Low Rate Mastercard card image

Coles Low Rate Mastercard

Advertiser disclosure
Purchase rate
12.99% p.a.
Balance transfer rate
0% p.a. for 6 months and then 19.99% p.a.
Annual fees
Interest free days on purchases

Mozo editorial review Coles Low Rate Mastercard - last updated: 3 August 2022

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What's hot
  • 1 flybuys point per $2 spent at Coles Supermarkets
  • 0% on Balance Transfers for 6 months (conditions apply)
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. 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).

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Key features

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!

Who is it 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.

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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.


Rates and fees information correct as at 12 August 2022 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.

12.99% p.a.


0% p.a. for 6 months and then 19.99% p.a.


19.99% p.a.








3%, Min $1.95









See Coles Credit Cards website for a full list of fees and charges

Payment options

Apple Pay, Samsung Pay

Rewards privileges


Other benefits

Collect 1 flybuys point per $2 you spend at Coles Supermarkets.

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