No Annual Fee Credit Cards

Want to enjoy credit card benefits without paying fees? Learn about how no annual fee credit cards can benefit you, compare your options and find a credit card today.

No annual fee credit cards charge $0 annual fee either for the first year, for the life of the card or when you meet a spend requirement. These cards give you an easy way to save money while still getting all the benefits of a credit card. Some no annual fee cards also come with additional features such as balance transfersrewards and frequent flyer programs. Here, we explain how a no annual fee credit card works so you can compare the benefits, features and drawbacks to help you find the credit card you’re after.

ANZ Platinum Credit Card - cashback offer August

No Annual Fee Credit Card Offer

The ANZ Platinum Credit Card allows you to enjoy $0 annual fee in the first year plus $200 back to your ANZ Platinum Credit Card when you spend $500 on eligible purchases in the first three months.

  • Take advantage of this ANZ Platinum Credit Card's $0 annual fee in the first year offer (which reverts back to the standard $87 rate thereafter) or $0 in each subsequent year if you make $20,000 worth of eligible purchases in 12 months.
  • Receive $200 back to your ANZ Platinum credit card when you spend $500 on eligible purchases in the first three months.
  • Eligibility criteria, T&Cs, fees and charges apply.

    Compare the best* No Annual Fee Credit Cards in Australia

    Rates last updated August 24th, 2016
    Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.)
    ANZ Platinum Credit Card
    Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year with platinum card benefits.
    $0 p.a. annual fee for the first year ($87 p.a. thereafter) 19.74% p.a. Go to site More info
    ME Bank frank Credit Card
    A low interest rate on purchases and cash advances with $0 annual fee for the life of the card.
    $0 p.a. 9.99% p.a. Go to site More info
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    $0 p.a. 14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee Go to site More info
    Virgin No Annual Fee Credit Card
    No annual fee credit card with $100 cashback and a long term low rate balance transfer offer of 0% p.a. for 18 months with 2% balance transfer fee. Spend criteria applies for cashback offer.
    $0 p.a. 18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee Go to site More info
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    $149 p.a. 19.99% p.a. 0% p.a. for 15 months Go to site More info
    Coles No Annual Fee MasterCard
    Enjoy a $50 *Kmart Gift Card and pay no annual fee for the life of the card. Earn 1 flybuys point for every $2 spent.
    $0 p.a. 19.99% p.a. 0% p.a. for 6 months Go to site More info
    Bankwest Zero Platinum MasterCard
    Complimentary travel insurance and 24/7 Concierge service and $0 foreign transaction fees. Plus enjoy a $0 annual fee.
    $0 p.a. 17.99% p.a. 2.99% p.a. for 9 months Go to site More info
    ANZ First Student Card
    An ideal credit card for students with 44 days interest-free on purchases with $0 annual fee in the first year. Access your account on the go with the goMoney™ app.
    $0 p.a. annual fee for the first year ($30 p.a. thereafter) 19.74% p.a. Go to site More info
    Bankwest Breeze Platinum MasterCard
    Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance, a low ongoing purchase rate and $0 annual fee for the first year. Limited time only.
    $0 p.a. annual fee for the first year ($99 p.a. thereafter) 8.99% p.a. 2.99% p.a. for 9 months Go to site More info
    American Express Qantas Discovery Card
    Earn up to 7,500 bonus Qantas Frequent Flyer points, plus take advantage of no annual fee for the life of the card. Earn 1 Qantas Frequent Flyer point per $1 spend.
    $0 p.a. 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee Go to site More info
    28 Degrees Platinum MasterCard
    No annual fee for life, up to 55 days interest-free on purchases and no foreign transaction fees.
    $0 p.a. 21.99% p.a. Go to site More info
    Bankwest Breeze MasterCard
    Enjoy a low ongoing rate on purchases, a low introductory interest rate on balance transfers and $0 annual fee for the first year. Limited time only.
    $0 p.a. annual fee for the first year ($89 p.a. thereafter) 8.99% p.a. 2.99% p.a. for 9 months Go to site More info
    Citi Simplicity Card
    Pay no annual fee to ever, plus receive access to complimentary purchase insurance and the Citibank Dining Program.
    $0 p.a. 11.99% p.a. for 24 months (reverts to 19.99% p.a.) Go to site More info
    American Express Velocity Escape Card
    Enjoy 7,500 bonus Velocity Points when you meet the minimum spend requirement and earn up to 2 points for every $1 you spend, together with a $0 annual fee.
    $0 p.a. 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee Go to site More info

