Coles Low Rate Mastercard
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CardIQ
Fair
Overall score, out of 100 · How this works
- 55 days interest-free58
- Balance transfer59
- Frequent flyer26
- Low rate64
- Rewards29
Customer reviews
Based on 18 reviews
Reviewers kept coming back to rewards and fees.
It was sold to me as a no-fee credit card. But it turns out there are fees. To set up a direct debit you have to send a physical letter – yes, I’m not kidding. It took them nearly three months to process my direct debit request. Once they did, the delay on the direct debit meant…
The interest rate was higher than I would like
The interest rate for this Coles card is bit higher than I would like. Furthermore, I have to pay nearly $150 per month for $6000, which is a high interest charge.Also it is annoying how the message pops up in the phone app, a courtesy message. Also, for the interest payment I…
Exceptional service, no waiting
This is an excellent card which I would strongly recommend, in all areas. Customer service is exceptional, with very little wait time on the phones. Fees are good and the card can be used almost anywhere, and unlike other banks’ cards I have been able to use this without any…
Great rates and ease of use
There’s a great 18 months interest-free deal on purchases, with a low rate after the interest-free period finishes. The card can be linked to flybuys to gain flybuys points for every purchase, and you can use rewards instantly. The Coles MasterCard app gives you access to…
Fee a bit high for a pensioner
Coles MasterCard is not bad. It helps me out when paying bills, etc, but the fee is a bit high for a pensioner like myself. I’m not really sure what the rewards are in this card. I think I get bonus flybuys or something, but i’m too old to understand all that!
Pay no interest, get flybuys - win win situation
It’s a great idea if you only have a low credit limit. The best idea is to get card with a limit around $1000, pay $1000 in advance, then don’t let the balance get to $1000. You also receive flybuys points, which you redeem for flybuys money. Keep the card in credit and pay no…
Great savings!
With this credit card, the annual fee is only $49 and with a low 9.99% p.a, on purchases, this is one of the best savings you can get with a credit card.As a student I was able to pay a large sum for my school fees and supplies and not have to worry about the added interest as…
Great rates, awesome app
This card has been great, giving me personal loan rates on a credit card. There’s a great interest-free period on balance transfers and brilliant flybuys rewards. The app is really easy to use on your phone and you can check your balance anywhere. Love it. I would happily…
Flybuys and excellent customer service
My experience has been great so far. It’s easy to use in conjunction with flybuys and the customer service is excellent. The card application was fast and i received the card within three days of my application. Overall, I would recommend this card, especially because of the low…
Show 14 more reviewsEarning rewards so much faster
I do all my flybuys shopping with this card — grocery shopping, Target, Kmart and the rest. I’m earning rewards soooo much faster and I love it, it’s great :) I would definitely recommend this to anyone who uses the Coles flybuys rewards card and wants a low interest credit card.
Pros & cons
What's good
- 15 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 20.74% p.a.).
- The 13.49% p.a. purchase rate is below the 18.99% p.a. market median.
- No fee to add an additional cardholder.
Worth noting
- Earns 1 Flybuys point per $2 on everyday spend, below the dataset average.
- Points earning is capped at 2,500 points a month.
- 3% foreign transaction fee on overseas spending.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $1,000 – $60,000
- Credit rating
- Good
- Rewards program
- Flybuys
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- Not specified
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 20.74% p.a.
- Purchases
- 13.49% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- $58 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 3%
- Late payment fee
- $30
Repayments
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 2% of the closing balance or $30, whichever is greater
Balance transfers
- Can't transfer from
- Coles, Kogan Money, MyCard, NAB, Qantas Money
- Limit
- Up to your available credit limit
- Period
- 15 months
- Promotional rate
- 0% p.a.
- Revert rate
- 20.74% p.a.
- Transfer fee
- 3%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
Earn rate
- Everyday spend
- 1 Flybuys point per $2 up to $5,000 per statement period
- Bonus categories
- None
- Other purchases
- None
- Overseas spend
- None
- ATO/government
- None
- Reduced rate above monthly cap
- None
- Points cap
- Maximum 2,500 points per month
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- —
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
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Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- Coles
- Program
- Flybuys