Coles No Annual Fee Mastercard

On website

Apply by 30 June 2024

Coles No Annual Fee Mastercard

Balance transfer

N/A

Purchase rate

6 months at 0% p.a.

Annual fee

$0.00 p.a. ongoing

Highlights

  • Experience 0% p.a. interest on purchases for 6 months. Applicable to Retail Purchases (excluding Cash Advances). Reverts to standard purchase rate thereafter.
  • No annual fee, guaranteed.
  • Earn 1 Flybuys point per $2 spent on qualifying purchases.

Pros and cons

Pros

  • 0% p.a. on purchases for 6 months.
  • No annual fee ever.
  • Complimentary access to your 24/7 local concierge.

Cons

  • Transactions made in a foreign currency incur a fee.

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
N/A

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
19.99%
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
19.99% 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
19.99% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
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
None

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
0.50
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
0.50

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
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
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No

Our review

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The basics

  • Additional cardholders. Add up to 4 additional cardholders at no extra cost.
  • Digital wallets. The Coles No Annual Fee Mastercard works with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Gambling transactions will not be approved on the Coles No Annual Fee Mastercard.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with an insurance policy covering international travel.
  • Concierge services. This card comes with complimentary access to the Coles concierge service, which is available 24 hours a day, seven days a week from anywhere in the world. The concierge service can help arrange travel, make reservations, check prices, book tickets, make local recommendations, etc.
  • Insurances. In addition to the Coles Shield fraud monitoring service, this card comes with a complimentary insurance policy covering items purchased using the card against loss, theft, and accidental damage.
  • Rewards points. Earn 1 Flybuys point per $2 spent. Flybuys points can be redeemed for travel booked with Flybuys Travel, transferred to Velocity Frequent Flyer, or used to shop via the Flybuys online store. Balance transfers, BPAY payments, cash advances, fees, and charges do not earn rewards points. All government payments, including ATO tax payments, are exempt from earning points.
  • Sign-up bonus. Currently, the Coles No Annual Fee Mastercard does not have an active sign-up bonus offer.

Rates and fees

  • Annual fee. This card's annual fee is $0 p.a. ongoing.
  • Balance transfers. At present, the Coles No Annual Fee Mastercard does not feature an introductory balance transfer offer. Should you wish to settle another credit card balance, the applicable interest rate stands at 19.99% per annum.
  • Cash advances. For transactions classified as a cash advance, you will be charged interest from the day the cash advance is processed at the rate of 19.99% p.a. In addition, a one-off fee will apply per domestic cash advance transaction ($1.95 for transactions less than $65 and 3% for transactions higher than that). A 2.5% fee will be applied to all international cash advances.
  • Foreign exchange fee. Any transaction made in a foreign currency is charged a 2.5% fee. A number of alternative cards have no fees on international transactions.
  • Interest-free period. You get 55 days interest-free on purchases with this card when you have paid up the previous statement in full. Interest-free days do not apply if you have made a balance transfer.
  • Purchases. Take advantage of a 0% p.a. rate on purchases for 6 months. This offer is applicable to Retail Purchases (excluding Cash Advances) and will return to the ongoing purchase rate thereafter.

account

Reviewed by Credit Card Compare Staff

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