Coles No Annual Fee Mastercard

0% p.a. for 15 months then 19.99% p.a.

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

$0

flybuys

Coles No Annual Fee Mastercard

0% p.a. for 15 months then 19.99% p.a.

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

$0

flybuys

Mozo Review   Coles No Annual Fee Mastercard Review

Last updated: 8 November 2018.

What's hot:
  • No annual fee

  • 0% balance transfer rate for 6 months (19.99% afterwards)

  • 0% balance transfer rate for the first 15 months

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. Also, the card is equipped with a 0% purchase rate for the first 15 months (19.99% afterwards).

Key features:

The card 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 never 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. 

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 withdrawals, 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.

Lastly, the card comes with a 0% purchase rate for the first 15 months, which for customers that don't pay off their balance in full each month, will help save them from paying the usual interest attached.

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 December 2018. 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 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.

Close

Rate and fee details

Rates
  • 19.99% p.a.

  • 0% p.a. for 15 months

  • 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?

Overall customer rating
6.6/10
Price
5.9/10
Features
6.5/10
Customer service
6.3/10
Convenience
6.8/10
Trust
6.6/10

Latest reviews of Coles No Annual Fee Mastercard

  • Overall
    10/10
    Low fees

    Great customer service and low fees.

    Great customer service and low fees.

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

    Roxana | Queensland

    reviewed almost 2 years ago

  • Overall
    8/10
    I've had no issues with Coles

    They have always been good to deal with and I've never had any problems.

    They have always been good to deal with and I've never had any problems.

    Price
    5/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Michael | Queensland

    reviewed almost 2 years ago

  • Overall
    10/10
    Very good service over the phone. Looked after us

    Fantastic car insurance. Whenever I have any query, they are always very quick in response....

    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.

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

    Alvin | Victoria

    reviewed over 2 years ago

  • Overall
    10/10
    Great card

    Great card

    Great card

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

    Justine | New South Wales

    reviewed over 2 years ago

  • Overall
    10/10
    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...

    At last I've found a credit card that does all it is advertised to do. No annual fees, low interest, very happy.

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

    Barbara | New South Wales

    reviewed almost 3 years ago

Coles

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.

See Coles credit cards

Promoted

Coles

Coles

Rewards Mastercard

0% p.a. for 15 months then 19.99% p.a.

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

$99

Promoted

Coles

Coles

Low Rate Mastercard

0% p.a. for 15 months then 12.99% p.a.

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

$58

Promoted

Woolworths

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

American Express

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

Australian Military Bank

Australian Military Bank

Low Rate Visa Credit Card

0% p.a. for 12 months and then 11.99% p.a.

11.99% p.a.

$49

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months and then 12.94% p.a.

0% p.a. for 6 months then 12.94% p.a.

$0

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Promoted

ANZ

ANZ

Low Rate

0% p.a. for 15 months and then 21.74% p.a.

12.49% p.a.

$58

Promoted

ANZ

ANZ

Frequent Flyer Black

No current offer

19.99% p.a.

$425

Promoted

28 Degrees

28 Degrees

Platinum Mastercard

4.99% p.a. for 6 months and then 21.99% p.a.

21.99% p.a.

$0

Promoted

American Express

American Express

Explorer Credit Card

2 points per dollar on Amex, uncapped

20.74% p.a.

$395

Promoted

Woolworths

Woolworths

Everyday Platinum Credit Card

1 point per dollar on Visa, uncapped

19.99% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

More Platinum Mastercard

2 points per dollar on Mastercard, up to 400000 points per year

19.99% p.a.

$160

Promoted

ANZ

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 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

American Express

Qantas Ultimate Card

1.25 points per dollar on Amex, uncapped

20.74% p.a.

$450

Promoted

Bankwest

Bankwest

Qantas World Mastercard

0.66 points per dollar on Mastercard, uncapped

20.49% p.a.

$270

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity High Flyer Card

1 point per dollar on Visa, up to $8,000 per month, then
0.5 points per dollar on Visa, uncapped

20.74% p.a.

$289

Promoted

Woolworths

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

Australian Military Bank

Australian Military Bank

Low Rate Visa Credit Card

0% p.a. for 12 months and then 11.99% p.a.

$49

11.99% p.a.

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months and then 12.94% p.a.

$0

0% p.a. for 6 months then 12.94% p.a.

Promoted

28 Degrees

28 Degrees

Platinum Mastercard

4.99% p.a. for 6 months and then 21.99% p.a.

$0

21.99% p.a.

Promoted

ANZ

ANZ

Low Rate

0% p.a. for 15 months and then 21.74% p.a.

$58

12.49% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 18 months and then 20.99% p.a.

$129 $64 in the first year

20.74% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

$129

0% p.a. for 14 months then 20.74% p.a.

Promoted

NAB

NAB

Low Rate Platinum Card

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$100

0% p.a. for 9 months then 13.99% p.a.

Promoted

Australian Military Bank

Australian Military Bank

Low Rate Visa Credit Card

11.99% p.a.

$49

0% p.a. for 12 months and then 11.99% p.a.

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.94% p.a.

$0

0% p.a. for 6 months and then 12.94% p.a.

Promoted

ANZ

ANZ

Low Rate

12.49% p.a.

$58

0% p.a. for 15 months and then 21.74% p.a.

Promoted

Latitude

Latitude

Low Rate Mastercard

11.99% p.a.

$69

No current offer

Promoted

Coles

Coles

Low Rate Mastercard

0% p.a. for 15 months then 12.99% p.a.

$58

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

Promoted

NAB

NAB

Low Rate Platinum Card

0% p.a. for 9 months then 13.99% p.a.

$100

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

$89

No current offer

Promoted

NAB

NAB

Low Rate Card

0% p.a. for 6 months then 13.99% p.a.

$59

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)