Important disclosure
Pros and cons
For Rewards Mastercard
Benefits
- Rewards Available through flybuys
- Extra 75,000 points subject to eligibility conditions
Drawbacks
- Higher than average ongoing variable purchase rate
- Does not offer free supplementary cards
Coles Rate Credit card overview
For Rewards Mastercard
Details
Card Level Standard | Card Type MasterCard |
Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $1k | Maximum credit limit No set max |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Coles Supermarkets Australia Pty Ltd to view Target Market Determination. |
Fees
Annual Fee $99 | Annual Fee Spend Waiver |
Supplementary card annual fee | Late Payment Fee $30 |
Over limit fee $0 | Duplicate statement fee $0 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate 19.99% p.a |
Cash advance rate 19.99% |
Cash advance fee 3% or $1.95 |
Balance Transfer
Balance Transfer Rate 0% p.a |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee 1.5% |
Overseas spending
Foreign Exchange Fee $0 |
Overseas charges $5 |
Estimated ATM Cost $5 for AU $300 withdrawal |
Rewards
Program name flybuys |
Rewards Available Gift Card, Cash Back |
Eligibility
Minimum age 18 |
Minimum income |
Eligibility conditions Permanent Australian resident |
Residency |
Other Restrictions
The International Transaction Fee for Retail Purchases is waived on the Coles Rewards Mastercard, however any Cash Advance in foreign currency, or a Cash Advance made outside of Australia, will continue to incur an International Transaction fee of 2.50% of the transaction value when converted to Australian dollars, plus any other fees applicable to an International Cash Advance from the date of the transaction.