What is the Coles No Annual Fee credit card purchase rate?

The Coles No Annual Fee Mastercard charges 20.74% p.a. on purchases. It has no annual fee and earns Flybuys points on eligible spending.

Does the Coles No Annual Fee card earn Flybuys points?

Yes — the Coles No Annual Fee Mastercard earns Flybuys points on eligible spending, including at Coles supermarkets and Flybuys partner stores. It can be linked to an existing Flybuys account.

Is the Coles No Annual Fee card worth it?

It suits regular Coles and Flybuys shoppers who pay in full each month. The 20.74% purchase rate is high — carrying a balance makes it expensive. For balance carriers, a low-rate alternative like the Heritage Bank Gold Low Rate (11.80%) or Amex Low Rate (10.99%) is a better choice.

Coles No Annual Fee Mastercard Review (2026)

Rates and details verified 23 June 2026

Rates can change without notice. Last verified: 23 June 2026 (AEST). Please confirm details on the bank’s official page.

Annual fee

no annual fee

Rewards

Flybuys

on eligible spending

Purchase rate

20.74%

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 20.74% 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	20.74% p.a.
Annual fee	$0
Balance transfer rate	0% p.a. for 12 months
Balance transfer fee	5% of transferred amount
BT revert rate	20.74% p.a. (purchase rate)
Interest-free days	Up to 55 days
Rewards	Flybuys points on eligible spending

Rates as at 23 June 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

✗ 20.74% 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 20.74% — clear debt before 12m

How It Compares

→ Compare all no annual fee cards

American Express Low Rate Credit Card
10.99% — $0 fee, no rewards — lowest rate, no fee
Heritage Bank Gold Low Rate Credit Card
11.8% — $0 fee, 0% BT 12m (0% BT fee) — best all-round no-fee card
Kogan Money Credit Card
21.99% — $0 fee, 0% BT 6m, Kogan Rewards — longer BT period, 0% BT fee
Coles No Annual Fee MastercardReviewed here
20.74% — $0 fee, 0% BT 12m, Flybuys — for Coles shoppers

→ Compare all balance transfer cards

Related guides

FAQs

Is the Coles card good for carrying a balance?

No — 20.74% p.a. is expensive. If you carry a balance regularly, consider the Amex Low Rate (10.99%), Heritage Bank Gold Low Rate (11.80%), 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.

View Coles No Annual Fee Mastercard →

Information verified 23 June 2026. Rates and fees subject to change. Confirm current terms on Coles Financial Services' website before applying. This is not financial advice.