Australian Guide To No Annual Fee Credit Cards

Featured No Annual Fee Credit Card

With the HSBC Credit Card you can forget about paying any expensive annual fees each year and enjoy a $0 annual fee for the life of the card. Also pay off any credit card debt you have by taking advantage of this card’s balance transfer offer of 0% p.a for the first 6 months.

• $0 annual fee
• 16.99% p.a. on purchases
• 0% p.a. for 6 months on balance transfers
• Cash Advance Rate of 20.75%
• 55 days interest free on purchases

Click here to read the HSBC Credit Card terms and conditions

When a person is looking to make an application for a credit card, they look at all the costs involved from the annual fees and interest rates to the over limit and overdue fees. Here is a guide to No Annual Fee Credit Cards which are available from Australia banks.

The saving can be quite significant as annual credit card fees range anywhere between $0 and $300. Another point to look for with a No Annual Fee Credit Card is the length of term of the No Annual Fee because for some cards it is just an introductory offer.

No Annual Fee Credit Cards

On offer is the American Express Sky Blue credit card with No Annual Fee which has a popular rewards program that allows points to be transferred into free flights. The card does have a higher than average interest rate at 20%, but if you are fully paying your balance each month this would not be a problem.

No Annual Fee Credit Cards for the first year

Currently in Australia some credit card providers are offering No Annual Fee for the first year.

Woolworth’s Everyday Money Card is one such card. The offer on this card is a $0 for the first year ($49 per year after that)annual fee. Woolworth’s cards are well known for their rewards program which works with partner stores as well.

The ANZ First Visa Card is offering a No Annual Fee for the first year and then it reverts to the standard annual fee of $0 for the first year ($30 p.a. after). There is also the chance to do balance transfers at a rate of 7.99% p.a. for 6 months.

No Annual Fee For Life Credit Cards

These credit cards help you save as you don’t ever have to pay an annual fee for the entire life of the card.

The HSBC Credit Card is currently offering a $0 annual fee for life plus a 3.99% p.a. for 9 months balance transfer offer.

Low Annual Fee Credit Cards

Aussie MasterCard is offering a low annual fee of $49 and balance transfers with an interest rate of around 2.99% for 6 months (reverts to 12.99%).

St George Vertigo comes with an annual fee of $55 and offers around 12.49% on purchases and 2.99% p.a. for 6 months on balance transfers.

There are many different credit cards on the market and this Australian Guide To No Annual Fee Credit Cards gives you some idea of how they work but it would pay to research others and see what charges and benefits will suit you the best.

• Comparison of Top 10 Credit Card Offers

Editor's Choice: Our Top Credit Cards

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)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0