Are you looking to lower your credit card expenses? The Coles Mastercard comes with no annual fee, ensuring that your purchases are the only ones you spend your money on. 

In addition to this, the card benefits from a rewards program that helps you collect points and then redeem them for cash. The reward rate is not the best on the market, but it can help you earn money while you do your usual shopping. 

The Coles No Annual Fee Mastercard also offers an easy application process. Let’s find out more about it!

Coles No Annual Fee MasterCard - Learn How to Sign Up
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Fees and Interest

This Mastercard comes with no annual fee, but there is an interest rate of 19.99% per year for all your purchases. This applies only if you fail to cover the balance during the 55-day period of free interest. The first year has a rate of 0% for all purchases.  

If you use the card to make cash advance transactions, a rate of 19.99% per year will apply. In addition to this, if you make an international transaction, there is a fee of $5, while domestic transactions incur either a 3% fee or a $1.95 fee, whichever is higher. 

The late payment fee is $30, while paper statements are charged $2 each. Any over-the-counter transaction requires a $2.25 fee. 

How To Apply

Applying for a Coles Mastercard is a process that can be done online. All you need to do is access the Coles website and collect all the documents you need before proceeding. You will receive a response within 1 minute after sending the application. 

The no annual fee credit card requires a minimum yearly income of $25,000, and you need to be at least 18 years old. In addition to this, the offer is available only to American citizens and permanent residents. 

Credit Rating

In terms of credit rating, Coles prefers applicants with at least a good score. The balance transfer offer is available only to a new customer. 

Alternatively, if you plan to transfer an existing balance to the new account. This balance should not be lent by Citigroup, and you can transfer up to 80% of the balance

You will need to provide all of your personal details, including name, date of birth, phone number, email address, and physical address. To verify your identity, you are also required to upload a valid ID. 

Employment Information

Furthermore, Coles requires detailed employment information. For instance, you need to fill in your yearly wages, job position, the duration of your employment, and the employer’s contact information. 

In some cases, you will also need to add supporting documents, such as recent payslips. 

For balance transfers, you need to provide all the relevant details, such as the total amount of debt, household expenses and assets, other loans, credit cards, and more

If you already have a Flybuys membership, you need to add your relevant number so you can start earning points. If you are not a member, you will be added automatically once you apply for the no-fee Mastercard. 

Features and Benefits

Apart from the low maintenance, this card has other perks, too. The rewards program might not offer a very high rate, but eligible spending can earn you cashback

For each eligible $2 spent, you will earn 1 point. 2,000 points can be redeemed for $10 off your usual Coles shopping. 

This Coles card comes with a convenient, easy-to-use mobile phone app. Here, you can manage your account on-the-go, view your points, and much more. In terms of safety, the company uses three layers of protection, so you will not be the victim of theft or credit card fraud. 

Bank Contact Details

You can easily contact Coles at 011 61 2 8288 2890 for any general inquiries or more information about their products and services. 

Coles is headquartered in Hawthorn East, Australia. You can send post to Coles Mastercard, GPO Box 40, Sydney NSW 2001 Australia.

Coles No Annual Fee MasterCard - Learn How to Sign Up
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Summary

All in all, the Coles No Annual Fee Mastercard is an excellent product, and it can be used with any retailer that accepts Mastercard. You may also shop online, collect points, and redeem them for cashback. If you need a low maintenance card, this is an excellent alternative, and it also comes with a 0% APR on all purchases for the first year. 

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.