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Coles No Annual Fee MasterCard

Coles No Annual Fee MasterCard offers a pretty unusual combination; the promise of a no annual fee forever, and an opportunity to earn reward points, via the flybuys program, on your everyday spend.

In terms of reward earn rates you will earn 0.5 flybuy points per $1 spent with the Coles No Annual Fee MasterCard, this earn rate increases when shopping with partners, so for example a grocery shop at Coles would deliver 1 point for each $1 of spend and by paying for the shop with your Coles No Annual Fee MasterCard your points earn rate gets boosted to 1.5 points per $1 of spend.

Introductory Offer: $100 off one Coles Supermarket shop if you apply and are approved by 30th June 2017, and make a purchase within the first 30 days

The good news continues as the Coles No Annual Fee MasterCard also comes loaded with your flybuys details so with a single scan you can pay and collect your flybuys points at the checkout.

Although the Coles No Annual Fee MasterCard has a clear focus on delivering the very best value, in tandem with handsome rewards, there are no compromises when it comes to the card features:

  • No annual fee - A promise that the card will never charge an annual fee
  • Your Credit Card and Flybuys cards combined - Coles No Annual fee MasterCard and flybuys card in one so you only have to carry one card.
  • Competitive Interest rate of 19.99% p.a. - This is for both purchases and cash advances.
  • A market leading Up to 62 days interest free - on purchases when you pay the full balance off each month.
  • Get $10 off your Coles Supermarket shop - every time you redeem 2,000 flybuys points at the checkout.
  • Security and fraud protection - Falcon™ fraud management system and Coles zero liability guarantee that protect you from any unauthorized transactions.
  • MasterCard PayPass - for amounts under $100, simply Tap & Go with your Coles MasterCard, or enter a PIN for amounts over $100.
  • Free delivery of your on line order - every time you spend $100 or more and pay with your Coles MasterCard at Coles online.
  • Earn 0.5 flybuys point for every $1 you spend everywhere - points are uncapped and never expire.
  • Additional cardholders - additional credit cards to your friends or family all under the one statement and $0 annual card fee
  • Australia’s largest Retails are Flybuy partners - Many of the biggest including Telstra, Coles stores, Budget Car Rental, Kmart, Liquorland, NAB, Target and Webjet.
  • Coles Mobile Wallet - Turn your mobile into a wallet and flybuys card by adding the Coles Pay Tag to your Mobile

Platinum Coles MasterCard Option - If you are approved and meet the criteria, you could be eligible to receive a Coles Platinum No Annual Fee MasterCard that includes additional features and benefits. To be eligible for the Coles Platinum MasterCard your approved credit limit must be in excess of $6,000.

The Platinum benefits include a 24/6 complimentary concierge service and merchandise protection insurance that will protect the items you buy on the credit card if they are damaged, lost or stolen.

A popular alternative to the Coles No Annual Fee MasterCard is the nab Flybuys Reward Credit Card which features the Flybuys reward program with generous Flybuy earn rates in conjunction with a raft of Platinum Card Benefits, including 7 complimentary insurances, including overseas travel insurance a 24/7 concierge service and upto 44 days interest free on purchases.

 

Earning flybuys with a Coles MasterCard Credit Card

  • 0.50 flybuys points per dollar spent - The Coles MasterCard  rewards you with flybuys points when you make an eligible purchase on the 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. It is important to be aware that points expire if your flybuys account is inactive for 12 months.
  • Points are earned on all purchases - flybuys points are earned on all eligible transactions - no mattter where you are in the world. The Coles MasterCard can be used wherever MasterCard is accepted and for all eligible purchases you will earn flybuy points.
  • Earn more when you shop at Coles - By linking your flybuys membership to your Coles MasterCard when you apply you will earn more flybuys points when you shop at Coles and flybuys partners.
  • Redeem your flybuys points for flybuys dollars - flybuys dollars can be used for money off your next shop at Coles or Liquorland or Target. 2,000 flybuys points will give $10 of your shop at the checkout. You can redeem flybuy points for dollars at the following flybuys partners: Coles, Liquorland, First Choice Liquor, Kmart, Target, and Kmart Tyre & Auto.

