New customers who apply and are approved for a Coles Credit Card between Wednesday 4 January and Thursday 28 February 2017 and make a purchase (excludes cash advances) within the first 30 days of the card approval date will receive $100 off a single Coles Supermarket shop. $100 off will be activated on your flybuys account and available for use within 2 weeks of your first eligible purchase. $100 off will only be activated on the flybuys card quoted in the application process. To redeem the $100 off you must scan your flybuys barcode on the back of your new Coles MasterCard and spend a minimum spend of $100.05 after savings and discounts in one transaction at Coles Supermarkets or BI-LO(excluding smoking/tobacco product purchases and all gift cards). $100 off can only be used once and expires on 31 May 2017. Excludes Coles Express and Coles Online.
MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International. Credit facility provided by Wesfarmers Finance Pty Ltd (ABN 58 601 282 455), Australian Credit Licence number 470916.
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, Target and Coles Express, or do business with Budget, Telstra, AGL, Medibank, OPSM or Weightwatchers. 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:
But this fee-free card also has another feature that is missing in 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, or no card at all if you use the Coles Mobile Wallet to collect your flybuys points.
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
If you’re looking for a card without an annual fee attached, your concern with cost probably extends to avoiding interest charges as well. So if you plan to pay off your account balance in full and on time every month, thus completely avoiding both interest costs and late payment fees, you are unlikely to be troubled by the news that both the purchase and cash advance interest rates are a fairly typical 19.99% p.a..
Earn 1 flybuys point for every $2 spent, everywhere
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 adds an extra0.5 pt per $1 spent, everywhere. So it makes sense to let your credit card earn extra points to add to those you are already collecting.
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 Credit Card instead, and you only need to spend $1,333 with flybuys partners for that same $10 discount.
Other ways to redeem flybuys points
Although the instant cash discount at the Coles, Target or Kmart checkout is probably the most popular way to redeem flybuys points, there’s no shortage of other options:
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.
Generous Up to 62 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 62 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 62 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 for seven months every year, not just 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 shop.coles.com.au, and your order will be absolutely free of delivery charges, which Coles say are normally between $4 and $14. 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 shop.coles.com.au and entering your postcode.
Higher credit limit brings more benefits
If you only intend to use your card as an ancillary card, for flybuys partner shopping only, you may be looking for a low credit limit. Understandably though, Coles want you to use it as your main card. So if you apply for a credit limit of $6,000 or more, and have it approved, you will get a platinum level card with a couple of extra benefits.
Firstly, you’ll be granted access to a worldwide concierge service. Help with restaurant and other entertainment recommendations and bookings, as well as hotel reservations and other time-saving assistance, will be only a phone call or mouse click away, whether you are at home or travelling the world.
Secondly, you’ll get a free insurance policy to cover goods you bought using the card. This will cover your major purchases against loss, theft or damage for 90 days. Unlike most ‘complimentary’ credit card insurance policies, this one is truly free because the card issuer is not recouping the cost through the annual fee.
A card that wins awards
Financial data provider Canstar has awarded a five-star rating to the Coles No Annual Fee MasterCard in several categories in 2013, 2014 and 2015. In 2015 it received five stars in the ‘Outstanding value’ category in three spending groups – occasional spenders, everyday spenders and big spenders – plus a four-star rating for major spenders.
A look at competing ‘no annual fee’ cards
Coles are not the only credit card issuer offering something for nothing. The 28 Degrees MasterCard, the ME frank Credit Card and the Virgin Money No Annual Fee Credit Card all come without an annual fee attached, but none of these cards allows you to earn any kind of loyalty points.
The true competitors are the American Express Essential Credit Card ($0 p.a. , AmEx Membership Rewards, $50 cashback and extensive shoppers’ insurance), the Qantas American Express Discovery Credit Card ($0 p.a., Qantas frequent flyer points, purchase protection insurance) and the American Express Velocity Escape Card ($0 p.a., Virgin Velocity points, purchase protection insurance). All three cards offer a 12-month zero-interest balance transfer, but their 55 monthly interest-free days fall short of the Coles card’s Up to 62 days on purchases.
