Coles No Annual Fee Mastercard | Compare, Review & Apply

Coles No Annual Fee Mastercard

What do you want this card for?
Save money
Earn points
Card features
required income
purchase rate
annual fee
Coles No Annual Fee Mastercard
Apply by 31 aug 20
64 reviews
Coles No Annual Fee Mastercard
No annual fee ever.
0% p.a. for 18 months with a 1.5% balance transfer fee (reverts to cash advance rate).
Earn 1 flybuys point per $2 on eligible spend.
Add to comparison
19.99% p.a.

Pros & cons

What's good?

What's not so good?

No annual fee ever.
0% p.a. for 18 months with a 1.5% balance transfer fee (reverts to cash advance rate)a.
Earn 1 flybuys point per $2 on eligible spendb.
Get $10 off your Coles Supermarket shop instantly at the checkout every time you redeem 2,000 flybuys pointsc.
Complimentary access to a 24/7 worldwide concierge.
Protected by the Coles Shield.
Now available with Apple Pay and Samsung Pay.
After the promotional intro period on balance transfer is over, any unpaid balances will be subject to the cash advance rate, currently 19.99% p.a.
Late payment fee of $30 each time the Minimum Payment due and any Overdue Amount is not received by the Payment Due Date.

a Credit criteria, fees and charges, terms and conditions apply. Individuals must be 18+. New customers only who apply for a Coles No Annual Fee 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 18 months and a one-off Balance Transfer Fee of 1.5% of the Balance Transfer amount applies.

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 64 reviews89% 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.

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.

What more could you want?

Reviewed and recommended by Zachary on 21 Oct 2016

Want a credit card with a rewards program?
Want a credit card with no annual fee?
Want a credit card with a no fuss application process?
Want a credit to use just for that emergency situation that you didn’t foresee?

Then look no further — the Coles No Annual Fee MasterCard is the card for you! From the application process until you first use your card, this product is a pleasantly smooth ride.

My only dislike is the interest rate

Reviewed and recommended by Lynda on 30 Sep 2016

I’ve owned this card for many years. I only have the one credit card. I didn’t choose it — I was transferred onto it when it replaced another card.

I’ve no major complaints. The service has been good, and I’ve been able to successfully negotiate a refund of the odd late fee, to my satisfaction. The credit limit has been flexible on the odd occasion I have gone over it.

I like that it gives me extra flybuys points when I do my grocery shop, and pay my power bill. The only negative for me is the higher interest rate.

Not my best decision

Reviewed and not recommended by Mick on 27 Sep 2016

This was my first credit card, with 19% rate, and a month later interest rates crashed and other Coles cards were 9%. But I still get flybuys points — that was my reason for getting the card. And at least it has no annual fee.

Otherwise it’s a fair card, but I think I might choose differently next time.

Fantastic first credit card with rewards

Reviewed and recommended by Skye on 27 Sep 2016

This is my first credit card and I would highly recommend it — no annual fee, low interest rates, and you can earn flybuys points just by using your card. I would recommend this product to anyone wanting to manage their budget and earn shopping points in the process.

The application process was quick and easy and I received the card quickly in the mail.

Show 54 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.18 months1.5%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 No Annual Fee Mastercard at the promotional balance transfer rate from:

  • Coles

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months1.5%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.
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
Overseas 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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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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