    What is a no annual fee credit card?

    A no annual fee credit card doesn’t charge you for yearly account maintenance. The $0 annual fee can be available for a promotional period (e.g. for the first year only), or for the life of the card. These cards can be ideal for a rainy day when you require extra credit to make payments and purchases.

    Credit cards with no annual fee for life often have higher standard purchase rates than other options. They may also have fewer additional features, such as rewards programs or complimentary extras.

    Will a no annual fee credit card suit your needs?

    A no annual fee credit card may suit you if you:

    • Rarely use a credit card or pay off your balance in full every month
    • Are after a simple credit card without all the bells and whistles
    • Would like access to a spare credit card in case of emergencies
    • Are using more than one credit card to take advantage of interest-free days on purchases
    • Want to take advantage of promotional credit card offers then cancel the credit card afterwards
    • Are trying to build and improve their credit score

    What to consider before you apply for a no annual fee credit card.

    If you want to apply for a no annual fee credit card, here are some questions to consider:

    • How often do you use your credit card? If you rarely use a credit card but still want one for unplanned expenses or emergencies, a no annual fee option will give you the features that you need without this added cost.
    • Do you carry a balance? The higher interest rates typical of no annual fee credit cards can make them expensive if you carry a balance. If that’s the case, you might want to consider a low interest credit card instead.
    • Do you have existing debt? If you have existing debt, getting a no annual fee credit card could tempt you into spending more money than you can afford. Aim to pay off your current debts, or consider a balance transfer credit card to save money on interest charges.
    • What credit card benefits do you want? No annual fee credit cards sometimes have fewer perks than other options. If you’re interested in features such as rewards programs and complimentary insurance, make sure you look at a range of cards and consider these factors as well as the annual fee so that you can find an option that suits all your needs.

    Benefits and drawbacks of 0 annual fee credit cards

    Benefits

    • Save money on your credit card. The most obvious perk of these cards is that you won’t pay an annual fee. This could save you tens, hundreds or thousands of dollars over the life of the card.
    • Practical. Without the extra perks and additional benefits, no annual fee credit cards can be ideal for emergencies and when extra credit is required.
    • Promotional offers and deals. Some no annual fee credit cards come with promotional offers, frequent flyer programs and other perks that you’d regularly have to pay a yearly fee to access.

    Drawbacks

    • Higher interest rates. Credit card companies may charge higher ongoing interest rates on no annual fee credit cards.
    • Fewer extra features. While some no annual fee cards do come with frequent flyer programs and other benefits, they usually have fewer features than cards with a high annual fee.

    Promotional offers and perks you can receive with no annual fee credit cards

    Balance transfer cards with no annual fee.

    Balance transfer credit cards let you move debt from an existing credit card to a new card with a low or 0% promotional interest rate. With no annual fee and a low or 0% balance transfer offer, you could have a cost-free way to consolidate your debts.

    Rates last updated August 24th, 2016
    $
    % p.a.

