No Annual Fee Credit Cards
No annual fee credit cards benefit people who use their cards very sparingly or
for emergencies.
If you occasionally rack up interest, you’ll end up paying more on a no annual fee card than a regular low rate credit card with an annual fee.
Sometimes we end up paying for things we don’t need, such as rewards programs. If you want to keep costs down, consider a credit card with no annual fee.
Annual fees are a very unattractive feature of credit cards - especially if you’re not a very frequent user.
However, they often have other features which for some consumers, may end up costing more than a regular credit card to manage.
To find out if no fee credit cards are right for you, see our no annual fee credit card resources.
No Annual Fee Credit Card Comparison
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) | |
|---|---|---|---|---|---|---|---|
 American Express Gold Ascent Card |
No annual fee ever, with up to 44 days interest free on purchases. This credit card requires good credit and a minimum earnings of $50,000 per annum for application approval. |
19.99% | 19.99% | N/A | $0 | 44 |   |
 ANZ First Visa Credit Card |
No annual fee for the first year. *Annual fee reverts to $30 after the first year.
Ideal for easy approval and students. |
17.49% | 19.24% | 7.99% p.a. for 6 months. | $0* | 44 | |
 Commonwealth Bank Low Fee Card |
*No annual fee if you spend over $1000 per annum on your card.
Otherwise, a $24 annual fee. |
18.49% | 19.99% | 4.99% for 9 months. | $0* | 55 | |
 HSBC Gold Visa Card |
*No annual fee for the first year which reverts to a standard $89 after.
Access to the HSBC Gold rewards program and free international travel insurance. |
17.99% | 21.25% | 5.99% for 6 months. | $0* | 45 | |
 Woolworths Everyday Money Card |
*No annual fee for the first year, then $49.
Woolworth’s generous shopping rewards program. |
17.99% | 20.99% | 5.99% p.a. for 6 months | $0* | 55 | |
 American Express Blue Sky Card |
Blue Sky point opportunities and benefits.
Must pay balance in full each month. Good credit history required, limited Amex acceptance in Australia. |
19.99% | 19.99% | N/A | $0 | 0 | |
 ANZ Visa Debit Card |
Due to popular request, debit cards have been featured on this page.
Take note however that no debit card comes without fees. *Monthly fee. |
Debit Card | Debit Card | N/A. | $6* | N/A | |
 St.George Visa Debit Card |
St George’s Visa Debit card.
Visa Debit cards have all the access of a regular credit card. *Monthly fee. |
Debit Card | Debit Card | N/A. | $7* | N/A | |
Different Types of Australian No Annual Fee Cards
There are typically two forms of no fee cards.
The first are authentic no annual fee credit cards which have no yearly fee for the life of the card.
However, these cards generally feature no grace period or interest free days.
The other form of card offers 44/55 days interest free, and no annual fee for the first year of use.
A number of users have requested debit cards to be added to the no annual fee comparison. This is due to a common misconception that debit cards do not have fees. While they don’t have an annual fee, they do have monthly fees which range from $3-$8 a month. This equates to the same, if not more than the cost of a standard credit card annual fee.