 

Multi award winning Coles Credit Cards

Since launching in 2013 the Coles Credit Cards have been recognized multiple times by both Money Magazine and Canstar in their annual awards for Australian Credit Cards

  • Money Magazine - In 2015 & 2014 Coles Credit Cards where named the Best Non-Bank Transaction Credit Card and Best Non-Bank Rewards Credit Card
  • Canstar - In 2013, 2014 & 2015 Coles Credit Cards where awarded 5 stars for Outstanding Value Credit Card and Outstanding Value Rewards Credit Card

 

Applying for a Coles Credit Card

Prior to commencing your on line application for a Coles Credit Card you will need to pull together some information on yourself and your current financial circumstances, here’s a checklist of the information you’ll need to hand when making your application:

  • Personal information -To verify your identity you will need either a drivers license or a passport.
  • Contact Details - You will need to confirm your residential address, email address and a phone number, which can be a mobile number.
  • Income - Details of your current income from employment, investments and other sources will be requested
  • Expenses - Details of your monthly expenses will need to be confirmed to include any mortgage payments, rent, living expenses and any loan repayments.
  • Existing credit cards - If you are seeking to transfer your existing credit card balance to a Coles credit card under a balance transfer promotion, you will need to supply the current credit card number and amount you want to transfer from these accounts.

Rates updated at: 28 June 2017
Card Details
Card Provider Coles Credit Cards
Card Level Standard
Card Type MasterCard
Instant Approval Yes in 60 seconds
Acceptance Criteria
Age To Apply 18
Min. Income $15000
Residency Australia
Temporary Residents Yes, with 457 Visa
Min. Credit Limit $500
Joint Applicants No
Standard Rates
Purchase Rate 19.99% p.a.
Cash Advance Rate 19.99% p.a.
Balance Transfer Rate -
Balance Transfer
Balance Transfer Rate -
Balance Transfer Period -
Balance Transfer Fee -
Benefits
Introductory Offer $100 off one Coles Supermarket shop
Bonus Points -
Offer End Date 30th June 2017
Rewards Program Flybuys
Rewards Points 0.5 flybuy points per $1 of spend, boosted to 1.5 points per $1 spent when used at Coles
Fees and Terms
Interest Free Period Up to 62 days
Min. Monthly Repayment -
Annual Fee $0
Balance Transfer Fee -
Over Limit Fee $5.00
Duplicate Statement Fee $7.00
Interest Charged From Purchase date
Late Payment Fee $20
Min. Repayment % 2.22
Max. Credit Limit -
Cash Advance Fee 3% of the cash advance/cash equivalent transaction or $1.95 - whichever is greater
Additional Card Holder Fee $0, up to 8 allowed.
Travel and Insurance
Foreign Currency Conversion fee 2.5% on all purchases and cash
Overseas ATM withdrawal fee $4.00
Complimentary Travel Insurance No
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Terms and Conditions: Read the Terms and Conditions for Coles No Annual Fee MasterCard

Answer yes to these 4 questions and you are eligible to apply for the Coles No Annual Fee MasterCard

  1. I am over 18 years of age
  2. I have a good credit score
  3. I have a minimum post tax income of $15,000 p.a.
  4. I am a permanent Australian resident or have a 457 Visa

 

How to apply

To apply on line and get a response in 60 Seconds for Coles No Annual Fee MasterCard you’ll need the following information to hand:

  • 2 out of the following: An Australian Drivers License, Passport, Medicare card, Student ID card or Birth certificate.
  • A salary or wage slip and contact details for your employer.
  • An overview of your debts and assets including any loans, store or credit cards.
  • Your Flybuys card.

 

 

What is Coles Mobile Wallet?

The Coles Mobile Wallet is the smart way to pay, that’s quick, secure and simple to use. The new Coles Mobile Wallet consists of a Coles Pay Tag that lets you pay with your phone and the Coles Credit Card App that keeps track of your purchases for your convenience and control.

What is the Coles Pay Tag?

Coles Pay Tag is a mini credit card sticker and flybuys barcode in one, which you stick to the back of your mobile phone. By leveraging the same functionality as PayPass on your Coles MasterCard, the Coles Pay Tag enables you to make quick and easy payments on your mobile phone, everywhere you see the MasterCard PayPass symbol. Whilst also enabling you to collect flybuys points at participating flybuys retail partners by scanning the barcode on your Coles Pay Tag.

How to use Coles Pay Tag with your Coles MasterCard

A: You commence a secure application process as follows:

  1. Clicking Go to site will direct you to the providers web site‚Äč
  2. Complete the online application on the providers web site
  3. Once approved, the Provider will issue your new credit card, this takes around 1-2 weeks.