- Bonus offer: Get 10,000 bonus Flybuys points (worth $50 Flybuys dollars) when you spend $3000 on eligible purchases within 90 days from approval.
- Earning points: Earn 1 point per $2 on eligible purchases
- Extras: add up to 4 free additional cardholders, and sync with Apple Pay, Google Pay and Samsung Pay wallets
- Terms and conditions usually apply, so check our review and the PDS for details
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Coles Credit Cards
Coles No Annual Fee Mastercard
Updated 20 November 2024
For a limited time, earn 10,000 Flybuys bonus points (worth $50 to redeem in-store, or convert to Velocity Points) when you apply for a new card by 03 March 2025 and spend $3,000 or more on eligible retail purchases within 90 days of approval.
This is a basic card with free additional cardholders and purchase protection insurance, but it makes up for it with no annual fee and earning Flybuys points when you shop.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
0.5 points
FlybuysRewards Program
Flybuys
Bonus Points
10,000 pts
Spend $3,000 within 3 months from approval
Pros and cons
- High purchase interest rate of 20.74 % p.a.
Creditcard.com.au review
Editor Review
Coles No Annual Fee Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Who suits the Coles No Annual Fee card?
Globetrotter: you love travelling, and get a buzz from earning points that make your trips free and more fun.
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Deal Digger: you're always on the lookout for freebie perks like insurances, dining discounts and earning points for paying bills.
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Healthy Spender: your cashflow is high but healthy and you want to earn high-volume points. Discounts and money tools are a bonus.
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Coles calls its No Annual Fee credit card ‘uncomplicated value’, and I think that’s a spot-on description. It’s not a card with a zillion features, but it has two big power moves that are things people love: rewards points, and no annual fee (free stuff, basically).
The big bonus is the 10,000 Flybuys points, which you almost never see on a card with no annual fee. I’ll explain the offers and how to use the card for the best value.
Editor's Review: What I love about the Coles No Annual Fee Mastercard
This card earns uncapped Flybuys points, which you can turn into Velocity points or redeem for merchandise from the Flybuys online rewards store or in-person at Coles (that's how I have some very nice stemless glasses). Let’s look at the features first.
No annual fee: Yep, there’s no annual fee, ever. That’s an easy one.
Rewards points: Receive 10,000 Flybuys bonus points when you spend $3000 on eligible purchases within 90 days from approval and if you apply 03 March 2025. Once you’ve hit the criteria, the points will be credited to your Flybuys Membership Account within 4 weeks. The 10,000 Flybuys points is equivalent to $50 Flybuys dollars or 5000 Velocity points.
Rewards points: You’ll earn 1 Flybuys point for every $2 you spend on eligible purchases anywhere, which makes it easier to accrue points if you're a Flybuys fan. It's not the highest earn rate you'll find (it's essentially 0.5 points per $1), but to earn more per dollar on other cards you'll start paying annual fees which lessens the value of your points anyway.
🔎 What items aren't considered eligible? The terms on the card say these purchases won’t count towards the $3000: “Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest, ATM charges, transactions made using Flybuys Points and government related transactions”.
Coles also has Easy Instalment plans, which let you split your purchases into smaller monthly repayments over a timeframe that suits your repayment ability. There are 3 types of Easy Instalment plans:
- Cash Instalment Plans, where you can withdraw cash and deposit it in your bank account
- Transaction Instalment Plans, where you nominate purchases you’ve made and split them into smaller monthly repayments
- Statement Instalment Plans, where retail purchases from your most recent statement are converted into monthly repayments
Other perks
The Coles No Annual Fee Mastercard comes with an interest-free period of 55 days on new purchases. This feature allows you to make everyday purchases without being charged interest during this period, as long as you pay off the full closing balance each month.
This card also comes with complimentary purchase protection insurance that covers items you bought with your card against loss, theft, and accidental damages, as well as extended warranty insurance that provides reimbursement in case your purchased items suffer a covered breakdown.I’ve seen some negative reviews about customer service (as is usually the case with banks, honestly), but when I called to double-check a policy on the card I got through within a couple of minutes and had my question answered immediately by a very friendly representative. My experience isn’t a guarantee, of course, but it was a positive one for the record.
What can you get with Flybuys?
Flights & Travel1000 Flybuys points = 500 Velocity points |
Shopping2000 Flybuys points = $10 off your shop |
Gift cards20,000 Flybuys points = $100 Bunnings gift card |
Flybuys points are flexible to use and can be redeemed for:
Velocity Points, which is Virgin’s rewards program. You can use Velocity points for flights, flight upgrades, hotels, car hire and more.Merchandise from the Flybuys store, which includes over 1000 products such as appliances, technology, gift cards and homeware.
Money off your shopping at participating Flybuys stores like Bunnings, Kmart, Target, Catch, First Choice Liquor Market, Optus and Shell Coles Express.
