The Coles No Annual Fee Mastercard was highly commended in the 2024 Finder Awards Best No Annual Fee Rewards Credit Card category. It earns the equivalent of 0.5 Flybuys points per $1 on eligible purchases even with brands that aren’t already Flybuys partners. But with a 20.74% p.a. interest rate for purchases, you'll typically get the most value from this card if you can pay off what you spend by the due date on each statement to get up to 55 interest-free days on purchases.
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Coles No Annual Fee Mastercard – Bonus Points Offer
Terms and conditions apply
- Bonus points
- 10,000
- Purchase rate
- 20.74% p.a.
- Reward points per $ spent
- 0.5
- Annual fee
- $0 p.a.
Our verdict
Offers 10,000 bonus Flybuys points (worth $50 Flybuys dollars), with no annual fee ever.
The Coles No Annual Fee Mastercard is one of the few credit cards offering both rewards and no annual fee. Right now, it offers 10,000 bonus Flybuys points when you apply online by 30 September 2024 and spend $3,000 on eligible purchases in the first 3 months from card approval. That’s enough points to redeem $50 Flybuys dollars for shopping at Coles Supermarkets, Kmart, Target and other partners. Or, you could convert them to 5,000 Velocity Points for frequent flyer rewards. This isn’t the biggest bonus points offer on the market, but it is competitive for a card with an ongoing $0 annual fee, because they rarely offer bonus points.
Pros
-
10,000 bonus Flybuys points
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Ongoing $0 annual fee
-
Earn Flybuys points for your spending
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Compatible with Apple Pay, Samsung Pay and Google Pay
Cons
-
Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent, up to $5,000 in each statement period.
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3% foreign transaction fee
Details
Product details
| Product Name | Coles No Annual Fee Mastercard - Bonus Points Offer |
| Purchase rate p.a. | Purchase rate p.a. 20.74% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 20.74% |
| Min credit limit | $1,000 |
| Card type | Mastercard |
Eligibility
| Joint application | No |
Rewards
| Rewards program | Flybuys |
| Bonus points | 10,000 |
| Rewards points per $ spent | 0.5 |
| Rewards points cap | 10,000 |
Fees
| Annual fee | Annual fee $0 |
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | Foreign currency conversion fee 3% |
| Cash advance fee | 3% or $1.95, whichever is greater |
| Overseas cash advance fee | $5 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
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Amy Finder
Editor
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Sarah Megginson Finder
September 09, 2024
Hi Leonard,
You will need to apply for a new credit card, as once the account is closed it can’t be reopened.
Steve
June 23, 2024
Does this card offer international travel insurance?
Sarah Megginson Finder
June 27, 2024
Hi Steve,
No, this card doesn’t come with complimentary travel insurance.
Daniel
June 04, 2024
Does this card give you flybuy points on any type of transaction from any type of purchase or only places that partner with flybuys
Sarah Megginson Finder
June 11, 2024
Yes that’s right, using this card you’ll earn FlyBuys points on all eligible purchases. The earn rate is 1 point for every $2 spent, and there is no cap.
Hope this helps!
Lee
May 29, 2024
what’s the upper limited of Coles no annual Fee Mastercard can be used monthly? Also, if I purchase items in Cole with the credit card (earn 0.5 point/dollar), whether I still can wipe my Flybuys card to earn points or not? Thanks.
Sarah Megginson Finder
May 30, 2024
Hi Lee,
The upper limit is not publicly available, you’ll need to contact Coles for that information.
As for your Flybuys card, you can swipe that as well and earn points twice: once on your credit card and once on your Flybuys card.
Hope this helps!
Mahmuda
May 05, 2024
Hi there!
What is the late payment fee? Would you please explain in simple words. Thank you.
Sarah Megginson Finder
June 10, 2024
Hi Mahmuda,
This card attracts a fee of $30 each time they do not receive the Minimum Payment Due (and any Overdue Amount) by the Payment Due Date.
It will be debited to your account after the payment due date.
Hope this helps!
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Leonard Kenshole
August 27, 2024
I closed my account How can I reopen it with a new card