Coles No Annual Fee Mastercard
4.6
Highlights
- Earn 10,000 Flybuys bonus points when you spend $3,000 on eligible purchases within 3 months from card approval. Terms and Conditions apply.
- No annual fee ever.
- Earn 1 Flybuys point per $2 spent on eligible purchases.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Mastercard
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$25,000.00
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$1,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
20.74%
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
20.74%
Rates, fees, charges
Cash advances
Cash Advance Rate
20.74% p.a.
Cash Advance Fee
$1.95
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.74% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
Dishonour Fee
$15.00
Duplicate Statement Fee
$2.00
Foreign Exchange Fee Percentage
2%
Late Payment Fee
$30.00
Rewards
Rewards program basics
Rewards Program
Flybuys
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
None
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
0.50
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
0.50
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
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The basics
- Additional cardholders. Add up to 4 additional cardholders at no extra cost.
- Digital wallets. The Coles No Annual Fee Mastercard works with Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. Gambling transactions will not be approved on the Coles No Annual Fee Mastercard.
Rewards and benefits
- Complimentary travel insurance. This card does not come with an insurance policy covering international travel.
- Concierge services. This card comes with complimentary access to the Coles concierge service, which is available 24 hours a day, seven days a week from anywhere in the world. The concierge service can help arrange travel, make reservations, check prices, book tickets, make local recommendations, etc.
- Insurances. In addition to the Coles Shield fraud monitoring service, this card comes with a complimentary insurance policy covering items purchased using the card against loss, theft, and accidental damage.
- Rewards points. Earn 1 Flybuys point per $2 spent. Flybuys points can be redeemed for travel booked with Flybuys Travel, transferred to Velocity Frequent Flyer, or used to shop via the Flybuys online store. Balance transfers, BPAY payments, cash advances, fees, and charges do not earn rewards points. All government payments, including ATO tax payments, are exempt from earning points.
- Sign-up bonus. The Coles No Annual Fee Mastercard offers 10,000 Flybuys bonus points when you spend $3,000 on eligible purchases within 3 months from approval.
Rates and fees
- Annual fee. This card's annual fee is $0 p.a. ongoing.
- Balance transfers. At present, the Coles No Annual Fee Mastercard does not feature an introductory balance transfer offer. Should you wish to settle another credit card balance, the applicable interest rate stands at 20.74% per annum.
- Cash advances. For transactions classified as a cash advance, you will be charged interest from the day the cash advance is processed at 20.74% p.a. In addition, a one-off fee will apply per domestic cash advance transaction ($1.95 for transactions less than $65 and 3% for transactions higher than that). A $5 fee will be applied to all international cash advances.
- Foreign exchange fee. Any transaction made in a foreign currency is charged a 2.5% fee. A number of alternative cards have no fees on international transactions.
- Interest-free period. You get 55 days interest-free on purchases with this card when you have paid up the previous statement in full. Interest-free days do not apply if you have made a balance transfer.
- Purchases. Currently, this card does not offer an introductory purchase rate. The standard rate of 20.74% p.a. will apply.
Reviewed by Credit Card Compare Staff
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