The Coles No Annual Fee Mastercard is exactly what you need if you’re after a credit card with no extra costs that still gives you something back for your spending.
With no annual fee and the popular Flybuys points program, it’s all about savings and rewards.
As a welcome gift, new customers get a head start: 10,000 bonus Flybuys points when they spend $3,000 on eligible purchases within the first three months – that’s $50 in Flybuys credits!
While it may look simple, the Coles No Annual Fee card has picked up some big awards, recognised as one of the best in rewards and balance transfers.
On top of that, it offers handy payment options and purchase protection.
Let’s dive into everything it has to offer so you can see if it’s the best choice for your wallet!
What to expect from the Coles No Annual Fee Mastercard
- Flybuys Points Bonus for New Customers
- Earn points easily: 1 Flybuys point for every $2 spent on eligible purchases (capped at $5,000 per billing cycle).
You’ll rack up points quickly, especially if you use the card for everyday buys like groceries, fuel, or even streaming services. - No Annual Fee – Ever! No annual fee means less to worry about and more freedom to enjoy the card’s perks.
- Digital Wallet Compatibility: Pay on the go without needing the physical card – just load it into Apple Pay, Google Pay, or Samsung Pay.
- Free Insurance and Extra Protections: Stay covered with fraud protection and complimentary insurance, keeping you and your finances safe.
- Coles Instalment Plans: Got a big purchase or need cash? The card offers special instalment plans with reduced interest, making it easier to manage expenses without breaking the bank.
What you can do with your Flybuys points
Earning points with the Coles Mastercard is easy – and so is spending them.
Here’s a quick recap: you’ll earn 1 Flybuys point for every $2 on eligible purchases, capped at $5,000 per statement period, okay?
And now for the fun part – here’s how you can use them:
- Redeem credits at Coles, Kmart, Target, or Liquorland.
- Score fuel discounts at Coles Express stations.
- Book trips and experiences via Flybuys Travel.
Plus, your points never expire as long as you make at least one transaction in your Flybuys account every 12 months.
Understanding Coles Instalment Plans
The Coles card offers flexible ways to manage your payments and tailor your credit to your needs. Here’s a breakdown of the instalment options:
Cash Instalments: Need a specific amount, say for home renovations or a course? This option lets you convert part of your available credit into cash to use however you want.
You can access up to 90% of your credit limit.
Statement Instalments: Got a big bill and need to break it down? This option lets you spread out the total from your latest statement into smaller, more manageable payments (minimum conversion of $500).
Transaction Instalments: Made a large purchase that hasn’t hit your statement yet? This lets you break that purchase into instalments before it even shows up on your bill.
Perfect for big buys like appliances or a holiday (valid for purchases over $50).
Coles main fees No Annual Fee Mastercard
- Annual fee: $0
- Standard interest rate: 20.74% p.a. on purchases
- Balance transfer rate: 20.74%
- Cash advance rate: 20.74% p.a. plus a flat fee per withdrawal
- Up to 55 interest-free days on purchases (no interest-free period on cash advances or balance transfers)
- International transaction fee: 3%
Conclusion: Is this the right card for you?
The Coles No Annual Fee card is hassle-free with great bonuses, especially if you’re already part of the Flybuys program.
Even though it’s a simple card, it doesn’t skimp on benefits. As long as you make the most of the no-fee savings and use the rewards wisely, you’ll be happy with this choice!
Just keep in mind that there’s a monthly cap on point earning. If that’s all good with you, then you’ll enjoy everything this credit card has to offer.
Now that you’ve seen how the Coles No Annual Fee card can fit into your financial life, check if you meet the eligibility criteria.
We’ve prepared a guide with all the requirements to help you apply in just a few minutes!