No Annual Fee Credit Cards

Stop paying annual fees: Compare credit cards with $0 and low annual fees

Lower your credit card fees and save on yearly costs with a no annual fee credit card. This guide will walk you through how a no annual fee credit card works and how you can compare the benefits, features, and drawbacks to find the right card for you.

Although no annual fee credit cards typically have higher interest rates and may not offer the same extras as a premium card with a high annual fee, this type of card could be a useful way to manage your finances simply and without large costs. Some no annual fee cards also come with additional features such as balance transfers, rewards and frequent flyer programs. Whether the no annual fee is a promotional offer or an ongoing feature that’s available for the life of the card, you can start comparing your options to discover whether a no annual fee credit card is right for you below.

Compare types of No Annual Fee Credit Cards available

How do you compare using this table?

No annual fee credit cards provide a range of benefits including 0% on purchases and balance transfers, rewards and frequent flyer benefits.

  • To compare all no annual fee credit cards: use the ‘Compare No Annual Fee Credit Cards‘ table
  • To repay your credit card/ personal loan debt with 0% interest: use the ‘No Annual Fee & Balance Transfer‘ table
  • To earn rewards points per $1 spent and redeem for various benefits: use the ‘No Annual Fee with Rewards‘ table
  • To earn frequent flyer points per $1 spent and enjoy flight and travel perks: use the ‘No Annual Fee with Frequent Flyer‘ table
Rates last updated July 2nd, 2016
Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.)
Coles No Annual Fee MasterCard
No annual fee for the life of the card and earn 0.5 flybuys point for every $2 spent.
$0 p.a. 19.99% p.a. 0% p.a. for 6 months 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.
$0 p.a. 14.99% p.a. 0% p.a. for 12 months 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
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
Commonwealth Bank Low Rate Credit Card
This card offers a low ongoing rate of 13.49% p.a. on purchases with a balance transfer offer for 5 months and an annual fee waiver in the first year.
$0 p.a. annual fee for the first year ($59 p.a. thereafter) 13.49% p.a. 5.99% p.a. for 5 months 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
Commonwealth Bank Low Rate Gold Credit Card
A low rate card that comes with up to 55 days interest-free on purchases combined a balance transfer fee offer and $0 annual fee for the first year.
$0 p.a. annual fee for the first year ($89 p.a. thereafter) 13.49% p.a. 5.99% p.a. for 5 months Go to site More info
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
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
Commonwealth Bank Low Fee Credit Card
No annual fee for the first year with low ongoing annual fee.
$0 p.a. annual fee for the first year ($29 p.a. thereafter) 19.74% p.a. 5.99% p.a. for 5 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
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
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
$0 annual fee for life, earn 7,500 bonus Velocity points when you spend $300 in the first 3 months.
$0 p.a. 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee Go to site More info
Commonwealth Bank Gold Awards Credit Card
Get $0 annual fee for the first year and earn up to 2 Awards points for every $1 spent. Enjoy 55 days interest-free on purchases and complimentary international travel insurance.
$0 p.a. annual fee for the first year ($119 p.a. thereafter) 20.24% p.a. 5.99% p.a. for 5 months Go to site More info
Coles No Annual Fee Platinum MasterCard
Enjoy a low balance transfer offer, upgrade to a platinum card and pay no annual fee.
$0 p.a. 19.99% p.a. 0% p.a. for 6 months Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive a first year annual fee waiver and earn up to 3 Awards points per $1 spent.
$0 p.a. annual fee for the first year ($349 p.a. thereafter) 20.24% p.a. 5.99% p.a. for 5 months Go to site More info
Commonwealth Bank Low Fee Gold Credit Card
Gold card privileges such as complimentary international travel insurance with interest-free days and $0 annual fee for the first year.
$0 p.a. annual fee for the first year ($89 p.a. thereafter) 19.74% p.a. 5.99% p.a. for 5 months Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Earn up to 2.5 Awards points per dollar spent. Receive an annual fee waiver in the first year and enjoy a balance transfer offer of 5.99% p.a. for 5 months.
$0 p.a. annual fee for the first year ($249 p.a. thereafter) 20.24% p.a. 5.99% p.a. for 5 months Go to site More info
Rates last updated July 2nd, 2016
$
% p.a.

