Coles Low Rate Mastercard
4.4
Highlights
- 0% on retail purchases for 6 months, after which it returns to the standard purchase rate of 1349% p.a.
- A modest annual fee of $58 p.a.
- Earn 1 Flybuys Point for every $2 spent at Coles Supermarkets.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Mastercard
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$25,000.00
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$1,000.00
Maximum Credit Limit
$100,000.00
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
20.74% p.a.
Cash Advance Fee
$1.95
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
0%
Purchase Rate Introductory Period
6 months
Purchase Rate Ongoing
13.49% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$58.00
Dishonour Fee
$15.00
Duplicate Statement Fee
$2.00
Foreign Exchange Fee Percentage
2%
Late Payment Fee
$30.00
Rewards
Rewards program basics
Rewards Program
Flybuys
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
12 months
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
0.50
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. Add up to 4 additional cardholders at no cost. Share with trusted family and friends, who can spend with the card and help earn more rewards points. Note that the main account owner will be responsible for managing the credit limit and repayments.
- Digital wallets. The Coles Low Rate Mastercard works with Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. Gambling transactions will not be approved on the Coles Low Rate Mastercard.
Rewards and benefits
- Complimentary travel insurance. This card does not come with complimentary international travel insurance, which is not unusual for low rate cards such as this.
- Concierge services. This card does not include a concierge service.
- Insurances. As a low-rate card, it doesn’t include complimentary insurance. However, the Coles Shield fraud monitoring service offers 24/7 protection against fraudulent activity.
- Rewards points. Collect 0.5 Flybuys Points for every $1 spent at Coles Supermarket. Balance transfers, BPAY payments, cash advances, cash equivalents such as purchases of foreign currency and travellers cheques, and all government payments do not earn points.
- Sign-up bonus. There is no signup bonus for this card.
Rates and fees
- Annual fee. This card's annual fee is $58 p.a., which is competitive with other similar cards.
- Balance transfers. There is currently no promotional balance transfer offer available for this card.
- Cash advances. The cash advance interest rate of 20.74% p.a. will apply from the date of the transaction. A one-off fee will also be applied per transaction.
- Foreign exchange fee. Foreign currency transactions will attract a foreign transaction fee of 3% of the transaction amount.
- Interest-free period. There are 55 days of interest-free on purchases, but not while you have a balance transfer. The interest-free period on purchases doesn't apply to cash advances. To get interest-free days, you must have paid off the previous statement by the due date.
- Purchases. This card offers a 0% interest rate on all eligible purchases for the first 6 months. After the introductory period, a 13.49% p.a. interest rate will apply.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
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