The new Coles Low Rate Mastercard combines a Mastercard and a Flybuys card into one very convenient piece of plastic. You'll be looking at a low rate of 12.99% p.a. on regular purchases (19.99% p.a. cash advance rate). It also has a rewards scheme where you can earn 1 flybuys point per $2 you spend on the card at Coles Supermarkets. Plus, the card currently comes with a 0% Balance Transfer offer for 6 months (conditions apply) which reverts to a cash advance rate of 19.99% p.a., (apply by 31 October 2022).
It’s not only the competitive 12.99% p.a. purchase rate and low $58 annual fee that makes this credit card attractive, there's also a tonne of points earning potential and convenience on offer.
The Coles Low Rate Mastercard card is linked to the Coles flybuys scheme so you'll earn 1 flybuys points per $2 you spend at Coles Supermarkets. Plus when you scan your flybuys barcode you’ll also earn normal flybuys points (1 point for every $1 spent) helping you to clock up rewards faster. Every time you redeem 2000 flybuys points at the checkout you get $10 off your shop instantly.
Bear in mind that eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges.
Tech savvy cardholders can also use the Coles Mobile Wallet App to view and activate flybuys offers on their phone, plus keep track of spending.
You’ll be able to use your Coles Low Rate Mastercard wherever Mastercard is accepted worldwide but just be aware you’ll be charged a 2.50% overseas transaction fee for all international purchases and cash advances (which includes hitting up the ATM), whether made in person or online. The card is also chip enabled so you can use the Mastercard PayPass functionality and “tap and go” for purchases under $100.
There are up to 55 interest free days as long as you pay your balance off in full each month. This card currently comes with a 0% Balance Transfer offer for 6 months (conditions apply) which reverts to a cash advance rate of 19.99% p.a., (apply by 31 October 2022).
One last thing - keep in mind that terms and conditions apply to all these offers, so make sure you read the fine print carefully!
The Coles Low Rate Mastercard is an ideal credit card for the loyal Coles shopper who is looking for a low rate card and the opportunity to rack up some rewards on their weekly supermarket trip.
You can only get $10 off your shop when you redeem 2,000 flybuys point at the supermarket checkout, it does not apply to Coles Express or Coles Online.
Set up automated repayments on the due date or you could be up for a $30 late payment fee. There is also a $2.25 fee when you pay your account at Australia Post and you’ll be charged $2.00 for every paper credit card statement you receive - so avoid this fee by opting to receive your statements and make payments online.
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12.99% p.a. |
|
|
none |
|
|
0% p.a. for 6 months and then 19.99% p.a. |
|
|
yes |
|
|
19.99% p.a. |
|
|
55 |
|
$58.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
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|
3%, Min $1.95 |
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|
2.50% |
|
|
$2.00 |
|
|
$0.00 |
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|
$0.00 |
|
$30.00 |
|
|
2.0 |
|
|
4 |
|
|
See Coles Credit Cards website for a full list of fees and charges |
Apple Pay, Samsung Pay
Concierge
Collect 1 flybuys point per $2 you spend at Coles Supermarkets.
Customer service line are hit or miss, some staff very helpful, and some condescending
Read full reviewCustomer service line are hit or miss, some staff very helpful, and some condescending
Low rate credit card but very low on customer service and not transparent. For more than two years now, still not able to register online, can’t see any statement or any transaction. They’ll only send me a notice when my account is overdue, the thing is life is so busy I can’t have a track of what’s going on in that account. I even stopped using it for a long time. Called them many times and every time nobody can help me just to register my account online, so I can have access and be able to see what’s going on in my account. Will be closing that card very soon, been thinking about it for a long time but keep forgetting to deal with it. And won’t be using them again anymore. I don’t recommend Coles Credit Card at all, better you guys look for somewhere else where you’re able to see your transaction online and where there’s transparency.
Read full reviewLow rate credit card but very low on customer service and not transparent. For more than two years now, still not able to register online, can’t see any statement or any transaction. They’ll only send me a notice when my account is overdue, the thing is life is so busy I can’t have a track of what’s going on in that account. I even stopped using it for a long time. Called them many times and every time nobody can help me just to register my account online, so I can have access and be able to see what’s going on in my account. Will be closing that card very soon, been thinking about it for a long time but keep forgetting to deal with it. And won’t be using them again anymore. I don’t recommend Coles Credit Card at all, better you guys look for somewhere else where you’re able to see your transaction online and where there’s transparency.
Appalling. Not transparent and complicated. Stay clear!
Read full reviewAppalling. Not transparent and complicated. Stay clear!
Through years I have used many credit cards but I would never ever use it again I wouldn't recommend it to anyone I know as they are not transparent and dishonest.
Read full reviewThrough years I have used many credit cards but I would never ever use it again I wouldn't recommend it to anyone I know as they are not transparent and dishonest.
Not trustworthy. I would not advise thise credit card to anyone.
Read full reviewNot trustworthy. I would not advise thise credit card to anyone.
Westpac
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13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
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0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
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20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
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Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
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20.74% p.a.
No current offer
$195
Membership Rewards
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Cashback Credit Card
20.74% p.a.
No current offer
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Cashback Rewards
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
70,000
0.5 points up to $100,000/year
American Express
Platinum Edge Credit Card
Membership Rewards
$195
30,000
1 point uncapped
St.George
Amplify Rewards Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points up to $100,000/year
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
St.George
Amplify Rewards Platinum
Rewards
$99 $29 in the first year
100,000
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months and then 20.99% p.a.
20.74% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Rewards Signature
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$279
Qantas Frequent Flyer
Westpac
Low Rate
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months and then 20.99% p.a.
$129 $64 in the first year
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
