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.

American Express Platinum Edge Credit Card - NAF offer - (April&May)

No Annual Fee Credit Card Offer

The American Express® Platinum Edge Credit Card offers a complimentary domestic return flight every year, no annual fee for the first year and up to 3 points per $1 on your everyday spend.

  • $0 annual card fee for the first year ($195 thereafter). New card members only.
  • Complimentary domestic and international travel insurance cover.
  • 0% p.a. on balance transfers for the first 12 months with a one-off 1% credit plan establishment fee.
  • Up to 4 Supplementary Cards with no annual fee.
    Apply by 30 May 2016. Conditions apply. See website for details.

    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 May 25th, 2016
    Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.)
    American Express Platinum Edge Credit Card
    Receive 5,000 Membership Rewards Bonus Points and no annual fee for the first year. Plus, enjoy 0% p.a. for 12 months on balance transfers. Apply by 30 May 2016.
    $0 p.a. annual fee for the first year ($195 p.a. thereafter) 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee 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
    Coles No Annual Fee MasterCard
    No annual fee for the life of the card and earn 0.5 flybuys points per dollar spent. $100 discount Supermarket offer for approved applicants.
    $0 p.a. 19.99% p.a. 0% p.a. for 6 months 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
    ANZ Frequent Flyer Black
    Earn up to 75,000 bonus Qantas Points when you spend $2,500 within the first three months and 1.5 points per $1 spent. Get complimentary airport lounge access, 24/7 concierge with $0 annual fee in the first year.
    $0 p.a. annual fee for the first year ($425 p.a. thereafter) 19.99% p.a. Go to site More info
    Coles No Annual Fee Platinum MasterCard
    Enjoy a low balance transfer offer, upgrade to a platinum card, receive $100 off a single Coles Supermarket shop and pay no annual fee. Eligible applicants only.
    $0 p.a. 19.99% p.a. 0% p.a. for 6 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 Small Business Credit Card - Low Rate
    Get $250 cash back if you apply by 30 June 2016 and spend $500 on eligible purchases before 31 July 2016. A business credit card with $0 annual fee, a low ongoing interest rate with higher credit limits.
    $0 p.a. 14.55% p.a. 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
    Rates last updated May 25th, 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
    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
    ANZ Platinum Credit Card
    A low interest rate offer on balance transfers with a $0 annual fee for the first year.
    0% p.a. for 18 months with 3% balance transfer fee 19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
    Rates last updated May 25th, 2016
    Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    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 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
    American Express Platinum Edge Credit Card
    Receive 5,000 Membership Rewards Bonus Points and no annual fee for the first year. Plus, enjoy 0% p.a. for 12 months on balance transfers. Apply by 30 May 2016.
    5,000 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. annual fee for the first year ($195 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.
    VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 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
    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
    Rates last updated May 25th, 2016
    Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    ANZ Frequent Flyer Black
    ANZ Frequent Flyer Black
    75,000 bonus points 0.75 1.5 19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
    American Express Essential Credit Card
    American Express Essential Credit Card
    1 14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
    Coles No Annual Fee MasterCard
    Coles No Annual Fee MasterCard
    0.5 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
    American Express Platinum Edge Credit Card
    American Express Platinum Edge Credit Card
    5,000 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card
    1 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
    American Express Velocity Escape Card
    American Express Velocity Escape Card
    7,500 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    ANZ Rewards Black Credit Card
    ANZ Rewards Black Credit Card
    75,000 bonus points 1.25 3 18.79% p.a. $0 p.a. annual fee for the first year ($375 p.a. thereafter) Go to site More info
    American Express Qantas Discovery Card
    American Express Qantas Discovery Card
    7,500 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    ANZ Frequent Flyer Platinum
    ANZ Frequent Flyer Platinum
    50,000 bonus points 0.5 1.5 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
    ANZ Frequent Flyer
    ANZ Frequent Flyer
    25,000 bonus points 0.5 1 19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
    ANZ Rewards Credit Card
    ANZ Rewards Credit Card
    25,000 bonus points 0.75 1.5 18.79% p.a. $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
    ANZ Rewards Platinum
    ANZ Rewards Platinum
    50,000 bonus points 1 2 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) 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 May 25th, 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
    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
    ANZ Platinum Credit Card
    A low interest rate offer on balance transfers with a $0 annual fee for the first year.
    0% p.a. for 18 months with 3% balance transfer fee 19.74% p.a. $0 p.a. annual fee for the first year ($87 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 $15,000 p.a.

    Comparison of no annual fee cards with rewards

    Rates last updated May 25th, 2016
    Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    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 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
    American Express Platinum Edge Credit Card
    Receive 5,000 Membership Rewards Bonus Points and no annual fee for the first year. Plus, enjoy 0% p.a. for 12 months on balance transfers. Apply by 30 May 2016.
    5,000 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. annual fee for the first year ($195 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.
    VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 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
    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

    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 May 25th, 2016
    Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    ANZ Frequent Flyer Black
    ANZ Frequent Flyer Black
    75,000 bonus points 0.75 1.5 19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
    American Express Essential Credit Card
    American Express Essential Credit Card
    1 14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
    Coles No Annual Fee MasterCard
    Coles No Annual Fee MasterCard
    0.5 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
    American Express Platinum Edge Credit Card
    American Express Platinum Edge Credit Card
    5,000 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card
    1 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
    American Express Velocity Escape Card
    American Express Velocity Escape Card
    7,500 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    ANZ Rewards Black Credit Card
    ANZ Rewards Black Credit Card
    75,000 bonus points 1.25 3 18.79% p.a. $0 p.a. annual fee for the first year ($375 p.a. thereafter) Go to site More info
    American Express Qantas Discovery Card
    American Express Qantas Discovery Card
    7,500 bonus points 0 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
    ANZ Frequent Flyer Platinum
    ANZ Frequent Flyer Platinum
    50,000 bonus points 0.5 1.5 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
    ANZ Frequent Flyer
    ANZ Frequent Flyer
    25,000 bonus points 0.5 1 19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
    ANZ Rewards Credit Card
    ANZ Rewards Credit Card
    25,000 bonus points 0.75 1.5 18.79% p.a. $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
    ANZ Rewards Platinum
    ANZ Rewards Platinum
    50,000 bonus points 1 2 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) 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 May 25th, 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 fees sometimes come with higher interest costs. Also, if the annual fee is only in place for a promotional period, you can expect a higher fee to kick once the offer finishes.

    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
    ME Bank frank Credit Card
    ME Bank frank Credit Card

    Interest rate

    9.99

    Annual fee

    0
    More info
    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
    St.George Vertigo Platinum
    St.George Vertigo Platinum

    Interest rate

    12.74

    Annual fee

    99
    More info
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    Read more on this topic

    Ask a Question

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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 May 25th, 2016
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    St.George Vertigo Platinum
    A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 0.99% p.a. for 4 months with a low annual fee.
    0.99% p.a. for 4 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $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.
    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
    ANZ Frequent Flyer Black
    Earn up to 75,000 bonus Qantas Points when you spend $2,500 within the first three months and 1.5 points per $1 spent. Get complimentary airport lounge access, 24/7 concierge with $0 annual fee in the first year.
    19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) 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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