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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
American Express Essential Credit Card
Receive 0% p.a. for 12 months on balance transfers and $50 credit spend $500 within two months. Plus enjoy no annual fee for life.
0% p.a. for 12 months 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
Get a balance transfer offer of 0% p.a. for 6 months and pay no annual fee for the life of the card.
0% p.a. for 6 months 19.99% p.a. $0 p.a. Go to site More info
Commonwealth Bank Low Rate Credit Card
This card offers a low ongoing rate of 13.49% p.a. on purchases with a balance transfer offer for 5 months and an annual fee waiver in the first year.
5.99% p.a. for 5 months 13.49% p.a. $0 p.a. annual fee for the first year ($59 p.a. thereafter) Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Earn up to 2.5 Awards points per dollar spent. Receive an annual fee waiver in the first year and enjoy a balance transfer offer of 5.99% p.a. for 5 months.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
Commonwealth Bank Low Rate Gold Credit Card
A low rate card that comes with up to 55 days interest-free on purchases combined a balance transfer fee offer and $0 annual fee for the first year.
5.99% p.a. for 5 months 13.49% p.a. $0 p.a. annual fee for the first year ($89 p.a. thereafter) Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive a first year annual fee waiver and earn up to 3 Awards points per $1 spent.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($349 p.a. thereafter) 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
Commonwealth Bank Low Fee Credit Card
A low fee credit card with $0 annual fee for the first year combined with up to 55 interest-free days on purchases.
5.99% p.a. for 5 months 19.74% p.a. $0 p.a. annual fee for the first year ($29 p.a. thereafter) 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
Bankwest Zero Platinum MasterCard
This card comes with a 2.99% p.a. for 9 months on balance transfer offer, $0 foreign transaction fee, plus a $0 annual fee and complimentary travel insurance.
2.99% p.a. for 9 months 17.99% p.a. $0 p.a. Go to site More info
Commonwealth Bank Low Fee Gold Credit Card
Gold card privileges such as complimentary international travel insurance with interest-free days and $0 annual fee for the first year.
5.99% p.a. for 5 months 19.74% p.a. $0 p.a. annual fee for the first year ($89 p.a. thereafter) Go to site More info
Commonwealth Bank Gold Awards Credit Card
Get $0 annual fee for the first year and earn up to 2 Awards points for every $1 spent. Enjoy 55 days interest-free on purchases and complimentary international travel insurance.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($119 p.a. thereafter) Go to site More info
Rates last updated July 2nd, 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.
1 14.99% p.a. 0% p.a. for 12 months $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
Get a no annual fee card with flybuys points earnings.
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 and earn up to 2 points for every $1 you spend, together with a $0 annual fee. Also receive 0% p.a. for 12 months on balance transfers.
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
Commonwealth Bank Platinum Awards Credit Card
Earn up to 2.5 Awards points per dollar spent. Receive an annual fee waiver in the first year and enjoy a balance transfer offer of 5.99% p.a. for 5 months.
VISA/MC: 1 AMEX: 2.5 20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($249 p.a. thereafter) 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
Coles No Annual Fee Platinum MasterCard
Enjoy a low balance transfer offer, upgrade to a platinum card and pay no annual fee.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Commonwealth Bank Gold Awards Credit Card
Get $0 annual fee for the first year and earn up to 2 Awards points for every $1 spent. Enjoy 55 days interest-free on purchases and complimentary international travel insurance.
VISA/MC: 1 AMEX: 2 20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($119 p.a. thereafter) Go to site More info
Rates last updated July 2nd, 2016
Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Annual fee
American Express Essential Credit Card
American Express Essential Credit Card
1 $0 p.a. Go to site More info
Coles No Annual Fee MasterCard
Coles No Annual Fee MasterCard
0.5 0 $0 p.a. Go to site More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card
1 0 $149 p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
7,500 bonus points 0 1 $0 p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
7,500 bonus points 0 1 $0 p.a. Go to site More info

What is a no annual fee credit card?

