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Coles Low Rate MasterCard

Coles Low Rate MasterCard (page 3 of 3)

1.6 from 542 reviews · View Statistics


  • Low $58 Annual Fee

  • Low 12.99% p.a. Interest Rate on purchases


  • flybuy Points can only be earned at Coles Supermarkets at a rate of 0.5 flybuy points per $1

  • 2.5% International Transaction Fee


With a low annual fee of $58 and an interest rate of only 12.99%, this Coles credit card is a popular everyday card for people looking to earn flybuys points on a Coles shop, which can also be transferred to Velocity Frequent Flyer points.

What makes this a rewards card?

  • If you're a member of the Coles flybuys loyalty program, you will earn 1 point for every $2 you spend at Coles Supermarkets (make sure your Coles Mastercard is linked to your flybuys membership).
  • Have a Velocity Frequent Flyer account? Transfer flybuys points in multiples of 2,000 flybuys points for 870 Velocity points, up to a maximum of 138,000 flybuys points (60,030 Velocity Frequent Flyer points) each calendar year.

Any current offers or perks?

  • Enjoy 0% p.a. on balance transfers for 6 months (reverts to cash advance rate) plus no balance transfer fee when you apply for a Coles Low Rate Mastercard by 31 Janurary 2021.
  • Collect flybuys points when doing your everyday grocery run and get $10 off your Coles supermarket shop instantly at the checkout when you redeem 2,000 flybuys points.

What to watch out for?

  • If you frequently buy online from overseas retailers or are looking to go travelling, be wary of the 2.5% international transaction fee.
  • Each time you make a payment to your account at Australia Post outlets by cash, cheque or EFTPOS, you'll have to pay a $2.25 over-the-counter transaction fee.
  • Earning points for your flybuys account is only possible when you shop at Coles supermarkets

What are my other options if I want a Coles Mastercard, but this one isn't for me?

CategoryLow Rate Credit Cards, Balance Transfer Credit Cards and Rewards Credit Cards
Card TypeMastercard
Minimum Credit Limit A$2,000
Maximum Credit Limit A$60,000
Minimum Income A$25,000
Additional Cardholders 4
Additional Cardholder Fee A$10 p.a.
Minimum Repayments2%
Rewards Programflybuys
Points Earn Rate 0.5 points per $1
Points Conditions
  • Earn 1 point per $2 spent at Coles Supermarkets
Contactless PaymentsApple Pay and Samsung Pay
Rates & Fees
Purchase Rate12.99% p.a.
Cash Advance Fee3%
Late Payment FeeA$30
Annual FeeA$58 p.a.
Foreign Transaction Fee 2.5%
Overseas ATM Withdrawal FeeA$5
Interest Free Period 55 days
Cash Advance Rate19.99% p.a.
Balance Transfer Rates
Balance Transfer Period 6 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 0%
Release dateFeb 2012

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  • Transparency
    3.7 (36)
  • Customer Service
    3.1 (39)
  • Rates and Fees
    3.7 (39)
  • Rewards
    3.7 (30)
  • Online Experience
    3.4 (36)
  • Application Process
    3.8 (40)


  • 2 reviews
  • 1 like

Extremely Poor Customer Service


Don't bother calling for help, the call centre state you don't have an account or call you the wrong name n gender. All I want to do is fix my issue. Till then I won't be paying the bill.

Page 3 of 3
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Questions & Answers



How do I make payments on my card balance without setting up a direct debit for the due date?

No answers
June S.

June S.asked

How to cancel this card please

No answers
ian t.

ian t.asked

how do i cancel my direct debit authorities

1 answer

My account has either been locked and or closed. How do I get my statements and eNotices off them now? I need proof of closure and final statement to finalize a mortgage loan. So frustrated. I really don't want the hell of calling these people, it always is the worst experience.

Get an answer from our members and Coles representatives

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