Coles Low Rate Mastercard
Coles Low Rate Mastercard
Mozo Review Coles Low Rate Mastercard Review
Last updated: 7 February 2019.
What's hot:
Low 12.99% purchase rate
$100 off a single Coles Supermarket shop when you apply online by 31 March 2019 and make a purchase in the first 30 days
0% balance transfer rate for 6 months (reverts to 19.99% cash advance rate)
What's not:
$10 late payment fee
Mozo snapshot:
The new Coles Low Rate Mastercard combines a Mastercard and a flybuys card into one very convenient piece of plastic with a low purchase rate of just 12.99%. It also has a rewards scheme where you can earn 1 flybuys point per $2 you spend on the card at Coles Supermarkets, so this is the card you’ll want to take on your weekly grocery shop!
Key features:
It’s not only the competitive 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.
Plus, you can score $100 off a single Coles Supermarket shop when you apply online by 31 March 2019 and make a purchase in the first 30 days after being approved.
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.
The Coles Low Rate Mastercard also comes with up to 55 interest free days as long as you pay your balance off in full each month. Just remember that if you're taking advantage of the 0% balance transfer rate for 6 months, no interest free days apply to new purchases. Another thing to keep in mind about this offer, is that if you've got some of that transferred balance left over at the end of the 6 months, it will start attracting interest at the higher 19.99% cash advance rate, so make sure you have a payment plan in place!
Who it's good for:
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.
Any catches?
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 $10 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.
Details
Rates and fees information correct as at 23 February 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
12.99% p.a.
-
none
-
0% p.a. for 6 months and then 19.99% p.a.
-
yes
-
19.99% p.a.
-
55
Fees
-
$58.00
-
none
-
none
-
none
-
$10.00
-
3%, Min $1.95
-
2.50%
-
$0.00
-
$0.00
-
$0.00
Features
-
$30.00
-
2.0
-
4
-
See Coles Credit Cards website for a full list of fees and charges
Payment options
PayTag
Rewards privileges
Concierge,
Purchase Protection
Other benefits
Collect 1 flybuys point per $2 you spend at Coles Supermarkets. Free Coles delivery when you spend over $100 on groceries.
Customer Reviews
How are Coles credit cards rated by the Mozo community?
Latest reviews of Coles Low Rate Mastercard
- Overall9/10
Convenient
Love it!
Read full review
Love it!
Price7/10Features7/10Customer service10/10Convenience10/10Trust10/10Less
Marica | Victoria
reviewed over 2 years ago
- Overall6/10
Not a credit card I would recommend. Too expensive
I took advantage of an interest free period, but would not recommend the Coles m/card.
Read full review
I took advantage of an interest free period, but would not recommend the Coles m/card.
Price5/10Features5/10Customer service7/10Convenience7/10Trust6/10Less
Elizabeth | New South Wales
reviewed over 3 years ago
About Coles
The Coles Mastercards are part of the Coles Group, owners of the well-known Australian Coles supermarkets. These cards offer a wide range of savings and rewards on everyday purchases.
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Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
19.99% p.a.
$299 $149 in the first year
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CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
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Citi
Platinum (Balance Transfer Offer)
0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)
20.99% p.a.
$199 $0 in the first year
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HSBC
Platinum Credit Card
0% p.a. for 22 months and then 21.99% p.a.
19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
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American Express
Qantas Ultimate Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
20.74% p.a.
$450
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Woolworths
Everyday Platinum Credit Card
1 point per dollar on Visa, uncapped
19.99% p.a.
$49 $0 in the first year
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American Express
Explorer Credit Card
2 points per dollar on Amex, uncapped
20.74% p.a.
$395
Promoted
Qantas Money
Qantas Premier Platinum
1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped
19.99% p.a.
$299 $149 in the first year
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CUA
Platinum Credit Card
1 point per dollar on Mastercard, up to 100000 points per year
19.99% p.a.
$149 $0 in the first year
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American Express
Qantas Ultimate Card
1.25 points per dollar on Amex, uncapped
20.74% p.a.
$450
Promoted
HSBC
Platinum Credit Card
1 point per dollar on Visa, uncapped
19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped
20.74% p.a.
$129 $64 in the first year
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ANZ
Frequent Flyer Black
1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped
19.99% p.a.
$425
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
$299 $149 in the first year
19.99% p.a.
Promoted
American Express
Explorer Credit Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
$395
20.74% p.a.
Promoted
Woolworths
Everyday Platinum Credit Card
0% p.a. for 14 months and then 21.99% p.a.
$49 $0 in the first year
19.99% p.a.
Promoted
CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
11.99% p.a.
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Bankwest
Breeze Mastercard
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$79 $0 in the first year
0% p.a. for 6 months then 12.99% p.a.
Promoted
CUA
Platinum Credit Card
0% p.a. for 13 months and then 21.74% p.a.
$149 $0 in the first year
19.99% p.a.
Promoted
American Express
Essential Credit Card
0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)
$0
14.99% p.a.
Promoted
Citi
Platinum (Balance Transfer Offer)
0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)
$199 $0 in the first year
20.99% p.a.
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
$49 $0 in the first year
0% p.a. for 13 months and then 21.74% p.a.
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 6 months then 12.99% p.a.
$79 $0 in the first year
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
Promoted
American Express
Essential Credit Card
14.99% p.a.
$0
0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)
Promoted
Citi
Clear Platinum
12.99% p.a.
$99 $0 in the first year
0% p.a. for 14 months and then 21.74% p.a.
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Bankwest
Breeze Platinum Mastercard
0% p.a. for 6 months then 12.99% p.a.
$99 $0 in the first year
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
Promoted
Coles
Low Rate Mastercard
12.99% p.a.
$58
0% p.a. for 6 months and then 19.99% p.a.
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
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Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 14 months then 20.74% p.a.
0% p.a. for 6 months and then 20.99% p.a.
$129
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Bankwest
Breeze Mastercard
0% p.a. for 6 months then 12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$79 $0 in the first year
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 6 months then 12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$99 $0 in the first year
Promoted
NAB
Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Promoted
Bendigo Bank
Low Rate First Mastercard
11.99% p.a.
No current offer
$29
