Coles - Low Rate Mastercard
The Coles Low Rate Mastercard has a variable balance transfer rate of 0% for 15 months, and a balance transfer fee of 3%. After this period, the balance transfer rate reverts to 20.74% p.a. and an annual fee of $58. The purchase interest rate on this card will be 13.49% p.a..
This card earns 1 Flybuys point per $2 spent at Coles Supermarket purchases.
The Coles Low Rate Mastercard has an annual fee of $58 and a purchase interest rate of 13.49% p.a.. Earns 1 Flybuys point per $2 spent on eligible purchases at Coles Supermarkets.
Annual Fee
$58 per year
Balance Transfer
0% for 15 months reverts to 20.74% p.a.
3% BT fee applies.
3% BT fee applies.
Purchase Rate
13.49% p.a.
Rewards Rate One
1 point(s) per AUD$2 On eligible purchases at Coles Supermarkets
Details
Card Type
Mastercard
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$1,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$58
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3% or $1.95
per transaction, whichever is greater
Additional Card Holder Fee
$0
Rates
Purchase Rate
13.49% p.a.
Cash Advance Rate
20.74% p.a.
Balance Transfer
Balance Transfer
0% for 15 months
reverts to 20.74% p.a.
3% BT fee applies.
3% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
3%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Rewards
Program
Flybuys
Types
Flybuys Points
Reward Rates
Rewards Rate One
1 point(s) per AUD$2
On eligible purchases at Coles Supermarkets
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
- are seeking a line of credit facility for everyday spending that has a low interest rate and ability to earn Flybuys Points
- are an existing Flybuys member or are seeking to be a Flybuys member
- have an existing Coles Group account or are seeking to be a Coles Group account holder
- meet eligibility criteria and serviceability requirements for the product
- are likely to carry a balance and look to take advantage of reduced interest rates and/or instalment repayments on an Instalment Plan or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Coles to view Target Market Determination Effective From: 2026-10-01.