Why choose the Coles No Annual Fee MasterCard?
Coles have cleverly positioned this card to compete with the three no-fee AmEx loyalty cards. All four cards deliver rewards points and purchase protection insurance at no cost (as long as you choose a minimum $6,000 credit limit in the case of the Coles card). But the Coles card’s additional interest-free week each month makes all the difference.
Balance transfer offers expire, but the Coles card’s permanent extra interest-free days don’t. Unpaid balance transfers prevent you from qualifying for any interest-free days at all on purchases. There’s no balance transfer offer on the Coles card, just up to 62 interest-free days all the time.
The Coles No Annual Fee MasterCard is ideal for any regular Coles/Kmart/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.
You can have up to 8 additional cardholders. It costs $0 p.a. for each additional card you set up.
The first beauty of this card is that there is no annual fee. Another positive is that every time you shop there is a reward. When you receive the card and go make a big shop you’ll get $100 off!
Another big plus is that, as a convenience, you can order at Coles online and if the purchase is over $100 you get a free delivery every time. I’m very happy with this card.
A warning to everyone: if you’re going to have a credit card, you need to budget your cash flow 10 times harder as you need to remember it’s not your money you’re spending. So always pay the full amount owed, not the minimum due, before the payment due date.
There’s no annual fee, so no $ up front. It’s a great option compared to 0% balance transfer cards, as you don’t have to foot the $75+ fee for that service. Instead, this card offers the simple solution of no interest on purchases for ages, then reverts to a standard rate at the end. It’s like a GE Finance option at a retail store, without the formidable 30% interest at the end, while you scramble to finish paying off your purchase. So far I haven’t found any catches with this card.
I only found out my Coles Credit Card had been put on hold when I went to pay for my click and collect Coles order. My card had been declined. No notice, no emails or texts were provided. I spent hours waiting on hold on the phone, trying to talk to a “non-customer service” person. I saw a dubious transaction listed in my online statement which I did not make. I finally was connected to a person and they cut me off. After hours on hold again, I finally spoke to a person. Worst customer service ever.
This a a great card. There’s no annual fee. This card actually helps us to budget our spending. We can buy what we want or need and have plenty of time to pay it off, and never be out of cash.
When we signed up, we got $100 free and used it to buy beverages for our wedding. I would totally recommend getting this card.
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.
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.
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.
Want a credit card with a rewards program?
Want a credit card with no annual fee?
Want a credit card with a no fuss application process?
Want a credit to use just for that emergency situation that you didn’t foresee?
Then look no further — the Coles No Annual Fee MasterCard is the card for you! From the application process until you first use your card, this product is a pleasantly smooth ride.
I’ve owned this card for many years. I only have the one credit card. I didn’t choose it — I was transferred onto it when it replaced another card.
I’ve no major complaints. The service has been good, and I’ve been able to successfully negotiate a refund of the odd late fee, to my satisfaction. The credit limit has been flexible on the odd occasion I have gone over it.
I like that it gives me extra flybuys points when I do my grocery shop, and pay my power bill. The only negative for me is the higher interest rate.
This was my first credit card, with 19% rate, and a month later interest rates crashed and other Coles cards were 9%. But I still get flybuys points — that was my reason for getting the card. And at least it has no annual fee.
Otherwise it’s a fair card, but I think I might choose differently next time.
|Interest rate||Period||Fee||Limit||Revert rate|
|Balance transfers||0% p.a.||6 months||0%||80% of credit limit||19.99% p.a.|
You can't balance transfer to the Coles No Annual Fee MasterCard at the promotional balance transfer rate from:
|Interest rate||Period||Fee||Limit||Revert rate|
|Balance transfers||0% p.a.||6 months||0%||80% of credit limit||19.99% p.a.|
|Cash advances||1.67%||19.99% p.a.|
Free delivery of goods purchased
Valuation based on an average $9.50 delivery fee in metro areas. Assumes 10 deliveries per year.
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|
|Net customer value||$95|