Australian Guide To No Annual Fee Credit Cards
Posted August 31st, 2009
and last modified November 27th, 2009When 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 $0 annual fee for the first year but from then on the annual fee is $49. 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 $30. There is also the chance to do balance transfers at a rate of 7.99%.
Low Annual Fee Credit Cards
Aussie MasterCard is offering a low annual fee of $49 and balance transfers with an interest rate of around 11% and 4.99% for the first 12 months.
St George Vertigo comes with an annual fee of $55 and offers around 11% and 0% on balance transfers for 6 months.
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.
Related posts:
- HSBC Credit Cards With No Annual Fee
- Australian Student Credit Cards Guide
- How Important Is A Credit Card’s Annual Fees?
- The Truth about No Annual Fee Credit Cards
- Commonwealth Bank Credit Cards With No Annual Fee
- How To Compare Annual Fee Credit Cards
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Editor's Choice: Our Top Credit Cards
St George Vertigo
Low Interest
Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
Coles Group Source MasterCard
Bankwest Zero Platinum MasterCard
No Annual Fee
Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers