Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard
Mozo Review Coles No Annual Fee Mastercard Review
Last updated: 7 February 2019.
What's hot:
No annual fee
$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 Coles No Annual Fee Mastercard is one of the few cards in the market which comes with a mobile wallet feature which lets you pay and collect flybuys points with your phone. It also has no annual fee, as the name suggests a comes with a 0% balance transfer rate for 6 months (19.99% afterwards) for any customers looking to transfer some debt.
Key features:
The Coles No Annual Fee Mastercard is linked to the flybuys program so you'll collect 1 point per $2 on eligible spends, plus you'll also earn the usual points at select partners. Points are uncapped and won't expire so you can save them up or choose to use them as soon as you've accumulated enough for a reward. For instance, 2000 points buys you $10 off your shop at Coles.
Plus, you can get $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.
In addition to the mobile wallet option, the card has pay pass functionality so you can tap and go for purchases under $100. The card is also accepted wherever Mastercard is, so you can use your card for the weekly grocery shop or at overseas boutiques. There is a 2.5% overseas transaction fee for all international purchases and cash advances (including a visit to the ATM), whether made in person or online.
If you are interested in transferring debt from one card to another, you'll want to make sure there's not a hefty balance transfer rate. With the Coles No Annual Fee Mastercard, you'll have 6 months to pay off any debt transferred without paying interest.
Just keep in mind, any of that transferred balance still left on your card after those 6 interest free months will then start attracting interest at the 19.99% cash advance rate. Plus, you won't have any interest free days on new purchases while you're taking advantage of the balance transfer offer.
One last thing - terms and conditions apply to all these offers, so just beware the fine print and make sure you know what you're signing on to.
Who it's good for:
The Coles No Annual Fee Mastercard is a great way to access a credit card rewards program with $0 ongoing annual fee.
Any catches?
Set up those regular automatic repayments or you will be hit with a $10 late payment fee.
Rewards program details
Rates and fees information correct as at 19 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.What your points get you
Fly Sydney to London return
274,943 points
Fly Sydney to Melbourne one-way
17,931 points
$100 Giftcard
20,000 points
$100 Cash
-
Points earning
0.5 points per dollar on Mastercard, uncapped
Rewards scheme
Earn 1 flybuys point per $2 on eligible spend
Earn an additional 1 point per dollar spent at Coles and other Flybuys partners when your card is scanned.
Value of rewards points
Spend $40,000 (Mastercard)
Spend $35,862 (Mastercard)
Spend $549,885 (Mastercard)
Uncapped
Never
How do we calculate these points?
How do we calculate the rewards?
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
More details:
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
Rate and fee details
Rates
-
19.99% p.a.
-
none
-
0% p.a. for 6 months and then 19.99% p.a.
-
yes
-
19.99% p.a.
-
55
Fees
-
$0.00
-
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
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 No Annual Fee Mastercard
- Overall10/10
Low fees
Great customer service and low fees.
Read full review
Great customer service and low fees.
Price10/10Features-Customer service-Convenience-Trust-Less
Roxana | Queensland
reviewed about 2 years ago
- Overall8/10
I've had no issues with Coles
They have always been good to deal with and I've never had any problems.
Read full review
They have always been good to deal with and I've never had any problems.
Price5/10Features-Customer service-Convenience-Trust-Less
Michael | Queensland
reviewed about 2 years ago
- Overall10/10
Very good service over the phone. Looked after us
Fantastic car insurance. Whenever I have any query, they are always very quick in response....
Read full review
Fantastic car insurance. Whenever I have any query, they are always very quick in response. Waiting time on the phone is also efficient. When I don't quite understand what they are saying, always very patience in explaining the full details to me. There was one time when I went overseas and paid the wrong sum, they were happy to waive off the late fees and interest. Very good and understandable service.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Alvin | Victoria
reviewed almost 3 years ago
- Overall10/10
Great card
Great card
Read full review
Great card
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Justine | New South Wales
reviewed almost 3 years ago
- Overall10/10
No annual fee ever. Means what it says.
At last I've found a credit card that does all it is advertised to do. No annual fees, low...
Read full review
At last I've found a credit card that does all it is advertised to do. No annual fees, low interest, very happy.
Price10/10Features10/10Customer service10/10Convenience10/10Trust6/10Less
Barbara | New South Wales
reviewed almost 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.
Promoted
Coles
Rewards Mastercard
19.99% p.a.
0% p.a. for 6 months and then 19.99% p.a.
$99
Promoted
Coles
Low Rate Mastercard
12.99% p.a.
0% p.a. for 6 months and then 19.99% p.a.
$58
Promoted
American Express
Explorer Credit Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
20.74% p.a.
$395
Promoted
Woolworths
Everyday Platinum Credit Card
0% p.a. for 14 months and then 21.99% p.a.
19.99% p.a.
$49 $0 in the first year
Promoted
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
Promoted
Qantas Money
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
Promoted
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
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
0% p.a. for 6 months then 12.99% p.a.
$79 $0 in the first year
Promoted
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
Promoted
American Express
Explorer Credit Card
2 points per dollar on Amex, uncapped
20.74% p.a.
$395
Promoted
Woolworths
Everyday Platinum Credit Card
1 point per dollar on Visa, uncapped
19.99% p.a.
$49 $0 in the first year
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
Promoted
Citi
Platinum (Balance Transfer Offer)
1 point per dollar on Visa, up to $10,000 per month
20.99% p.a.
$199 $0 in the first year
Promoted
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
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
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
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
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
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
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
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
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
11.99% p.a.
Promoted
HSBC
Platinum Credit Card
0% p.a. for 22 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
19.99% p.a.
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
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
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.
Promoted
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
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
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
Promoted
Citi
Clear Platinum
12.99% p.a.
0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
Promoted
Bankwest
Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
$0
Promoted
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
Promoted
American Express
Essential Credit Card
14.99% p.a.
0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)
$0