A no annual fee, 0 annual fee or $0 annual fee credit card is a card that waives this annual fee charge, either for a promotional period or for the life of the card. If the card only has a low annual fee for a set period, make sure you know when it finishes and what the fee will revert to if you want to avoid any surprises.

No annual fee credit cards can suit to those people who reserve the use of their credit card for emergencies or cardholders who are able to clear their balance each month. This is because that the low annual fee is often offset by high interest rates on purchases. It’s important to ensure that the savings you make from the $0 annual fee aren’t counteracted by the other costs of the card, otherwise you’re not getting full value from the feature.

Benefits and drawbacks of no annual fee credit cards

Benefits

  • Save money on annual fees
  • Beneficial for infrequent credit card users who repay their balance in full
  • Some cards can come with offers and rewards you’d expect to pay for

Drawbacks

  • Higher ongoing interest rates
  • As with many credit cards, the late payment fees can be quite steep
  • Less features and rewards than paid equivalents

Who are no annual fee credit cards suited to?

  • You clear your balance every month. If you are not going to pay interest on an unpaid balance, then a higher interest rate is neither here nor there if it means you avoid paying an annual fee.
  • You only use your card for emergencies. If you’re only using your card for emergency purchases, you might want to avoid paying annual fee.
  • You’re without debt. Again, if you’re not in debt and unlikely to fall in debt, the higher interest rates of a no annual fee card shouldn’t have too much of an impact on your balance. This means that you’ll enjoy the full benefit of a no annual fee card.
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Types of credit cards that don’t charge an annual fee

No annual fee credit cards can provide various features such as interest-free days on purchases, balance transfer offers, reward points earnings and frequent flyer/ travelling benefits. There are some more or less suited to your needs and intended purpose. Discovering which features are applicable to your lifestyle and personal situation will allow you to find the most suitable no annual fee credit card.

1. No annual fee and balance transfer credit cards

  • With no annual fees and a low or 0% balance transfer offer, you could have a cost-free way to consolidate your debts.

Why should you get one of these cards?

  1. Pay 0% p.a. interest on your debt. If you have existing credit, store or charge card debt, you can bring this debt over to a new card and pay 0% p.a. interest for an extended period of time. This means that you can repay your debt faster without the cost of interest.
  2. Don’t pay anything extra while you’re getting your debt under control. When it comes to paying off a debt you want to give yourself the best chance possible at paying it off, and that’s where keeping your costs low can help. With no annual fee, you won’t have any ongoing costs to maintain except for your repayments.
  3. Low-cost line of credit. A no annual fee card can offer you a convenient line of credit once your balance transfer is paid off. Check to see how competitive the standard interest rates on the card are to determine whether it’s an affordable option for everyday expenses.
Virgin No Annual Fee Credit Card

Virgin Money Balance Transfer Credit Card Offer

Take advantage of a card with a no annual fee and 0% p.a. for 18 months balance transfer offer, plus a $100 cashback offer (spending criteria applies). Furthermore, you can enjoy up to 44 interest free days on purchases.

  • $0 p.a. annual fee
  • 18.99% p.a. on purchases
  • 0% p.a. for 18 months with 2% balance transfer fee on balance transfers
  • Cash Advance Rate of 20.99% p.a.
  • Up to 44 days interest free
  • Minimum Income Requirement of $25,000 p.a.

Compare no annual fee balance transfer cards

Rates last updated July 2nd, 2016
$
% p.a.

