Save Interest and Earn Flybuys with Coles Low Rate Mastercard, 0% Balance Transfers for 15 Months

Why the Coles Low Rate Mastercard makes sense for Aussies

The Coles Low Rate Mastercard is built for Australians who want to save on interest and still earn Flybuys with everyday shopping. With a competitive purchase rate of 13.49% p.a. and an annual fee of $58, this card balances low ongoing costs with practical rewards for Coles shoppers.

For anyone juggling existing debt, the real draw is the 0% balance transfers for 15 months, which can cut interest costs significantly if you plan repayments. Keep in mind the 1.5% balance transfer fee and compare savings against your current card rate before you move a balance.

Rewards, fees and real-world costs

You earn Flybuys points at Coles with the Coles Low Rate Mastercard—0.5 Flybuys points per $1 spent at Coles supermarkets—so regular grocery buyers see tangible value. The card also offers up to 55 interest-free days on purchases if you clear the closing balance in full each month.

Fees to watch include a 3% international transaction fee, cash advance rates at 20.74% p.a., a $30 late payment fee and the balance transfer fee of 1.5%. After the introductory period the balance transfer rate rises to 20.74% p.a., so plan to pay down transferred debt within 15 months.

How to apply and eligibility for Australians

Applying for the Coles Low Rate Mastercard is straightforward for Australian citizens and permanent residents: complete the online application, provide ID and income details, and you’ll often get a quick decision. You can transfer up to 80% of your available credit limit as an eligible balance transfer.

Make sure you check your credit eligibility and calculate the transfer fee vs. interest saved; small balances that you can clear in the 15-month window benefit most. Adding up to four additional cardholders at no extra cost makes this card practical for families who shop at Coles.

Who should choose this card and next steps

The Coles Low Rate Mastercard suits budget-conscious Australians who prioritise low interest on purchases, a modest annual fee and the chance to collect Flybuys at Coles. It’s a solid pick if most of your spend is domestic and you shop regularly at Coles supermarkets.

If you’re considering this card, compare similar low-rate offers to check balance transfer period lengths and fees, then apply online if it fits your plan. Use the 0% balance transfers for 15 months wisely to reduce high-interest debt and enjoy Flybuys rewards on everyday shopping.