Coles No Annual Fee Mastercard | Compare, Review & Apply

Coles No Annual Fee Mastercard

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Save money
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Card features
minimum credit limit
purchase rate
annual fee
Coles No Annual Fee Mastercard
Apply by 31 mar 19
77 reviews
Coles No Annual Fee Mastercard
No annual fee to pay, ever.
Receive $100 off a single Coles Supermarket shop when you apply online by 31 March 2019, are approved and make a purchase in the first 30 days (new customers only).
0% p.a. on balance transfers for 6 months (reverts to Cash Advance rate).
Add to comparison
19.99% p.a.

Pros & cons

What's good?

What's not so good?

No annual fee to pay, ever.
Receive $100 off a single Coles Supermarket shop when you apply online by 31 March 2019, are approved and make a purchase in the first 30 days (new customers only).
0% p.a. on balance transfers for 6 months (reverts to Cash Advance rate).
Up to 55 days on purchases (no interest free days apply for Retails Purchases while you have a Balance Transfer).
Earn 1 flybuys point per $2 on eligible spend.
Earn $10 off your Coles Supermarket shop, instantly at the till, every time you redeem 2,000 flybuys points.
Protected by the Coles Shield.
After the promotional intro period on balance transfer is over, any unpaid balances will be subject to the cash advance rate, currently 19.99 percent p.a..
Late payment attracts a $10 fee every 7 days.

Terms and conditions apply. No interest free days apply for Retail Purchases while you have a Balance Transfer.

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 77 reviews90% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Customer care representative was rude

Reviewed and recommended by Priya on 02 May 2017

I called customer care for a charge query. But the representative was rude, did not listen to my query and hung up on me! I ended up being on hold again for 40 minutes, demanded to speak to supervisor and finally got my query resolved. I was quite angry after this episode

i save a lot on this 'no annual fee' card

Reviewed and recommended by amandeep on 05 Apr 2017

It’s a good credit card for rewards and I get $10 off for every 2000 points. It’s also a no-fee card.

This is my first ever credit card and it is a really good card. I will recommend to my friends and family members to get this card.

$100 dollar offer promised but not fulfilled

Reviewed and not recommended by J on 04 Apr 2017

They promised to give me a $100 voucher with this card to use at Coles. They confirmed and re-confirmed my eligibility, then never provided it. Then, when I rang, they suddenly changed and said it was their mistake – I am not eligible. What a scam.

And the approval process was very slow, with far more documentation required than they suggest. Very scammy.
They have an Indian call centre.

It shouldn’t be allowed, but you don;t get paid for your time to filter through the ACCC or Ombudsman or Fair Trading, so they get away with it.

Watch out for their interpretation of due date

Reviewed and not recommended by Andrew on 31 Jan 2017

Make sure you pay before the due date. Yes, at least three days before, they say! Otherwise interest will be charged. Customer service didn’t want to hear or see proof that payment had been made from my account on the due date. I will be cancelling the card and taking my business, including insurance, elsewhere.

Disappointment could be a great product.

Monster value

Reviewed and recommended by Cedrick on 07 Jan 2017

The first beauty of this card is that there is no annual fee. Another positive is that every time you shop there is a reward. When you receive the card and go make a big shop you’ll get $100 off!

Another big plus is that, as a convenience, you can order at Coles online and if the purchase is over $100 you get a free delivery every time. I’m very happy with this card.

A warning to everyone: if you’re going to have a credit card, you need to budget your cash flow 10 times harder as you need to remember it’s not your money you’re spending. So always pay the full amount owed, not the minimum due, before the payment due date.

Great card, with no catches so far

Reviewed and recommended by Byron on 10 Dec 2016

There’s no annual fee, so no $ up front. It’s a great option compared to 0% balance transfer cards, as you don’t have to foot the $75+ fee for that service. Instead, this card offers the simple solution of no interest on purchases for ages, then reverts to a standard rate at the end. It’s like a GE Finance option at a retail store, without the formidable 30% interest at the end, while you scramble to finish paying off your purchase. So far I haven’t found any catches with this card.

Very poor customer service

Reviewed and not recommended by L on 03 Dec 2016

I only found out my Coles Credit Card had been put on hold when I went to pay for my click and collect Coles order. My card had been declined. No notice, no emails or texts were provided. I spent hours waiting on hold on the phone, trying to talk to a “non-customer service” person. I saw a dubious transaction listed in my online statement which I did not make. I finally was connected to a person and they cut me off. After hours on hold again, I finally spoke to a person. Worst customer service ever.

$100 cashback on signing up

Reviewed and recommended by Paoley on 29 Nov 2016

This a a great card. There’s no annual fee. This card actually helps us to budget our spending. We can buy what we want or need and have plenty of time to pay it off, and never be out of cash.

When we signed up, we got $100 free and used it to buy beverages for our wedding. I would totally recommend getting this card.

Plenty of flybuys, no need to carry flybuys card

Reviewed and recommended by Katie on 06 Nov 2016

We got this card for the flybuys points, pure and simple. We don’t use flybuys to get any gifts, but the occasional $10 off our grocery bill is appreciated. The card has your flybuys barcode on the back, thus eliminating the need for yet another card in the wallet.

The web banking user interface is easy to use. The only drawback is that transactions are a bit slow to come in, but I think that’s pretty standard for most credit cards.

Awesome first-time credit card, with flybuys

Reviewed and recommended by Ashwny on 01 Nov 2016

Greatest first credit card ever — no fees, easy registration process. I would definitely highly recommend it to anyone. It’s trustworthy and the best card as it linked to flybuys — Number 1. Coles is very brilliant.

You must get this credit card, especially first-time credit card users. I highly recommend this card.

Show 67 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
First statement
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 No Annual Fee 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 1.67% 19.99% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
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

First purchase bonus
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
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
0.5 pts per $1 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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