    Your search criteria didn't return any products. Click to reset your filter options and search again
    Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    0% p.a. for 12 months with 1% balance transfer fee 14.99% p.a. $0 p.a. Go to site More info
    Virgin No Annual Fee Credit Card
    No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
    0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 p.a. Go to site More info
    Coles No Annual Fee MasterCard
    Enjoy a $50 *Kmart Gift Card and pay no annual fee for the life of the card. Get a balance transfer offer of 0% p.a. for 6 months.
    0% p.a. for 6 months 19.99% p.a. $0 p.a. Go to site More info
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
    American Express Qantas Discovery Card
    Enjoy up to 7,500 extra Qantas Frequent Flyer Points and 1 point per $1 spent. Plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
    0% p.a. for 12 months with 1% balance transfer fee 20.74% p.a. $0 p.a. Go to site More info

    Rewards cards with no annual fee.

    These cards have no annual fees plus the ability to earn rewards points for every $1 spent. This combination of features means you could be rewarded for nothing.
    Frequent flyer cards with no annual fee. These cards are linked to a frequent flyer rewards program, such as Qantas Frequent Flyer or Virgin’s Velocity Frequent Flyer, and earn points without the added cost of an annual fee.

    Rates last updated August 24th, 2016
    Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    1 14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    HSBC Platinum Credit Card
    Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
    Coles No Annual Fee MasterCard
    Enjoy a $50 *Kmart Gift Card and pay no annual fee for the life of the card. Earn 1 flybuys point for every $2 spent.
    VISA/MC: 0.5 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
    American Express Velocity Escape Card
    Enjoy 7,500 bonus Velocity Points when you meet the minimum spend requirement and earn up to 2 points for every $1 you spend, together with a $0 annual fee.
    7,500 bonus points VISA/MC: 0 AMEX: 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    American Express Qantas Discovery Card
    Enjoy up to 7,500 extra Qantas Frequent Flyer Points and 1 point per $1 spent. Plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
    7,500 bonus points VISA/MC: 0 AMEX: 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info

    Travel credit cards with no annual fee and no foreign transaction fees.

    While most credit cards charge between 2% and 3.5% for transactions made in a foreign currency, travel credit cards waive this cost and also have no annual fee. Travel credit cards allow you to make purchases overseas at the daily exchange rate, which may be higher and more favourable than locking in an exchange rate at home before you leave. Since you’re likely to only be using a travel credit card during your holiday, it only makes sense that you compare one with a low or $0 annual fee.

    Rates last updated August 24th, 2016
    Purchase rate (p.a.) Overseas ATM Withdrawal Fee Foreign Currency Conversion Fee (MC) Annual fee
    Bankwest Zero Platinum MasterCard
    Complimentary travel insurance, 24/7 Concierge service. Plus no foreign transaction fees for online and overseas purchases.
    17.99% p.a. $0 0% of transaction value $0 p.a. Go to site More info
    28 Degrees Platinum MasterCard
    This credit card offers no annual fee, no currency conversion fees and no international transaction fees.
    21.99% p.a. $0 0% of transaction value $0 p.a. Go to site More info
    Bankwest Breeze Platinum MasterCard
    Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance, a low ongoing purchase rate and $0 annual fee for the first year. Limited time only.
    8.99% p.a. $0 0% of transaction value $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info

