Coles is offering 30,000 Flybuys bonus points and 0% p.a. on Balance Transfers for 12 months (reverts to Cash Advance rate) for new cardholders of the No Annual Fee Mastercard until 31 October 2023.

The Coles No Annual Fee Mastercard is a simple proposition – pay no annual fee, and earn a small number of Flybuys points from your day-to-day spend in return.

A minimum spend of $3,000 on eligible purchases within 90 days from approval is required to receive the bonus.

Digging into the details

This is a no-frills card designed for those who don’t spend heaps on their card each month and don’t want any extra benefits.

Card Details

CardColes No Annual Fee Mastercard
Loyalty programFlybuys
Points earned from spend1 Flybuys point per $2 on eligible spend
International transaction fee2.5% on all Retail Purchases and Cash Advances
Mobile walletApple Pay, Samsung Pay and Google Pay
Annual fee$0

Effective Frequent Flyer Program Point Earn Rates

Partner Frequent Flyer ProgramEquivalent partner points earned
Velocity Points0.25 point / $ on all eligible spend

Earn Flybuys points with the Coles No Annual Fee Mastercard

You will collect 1 Flybuys point for every 2 dollars you spend on the card. 2,000 Flybuys point can be redeemed for $10 worth of groceries (or redeemed for gift cards/other products from the Flybuys rewards store).

If instead, you transfer your Flybuys points to Velocity, you’ll be able to redeem in increments of 1,000 Flybuys points for 500 Velocity points. Reduced to a point per $1 earn rate, this equates to about 0.25 Velocity Point per dollar, and you can transfer Flybuys points to Velocity at any time you choose, just keep in mind that points increments and limits apply.

Virgin Australia's new Business Class seat
Flybuys points can be converted into Velocity Points which can then be used with Virgin Australia Business Class travel

This is a low points earn rate for these currencies compared to other cards on the market, but almost all of its peers will come with an annual fee to take into account.

Combined Flybuys and credit card with Coles Pay Tag

This may be useful – your credit card comes with your Flybuys barcode printed on the back, so there is one less card to carry around in your wallet.

You can also order a Pay Tag to stick on the back of your phone, again pre-printed with your Flybuys barcode (which can be quite convenient when using the self-scanner at Coles checkouts when shopping) and a contactless chip to use for PayPass without pulling your wallet out.

Apple Pay & Samsung Pay Support

Coles Mastercards support Apple Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments.

Read the Point Hacks guide to using Apple Pay or for using Samsung Pay, including instructions on how to add your card to those services.

With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your card, even if your physical card is lost or stolen and pending replacement.

Summing up

The Coles No Annual Fee Mastercard is for those who are really trying to minimise outgoings in fees and other costs to banks but still want to earn a few points from day-to-day transactions.

Thankfully, Flybuys points are increasingly useful, so even if you don’t end up using them for flights with Velocity, they are easy to redeem for a discount at Coles.

That said, it could be well worth looking up the Coles card range, including the Coles Rewards Mastercard with an annual fee of $99, which is still relatively low compared to most other rewards cards.

With that card, you’ll receive a points earn rate four times that of the No Annual Fee card (2 Flybuys points per $ spent for the Coles Rewards Mastercard vs 1 Flybuys point for every $2 spent for the No Annual Fee Mastercard).

Terms and conditions

Terms and conditions and exclusions apply.

Coles No Annual Fee Mastercard – 30,000 Flybuys bonus points was last modified: August 7th, 2023 by Daniel Sciberras