Points + Pay, where you can make a purchase using some points and pay the remainder with cash.
| 💡Earn more points by double-tapping: tap your Flybuys card at the checkout when you pay with your Coles No Annual Fee Mastercard to earn additional points. The number of points you'll earn from your Flybuys membership card varies at participating stores but is generally 1 point per $1 spent. |
What's not so great...
This card is a fantastic tool for earning rewards on your purchases, but it's important to use it wisely to maximise its benefits. Here's what I mean.
This card has 55 days interest-free on new purchases, which means you can avoid paying interest if you pay the card off in time. As soon as you start paying interest, you lower the value of your hard-earned Flybuys points. Flybuys points are pretty flexible in how you earn and use them, so they're worth working for (especially if you funnel them into Velocity Points that turn into free flights).
There are some standard fees with this card, but nothing extraordinary or eye-popping. For instance, you'll pay 2.5% in international transaction fees, a $30 late payment fee and $1.95 per cash advance under $65 in Australia, or 3% if the transaction is over $65.
Overall Rating
Considering it has no annual fee for life, the Coles No Annual Fee Mastercard actually has a very decent set of extras, including 10,000 Flybuys bonus points offer. It’s a good card to consider if you’re after something that earns rewards points on your regular shopping but doesn’t have the big costs of a premium rewards card..
Its low $1000 credit limit also makes it a good one to look at if you’re a first timer, or to keep as an emergency fund. If you’re keen on the 10,000 Flybuys bonus points offer, just remember it’s for a limited time.User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Cash advance rate 20.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 20.74% p.a.
Balance transfer revert rate 20.74% p.a.
Balance transfer from personal loan Yes
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Coles
Credit limits
Minimum credit limit $1,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 2.5%
Minimum repayment 2% or $30, whichever is greater
Cash advance fee $1.95 (under $65.00) or 3% (equal to or over $65.00); $5 (international)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Flybuys
Bonus points 10,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 within 3 months from approval
Earning points with this card
Flybuys Rewards points 0.5 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Overview
Coles No Annual Fee Mastercard
Why pay an annual fee when you don’t have to? Coles No Annual Fee Mastercard allows you to collect points with your shopping – 1 point for every eligible $2 you spend using your card. Enjoy 10,000 Flybuys bonus points when apply by 03 March 2025 and spend $3,000 or more on eligible retail purchases within 90 days of approval.
Key features
- Receive 10,000 Flybuys bonus points when you apply by 03 March 2025, are approved, and spend $3,000 or more on eligible retail purchases within 90 days of approval.
- No Annual Fee Ever
- Collect 1 point per $2 on eligible spend
- Up to 55 days interest-free on purchases
- Up to 4 additional cardholders at no extra cost
- Mastercard and Flybuys card in one
Minimum criteria to apply for this card
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Be over 18 years old
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Good Credit and have not applied for multiple credit cards recently
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Australian permanent resident
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question353 questions (showing the latest 10 Q&As)
Who is the bank behind the credit card
Hi Steve, Coles credit cards are issued by NAB. Thanks!
ill be going to japan on holiday, i wanted a credit card that doesnt have annual fee or if it does that i can waived in certain reason and i wanted a card that doesnt have international fee or foreign fee
We have a flybuy card and wish to get further benefit from all shopping.
We use the card in all places and gain flying point's is that correct.
sorry for my ignorance
Hi Daniel, no such things as a silly question! Flybuys points can be earned at certain stores, like Coles, Target, Officeworks, Bunnings, First Choice and Kmart (you can see the list here). You can tap your Coles No Annual Fee card to pay and earn points, and tap your Flybuys card at the same time to earn more points on top. Points can be used for gift cards, $10 off Coles groceries or spent online with retailers. Or, you can convert your Flybuys points to Velocity points, which you can use to fly with Virgin airlines and their partner airlines. Here’s how to do that: Step 1: Download the Flybuys app and set up an account or log in to your existing account. Step 2: Download the Velocity app and make a new account (it’s free). Step 3: Go into your Flybuys account on the app and link your Velocity account using your membership number. Then you can set up your Flybuys points to convert to Velocity automatically, if that’s how you want to spend your points. Go into the Flybuys app under “Auto transfer your points” and choose Velocity. Lots of info there, but I hope it helps!
What are eligible and not eligible purchases to earn points
Hi Barney, like any other card issuers, Coles does not publish a list of what transactions are considered eligible, but these usually consist of your day-to-day transactions like paying for your car’s petrol, pet’s vet, meal at your favourite restaurant, grocerie, etc. They however listed that transactions such as balance transfers, cash advances, and the like are not considered eligible.
If I use this card in the US, I get charged a 2.5% fee, but at what exchange rate?
