Coles No Annual Fee Mastercard Review (2026)
Coles No Annual Fee Mastercard Review (2026)Rates and details verified 1 October 2026
Rates can change without notice. Last verified: 1 October 2026 (AEST). Please confirm details on the bank’s official page.
Annual fee
$0
no annual fee
Rewards
Flybuys
on eligible spending
Purchase rate
21.99%
p.a. (high — pay in full)
About the Coles No Annual Fee Mastercard
The Coles No Annual Fee Mastercard is issued by Citibank on behalf of Coles Financial Services. It targets Coles and Flybuys customers who want to earn rewards on everyday supermarket spending without paying an annual fee.
The card earns Flybuys points at Coles supermarkets, Coles Express, Kmart, Target, and other Flybuys partner stores. It can be linked to an existing Flybuys account. The 0% balance transfer for 12 months is available to new cardholders, with a 5% BT fee — the highest BT fee of any no-fee card on this page.
The key trade-off: the purchase rate is 21.99% p.a.. This card is best suited to people who pay their balance in full each month and regularly shop at Coles and Flybuys partners.
Key Rates and Features
| Feature | Detail |
|---|---|
| Purchase rate | 21.99% p.a. |
| Annual fee | $0 |
| Balance transfer rate | 0% p.a. for 12 months |
| Balance transfer fee | 5% of transferred amount |
| BT revert rate | 21.99% p.a. (purchase rate) |
| Interest-free days | Up to 55 days |
| Rewards | Flybuys points on eligible spending |
Rates as at 1 October 2026. Check Coles Financial Services website for the latest.
Pros and Cons
Pros
- ✓ $0 annual fee
- ✓ Flybuys rewards — valuable for Coles/Kmart/Target shoppers
- ✓ Mastercard — accepted widely
- ✓ 0% BT for 12 months (for new applicants)
Cons
- ✗ 21.99% purchase rate — high; do not carry a balance
- ✗ 5% BT fee — highest of any no-fee BT card on this page
- ✗ Flybuys value depends on shopping at Coles and partners
- ✗ BT revert rate is 21.99% — clear debt before 12m
How It Compares
→ Compare all no annual fee cards
- American Express Low Rate Credit Card10.99% — $0 fee, no rewards — lowest rate, no fee
- People First Bank Visa Credit Card12.95% — $59 fee, 2.99% intro 6m — low ongoing rate
- Kogan Money Credit Card21.99% — $0 fee, 0% BT 6m, Kogan Rewards — longer BT period, 0% BT fee
- Coles No Annual Fee MastercardReviewed here21.99% — $0 fee, 0% BT 12m, Flybuys — for Coles shoppers
Related guides
FAQs
Is the Coles card good for carrying a balance?
No — 21.99% p.a. is expensive. If you carry a balance regularly, consider the Amex Low Rate (10.99%), People First Bank Visa (12.95%), or Bankwest Breeze Classic (12.99%).
How do I earn Flybuys points with this card?
You earn Flybuys points on eligible purchases at Coles, Coles Express, Kmart, Target, and other Flybuys partner stores. The card links to your existing Flybuys account, or a new one is created on application.
Who issues the Coles No Annual Fee Mastercard?
The Coles No Annual Fee Mastercard is issued by Citibank on behalf of Coles Financial Services. It is a Mastercard and is accepted wherever Mastercard is accepted.
Information verified 1 October 2026. Rates and fees subject to change. Confirm current terms on Coles Financial Services' website before applying. This is not financial advice.