No Annual Fee Credit Cards | Reviews & Comparison

No Annual Fee Credit Cards

Get a no annual fee card for a rainy day. If you don’t use it, it won’t cost you anything to keep the account open.

13 reviews
$0 annual fee for the life of the card.
0% p.a. for 12 months on balance transfers.
Up to 55 days on purchases.
People are happy
Rated 4.8 out of 5 for customer satisfaction.
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My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
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balance transfer
purchase rate
annual fee
Money saved
Virgin Money No Annual Fee Credit Card
Apply by 30 jun 20
13 reviews
$0 annual fee for the life of the card.
0% p.a. for 12 months on balance transfers.
Up to 55 days on purchases.
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12 months
0% p.a.
then 20.99%
with a 0% fee
18.99% p.a.
ongoing
$0
ongoing
0% p.a. for 22 months on balance transfers (1.5% balance transfer fee applies). Reverts to cash advance rate.
Low 12.49% p.a. ongoing rate on purchases.
No annual fee for the first year ($58 p.a. thereafter).
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22 months
0% p.a.
then 20.24%
with a 1.5% fee
12.49% p.a.
ongoing
$0
1st year
then $58
Virgin Money No Annual Fee Credit Card 0% p.a. for 9 Months on Purchases and Balance Transfer Offer
Apply by 30 jun 20
$0 annual fee for the life of the card.
0% p.a. for 9 months on purchases (reverts to 18.99% thereafter).
0% p.a. for 9 months on balance transfers (reverts to 20.99% thereafter).
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9 months
0% p.a.
then 20.99%
with a 0% fee
9 months
0% p.a.
then 18.99%
$0
ongoing
St.George No Annual Fee Credit Card
Apply by 30 sep 20
10 reviews
$0 annual fee for as long as you have the card.
0% p.a. for 12 months on balance transfers with 1% balance transfer fee on amounts transferred.
The small starting credit limit of $500 might be great for someone’s first credit card.
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12 months
0% p.a.
then 21.49%
with a 1% fee
20.74% p.a.
ongoing
$0
ongoing
0% p.a. for the first 18 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 20.24% p.a.
Up to 55 days interest free on purchases when you pay your account in full each month.
$0 annual fee for the first year (save $87).
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18 months
0% p.a.
then 20.24%
with a 2% fee
20.24% p.a.
ongoing
$0
1st year
then $87
Pay no annual fee as long as you hold the card.
2.99% p.a. for 9 months on balances transferred.
Up to 55 days interest free on purchases.
More info
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9 months
2.99% p.a.
then 17.99%
with a 0% fee
17.99% p.a.
ongoing
$0
ongoing
Earn 0.75 Qantas Point for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
Earn 1 additional Qantas Point per $1 spent on eligible Qantas products and services.
Pay no annual card fee.
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-
20.74% p.a.
ongoing
$0
ongoing
American Express Business Explorer Credit Card
Apply by 03 jun 20
Receive 75,000 bonus Membership Rewards points when you apply by 3 June 2020, are approved and spend $3,000 on your card within the first 3 months. New Card Members only.
No annual fee for the first year ($395 p.a. thereafter).
Earn 50,000 business loyalty bonus points when you spend $100,000 every 12 months from the card approval date.
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-
16.99% p.a.
ongoing
$0
1st year
then $395
$0 p.a. annual fee for the first year, then $30 p.a.
An easy to manage credit limit from $500 will mean you can’t build up a lot of debt.
Make every day a little bit easier and do your banking on the go with the ANZ App.
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-
20.24% p.a.
ongoing
$0
1st year
then $30
No annual fee.
2.99% p.a. for 9 months on balances transferred.
No foreign transaction fees and complimentary international credit card travel insurance.
More info
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9 months
2.99% p.a.
then 17.99%
with a 0% fee
17.99% p.a.
ongoing
$0
ongoing
BankSA No Annual Fee Credit Card
Apply by 30 sep 20
2 reviews
No more annual fee, ever.
0% p.a. for 12 months on balance transfers with 1% balance transfer fee on amounts transferred.
Get up to 3 extra cardholders for free.
More info
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12 months
0% p.a.
then 21.49%
with a 1% fee
20.74% p.a.
ongoing
$0
ongoing
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Q&As about No Annual Fee Credit Cards from customers

What does 'no annual fee’ actually mean?

It is a card without any charges for annual account maintenance. There are obvious money-saving benefits with credit cards that charge zero annual fees, but there is generally a trade-off to be made in that they tend to lack features such as rewards programs. These types of cards generally have average purchase rates and may also offer a balance transfer option.

Who are no annual fee cards for?

If you are the sort of person who only intends on using their credit card to fund unexpected emergencies such as car breakdowns, occasional online purchases or to use when travelling abroad, then a card that doesn’t charge any account maintenance fees can save you a nice chunk of money. Also, if you don’t intend on using your card regularly then features like rewards programs may simply be a waste of money, as you have to spend quite a lot to earn enough for any sizeable return.

What types of them are there?

Broadly speaking, there are two types of no annual fee cards:

  • No annual fee for life – This is the main type. These cards charge no annual fee for life, which means you don’t have to worry about switching to a different bank after a year to void paying the yearly fee.
  • No annual fee for the first year – Before applying for a credit card offering no annual for the first year only, carefully consider whether or not you would be comfortable paying the full annual fee after the offer expires, particularly focusing on whether the benefits the card offers, such as lower interest rates, outweigh the cost of the annual fee.

There are also credit cards with a discounted annual fee that typically only applies to the first year. Just as is the case with offers of no annual fees for the first year, you should compare the cost of the full annual fee you’ll be charged after the first year.

Do no annual fee cards have rewards programs?

Rewards programs are not as common on no annual fee cards, but they do exist. However, if you don’t pay off the balance in full every month, the rewards earned can be negated in value by the interest you’ll have to pay.

Can I transfer an outstanding balance?

The majority of the best credit cards without annual fees will have a balance transfer option available. It should be noted that although you may save money by not having to pay an annual fee, it may actually work out cheaper for you to get a card that charges a nominal annual fee, but has a lower balance transfer rate so that your monthly repayments are significantly reduced.

How can I maximise the benefit of a no annual fee card?

To get the most out of it, make sure that you pay off your balance in full each month. Most no annual fee credit cards (except the occasional card with an offer on purchase rates) will charge an average of approximately 17% p.a. on your purchases.

What happens if I miss a payment?

Missing a payment is never a good thing, and it may result in you being charged the annual fee. But worse still, your credit rating may be damaged if you miss one or more monthly payments.

When would the 'annual fee’ usually get charged?

Usually banks like to charge the annual fee straight away on the on 1st or 2nd statement of a new card and again on the anniversary of the card each year.

People are happy

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