Coles No Annual Fee Mastercard

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Save money
Earn points
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Card features
balance transfer
purchase rate
annual fee
Money saved
Earn 1 flybuys point per $2 on eligible spend.
No annual fee to pay, ever.
0% p.a. on balance transfers for 6 months. Reverts to cash advance rate.
Add to comparison
6 months
0% p.a.
then 19.99%
19.99% p.a.
saved over 6 months Plus these benefits
Similar cards

Pros & cons

What's good?

What's not so good?

No annual fee to pay, ever.
0% p.a. on balance transfers for 6 months. Reverts to cash advance rate.
Coles give you up to 55 interest free days on purchases if you pay your monthly statement off in full and on time.
Earn 1 flybuys point per $2 on eligible spend.
Get $10 off your Coles Supermarket shop, instantly at the till, every time you redeem 2,000 flybuys points.
Protected by the Coles Shield.
New customers only.
After the promotional intro period on balance transfers is over, any unpaid balances will be subject to the normal 19.99% p.a. variable interest rate.

Our review

Our review of the Coles No Annual Fee MastercardReviewed by Yvonne Taylor

Are you one of the more than 10 million Australians who is a member of the flybuys rewards program? You certainly should be if you shop at Coles, Kmart, Liquorland, First Choice Liquor, Target and Coles Express, or do business with Budget, AGL, or Medibank. Now you can earn points 50% faster (in most cases) without it costing you a cent, courtesy of the Coles No Annual Fee Mastercard.

Never pay an annual fee again

'No annual fee. Ever’ is what Coles says about this card. But the absence of a fee doesn’t lead to a lack of features. This credit card does everything that the more expensive cards do. It’s:

  • Fast and convenient: Mastercard PayPass lets you Tap & Go for transactions under $100, or just tap and enter your PIN for larger amounts
  • Safe and secure: Protected by the Coles Shield, and a zero liability guarantee provided you follow a few standard precautions, it’s on constant alert for suspicious transactions or fraud
  • Accessible and up-to-date: You can access your account easily online, and download the Coles Mobile Wallet app so you can view and activate flybuys offers with your phone, keeping track of your purchases for your convenience and control.

But this fee-free card also has another feature that is missing in some cards for which you might pay over $100 per year. It can act as a combined credit card and flybuys card, so that you only need to carry one card instead of two.

The 'no annual fee’ promise also extends to supplementary cards on your account, so that you can apply for cards for family members and accumulate flybuys even more quickly.

Standard credit card interest rates

There’s nothing special, however, about the ongoing interest rates of 19.99% p.a. for both purchases and cash advances. But if you plan to pay off your account balance in full and on time every month from this point on, thus completely avoiding both interest costs and late payment fees, you are unlikely to be troubled by this news.

Anyone who feels they are likely to be carrying an unpaid balance on a regular basis would be better off applying for the Coles Low Rate Mastercard.

Earn 1 flybuys point for every $2 spent, on eligible spend

Most credit card rewards programs come at a cost, in the form of the card’s annual fee. While it is often possible to recoup more than the cost of the fee in rewards value each year, wouldn’t it be great to earn points without that upfront liability hanging over your head? Well, now you can do just that.

In most cases flybuys program partners already let you earn one point for your spending no matter how you pay, and it costs nothing to join the program. The Coles No Annual Fee Mastercard earns 1 point per $2 on eligible spend not just at Coles supermarkets. So it makes sense to let your credit card earn extra points to add to those you are already collecting.

Instant $10 off your shopping

For 2,000 flybuys points you can get $10 off your Coles supermarket bill. That’s $2,000 of spending (with the vast majority of program partners) in cash or using another credit card. Pay with your Coles No Annual Fee Mastercard instead, and you only need to spend $1,333 with flybuys partners in order to earn that same $10 discount.

Other ways to redeem flybuys points

Although the instant cash discount at the Coles, Liquorland or Kmart checkout is probably the most popular way to redeem flybuys points, there’s no shortage of other options:

  • Convert them into a $50 or $100 shopping gift card to give to someone else, at the same rate (i.e. 2,000 points per $10), for use at Coles, Target, Kmart, Liquorland, JB Hi-Fi and selected restaurants
  • Redeem them for home and garden, fashion or technology products at the flybuys online store, starting from as low as 4,350 points
  • Exchange them for dining experiences or wine and spirits, starting from around 4,500 points
  • Swap for entry to entertainment attractions, such as the Sydney Tower Eye – one adult entry for 2,400 points
  • Choose from a range of rental cars at Budget, starting at 17,000 points per day
  • Convert them to frequent flyer points with Virgin Australia: 870 points per 2,000 flybuys

For added flexibility, all reward options come with a Points + Pay feature, in case you don’t have quite enough points for your chosen redemption.

Up to 55 days on purchases, better than a zero interest balance transfer

While other cards may plug their 'up to 44 days interest free’ and 'up to 55 days interest free’, Coles should be shouting their 'Up to 55 days on purchases’ from the rooftops.

So, what does it really mean? It means that when your monthly billing cycle for this card ends, there are still at least 31 more days before you have to come up with the cash, providing you have constantly being paying off your balance on or before the due date. If you used this card to buy something on day one of the cycle, you wouldn’t need to pay for it until 55 days later. And if you bought something at the end of the month, on day 30 or 31, you’d still have another interest-free month ahead before you needed to come up with the cash.

