Review & Comparison Of Top No Annual Fee Credit Cards
Posted April 4th, 2010 and last modified November 23rd, 2011No Annual Fee Credit Cards can reduce your on-going bank fees, and are ideal if you pay your balance off each month
Best No Annual Fee Credit Card Offer for 2011
The HSBC Credit Card offers no annual fee for life, as well as a low interest balance transfer option if you are looking to switch credit cards and move your old balance to a new HSBC Credit Card.
- $0 annual fee
- 17.99% p.a. on purchases
- 0% p.a. for 6 months with 2% handling fee on balance transfers
- Cash Advance Rate of 21.99% p.a.
- 55 days interest free
- Minimum Income Requirement of $20,000 p.a.
- Includes shopping discounts and more with the HSBC home&away rewards program
No annual fee credit cards can lighten the load on your wallet significantly. Annual fees can be anywhere from just under $50 to more then $200, that is a lot of money for anyone, but even more for those of us on a tight budget. There are many no annual fee cards on the market, so it may be hard to choose between them. To help you choose here is a list of some of the best cards in Australia.
Australia’s Best No Annual Fee Credit Cards
HSBC Credit Card – The HSBC Credit Card features a $0 annual fee for life and a low 0% p.a. for 6 months with 2% handling fee balance transfer offer making it one of the better $0 annual fee credit card offers.
Virgin No Annual Fee Credit Card – The Virgin No Annual Fee Credit Card features a $0 annual fee for life and a low 2.9% p.a. for 6 months balance transfer offer. It is the perfect credit card for those who want a simple credit card to make purchases with.
Westpac 55 Day Credit Card – The Westpac 55 Day Card will help you save by waiving the already low $30 annual fee for the first 12 months. This annual fee will also be waived every year if you spend $10,000 or more on purchases. This card also gives you 0% for 6 months on purchases and up to 55 days interest free. Overall this is a great everyday value credit card.
Bankwest Zero Platinum Card – Among no annual fee credit cards this is one of the best valued. It comes packed with all of the fabulous customer service and security you expect from the platinum standard of cards. It also gives you complimentary airline travel and accident insurance as well as a one year extended warranty on items purchased with your card and purchase protection.
Woolworths Everyday Money™ credit card – The Woolworths Everyday Money credit card offers no annual fee for the first year, as well as a low interest balance transfer offer. For a limited time only, you can earn a bonus $50 shopping voucher.
Commonwealth Bank Low Fee Card – This card, from one of Australia’s biggest credit card providers, waives your annual fee as long as you spend a minimum of $1,000 each year. This card also comes withe excellent online security and 55 interest free days. They even allow you to add an extra cardholder for free.
If you get a no annual fee credit card you may have a higher rate of interest then you would with one of the best low interest rate credit cards. In order to make certain that your card costs you nothing you should carefully monitor your budget so you can pay your credit card bill in full each month. If you think you will wind up revolving your card balance from month to month you might be better off with a low interest card. Credit card comparison sites make it easy to run the numbers and pick the card that is exactly right for your budget.
Check out today's featured offers:
| Westpac Low Rate | Citibank Clear Platinum | Qantas AMEX Discovery | ANZ Platinum |
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0% p.a. for 6 months on purchases & balance transfers |
2.9% p.a. for 12 months |
$0 annual fee Up to 10,000 Bonus QFF Points |
0% p.a. for 6 months on purchases & balance transfers |
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