Coles Low Rate Mastercard

The basics

• Additional cardholders. Add up to 4 additional cardholders at no cost. Share with trusted family and friends, who can spend with the card and help earn more rewards points. Note that the main account owner will be responsible for managing the credit limit and repayments.
• Digital wallets. The Coles Low Rate Mastercard works with Apple Pay, Google Pay, and Samsung Pay.
• Gambling transactions. Gambling transactions will not be approved on the Coles Low Rate Mastercard.

Rewards and benefits

• Complimentary travel insurance. This card does not come with complimentary international travel insurance, which is not unusual for low rate cards such as this.
• Concierge services. This card does not include a concierge service.
• Insurances. As a low-rate card, it doesn’t include complimentary insurance. However, the Coles Shield fraud monitoring service offers 24/7 protection against fraudulent activity.
• Rewards points. Collect 0.5 Flybuys Points for every $1 spent at Coles Supermarket. Balance transfers, BPAY payments, cash advances, cash equivalents such as purchases of foreign currency and travellers cheques, and all government payments do not earn points.
• Sign-up bonus. There is no signup bonus for this card.

Rates and fees

• Annual fee. This card's annual fee is $58 p.a., which is competitive with other similar cards.
• Balance transfers. There is currently no promotional balance transfer offer available for this card.
• Cash advances. The cash advance interest rate of 20.74% p.a. will apply from the date of the transaction. A one-off fee will also be applied per transaction.
• Foreign exchange fee. Foreign currency transactions will attract a foreign transaction fee of 3% of the transaction amount.
• Interest-free period. There are 55 days of interest-free on purchases, but not while you have a balance transfer. The interest-free period on purchases doesn't apply to cash advances. To get interest-free days, you must have paid off the previous statement by the due date.
• Purchases. This card offers a 0% interest rate on all eligible purchases for the first 6 months. After the introductory period, a 13.49% p.a. interest rate will apply.