Coles Low Rate Mastercard
0% p.a. for 12 months then 12.99% p.a.
0% p.a. for 15 months and then 19.99% p.a.
$58
n/a
Coles Low Rate Mastercard
0% p.a. for 12 months then 12.99% p.a.
0% p.a. for 15 months and then 19.99% p.a.
$58
n/a
Coles Low Rate Mastercard
0% p.a. for 12 months then 12.99% p.a.
0% p.a. for 15 months and then 19.99% p.a.
$58
n/a
Mozo Review Coles Low Rate Mastercard Review
Last updated: 9 October 2019.
What's hot:
0% p.a. on purchases for 12 months (apply by 31 January 2020)
1 flybuys point per $2 spent at Coles Supermarkets
0% on balance transfers for 12 months (apply 31 January 2020, reverts to 19.99% cash advance rate)
What's not:
$30 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 0% p.a. on purchases for 12 months when you apply by 31 January 2020, and a low purchase rate of just 12.99% p.a. after that (though keep in mind there is a higher 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.
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.
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 15 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 15 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 $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.
Details
Rates and fees information correct as at 14 November 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.
-
0% p.a. for 12 months
-
0% p.a. for 15 months and then 19.99% p.a.
-
yes
-
19.99% p.a.
-
55
Fees
-
$58.00
-
none
-
none
-
none
-
$30.00
-
3%, Min $1.95
-
2.50%
-
$2.00
-
$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
Apple Pay, Samsung Pay, PayTag
Rewards privileges
Concierge
Other benefits
Collect 1 flybuys point per $2 you spend at Coles Supermarkets.
Customer Reviews
How are Coles credit cards rated by the Mozo community?
Latest reviews of Coles Low Rate Mastercard
- Overall8/10
Good card.
This is a good card with lots of flybuys points.
Read full review
This is a good card with lots of flybuys points.
Price9/10Features9/10Customer service9/10Convenience9/10Trust9/10Less
Lindsay | Queensland
reviewed 7 days ago
- Overall10/10
Easy to use.
Have been using for years. it's great for points when you shop at Coles.
Read full review
Have been using for years. it's great for points when you shop at Coles.
Price6/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Laura | South Australia
reviewed 8 days ago
- Overall9/10
Convenient
Love it!
Read full review
Love it!
Price7/10Features7/10Customer service10/10Convenience10/10Trust10/10Less
Marica | Victoria
reviewed over 3 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 4 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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