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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
American Express Essential Credit Card
Receive 0% p.a. for 12 months on balance transfers and $50 credit spend $500 within two months. Plus enjoy no annual fee for life.
0% p.a. for 12 months 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
Get a balance transfer offer of 0% p.a. for 6 months and pay no annual fee for the life of the card.
0% p.a. for 6 months 19.99% p.a. $0 p.a. Go to site More info
Commonwealth Bank Low Rate Credit Card
This card offers a low ongoing rate of 13.49% p.a. on purchases with a balance transfer offer for 5 months and an annual fee waiver in the first year.
5.99% p.a. for 5 months 13.49% p.a. $0 p.a. annual fee for the first year ($59 p.a. thereafter) Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Earn up to 2.5 Awards points per dollar spent. Receive an annual fee waiver in the first year and enjoy a balance transfer offer of 5.99% p.a. for 5 months.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
Commonwealth Bank Low Rate Gold Credit Card
A low rate card that comes with up to 55 days interest-free on purchases combined a balance transfer fee offer and $0 annual fee for the first year.
5.99% p.a. for 5 months 13.49% p.a. $0 p.a. annual fee for the first year ($89 p.a. thereafter) Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive a first year annual fee waiver and earn up to 3 Awards points per $1 spent.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($349 p.a. thereafter) 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
Commonwealth Bank Low Fee Credit Card
A low fee credit card with $0 annual fee for the first year combined with up to 55 interest-free days on purchases.
5.99% p.a. for 5 months 19.74% p.a. $0 p.a. annual fee for the first year ($29 p.a. thereafter) 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
Bankwest Zero Platinum MasterCard
This card comes with a 2.99% p.a. for 9 months on balance transfer offer, $0 foreign transaction fee, plus a $0 annual fee and complimentary travel insurance.
2.99% p.a. for 9 months 17.99% p.a. $0 p.a. Go to site More info
Commonwealth Bank Low Fee Gold Credit Card
Gold card privileges such as complimentary international travel insurance with interest-free days and $0 annual fee for the first year.
5.99% p.a. for 5 months 19.74% p.a. $0 p.a. annual fee for the first year ($89 p.a. thereafter) Go to site More info
Commonwealth Bank Gold Awards Credit Card
Get $0 annual fee for the first year and earn up to 2 Awards points for every $1 spent. Enjoy 55 days interest-free on purchases and complimentary international travel insurance.
5.99% p.a. for 5 months 20.24% p.a. $0 p.a. annual fee for the first year ($119 p.a. thereafter) Go to site More info

Learn more about and compare no annual fees balance transfer cards

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2. No annual fee credit cards with rewards

  • These cards have no annual fees plus the ability to earn rewards points, so you could be rewarded for nothing.

The benefits are obvious, so what are the things you need to watch out for?

  1. What rewards program is it linked to? Does this program offer rewards that you’re interested in redeeming? For example, is it a travel-focused program but you don’t travel often? Does it require you to spend with specific stores to earn points? Make sure the program aligns with your existing spending habits.
  2. Is the earn rate competitive? How many points can you earn per dollar? Consider how much you’ll be spending and calculate whether the potential rewards outweigh the costs.
  3. What other costs are associated with the card? Aside from the annual fee, confirm the card’s standard rates including the purchase rate, balance transfer, rate, cash advance fee and any other fees involved.
Coles No Annual Fee MasterCard

Coles No Annual Fee Credit Card Offer

Coles No Annual Fee Mastercard offers a low introductory interest rate on purchases. Plus no annual fee and earn flybuys points everywhere you spend. Every 2,000 flybuys points earns you $10 off your Coles Supermarket shop.

  • $0 p.a. annual fee
  • 19.99% p.a. on purchases
  • 0% p.a. for 6 months on balance transfers
  • Cash Advance Rate of 19.99% p.a.
  • Up to 62 days interest free
  • Minimum Income Requirement of $25,000 p.a.

