuses that you don’t often come across. Thank you Coles for your amazing loyalty.

Great rates, awesome app

Reviewed and recommended by Libby on 10 Oct 2016

This card has been great, giving me personal loan rates on a credit card. There’s a great interest-free period on balance transfers and brilliant flybuys rewards.

The app is really easy to use on your phone and you can check your balance anywhere. Love it. I would happily recommend it to anyone.

Flybuys and excellent customer service

Reviewed and recommended by Gaelle on 23 Sep 2016

My experience has been great so far. It’s easy to use in conjunction with flybuys and the customer service is excellent.

The card application was fast and i received the card within three days of my application. Overall, I would recommend this card, especially because of the low fees attached to it.

Show 13 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $30 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit19.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Coles Low Rate Mastercard at the promotional balance transfer rate from:

  • Coles

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit 19.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.67% 19.99% p.a.
Purchases 1.08% 12.99% p.a.


Annual fee
$58 p.a.
Cash advance fee
whichever is greater, $1.95 or 3%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

Reward points expiry
Never as long as you keep your account active
Rewards program
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
1 pt per $2 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $25,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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