The Coles credit card has no annual fee and allows you to earn Flybuys points on your purchases. Find out more about the features of the Coles credit card on this page.
Annual Fee: $0/ year
We may receive a commission from the card issuer for each applicant of this card. You do not pay this amount. More about this in our credit guide.


See More No Annual Fee Credit Cards
See More No Annual Fee Credit Cards
These are the 5 no annual fee credit cards in Australia. They are perfect for beginners and people who want to pay $0 credit card annual fees. On this page we will go through the American Express Essentials card, the Kogan credit card, Qantas American Express Discovery card, and the American Express Velocity Escape card.
Frequently asked questions
What are the differences between credit cards and debit cards?
Credit cards:
- The credit provider allows you to borrow money from them up to the credit limit
- Can be used to earn rewards such as frequent flyer points, cash back, and insurances on your purchases
- There’s usually an interest free period from 44 days to 55 days, where no interest is charged if you pay back the full balance owing before the end of the interest free period
- Interest will be charged on the amount owing after the interest free period if you don’t pay back the full balance
- Offers extra fraud protection and protection against unauthorised purchases
Debit cards:
- Money is deducted from your bank account
- Since it is your money which you are using, no interest or fees are charged (unless you deduct more money than you have in your account)
- Generally doesn’t allow you to earn points or cash back
- Generally no extra insurances and fraud protection are offered on purchases
Do credit cards impact your credit score?
Paying off your full credit card balance each month on time may positively affects your credit score, but not paying back the full balance owing on time may negatively impact your credit score. That’s why it’s important to keep on top of your payments and try to pay off the balance in full and on time each month.
Do you need to pay interest on your credit card?
With every credit card, there’s usually an interest free period of up to 44 days or 55 days, whereby if you pay back the full balance owing on your statement before the interest free period, then no interest is charged.
However, if you don’t pay back the full balance owing before the interest free period, then interest will be charged on the balance owing on your statement. That’s why it’s important to keep on top of your credit card statements and try to pay back the full balance owing each month before the end of the interest free period.
Do credit cards impact your borrowing capacity when you're looking to get a mortgage?
Having a credit card may impact your borrowing capacity, because the banks usually look at the full credit limit that you have on your credit card as a debt, even if you pay back the full balance owing each month on time.