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.
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
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).
More info
Add to comparison
22 months
0% p.a.
then 20.24%
with a 1.5% fee
12.49% p.a.
ongoing
$0
1st year
then $58
Kogan Money Black Card
Apply by 31 aug 20
No annual fees.
0% p.a. for 22 months on balance transfers with 1% BT fee (reverts to cash advance rate).
Earn $50 Kogan.com Credit when you are approved and spend $1000 or more on everyday purchases in the first 60 days.
More info
Add to comparison
22 months
0% p.a.
then 21.74%
with a 1% fee
20.99% p.a.
ongoing
$0
ongoing
Virgin Money No Annual Fee Credit Card
Apply by 31 aug 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
Add to comparison
12 months
0% p.a.
then 20.99%
with a 0% fee
18.99% p.a.
ongoing
$0
ongoing
Coles No Annual Fee Mastercard
Apply by 31 aug 20
64 reviews
No annual fee ever.
0% p.a. for 18 months with a 1.5% balance transfer fee (reverts to cash advance rate).
Earn 1 flybuys point per $2 on eligible spend.
More info
Add to comparison
18 months
0% p.a.
then 19.99%
with a 1.5% fee
19.99% p.a.
ongoing
$0
ongoing
Citi Rewards Card Balance Transfer Offer
Apply by 31 aug 20
Enjoy 0% p.a. on balance transfers for 26 months which could help you get on top of things. A one-off 1.5% balance transfer fee applies.
Reduced annual fee of $0 p.a. in the first year, ($199 p.a. thereafter).
Earn 1 pt per $1 spent on eligible Domestic Spend in Australia, up to $10,000 per statement period.
More info
Add to comparison
26 months
0% p.a.
then 22.24%
with a 1.5% fee
21.49% p.a.
ongoing
$0
1st year
then $199
$0 p.a. annual fee. You can’t get better than that!
Low ongoing interest rates of 10.80% p.a. on purchases and cash advances.
Credit limits start at $1,000
More info
Add to comparison
-
10.80% p.a.
ongoing
$0
ongoing
$0 p.a. annual fee.
One low 11.99% p.a. rate on purchases.
Up to 55 days on purchases if you pay your balance in full each month.
More info
Add to comparison
-
11.99% p.a.
ongoing
$0
ongoing
St.George Vertigo Visa
Apply by 30 sep 20
25 reviews
0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
0% p.a. on purchases for up to 7 months from card approval (reverts to 13.99% thereafter).
$0 p.a. annual fee for the first year ($55 p.a. thereafter).
More info
Add to comparison
22 months
0% p.a.
then 21.49%
with a 1.5% fee
7 months
0% p.a.
then 13.99%
$0
1st year
then $55
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.
More info
Add to comparison
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).
More info
Add to comparison
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
Add to comparison
9 months
2.99% p.a.
then 17.99%
with a 0% fee
17.99% p.a.
ongoing
$0
ongoing
Show more cards

Protect your identity. Monitor your credit score for free.

Join more than 17,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.

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.
""Helpful, polite and responsive experience!""
Stephen, NSW
"Credit Card Compare helped me get to what I wanted in no time, while offering additional information that was important. Thank you! I can truly recommend your website to anyone needing info on finding a good credit card."
Rita, QLD
"Really great service! Answers were prompt, easy to read and understand. Made my decision much easier. Thank you Credit Card Compare!"
Narelle, QLD
Read more testimonials
Compare these cards: