No Annual Fee Credit Cards
As banks add more and more charges and fees, more people are turning away from common credit cards in search of a no annual fee credit card.
Most no annual fee credit cards do not offer a consistent $0 annual fee – more commonly, the annual fee is waivered for the first year or can be waivered if a certain amount if spend per month/year.
Credit cards with no annual fee are ideal for those who only need their credit card in emeregencies, or need a backup source of credit which they do not want to pay an ongoing fee for.
Best $0 Annual Fee Offers
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) | |
|---|---|---|---|---|---|---|---|
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Enjoy a generous rewards program and up to 44 days interest free on purchases at no annual fee, ever. You have the flexibility to opt in for a $80 annual fee if you wish to double your reward points. |
20.49% | 20% | - | $0 | 44 | 
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Best No Annual Fee Credit Card $0 annual fee for the life of the credit card and a 5.99% interest balance transfer offer for 6 months. |
16.99% | 20.75% | 0% p.a. for 6 months | $0 | 55 |
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Receive a response within 60 seconds of your application – quick online approval approval. *No annual fee for the first year, followed by a standard $30. |
18.99% | 20.74% | 7.99% p.a. for 6 months | $0 for the first year ($30 p.a. after) | 44 |
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Earn Woolworths shopping vouchers as a rewards program. *Annual fee: $0 for the first year ($49 per year after that). |
19.49% | 20.99% | 0% p.a. for 6 months | $0 for the first year ($49 per year after that) | 55 |
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Receive a response within 60 seconds of your application – quick and easy approval. *No annual fee when you spend $1,000 or more on your card per annum. Otherwise a $24 standard annual fee. Click here to see this card at CommBank.com.au |
19.99% | 21.49% | 5.99% p.a. for 5 months | $24 | 55 |
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No annual fee ever. Up to three complimentary cardholders for free. 1.99% p.a. on purchases and balance transfers for the first 12 months Click here to see this card at BankWest.com.au |
16.99% | 16.99% | 5.99% p.a. for 12 months | $0 | 55 |
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No Annual Fee Credit Card Tips
If you’ve had enough of the charges made by your credit card provider and feel it isn’t fair they keep raising their charges because they already make plenty of money anyway, then fear no more. You have options with no annual fee credit cards.
Pretty much all major card providers offer you a no annual fee card. But before you sign on the dotted line you need to understand the different offers given to you by card providers:
- Watch out for the purchase rate: Some of these rates are actually quite high and they range between 11.5 per cent all the way up to 19.99 per cent.
- Some no annual fee credit cards have a balance transfer cost: Understand what this means for you.
- What is the cash advance rate of the no annual fee credit: Often it is similar to the purchase rate but can be higher in some occasions.
- Free days are good days: If the card you look at has interest free days (55 days is standard,) then all the better for you.
- How high is the late payment fee: If you are late you get penalised with a late payment fee. These range between $25-$35, depending on the no annual fee credit card provider.
- Bargain for a better APR percentage: If you have a strong credit rating you might be able to strike a bargain with your credit card lender to get a better rate. It costs nothing to ask, but you can actually save a bit of money if you do.
- Be informed about special perks or the lack of it: Not all no fee cards give you deals on travel, insurance or rewards points.
Use common sense when comparing these no fee cards and ask questions to the lender if you have trouble understanding the terms.
Australian No Annual Fee Credit Cards:
Listed below are other no annual fee credit cards available on the Australian market. The table above is a condensed comparison of some of the most competitive offers available for online application.
- GE Money GO MasterCard
- NSW Teachers Credit Union Credit Card
- St.George No Annual Fee
- Coles Group Source MasterCard
- Westpac No Annual Fee
- Commonwealth Business Credit Card – Low Rate (Unsecured) Option
- Commonwealth Bank No Annual Fee Credit Card
- American Express Blue Sky Credit Card
- American Express Gold Ascent Credit Card
- Bankwest Zero MasterCard
- BOQ Blue No Annual Fee Visa Card