That adds up to a lot of extra time to leave your money in the bank, earning interest or reducing your mortgage interest in an offset account. It provides 216 more interest-free days every year than a 44-day card does. That’s the equivalent of getting a zero-interest balance transfer or purchases offer for seven months every year, not just in your first year. It’s worth remembering this when comparing the Coles No Annual Fee Mastercard with cards which may be offering an introductory zero-interest balance transfer.

Free delivery at Coles Online

Here’s another perk for cardholders. Use your card to spend $100 or more (excluding tobacco products) at, and your order will be absolutely free of delivery charges, which Coles say are normally between $4 and $18. However, you will need to live in or near a major population centre to get your order delivered. You can check to see if delivery is available by visiting and entering your postcode.

Why choose the Coles No Annual Fee Mastercard?

Coles have cleverly positioned this card to compete with the other four fee-free cards delivering either loyalty points or other benefits.

Introductory offers expire. Unpaid balance transfers prevent you from qualifying for any interest-free days at all on purchases.

The Coles No Annual Fee Mastercard is ideal for any regular Coles, Kmart or Target shopper who does not intend to run an unpaid purchase balance, and who wants simple rewards, groceries delivered free, and possibly purchase protection insurance, all for zero, zip, zilch, nada.

User reviews

4.0 out of 5.0 based on 77 reviews90% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

flybuys points and no fees

Reviewed and recommended by Nicole on 01 Jul 2016

You simply cannot go wrong with a credit card that doesn’t charge you an annual fee, gives you up to 55 days interest-free days on purchases, and earns flybuys points on all purchases made using your card. Just make sure you pay off the amount owing so you don’t pay interest and it’s the best thing since sliced bread.

Great features and no annual fees, EVER!

Reviewed and recommended by Wayne on 25 Sep 2016

This is a great non-bank credit card. It does everything a bank-issued card does, but with no annual fee.

I automatically collect flybuys points. It includes a 24/7 worldwide concierge service and merchandise protection Insurance at no extra cost. You also get up to 62 days interest free on purchases. You get other Coles-related benefits as well.

It’s available in standard or platinum.

No annual fees, website could be improved

Reviewed and recommended by Ebrahim on 31 Oct 2016

No annual fees for life is a good positive for this card, as no other credit card provides this. Plus you get flybuys points with every purchase, anywhere.

It’s easy to use with PIN or PayPass. But it’s hard to find information on the website. The website can be made better for users. It does not provide the name of the merchant sometimes. But overall it’s very good.

Points and rewards

Reviewed and recommended by madeline on 25 Jul 2016

The fact the this card has no annual fee at all is beyond wonderful. I am glad that I can use a trustworthy credit card that has great rewards points that can be added to my flybuys card, that has access to heaps of rewards as well. Yes, I will definitely recommend this card to others.

Good card for everday shopping

Reviewed and recommended by Tina on 04 Oct 2015

A widely accepted no annual fee card that earns earn extra flybuys points on purchases. Helpful customer support which is easily accessible via their call centre. The website, emails and mobile messages keep me informed about my credit balance, payments and if my account is overdrawn.

Awesome first-time credit card, with flybuys

Reviewed and recommended by Ashwny on 01 Nov 2016

Greatest first credit card ever — no fees, easy registration process. I would definitely highly recommend it to anyone. It’s trustworthy and the best card as it linked to flybuys — Number 1. Coles is very brilliant.

You must get this credit card, especially first-time credit card users. I highly recommend this card.

A great way to earn flybuys

Reviewed and recommended by Mark on 15 Jul 2016

I was excited to receive 10,000 flybuy points when the card was first activated. So for the next 10 times I shopped at Coles, I got $10 discount added to my grocery shop. I also like the way it earns flybuy points for every purchase. The online log in is simple and easy to use. I get up to 62 days interest-free if I pay the balance off every month, so I think it is a good card do use to do the shopping with.

High interest rate

Reviewed and recommended by Sherrie on 14 Jun 2015

Whilst there is no annual fee to have this card, the interest rate is one of the highest of all credit cards available. It was originally a Coles/Myer card, where I shop a lot, which is the reason I got this particular card. However, I believe the interest rate is excessive, making it hard to pay it off, especially being a single parent!

I wish I had this card years ago

Reviewed and recommended by Pomie on 11 Oct 2013

It’s a very handy card to use every day and the fly buys information is on the reverse so no need for two cards to carry around. I was amazed at the number of points I gained by just using my card everywhere. The interest free days are also a great hit.

Plenty of flybuys, no need to carry flybuys card

Reviewed and recommended by Katie on 06 Nov 2016

We got this card for the flybuys points, pure and simple. We don’t use flybuys to get any gifts, but the occasional $10 off our grocery bill is appreciated. The card has your flybuys barcode on the back, thus eliminating the need for yet another card in the wallet.

The web banking user interface is easy to use. The only drawback is that transactions are a bit slow to come in, but I think that’s pretty standard for most credit cards.

Show 67 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater $30 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit19.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Coles No Annual Fee Mastercard at the promotional balance transfer rate from:

  • Coles

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit 19.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.67% 19.99% p.a.
Purchases 1.67% 19.99% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
Reward points expiry
Never as long as you keep your account active
Rewards program
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
0.5 pts per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service


This card comes with benefits worth an estimated $95

ShoppingEstimated value
Free delivery of goods purchased
Valuation based on an average $9.50 delivery fee in metro areas. Assumes 10 deliveries per year.
Purchase protection
If approved for a credit limit of $6,000 or more, it becomes a Platinum card with Purchase Protection insurance worth $40.
Total estimated value$95
Annual fee$0
Net customer value$95
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $25,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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