Comparison of no annual fee cards with rewards

Rates last updated July 2nd, 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.
1 14.99% p.a. 0% p.a. for 12 months $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
Get a no annual fee card with flybuys points earnings.
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 and earn up to 2 points for every $1 you spend, together with a $0 annual fee. Also receive 0% p.a. for 12 months on balance transfers.
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
Commonwealth Bank Platinum Awards Credit Card
Earn up to 2.5 Awards points per dollar spent. Receive an annual fee waiver in the first year and enjoy a balance transfer offer of 5.99% p.a. for 5 months.
VISA/MC: 1 AMEX: 2.5 20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($249 p.a. thereafter) 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
Coles No Annual Fee Platinum MasterCard
Enjoy a low balance transfer offer, upgrade to a platinum card and pay no annual fee.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Commonwealth Bank Gold Awards Credit Card
Get $0 annual fee for the first year and earn up to 2 Awards points for every $1 spent. Enjoy 55 days interest-free on purchases and complimentary international travel insurance.
VISA/MC: 1 AMEX: 2 20.24% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($119 p.a. thereafter) Go to site More info

Learn more about no annual fee cards that can earn rewards points

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3. No annual fee frequent flyer credit cards

  • These cards offer no annual fees while allowing you to earn frequent flyer points

How do you compare no annual fee frequent flyer cards?

  1. Frequent flyer program. Choosing a frequent flyer program that caters to your needs will enable you to spend your hard earned points on the things that matter. Learn more about frequent flyer credit cards with our full guide.
  2. Earning points. There are two main ways to earn points, directly or indirectly. Direct earn credit cards allow you to earn points with the frequent flyer program, whereas indirect earning requires transferring from a standalone rewards program to the frequent flyer program. Credit cards also offer different earning rates. Check whether your card has a cap on the amount of points you’re able to earn and how often the points expire.
  3. Interest rates and other fees. Frequent flyer cards tend to come with less competitive rates than other standard credit cards, so ensure that the rewards offset the cost. Check if there are fees to join the rewards program or any other ongoing fees associated with the card or rewards account.
  4. Extra features. Some of these cards offer you additional features, such as complimentary insurances, promotional rates on purchases or balance transfers and even complimentary airport lounge passes. See what’s possible with these cards and how it can benefit you.
American Express Qantas Discovery Card

American Express Frequent Flyer Credit Card Offer

The Qantas American Express Discovery Card is a frequent flyer credit card that allows you to earn Qantas Points with a $0 Annual Fee.

  • $0 p.a. annual fee
  • 20.74% p.a. on purchases
  • 0% p.a. for 12 months with 1% balance transfer fee on balance transfers
  • Up to 44 days interest free
  • Minimum Income Requirement of $35,000 p.a.

Compare no annual fee frequent flyer cards

Rates last updated July 2nd, 2016
Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Annual fee
American Express Essential Credit Card
American Express Essential Credit Card
1 $0 p.a. Go to site More info
Coles No Annual Fee MasterCard
Coles No Annual Fee MasterCard
0.5 0 $0 p.a. Go to site More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card
1 0 $149 p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
7,500 bonus points 0 1 $0 p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
7,500 bonus points 0 1 $0 p.a. Go to site More info

Cards with no annual fees and allow you to earn frequent flyer points

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4. No annual fee and no foreign transaction fee credit cards

  • These are cards with no annual fees plus no foreign transaction fees, which can come in handy if you’re planning an overseas trip.

What you need to know about these credit cards

  1. What foreign transaction fees might apply? Some fees you can expect when using your card overseas includes currency conversion fees, foreign exchange fees, overseas ATM withdrawal fees and foreign transaction fees.
  2. What other features come with the card? Do you have any other features that you want from your credit card? Rewards points, travel insurance, purchase protection and other premium features can all be yours, depending on the card you choose.
  3. Is the card competitively priced? What will you be paying in interest if you don’t pay back your balance in full? Does the card offer any promotional rates for purchases or balance transfers? Look at how much the card will cost you to own — as a no annual fee product, it shouldn’t cost you much.
Bankwest Zero Platinum MasterCard

Bankwest Zero Platinum

Bankwest offers no annual fee with the Zero Platinum card, ideal for shopping online and as a travel credit card. There are no international transaction charged when you make a purchase or cash withdrawal in a foreign currency.