Hi Alan, Coles uses the Mastercard exchange rate, but there’s no information about whether Coles adds anything to the rate (which can be the case for third-party currency converters like credit cards). I hope that helps!
Can you get paper statements and is there a cost for these??
Hi Mark, I looked into this and see that you can still get a paper statement and Coles charges $2 per statement.
Hi There, I would like to ask, would it be possible to close the Coles No Annual Fee Mastercard after 6 month of promotion?
Hi Ali, yes you can close the card anytime. If you closed it during the 6-month promotion it would be forfeited.
Is this card will be ok to use overseas
Hi Alex, yes you can use the Coles No Annual Fee card overseas. Please note that there’s a 2.5% foreign transaction fee for every overseas transaction, so it might not be “ok” in your books. There are ways to avoid those nasty credit card currency conversion fees, if you compare a range of credit cards.
I noticed an over counter transactoiion fee, Does this mean if I go to pay my monthly balance at the post office I would get charged ?
Hi Geoffrey, yep you’re right, there is a $2.25 fee for using Bank@Post to make card repayments. There’s no fee for doing it online or using BPAY though. Thanks!
The application for this card requires you to upload proof of income like pay slips and such. I am a self funded retiree on payments from from my super account so have no pay slips ?.
Hi Colin, you'll be able to use your superannuation statement as proof of money being debited to you. Most banks will ask for at least 3 months' statements. This blog on applying as a retiree might help. There is no specific information available on what Coles requires, but you can see what other banks ask for that might give you an idea. Thanks Colin!
Are the 'no annual fee' credit card points in addition to the flybuys points earned ?
Hi Jean, this card used to have bonus points but it's now switched to a 0% interest on new purchases offer. You'll still earn Flybuys points when you use the card, and you can earn extra points if you tap your Flybuys card as well. Thanks Jean!
Hi Pauline, a few questions on this "Coles No Annual Fee Mastercard" card:
1. At what point do I get charged interest if I dont pay off the balance? is it basically pay off what I owe by end of the month and get charged no interest?
2. Can I setup direct debit payments for bills directly to the credit card and get charged no fee's and earn flybuy points?
3. can flybuy points convert to virgin velocity points?
4. Does this credit card have an iphone app I can manage it with?
5. Do i need to do shopping at coles or can it be other supermarkets and still get flybuy points? I guess if you want to double dip you need to go coles right?
6. Is there a fee if we want another card? i.e. for my wife
sorry for all the questions. looking for a new credit card as im currently with commbank earning qantas points for a fee of $120 a year but dont use qantas anymore!
- Interest can be a tricky thing. You can learn all there is to know with my guide on interest free days. Understanding your statement is crucial. Check your statement for the amount due as this card comes with a 0% p.a. on purchases for 6 months offer.
- Technically this is possible, provided the bills you aren't paying are to Government bodies (e.g. Water, council rates etc)
- They sure can. You can even choose to have this done automatically behind the scenes so you don't have to worry about it. You can also earn status credits in some cases too
- Yes. You can manage your card and flybuys account with the app.
- You are absolutely correct. You'll earn 0.5 points for every dollar you spend, and if you scan your flybuys card you'll get another point.
- There is no additional cardholder fees
Hi Jose, thanks for the questions. I'll answer below that lines up with your numbers.
Hi Pauline,
Hope your well. In relation to the "Spend $3000 on eligible purchases within 90 days from approval" do you know what an "eligible" purchase would be?
Regards,
Phil.
Hi Phil, I understand your question, and it's a common one. Unfortunately, card issuers, including Coles, typically don't provide a specific list of what qualifies as 'eligible' purchases. However, these generally refer to your everyday transactions, such as buying groceries, filling up your car with petrol, visiting the vet, dining at a restaurant, and similar retail transactions. It's important to note that transactions like cash advances, balance transfers, fees, and charges are not considered eligible, as mentioned on Coles' website.
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Brice
13 March 2024No annual fee so I didn’t expect anything but it’s good one. I’ve been using it for 2 years and got 4 times of $10 off offer with Flybuys in Coles. It fits my ordinary life.
Recommends this cardMar11Bee
3 August 2022My only gripe is the complication of unblocking my account when I accidentally keyed in the incorrect app pin and password. Only way to fix this is to phone them. Phone workflow could be better.
Recommends this cardPAUL LOWRY
21 June 2022Have had for some time and very happy. To get the most value, you must pay off in full every month. No annual fee and we regularly get a $10 shopping voucher taken off next Coles shop.
Recommends this cardCreditcard.com.au Visitor
13 March 2017I have used my new credit card many times but keep getting conflicting information about the $100 offer Today I was told that I had to spend over $100 to receive it. Other times I was told to spend any amount activates the $100 offer. Not happy.
Recommends this card