Coles Low Rate Mastercard Credit Card: Low Interest, Rewards at Coles – Black Cash

Coles Low Rate Mastercard Credit Card: Low Interest, Rewards at Coles




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The Coles Low Rate MastercardĀ® is a credit card designed for everyday purchases, offering a competitive interest rate and rewards program for frequent Coles shoppers. Here’s a breakdown of its features and benefits to help you decide if it’s the right card for you:

Features and Services:

  • Low Interest Rate: Enjoy a competitive variable purchase rate of 12.99% p.a. (subject to change after July 1, 2024). This makes it a good option for carrying a balance or financing larger purchases.
  • Balance Transfer Offer (Until June 30, 2024): Transfer existing credit card balances at 0% interest for 15 months with a 1.5% balance transfer fee. This can help you consolidate debt and save on interest charges.
  • Rewards Program: Earn 1 Flybuys point for every $2 spent at Coles Supermarkets. Redeem your points for discounts on groceries, travel, and more.
  • Up to 55 Days Interest Free on Purchases: Make purchases and enjoy an interest-free period of up to 55 days as long as you pay your balance in full by the due date (excludes balance transfers).
  • $58 Annual Fee: The card has a moderate annual fee which can be offset by maximizing your Flybuys points at Coles.


The Coles Low Rate Mastercard is a good choice for Coles shoppers who want to save on interest and earn rewards. The low interest rate and extended 0% interest balance transfer offer (until June 30, 2024) can be helpful for managing debt. However, the rewards program is limited to Coles purchases, and the annual fee should be factored into your decision.

Safety Measures:

Coles Low Rate Mastercard comes with security features to protect your transactions, including:

  • MasterCardĀ® SecureCodeā„¢ for added verification during online purchases.
  • Zero Liability protection in case of unauthorized transactions.

Mobile and Internet Banking:

Manage your Coles Low Rate Mastercard conveniently with Coles Credit Card Mobile App and Internet Banking. Features include:

  • View your account balance and transaction history.
  • Make secure payments.
  • Access your Flybuys points balance.

Credit Card Application Criteria:

To apply for the Coles Low Rate Mastercard, you must meet Coles’ eligibility criteria, which typically include:

  • Being 18 years or older.
  • Having a good credit history.
  • Being a resident of Australia.

Frequently Asked Questions (FAQs):

  • What is the minimum credit limit for the Coles Low Rate Mastercard?
    • The minimum credit limit is $1,000.
  • What happens to the interest rate after the 0% balance transfer offer ends?
    • The interest rate will revert to the standard variable purchase rate.
  • Can I earn Flybuys points on balance transfers?
    • No, Flybuys points are not awarded on balance transfers.


The Coles Low Rate Mastercard is a solid option for Coles shoppers seeking a low-interest credit card with a rewards program. Consider your spending habits and financial goals before applying to see if it aligns with your needs.