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.

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.

But if you're looking to clear debt, the Coles Low Rate Mastercard is currently offering a 0% balance transfer offer for 12 months! All you need to do is apply by 31 January 2020! 

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!

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 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?

Overall customer rating
6.7/10
Price
5.9/10
Features
6.5/10
Customer service
6.4/10
Convenience
6.8/10
Trust
6.7/10

Latest reviews of Coles Low Rate Mastercard

  • Overall
    8/10
    Good card.

    This is a good card with lots of flybuys points.

    This is a good card with lots of flybuys points.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Lindsay | Queensland

    reviewed 7 days ago

  • Overall
    10/10
    Easy to use.

    Have been using for years. it's great for points when you shop at Coles.

    Have been using for years. it's great for points when you shop at Coles.

    Price
    6/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Laura | South Australia

    reviewed 8 days ago

  • Overall
    9/10
    Convenient

    Love it!

    Love it!

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Marica | Victoria

    reviewed over 3 years ago

  • Overall
    6/10
    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.

    I took advantage of an interest free period, but would not recommend the Coles m/card.

    Price
    5/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    6/10

    Elizabeth | New South Wales

    reviewed over 4 years ago

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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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