  • $0 p.a. annual fee
  • 17.99% p.a. on purchases
  • 2.99% p.a. for 9 months on balance transfers
  • Cash Advance Rate of 21.99% p.a.
  • Up to 55 days interest free

A comparison of no annual fee cards with no foreign transaction fees

Rates last updated July 2nd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) 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. 2.99% p.a. for 9 months $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 p.a. Go to site More info

Learn more about and compare cards with no annual fees and no foreign transaction fees

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How do you compare no annual fee credit cards?

  • Annual fee. Check whether the $0 annual fee is a promotional offer for the first year or an ongoing deal.
  • Interest rate. When looking at the interest rate, check the interest rate on purchases, balance transfers and cash advances. You want to make sure that the cost of the interest doesn’t outweigh the savings you’ve made from paying no annual fee.
  • Additional benefits. No annual fee credit cards can include a range of benefits and features including balance transfers, frequent flyer benefits and rewards programs. A common offer from banks is to provide the annual fee waiver only for the first year, so make sure you check the terms around the no annual fee offer.
  • Interest-free days. Along with an annual fee waiver, interest-free days can be an ideal feature to help you manage your monthly expenses. You receive interest-free days if you pay your balance in full.
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Q&As about no annual fee credit cards from our users

When is the annual fee charged and is there a catch?

If I have a credit card with a promotional annual fee offer, can I cancel the card before having to pay the annual fee?

As long as you don’t have a balance on the card and cancel the card before the annual fee is applied, you should be able to cancel your card without incurring a fee. You might want to contact your provider to confirm exactly when the annual fee is charged so you don’t accidentally pay it and then cancel the card.

Will I ever have to pay an annual fee with a no annual fee card?

If the annual fee is a promotional offer, you’ll have to start paying an annual fee once the promotion ends. Make sure you know what the annual fee will revert to and when it will be charged to avoid any surprises.

When do you normally pay the annual fee on a credit card?

The annual fee is charged upon account activation and is payable by the first statement date/ first credit card bill. Annual fees can be repaid as quickly as you choose, by making a payment to your credit card account.

Q&As about comparing no annual fee credit cards

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 fees that come with the card. Make sure that the card is an affordable and functional way to manage your finances.

Are there any hidden fees or charges?

Are there any other hidden fees that make up for the free cost?

There aren’t any “hidden fees”, but no annual fee credit cards sometimes come with higher interest costs. It’s important to check the terms of the no annual fee period to see whether it’s just in place for a short period (eg: the first year) or for the lifetime of the card. It’s important to note that whilst the card may not have an annual fee, other standard credit card fees may apply.

No annual fee credit cards for travelling

Which no annual fee credit cards are suitable for travel?

Travel credit cards offer benefits such as no currency conversion fees, no ATM withdrawal fees and complimentary travel insurance.

Can I get complimentary overseas travel insurance on a no annual fee credit card?

Yes, some cards offer this great money saving feature. Usually this cover is triggered by paying for part or all of the trip on your card. See your card’s terms and conditions for details.

Other Q&As about no annual fee credit cards

Is there a business credit card with no annual fee?

Business credit cards can offer no annual fee promotions. See this page for comparing business credit cards.

Can you get a no annual fee credit card with bad credit?

Having a bad credit rating can hinder 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.

At what point does paying a credit card annual fee become worth it?

Calculating the points earned from your credit card spending and the value you are receiving against the annual fee, will assess whether you are breaking even with the cost of receiving the frequent flyer benefits on the card.

Can I get a card that charges no annual fee, interest or charges if I don’t use the card?

Yes, this is what no annual fee credit cards are all about. They don’t charge you money if you don’t use the card which is perfect for infrequent credit card users.

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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
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149
More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card

Interest rate

13.99

Annual fee

59
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
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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 July 2nd, 2016
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.
14.99% p.a. 0% p.a. for 12 months $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.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Interest Visa Card offers 0% p.a. purchase and balance transfer offers for 15 months. Also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 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.

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