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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 03 March 2025 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
Ongoing $0 annual fee
Earn Flybuys points for your spending
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.
3% foreign transaction fee

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.

Details

Product details

Product Name	Coles No Annual Fee Mastercard
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

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

How to apply

You can apply for the Coles No Annual Fee online and get a response within 60 seconds of submitting it. Before you get started, make sure you meet the eligibility criteria and have all the details you need to complete the application.

Eligibility criteria

New cardholder. The bonus points offer is only available to new customers who apply online.
Residency. You must be an Australian citizen or permanent resident.

Age. You must be at least 18 years old to apply.
Credit rating. You must have a good credit rating.

Required documents

Personal details. This includes your full name, date of birth, contact number, email address, residential address and marital status. You also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. This covers your salary, job title, length of employment and your employer's contact details. You may also need to provide supporting documentation, such as recent payslips or your latest financial year income statement.
Financial details. This includes any government payments or other sources of income, as well as savings and assets. You also need to provide details of existing debts, loans and cards, along with regular household expenses including rent or mortgage payments and bills.
Flybuys details. You need to provide your existing Flybuys membership number to earn points and have your loyalty account details printed on the credit card. If you're not already a member of the Flybuys program, you will be automatically enrolled when you apply for the Coles No Annual Fee Mastercard.

Go to Coles' site More info

Card benefits

10,000 bonus Flybuys points. You'll get 10,000 bonus Flybuys points when you apply online by 03 March 2025 and spend $3,000 on eligible purchases in the first 3 months from card approval. The bonus points will be credited to your account within 4 weeks of meeting the spend criteria.
No annual fee ever. This card has an ongoing $0 annual fee.

Flybuys points. This card offers the equivalent to 0.5 Flybuys points per $1 on eligible purchases, up to $5,000 in each statement period. Points are awarded in whole numbers and rounded down. Eligible purchases cover most everyday transactions including groceries, petrol and dining. Transactions that are not eligible for points include cash advances, balance transfers and account fees.
Flybuys membership details. You can use this card to earn points through your Flybuys account by scanning the membership barcode that's printed on the back of it when you shop with Flybuys partners. You can redeem Flybuys points for a variety of rewards including money off your shop at Coles Supermarkets and retail items. If you earn or redeem points at least once every 12 months, your Flybuys points will not expire.
Mobile payment compatibility. Coles credit cards are compatible with Apple Pay, Samsung Pay, and Google Pay. The Coles Mobile Wallet also lets you manage your account and activate Flybuys offers at any time on the free app for Android or Apple devices.
Card security. The Coles Shield security service offers 24/7 account monitoring and alerts, while the Mastercard Zero Liability covers you against fraudulent transactions.

Rates & fees

Purchase rate. The Coles No Annual Fee Mastercard charges an interest rate of 20.74% p.a. on purchases, which is around the average standard interest rate for credit cards in Australia.
Cash advances. If you use this card to withdraw cash or make other cash advance transactions, an interest rate of 20.74% p.a. will apply. A cash advance fee of 3% of the transaction amount or $1.95 (whichever is greater) will also apply in Australia, and a fee of $5 applies if you make a cash advance overseas.

Up to 55 interest-free days. You can save on interest charges with up to 55 days interest-free on retail purchases when you pay the total outstanding balance (including any balance transfers) by the due date on each statement. Note that interest-free days are not offered for cash advances, balance transfers, special promotions or account fees and charges.
Foreign currency conversion fee. A 3% fee applies for transactions made overseas or online in a foreign currency.
Additional cardholders. If you want to share your account with your partner or a family member to earn Flybuys faster, you can request up to 4 additional cards at no extra cost.

Go to Coles' site More info

Sources

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Govind

November 29, 2024

Hi,

Can you please suggest me a credit card with priority pass for lounge access worldwide. Costing very low annual fee or zero annual fee.

Thanks!

Angus Kidman Finder

December 01, 2024

Hi Govind, Cards which offer any form of lounge access typically have higher fees – I’ve never seen this option with a low or zero-fee card. Our guide to cards with Priority Pass access highlights the options available in Australia. Hope this helps.

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Vera

November 23, 2024

Why do I need to give an accountant’s number when applying for a credit card. I don’t have one.

Sarah Megginson Finder

November 25, 2024

Hi Vera,

When applying for a credit card, you need to provide proof of income. Usually this is in the form of payslips or, if you’re self-employed, a letter from your accountant. You don’t normally need to provide your accountant’s phone number. If you experience further issues with this, it might be worth contacting Coles directly. Best of luck!

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Leonard Kenshole

August 27, 2024

I closed my account How can I reopen it with a new card

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!

Coles No Annual Fee Mastercard

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How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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