Coles Mastercard

Coles No Annual Fee Mastercard Key Fact Sheet

Applying for a Coles Mastercard card is simple

The application process will take about 10-15 minutes and you will get a response in under 60 seconds.

Please review the Key Fact Sheet below and confirm that your requirements are met by Coles Mastercard.

Key facts about this credit card

Correct as at: 22 December 2016

This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Description of credit card

Product name

Coles Standard No Annual Fee Mastercard / Coles Platinum No Annual Fee Mastercard

Minimum credit limit

Standard - $500
Platinum - $6000

Minimum repayments

Your monthly payment for a statement period will be:

  • Nil if your closing balance is $10 or less;
  • 2.222% of the closing balance OR $10 (whichever is greater), plus:
  • Any existing arrears carried over from your previous statement;
  • Any amount you owe over your credit limit;
  • Any instalment payment due under a promotion for that statement period

Interest on purchases

19.99% p.a.

Interest - free period

Maximum 62 days for purchases if you pay your closing balance in full and on time and have paid the previous month's balance in full and on time.

  • There is no interest free period on cash advances and balance transfer
  • Long term interest free only applies to active promotions

Interest on cash advances

19.99% p.a.

Balance transfer interest rate

0% p.a. for the first 6 months.
The interest rate thereafter changes to 19.99% p.a.

Annual fee


Late payment fee


There may be circumstances in which you have to pay other fees. A full list of current fees applicable to this credit card can be found at

For more information on choosing and using credit cards visit the ASIC consumer website at

The information on this sheet may be out of date. To confirm this information is correct you may wish to visit