    Answers to the most popular questions about no annual fee credit cards

    • Q: If I have a credit card with a promotional annual fee offer, can I cancel the card before having to pay the annual fee?
      This is possible as long as you don’t have a balance on the card and cancel it before the annual fee is applied. Contact your provider to confirm exactly when the annual fee is charged so you don’t accidentally pay it before cancelling the card.
    • Q: When do you normally pay the annual fee on a credit card?
      The annual fee is usually charged upon account activation and payable by the first statement date or first credit card bill. Annual fees can be repaid as quickly as you choose, by making a payment to your credit card account. If you have a card with a promotional no annual fee and you don’t want to pay the annual fee when the offer ends, make sure you understand when the annual fee will be charged (you can confirm this with the bank) and cancel your card before then.
    • Q: What is the best no annual fee credit card?*
      There is no such thing as the one “best” no annual fee credit card. Instead, you should consider whether the $0 annual fee is a promotional offer or an ongoing feature and the other costs and features that come with the card. Make sure that the card is an affordable and functional way to manage your finances before you apply.
    • Q: I want a no annual fee credit card for travel. What other features should I consider?
      To keep your travel costs down, you may want to consider a credit card with no annual fee and no overseas transaction fees or a card that offers complimentary travel insurance. Also make sure that the card you’re using is accepted wherever you’re travelling and that it isn’t restricted by economic sanctions.
    • Q: Is there a business credit card with no annual fee?
      Business credit cards can offer no annual fee promotions. Compare business credit cards here.
    • Q: Can I get a no annual fee credit card if I have lots of debt or bad credit?
      Having a bad credit rating can limit your chances of being approved and getting the card. The best place to start is to learn about your options if you have a bad credit rating, by using our bad credit rating credit card guide.
    Was this content helpful to you? No  Yes
    American Express Essential Credit Card
    American Express Essential Credit Card

    Interest rate

    14.99

    Annual fee

    0
    More info
    ME Bank frank Credit Card
    ME Bank frank Credit Card

    Interest rate

    9.99

    Annual fee

    0
    More info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card

    Interest rate

    19.99

    Annual fee

    149
    More info
    ANZ First Visa Credit Card - Exclusive Offer
    ANZ First Visa Credit Card - Exclusive Offer

    Interest rate

    19.74

    Annual fee

    30
    More info
    Back to top

    Read more on this topic

    Ask a Question

    You are about to post a question on finder.com.au

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

    112 Responses to No Annual Fee Credit Cards

    1. Default Gravatar
      Brendan | September 10, 2015

      Hi there
      I currently have a personal loan with another bank.
      Im interested in finding out my options if i switched over the balance to a personal loan or credit card with you.
      The things that interest me are:
      Low interest rate for the first year or 2
      Low or no annual fee
      An offer to be rewarded with frequent flyer points or something similar

      cheers

      • Staff
        Jonathan | September 10, 2015

        Hi Brendan, thanks for your inquiry!

        Citibank and Virgin Money allow balance transfers from personal loans to credit cards. The comparison table provided on the page will allow you to compare credit cards based on interest rates, annual fees and frequent flyer points earnings.

        Cheers,

        Jonathan

      • Default Gravatar
        Charmaine | October 29, 2015

        What is the best card

      • Staff
        Sharon | October 29, 2015

        Hi Charmaine,

        Thank you for your question.

        As a financial comparison service, however, we’re unable to recommend any specific product, service or strategy to our users as the ‘best’ option will always depend on the individual’s financial situation and needs.

        I would recommend you compare different credit cards based on the offer provided and fees involved in conjunction with your financial situations and eligibility requirements.

        I hope this has helped.

        Sharon

    2. Default Gravatar
      Sujit | September 5, 2015

      i need the top rated service indian credit cards without annual fees

      • Staff
        Jonathan | September 6, 2015

        Hi Sujit, thanks for your inquiry!

        Unfortunately at this point of time our comparison of credit cards is only comprehensive across Australia and includes the USA.

        Cheers,

        Jonathan

    3. Default Gravatar
      ILISAPECI | August 18, 2015

      how to apply

      • Staff
        Jonathan | August 18, 2015

        Hi Ilisapeci, thanks for your inquiry!

        When you have found a card that you would like to apply for just press the ‘Go to Site’ button and you will be redirected to a secure web-form from the respective bank.

        I hope this helps.

        Cheers,

        Jonathan

    4. Default Gravatar
      Dev | June 12, 2015

      Hello,

      I have a question regarding American Express Platinum Edge card.

      on this website it is mentioned that “No annual fee for the first year, a 10,000 bonus points offer and a complimentary return domestic flight every year” but on the american express card website there is no mention of annual fee getting waived off for the first year. Can you please confirm if the annual fee is waived off or not for the first year ?

