Over the last few years, credit cards have emerged as one of the most favored and dependable methods of conducting transactions. If you pay close attention, you will realize that most of your key transactions occur over credit cards.
Rising to the occasion, Coles has come up with a wide range of credit cards that cater to different goals. They provide three different options – rewards, low rate, and those with no annual fees.
Additionally, they can also be used as a Flybuys membership card if you have signed up for the Cole’s Group Flybuys reward program. Identifying these benefits, we have curated a guide to assist you in your online application procedure to get a Coles Mastercard.
Types of Credit Cards
Low Rate Credit Card
If you are searching for a credit card that comes with a low-interest rate, the Coles Low Rate Mastercard is just the one for you. The card offers a 12.99% p.a. interest on purchases coupled with up to 55 interest-free days on purchases if you pay your dues within the billing due date. This Coles Mastercard comes at an annual fee of AUD 58.
No Annual Fees Credit Card
In order to relieve yourself from the lifetime burden of paying annual fees on your credit card, you can apply for the no annual fees credit card. This accentuates the value of your Mastercard as now you can make the most out of your reward points without worrying about whether it balances out your annual fees or not.
Furthermore, the interest rate on purchases for this card stands at 19.99% p.a. along with 55 interest free-days on purchases.
Rewards Credit Card
As the name states, this Mastercard is perfect for you if you are seeking a card that ensures guaranteed rewards. While the other two cards offer 1 Flybuy point for every AUD 2 of eligible purchase, the Coles Rewards Mastercard provides 2 flybuy points per AUD 1 of eligible purchase.
The annual fees for this card are AUD 99 along with the interest on the purchase is 19.99% p.a. Similar to the other variants, the Coles Rewards Mastercard offers 55 interest-free days on purchases.
Features
Balance Transfer Offers
A Coles Mastercard allows you to increase your savings through lucrative balance transfer offers. Both the No Annual Fees Card and the Rewards Card offer 0% p.a. balance transfers for the first 18 months. On the other hand, the low rate credit card provides the same offer for the first 6 months.
Make Money While Shopping at Coles
You can collect up to six times more points on all Coles Supermarket shoping on using your Coles Mastercard. This accounts for an instant redemption of 2,000 Flybuy points for every $10 of your shopping. However, you need to ensure a minimum balance of 2,000 Flybuy points in your account.
Supports Digital Payments
This feature enables you to link your Coles Mastercard to Apple Pay and Samsung Pay on all supported devices. Therefore, you can make secure, contactless payments using your credit card through your smartphone.
How to Apply
Applying for a Coles Mastercard is quite a simple and swift process. Once you have narrowed down your preferred choice of card, click on “Go to site”. Thereafter, you will be guided to the online application page. However, we recommend you go through the primary eligibility criteria before you start your application.
Eligibility Criteria
You must match the following eligibility criteria in order to apply for the Coles Mastercard Credit Cards.
- You must be at least 18 years of age.
- You must meet the minimum income requirements. This usually starts from $25,000 depending upon the card you wish to apply for.
- You must be a permanent resident of Australia.
The Steps of the Application
First, you will have to provide your name along with your contact information. The next two steps will be about your personal and work details. This will be followed by some additional information and the prompt to upload documents, after which you have to confirm your application.
Bank Contact Info
In case of any query, you can contact the bank at 1300 306 397 or (+61) 2 8288 2890 for overseas callers. In addition, their mailing address is located at, Coles Mastercard GPO Box 40, Sydney NSW 2001.
The Bottom Line
No other credit card services cater to such a diverse range of services like Coles Mastercard.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.