Our verdict

Enjoy 0% interest on purchases for the first 6 months and earn Flybuys points when you shop at Coles.

The Coles Low Rate Mastercard offers 0% p.a. interest rate on purchases for the first 6 months (reverting to 13.49% p.a. thereafter) and has a $58 annual fee, making it competitive with other low rate cards on the market.

If you want a credit card for new purchases, the Coles Low Rate Mastercard also offers some rewards, which sets it apart from most low rate cards. While it only earns 1 Flybuys points per $2 on your shopping at Coles, if that's your main supermarket this will help you get rewards faster – without the higher rates and fees typical of rewards cards.

Pros

0% p.a. on purchases for the first 6 months
Equivalent to 0.5 Flybuys points per $1 spent at Coles Supermarkets
Additional cardholder at no extra cost

Cons

Only earns Flybuys points per $1 at Coles Supermarkets
3% international transaction fee

Details

Product details

Product Name	Coles Low Rate Mastercard
Balance transfer rate p.a.	20.74%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.0% for 6 months, then 13.49%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	20.74%
Min credit limit	$1,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Flybuys
Bonus points	N/A
Rewards points per $ spent	0.5
Rewards points cap	Uncapped

Fees

Annual fee	$58
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Cash advance fee	3% of transaction value or $1.95, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Coles Low Rate Mastercard online and will get a response within 60 seconds of submitting the completed application form. Get started by making sure you meet the eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

Age. You must be at least 18 years old to apply.
Residency. You must be an Australian citizen or permanent resident.

Credit rating. You must have a good credit rating.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address, marital status and number of dependents. You also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. This covers your salary, job title, length of employment and your employer’s contact details. You may also need to provide supporting documentation, such as recent payslips, to help verify these details.
Financial details. This includes any other forms of income and assets, such as pensions, government payments or savings. You also need to provide details of existing debts, loans, cards and regular household expenses, including utility bills, petrol and groceries.
Flybuys membership number. You need to provide your Flybuys membership number when you apply so that your membership barcode can be printed on the back of the credit card – and so you can earn points per $1 spent when you use the credit card to shop at Coles. If you’re not already a Flybuys member, you can sign up for free through the website.

Card benefits

Purchase rate offer. This card offers an introductory 20.74% p.a. interest rate on purchases for the first 6 months when you apply by 30 June 2025.
Flybuys points at Coles. This card earns an equivalent of 0.5 Flybuys points for every $1 spent at Coles, in addition to points earned through your Flybuys account. Note that points are awarded in whole numbers and are rounded down.

Flybuys benefits. The Coles Low Rate Mastercard doubles as your Flybuys membership card, so you don't have to carry two separate cards. Instead, you can scan the Flybuys membership barcode that's printed on the back of your credit card to earn points directly through the program. Rewards include $10 off your Coles supermarket shop when you redeem 2,000 points, point transfers to Velocity Frequent Flyer, Flybuys travel bookings and reward items from the Flybuys website.
Coles Mobile Wallet App. This free app lets you manage your account and Flybuys points 24/7. All Coles credit cards are also compatible with Apple Pay, Samsung Pay, and Google Pay.

Rates & fees

Annual fee. The Coles Low Rate Mastercard has an annual fee of $58, which is similar to some other low rate cards.
Purchase rate. Outside of any promotions, this card charges a low purchase rate of 13.49% p.a.

Interest-free days. If you pay your account’s closing balance in full by the due date listed on each statement, you'll get up to 55 days interest-free on purchases. Interest-free days are not offered for cash advance transactions and are not available when you have a balance transfer on your account.
Cash advance rate. This card charges an interest rate of 20.74% p.a. for cash advances and is charged from the day you make the transaction.
Cash advance fee. If you use this card to withdraw cash or make any other cash advance transactions in Australia, you will be charged 3% of the transaction amount or $1.95 (whichever is greater). For overseas withdrawals, a cash advance fee of $5 will apply.
Foreign currency conversion fee. A fee of 3% is charged for transactions you make overseas or online in a foreign currency.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Coles Low Rate Mastercard information PDF
2. Coles Low Rate Mastercard TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Coles Low Rate Mastercard

Pros

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Required documents

Card benefits

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