Given their annual fees, most credit card point schemes are worthless to people on normal incomes who can't siphon huge amounts of spending through their credit card. However, if you are disciplined about paying the balance of your card every month, the Coles No Annual Fee Mastercard will actually give you some benefits. The amount of flybuys you receive works out to 0.5% cashback, which you can then spend on (e.g.) groceries at Coles.
Rewards add up quickly and great customer service.
I like the rewards side of this card, because the amount I can redeem for throughout the year offsets the annual fee. The one thing I do dislike about this card is that they removed the option to pay it off over the counter. Having said that, one end of month I didn't transfer the money in time and got a $30 late fee, which was waived after calling them.
Competitive Annual , rewarding, and easy to track.
It's cheap. Interest rates are not a factor because I settle before interest becomes due. Fly buys gives me $10 every few weeks. Helps stretch the budget and while I'm not that far ahead after annual fee, I am ahead.
Making BPAY payments to the account takes too long, up to 4 days where as most other banks are instant. Furthermore, you do not have the option to reduce your card limit online and have to call customer service with poor English-language.
A reliable, feature-rich card that can be of value
A quick way to ensure you get some points just by doing your shopping and buying your fuel at Coles. It had a 0.0% balance transfer feature when I got it, as well as a long interest free period for purchases, so the features made this really worthwhile for a period of time.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
Credit card comparisons on Mozo - rates updated daily
**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.
Want more? Compare all 212 credit cards in the Mozo comparison engine.
Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.