Credit Cards with No Late Payment Fees

Compare the best credit cards with no late payment fees and find the most suitable option.

By   |   Verified by David Boyd   |   Updated 18 Jul 2024

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Comparing credit cards with no late payment fees

NAB StraightUp Credit Card

On website

NAB StraightUp Credit Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Obtain the latest credit card from NAB - straightforward, affordable, and above all, interest-free!
  • No Use, No Pay. Should your NAB StraightUp credit card remain unused throughout the entire statement period, the monthly fee will be reimbursed. No unexpected charges!
  • Utilize your card for foreign currency transactions and relish in zero foreign transaction fees!
  • Consistent fixed minimum payments determined by your credit limit, providing you with assurance of monthly payment amounts.

Pros

  • Charges a monthly fee based on your selected credit limit.
  • The monthly fee will be reversed if you do not have any outstanding balance or purchase.
  • No interest charges or other fees, including foreign currency fees and late payment fees.

Cons

  • No rewards program for this card.
  • No balance transfers or cash advances.
Bank Australia Low Rate Visa Credit Card

On website

Bank Australia Low Rate Visa Credit Card

Balance transfer

N/A

Purchase rate

12.99% p.a. ongoing

Annual fee

$59.00 p.a. ongoing

Highlights

  • Enjoy the advantage of a competitive 12.99% p.a. interest rate for both purchases and cash advances.
  • Plus, benefit from an annual fee of only $59.00.
  • Your credit journey starts with a minimum credit limit of $1,000, ensuring accessibility and flexibility.

Pros

  • Low 12.99% p.a. interest rate on purchases.
  • Cash advances are also charged at the competitively low rate of 12.99% p.a.
  • Annual fee of $59 p.a.
  • Minimum credit limit of $1,000.

Cons

  • No interest-free days at all.
  • No balance transfer offer as of the moment.
CommBank Neo

On website

CommBank Neo

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Zero interest, zero late fees.
  • Three credit limit options: $1,000, $2,000, or $3,000.
  • Monthly fee remains straightforward: $12, $18, or $22, corresponding to your chosen credit limit.

Pros

  • No interest, no late fees.
  • No foreign exchange or additional cardholder fees.
  • Cashback benefits for eligible cardholders.

Cons

  • No Awards points for this card.
  • Low credit limits.
  • No balance transfers.
Community First Bank n0w Credit Card

On website

Community First Bank n0w Credit Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • There is no interest charged on purchases or cash advances (though a cash advance fee is applicable).
  • You have the option to select from three credit limits, each associated with a distinct monthly fee.
  • The minimum repayment required is either 2.5% of your statement's closing balance or $20, whichever amount is higher.

Pros

  • No interest on purchases or cash advances.
  • Low monthly fee starting from $9.
  • No annual fee or late payment fee.

Cons

  • Repayments aren't in fixed instalments like with Afterpay.
  • There's a $3 cash advance fee (but no interest).
  • The maximum credit limit isn't very high, but some will see the benefit in that.

By paying your statement on time, either manually or through a direct debit, you can easily avoid credit card late payment fees. However, if cash flow problems or poor account management are causing you to make late payments, a credit card with no late payment fee could help you save money each month.

What is the best credit card with no late payment fee?

The best credit card for you will depend on your individual financial circumstances. Before deciding which credit card to apply for, consider the following factors:

  • No late payment fee. The cards listed on this page do not charge a fee for late payments.
  • Annual fee. Check the cost of keeping the account open. The lower the fee, the better. Some credit cards with no late fees charge a monthly fee instead of an annual fee, which may be waived if the card is not used.
  • Purchase rate. Some credit cards with no late fees do not charge interest, while others do.
  • Cash advances.No interest credit cards typically block cash advances.
  • Balance transfers. If you opt for a no interest credit card, you won't be able to transfer a balance to your new card.

Eligibility

Recent missed payments may make it more challenging to get approved. Check your credit score to see what's on your report before applying. If your report shows recent missed payments or bad credit, improve your credit score before applying for a new card.

Help choosing a credit card with no late payment fees

Stay on top of your finances worry-free - discover credit cards with no late payment fees for peace of mind.

  • Pros & cons

Pros

Save money

Late fees can accumulate, particularly if you are consistently late.

Less stress

Knowing you won't incur extra fees can alleviate pressure.

Cons

It could encourage poor account management

Without a penalty fee, you can adopt a more relaxed approach to credit management.

Most no late fee credit cards lack basic functions

For example, no-interest credit cards may not charge a late fee, but they also don't allow cash advances, balance transfers, additional cardholders, etc.