Coles Low Rate Mastercard
The Coles Low Rate Mastercard offers 0% p.a. for 15 months on balance transfers. Ongoing benefits include a low ongoing interest rate.
Updated 23 December 2024
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As the name suggests, the Coles Low Rate Mastercard is Coles' low interest rate product. This is also the only credit card Coles offers in the low interest rate category. Featuring a competitive Purchase interest rate of 13.49% p.a., which is Coles' lowest, and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% lowest purchase rates. Further, the product has a $58 annual fee. As a result, this card ranks among the lowest 25% annual fee products.
Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include no additional cardholder fees.
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No rewards program
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$58 annual account fee
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No additional cardholder fee
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Up to 4 additional cardholders
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3.00% international transaction fee
Other fees may apply.
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13.49% p.a. variable purchase rate
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20.74% p.a. variable cash advance rate
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Up to 55 interest free days on purchases
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Purchase Protection Insurance
0% for 15 monthson balance transfers (1.50% BT fee applies), reverts to 20.74% p.a.
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Before applying for this product, you should read the Target Market Determination (TMD) available here on the Coles website.