Point Hacks Credit Card Guide

Coles No Annual Fee Mastercard – earn 1 flybuys point per $2 on spend plus $0 annual fee

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.

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 Card
Loyalty programflybuys
Points earned from spend1 flybuys point per $2 spent
International transaction fee1.5% of any purchase, cash withdrawal or cash advance outside Australia. This may be in Australian dollars or any other currency where the Merchant is located outside Australia or the transaction is processed by an entity located outside Australia
Minimum Income$25,000 p.a.
Annual fee$0

Effective Frequent Flyer Program Point Earn Rates

Partner Frequent Flyer ProgramEquivalent partner points earned
Velocity Points0.22 point / $ spent
Etihad Guest Miles0.2 mile / $ spent

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 or Etihad, you’ll be able to redeem in increments of 2,000 flybuys points for 870 Velocity points, or 10,000 flybuys points for 4,000 Etihad Guest Miles. Reduced to a point per $1 earn rate, this equates to about 0.22 Velocity Point or 0.20 Etihad Guest miles per dollar, and you can transfer flybuys points to these programs at any time you choose, just keep in mind that points increments and limits apply.

flybuys points can be converted into Etihad Guest miles which can then be used with Virgin Australia Business Class travel

Note: As of 14 December 2017, flybuys suspended its partnership with Etihad Guest. We will update this guide as soon as we have further updates.

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.

Free delivery at Coles Online when paying with your Coles credit card

If you shop online at Coles and need to be able to book a more specific time for delivery, then the free delivery benefit as a cardholder is going to be useful – this option is available once you spend $100 or more.

It’s going to offer most value to the more frequent Coles Online shopper, naturally, but even those who shop online with Coles less frequently – but meet the $100 spend criteria – could find it useful to be able to select a delivery slot at no additional cost.

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.

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 or Etihad, 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. Click here to find out more.

Coles No Annual Fee Mastercard – earn 1 flybuys point per $2 on spend plus $0 annual fee was last modified: December 14th, 2017 by Keith

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