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.

No annual fee.
Low 11.99% p.a. variable purchase rate and cash advance rate.
Comes with Apple Pay.
People are happy
Rated 4.8 out of 5 for customer satisfaction.
You may have seen us in
My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
balance transfer
purchase rate
annual fee
Money saved
ING Direct Orange One Credit Card
No annual fee.
Low 11.99% p.a. variable purchase rate and cash advance rate.
Comes with Apple Pay.
More info
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-
11.99% p.a.
ongoing
$0
ongoing
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
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Pay no annual card fee.
Earn up to 1.75 Qantas points per $1 spent on Qantas flights, goods, and services.
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12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$0
ongoing
No annual card fee to pay each year.
Base earn rate is 0.75 pt per $1 spent. Get an additional 1 point per $1 when spending with Virgin Australia.
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
More info
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12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$0
ongoing
American Express Business Explorer Credit Card
Apply by 22 apr 20
Receive 100,000 bonus Membership Rewards points when you apply by 22 April 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.
More info
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-
16.99% p.a.
ongoing
$0
1st year
then $395
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
Virgin Money No Annual Fee Credit Card
Apply by 30 apr 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.
More info
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12 months
0% p.a.
then 20.99%
with a 0% fee
18.99% p.a.
ongoing
$0
ongoing
 
saved over 12 months
St.George No Annual Fee Credit Card
Apply by 02 jun 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.
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
 
saved over 12 months
Bank of Melbourne No Annual Fee Card
Apply by 02 jun 20
2 reviews
Pay no annual fee, ever.
You can have 3 additional cards at no extra cost.
Up to 55 days on purchases
More info
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-
20.74% p.a.
ongoing
$0
ongoing
 
saved over 12 months
BankSA No Annual Fee Credit Card
Apply by 02 jun 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
Add to comparison
12 months
0% p.a.
then 21.49%
with a 1% fee
20.74% p.a.
ongoing
$0
ongoing
 
saved over 12 months
$0 p.a. annual fee. You can’t get better than that!
Low ongoing interest rates on purchases and cash advances.
Credit limits start at $1,000
More info
Add to comparison
-
11.30% p.a.
ongoing
$0
ongoing
 
saved over 12 months
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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

Rated 4.8 out of 5 for customer satisfaction.
"Thanks Credit Card Compare! The customer service that was provided to me was efficient and courteous. They were able to quickly assist me with my issues and point me in the right direction. Thanks again!"
Andrew, NSW
"Really great service! Answers were prompt, easy to read and understand. Made my decision much easier. Thank you Credit Card Compare!"
Narelle, QLD
"Very very helpful customer service, fast and efficient and got right to the point! Highly recommend using Credit Card Compare before applying so that you are fully ready and equipped for the information needed."
Nevine, NSW
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