No Annual Fee Mastercard card image

Coles No Annual Fee Mastercard

Advertiser disclosure
Purchase rate
0% p.a. for 6 months then 19.99% p.a.
Balance transfer rate
No current offer
Annual fees
$0
Interest free days on purchases
55

Mozo editorial review Coles No Annual Fee Mastercard - last updated: 22 December 2023

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What's hot
  • No annual fee
  • 1 flybuys point per $2 on eligible spends
  • Earn up to 20,000 bonus Flybuys points (T&Cs apply)
What's not
  • $30 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 keep track of flybuys points and activate offers with your phone. It also has no annual fee, a 19.99% p.a. purchase rate, and you can earn flybuys points on your spending. For the first 6 months, you won't be charged any interest on purchases or cash advances.

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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. You'll also be able to earn an additional 1 point per dollar spent at Coles and other Flybuys partners when your card is scanned. 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, 2,000 points buys you $10 off your shop at Coles.

The card has PayPass 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, apply by 29 February 2024 and you could enjoy 0% p.a. interest on purchases for 6 months. 

Alongside the balance transfer deal, you could receive up to 20,000 Flybuys bonus points when you sign up before 29 February 2024 and spend a minimum $3,000 on your card within 90 days of approval (T&Cs apply). 

One last thing - terms and conditions apply to all these offers, so just be aware of the fine print and make sure you know what you're signing up for.


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Who is it good for

The Coles No Annual Fee Mastercard is a great way to access a credit card rewards program with $0 ongoing annual fee.

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Any catches

Set up those regular automatic repayments or you will be hit with a $30 late payment fee.

Rewards program details

Rates and fees information correct as at 21 February 2024. 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

239,200 points

Fly Sydney to Melbourne one-way

15,600 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.

Special offers

Receive 20,000 Flybuys bonus points when you spend $3,000 or more on eligible purchases with 90 days of approval. Apply by 29 February 2024.

Value of rewards points

Spend $40,000 (Mastercard)

Spend $31,200 (Mastercard)

Spend $478,400 (Mastercard)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

19.99% p.a.

0% p.a. for 6 months

No current offer

yes

19.99% p.a.

55

Fees

$0.00

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

Rewards privileges

Concierge

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