Low Rate Mastercard

Make the most of our low rate everyday while still earning rewards when shopping at Coles. That’s real value.


Enjoy our Low Rate Everyday

A low rate you can rely on with our Coles Low Rate Mastercard. Enjoy 12.99% p.a. on Purchases. 


Collect points when you shop at Coles

Collect 1 point for every $2 on purchases at Coles Supermarkets2

Complimentary insurance5

Protects the items you buy with your card in case they're permanently lost, stolen or accidentally damaged.

$10 off your Coles Supermarket shop^

Instantly take $10 off your Coles Supermarket shop, every time you redeem 2,000 Flybuys  points in-store at the checkout.  

Protected by the Coles Shield

Coles Shield provides three layers of defence against credit card fraud.

Coles Instalment Plans

Payment options to help you manage your finances. Learn more


Tap & Pay with Apple Pay3 and Samsung Pay4

It's the easy and secure way to use your card on the go.

Complimentary access to your 24/7 local Concierge

Enjoy access to complimentary travel and accommodation services in major cities in Australia and around the world.

Award-winning Low Rate Credit Card

Our Coles Low Rate Mastercard® was awarded Money magazine's best Non-Bank Credit Card issuer of the Year for 2021.

Rates and fees

Annual Fee $58
Annual FeeBalance Transfer $58Enjoy 0% p.a. on Balance Transfers for 6 months.* Reverts to Cash Advance rate. Apply by 31 October 2022.
Annual FeeInterest rate on Purchases and Cash Advances              $58

12.99% p.a. on Purchases

19.99% p.a. on  Cash Advances

Annual FeeInterest free days⁷ $58Up to 55
Annual FeeDomestic Cash Advance Fee $58$1.95 per transaction amount under $65.00, and 3.00% of the transaction amount for any transaction equal to or over $65.00, debited to your Account on the Transaction Date. 
Annual FeeInternational Cash Advance Fee $58$5 
Annual FeeInternational Transaction Fee $582.50% on all Retail Purchases and Cash Advances. 
Annual FeeLate Payment Fee $58


Each time we do not receive the Minimum Payment Due and any Overdue Amount by the Payment Due Date, debited to your Account after the Payment Due Date. The Minimum Payment Due, any Overdue Amount, and Payment Due Date are detailed on your statement of account. 

Annual FeeMinimum credit limit  $58$2,000 
Annual FeeAdditional Cardholder Fee  $58$0 
Annual FeeOver-the-Counter Transaction Fee  $58$2.25 
Annual FeePaper Statement Fee  $58$2.00 per statement 

To apply you need to be 18 years or older; a permanent Australian resident and earn a minimum income of $25,000 per year or more.

Other cards you may be interested in

Rewards Mastercard

Learn more


No Annual Fee Mastercard

Learn more

Coles Mobile Wallet App

Coles Mobile Wallet App

  • Manage your account wherever you are
  • View your balance and transaction history 
  • Check your points balance and activate Flybuys offers

To obtain a copy of the Target Market Determination (TMD) related to this product click here.


Terms and conditions

Credit card criteria

Credit criteria, fees and charges, terms and conditions apply. Individuals must be 18+. Offers available to new customers only and is not available with any other offer. 

*Your total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate applies to balances transferred with this offer for a period of 6 months. The 6 months promotional period commences when the Balance Transfer is processed, and you must make the Balance Transfer request within 90 days from approval to receive this offer. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance will revert to the applicable Annual Percentage Rate for Cash Advances, currently 19.99% p.a. for a Coles Low Rate Mastercard. Please note you are not entitled to any interest free days on Retail Purchases whilst you have a Balance Transfer. This means that all transactions will be charged interest at the applicable Annual Percentage Rate from the date of purchase. This offer is valid until 31 October 2022. Post this advertised date; NAB reserves the right to continue, withdraw or change the offer at any time without notice. This offer is not available when closing/transferring from another Coles Mastercard. For important information to consider before taking up a Balance Transfer, please click here for Balance Transfer information.

3Terms and conditions apply to the use of Apple Pay. Apple Pay is available on compatible Apple devices. Apple, the Apple logo, Apple Pay, Touch ID and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries.

4Terms and conditions apply to the use of Samsung Pay. Samsung Pay is available on compatible Samsung devices. Samsung, Samsung Pay, Galaxy S (and other device names) are trademarks or registered trademarks of Samsung Electronics Co., Ltd. 

5Complimentary insurance covers are provided to your Account by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance (“Allianz Global Assistance”) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (“Allianz”). AWP has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). Access to the benefit of cover under the Coles Mastercard Platinum Complimentary Insurance Terms and Conditions is provided to eligible NAB cardholders by operation of s48 of the Insurance Contracts Act 1984 (Cth). NAB is the credit provider and issuer of Coles credit cards. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian credit licence 238098) (“Citi”). Citi has agreed with NAB to provide transitional services in relation to the transferred business. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Coles Mastercard Platinum Complimentary Insurance Terms and Conditions Information Booklet which can be found at coles.com.au/mastercard-important-information and may be amended from time to time. Neither NAB nor Citi nor any of its related corporations guarantee this insurance. For general enquiries call Allianz Global Assistance who issues and manages the Group Policy on behalf of Allianz.

6Concierge is a complimentary service available to the Primary Cardholder of a Coles Platinum credit card. Refer to the Coles Mastercard Rewards Terms and Conditions. Concierge Services are provided by Aspire Lifestyles (Americas), Inc.

7The Interest Free Period applies to Retail Purchases, interest, fees and charges when you pay your full Closing Balance from your last statement by the Payment Due Date (excluding any Fixed Payment Option balance which isn’t due for payment by that Payment Due Date). No Interest Free Period is available on Cash Advances or Balance Transfers. Please note you are not entitled to the Interest Free Period whilst you have a Balance Transfer.

Redeeming and earning Flybuys Points

^2,000 Flybuys Points are required to redeem $10 off at the checkout in-store each time. Excludes Coles Express and Coles Online. Minimum spend is $10 after savings and discounts in one transaction at Coles Supermarkets (excluding gift cards, iTunes cards, tobacco and tobacco related purchases).

2An eligible purchase is an Eligible Transaction as defined in the Coles Mastercard Rewards Terms and Conditions found at www.coles.com.au/mastercard-important-information and means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges,  transactions made using Flybuys Points and government related transactions. The number of Flybuys Points awarded is calculated by reference to the Australian dollar amount of the transaction.  Flybuys Points awarded for using a Coles Mastercard linked to your Flybuys Membership Account are in addition to Flybuys points awarded by Flybuys partners and will be allocated by Flybuys in accordance with the Flybuys terms and conditions found at flybuys.com.au.


Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Coles unsecured credit products are issued by National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) and distributed by Coles Supermarkets Australia Pty Ltd ABN 45 004 189 708. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the products. Coles receives commission for the introduction of credit business to NAB.