Coles - Low Rate Mastercard
The Coles Low Rate Mastercard has a variable interest rate of 12.99%p.a. and an annual fee of $58. There is an introductory balance transfer rate of 0% for 15 months. The balance transfer interest rate thereafter is 19.99%p.a..
This card earns 1 Flybuys point per $2 spent at Coles Supermarkets.
Earns 1 Flybuys point per $2 spent on Coles Supermarket purchases.
Annual Fee
$58 per year
Balance Transfer
0% for 15 months reverts to 19.99% p.a.
1.50% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
1.50% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
Purchase Rate
12.99% p.a.
Rewards Rate One
1 point(s) per AUD$2 On coles supermarket purchases
Details
Card Type
Mastercard
Minimum Repayment
2% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$1,000
Fees
Annual Fee
$58
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3% or $1.95
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
12.99% p.a.
Cash Advance Rate
19.99% p.a.
Balance Transfer
Balance Transfer
0% for 15 months
reverts to 19.99% p.a.
1.50% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
1.50% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
1.50%
per transaction
Transfer Interest Free Days
No
Overseas Spending
Foreign Currency Conversion Fee
2.50%
per transaction
Overseas Cash Advance Fee
5%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Joint Application
No
Rewards
Program
Flybuys
Types
Flybuys Points
Reward Rates
Rewards Rate One
1 point(s) per AUD$2
On coles supermarket purchases
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who
- are seeking a line of credit facility for everyday spending that has a low interest rate, ability to earn Flybuys Points and make use of complimentary insurance.
- are an existing Flybuys member or are seeking to be a Flybuys member.
- meet eligibility criteria and serviceability requirements for the Product.
- are likely to carry a balance and look to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Coles to view Target Market Determination Effective From: 2023-10-03.
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