    5. Default Gravatar
      Ray | June 4, 2015

      I require an auxiliary credit card to my primary card to use for online purchasing ( for event tickets etc). I require a ‘No Fee for Life’ credit card and only require a low credit limit (to $2,000 max)with monthly balance paid in full within one week of receipt of monthly statement . Do I need to have an account with the issuing bank (HSBC, BoQ, etc) to obtain a Credit Card. Could someone advise my best option.

      • Staff
        sally.mcmullen@hiveempire.com | June 5, 2015

        Hi Ray,

        Thank you for your question.

        As a finder.com.au is an online comparison service and are not aware of your unique financial situation, we can’t recommend one particular card for you.

        However, you may wish to visit our No Annual Fee Credit Cards page here to review some of your options. To compare low limit credit cards, you can use our Low Limit Credit Cards page.

        Depending on which issuer you decide on, you may not need to an existing account but you will need to sign up to open a new credit card account.

        I hope this has answered your question.

        Thanks,

        Sally

    6. Default Gravatar
      bill | May 5, 2015

      I only use credit card for emergency and pay in full. I am looking for a no fee card for lifetime with travel insurance and overseas purchases included at no costs, thanks

      • Staff
        Jonathan | May 6, 2015

        Hi Bill, thanks for your inquiry!

        Please refer to the following link for a list of cards with free travel insurance, which will allow you to compare products based on overseas purchases and annual fee features.

        Cheers,

        Jonathan

    7. Default Gravatar
      cash | May 3, 2015

      I am not a frequent user of any type of credit card never ever had one in my life. So if I wanted to go for credit card I do not have any plan to use it but I wanted to keep as in safe for emergency only. So which credit card is better for me. I do not like to keep debt on cards, wanted to know either low interest rate is better or no fee cards ? Thanks

      • Default Gravatar
        Terry | July 23, 2015

        Can I exchange a Coles platinum card for a Coles no annual fee card?

      • Staff
        Jonathan | July 23, 2015

        Hi Terry, thanks for your inquiry!

        Switching between Coles credit cards can be requested by contacting the Coles MasterCard team. Please refer to the contact details I have sent to your email.

        Cheers,

        Jonathan

      • Staff
        Jonathan | May 4, 2015

        Hi Akashjoshi, thanks for your inquiry!

        The choice between low interest rate or no annual fee credit cards depends on the frequency of usage and type of transactions made on the card. If the usage on the credit card is lower/ minimal you may like to refer to no annual fee cards on this page and no annual fee cards on this page.

        Cheers,

        Jonathan

      • Default Gravatar
        cash | May 4, 2015

        Yes sure, cheers!

    8. Default Gravatar
      Terry | May 2, 2015

      Can I exchange my Coles platinum card for a no fees Coles card

      • Staff
        Jonathan | May 4, 2015

        Hi Terry, thanks for your inquiry!

        Exchanging credit cards can be requested by contacting the Coles MasterCard team. Please refer to the contact details I have sent to your email.

        Cheers,

        Jonathan

    9. Default Gravatar
      Ray | April 24, 2015

      Which cards, if any, offer free travel insurance?
      Thank you
      Best regards
      Ray.

    10. Default Gravatar
      loan | April 23, 2015

      Would i be able to borrow 9000 dollars please

      • Staff
        Jonathan | April 24, 2015

        Hi Loan, thanks for your inquiry!

        Cash advances/ withdrawals on credit cards are only supported up to your provided credit limit. You may like to refer to the following link for information on personal loans.

        Cheers,

        Jonathan

    Credit Cards Comparison

    Rates last updated August 24th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    Virgin Australia Velocity Flyer Card - Balance Transfer Offer
    Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
    20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
    ME Bank frank Credit Card
    Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
    9.99% p.a. $0 p.a. Go to site More info
    Citi Qantas Signature Credit Card
    Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
    20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
    American Express Essential Credit Card
    Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
    14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info

    * The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

    Ask a question
    feedback