Credit CardMain FeaturesAnnual Fee
Amex Low RateLow Rate & Shopping Protection$0
Amex EssentialEveryday Reward Points$0
Bankwest Zero Classic0% Balance Transfer Offer$0
Bankwest Zero PlatinumNo Foreign Transaction Fees$0
Virgin No Annual Fee0% Balance Transfer Offer$0
St George No Annual Fee0% Purchase Rate Offer$0
Coles No Annual FeeGroceries Purchase Points & Cashback Offer$0
Citi SimplicityEntertainment & Shopping Protection$0
Qantas American Express DiscoveryQantas Points & Shopping Protection$0

There are plenty of credit cards out there with a raft of features and the annual fee to match. However, for many of us, it’s nice to find a no-annual-fee card that gives us everything we need and nothing we don’t for a zero yearly cost.

A credit card without a fee is a good choice for those who want a backup card, don’t spend a lot monthly, and don’t carry a balance from month to month.

Searching for the best no-annual-fee credit cards can be time-consuming and overwhelming, though. Comparing the credit card benefits between cards and finding a clear winner can require sifting through heaps of long and tedious rundowns. 

So, to lend a hand, we’ve done all the heavy lifting for you. Check out our list of the best no-annual-fee credit cards in Australia right now, and also feel free to compare more no annual fee credit cards on our credit card comparison site.

American Express Low Rate

  •  Purchase Rate: 8.99% p.a.

  • Extras: Purchase Protection.

  • Annual Fee: $0.

Why We Like It:

The American Express Low Rate is a great card to have as your first go-to credit card or as a backup card for convenience.

Its no-annual-fee status is coupled with a very low purchase rate of 8.99% p.a., which is a bonus and will save you money if you can’t pay your balance every month.  

 

Extra Benefits:

We like that this AMEX allows customers to add up to 4 extra cards for family members at no cost.

Currently, it has $100 back offer when you apply online and spend $1,000 on the card by 31 December 2021. 

You’ll also feel more at ease when you shop since this card provides purchase and refund protection within 90 days. This feature covers items that break or are stolen or gives you a refund on eligible unused goods. 

Plus, purchasing items on mobile payment apps is easy with this card, as it integrates with Apple Pay, Google Pay, and Samsung Pay

 

Income Eligibility: 

The minimum income required is $50,000.

 

American Express Essential

  • Reward Points: 1.25 Reward points per $1 spent on everyday purchases. 

  • Purchase Rate: 14.99% p.a.

  •  Annual Fee: $0.

Why We Like It:

If you’re interested in saving money with a no-annual-fee card but still want to earn some reward points, consider the American Express Essential credit card. Handily, this product is like having a few different card types all rolled into one.

It comes with the abovementioned zero annual fee and boasts a lower-than-average interest rate of 14.99% p.a., on top of enabling you to earn rewards points. It’s rare to find a credit card with these power features combined.

Earn reward points as you spend with 1.25 Rewards points given out for every $1 spent on everyday purchases like coffee or groceries, etc. You also receive 1 Reward point per $1 spent with government bodies in Australia.

 

Extra Benefits: 

But wait, there’s more! We know that accidentally cracking your smartphone screen is incredibly frustrating. Thankfully, with this AMEX card, you can use the free Smartphone Screen Insurance that comes as part of the product. This facility provides users with up to $500 for screen repairs, provided the phone or contract is purchased with the credit card. 

Also, eligible items you purchase on your card are covered for 90 days by in-built purchase protection and refund protection shopping insurance.

If it’s more entertainment experiences you’re after, you’ll appreciate the fact that you can gain access to the latest and greatest events through your complimentary access to American Express Invites. This program features excellent pre-sale tickets and reserved seating offers.

Mobile payment users can also setup up their card with Apple Pay, Samsung Pay, and Google Pay.

 

Income Eligibility: 

The minimum income required is $40,000.

 

Bankwest Zero Classic

  • Balance Transfer: 0% for 34 months with a 2% transfer fee.

  • Extras: Digital card available.

  •  Annual Fee: $0.

Why We Like It:

The Bankwest Zero Classic is a simple yet effective credit card with a balance transfer offer of 0% for the first 34 months and a 2% transfer fee to worry about. (Note: this balance transfer offer is available to new credit card customers only.)

The Bankwest card has a purchase rate and balance transfer reverted rate of 14.99% p.a., and its minimum credit limit is $1,000, which makes it within reach for many customers who may not qualify for other cards.

 

Extra Benefits: 

Handily, this product comes as a digital card, too! This means that as soon as you're approved, you can access and activate your new details through the Bankwest app and start using the card right away.

*Please keep in mind that if you prefer a higher limit or more bells and whistles, we suggest checking out the Bankwest Zero Platinum card mentioned below.

 

Income Eligibility: 

There is no set minimum income required for this card.

 

Bankwest Zero Platinum

  • Extras: No foreign transaction fees & travel insurance.

  •  Balance Transfer: 0% p.a. for 34 months & a 2% transfer fee.

  • Annual Fee: $0.

Why We Like It:

The Bankwest Zero Platinum is a great credit card for travelling overseas or shopping online on foreign websites that charge in international currencies.

Not only will you save money from not having to pay an annual fee on this card, but you’ll also avoid racking up hefty overseas transactional fees since the card has no foreign transaction fees to worry about.

Even better, you’ll receive free international travel insurance when you book your overseas flights with the credit card. This benefit covers unlimited overseas emergency medical and hospital expenses, car rental up to $3,000, and more. 

The Bankwest Zero Platinum card has a purchase rate of 14.99% p.a.

There’s currently a balance transfer offer of 0% interest for the first 34 months, with a 2% transfer fee added on. Again, this opportunity is for new Bankwest credit card customers only. 

 

Extra Benefits: 

When travelling domestically, you’re also taken care of. The card includes interstate flight inconvenience insurance, which covers up to $100 for a passenger’s troubles, loss or damage to personal goods covered up to $1,000, and more).

As with the previously mentioned Bankwest card, this one also comes with a digital version, so once you're approved, simply access and activate your new credit card through the Bankwest app.

 

Income Eligibility: 

No set minimum income is required for this card.

 

Virgin No Annual Fee (BT Offer)

  • Balance Transfer: 0% p.a. for 12 months with no transfer fee.

  • Extra: Samsung Pay.

  • Anual Fee: $0.

Why We Like It:

The Virgin No Annual Fee credit card has one of the only completely fee-free balance transfer offers in the market, which is perfect for anyone trying to get on top of their credit card debt and stop paying so much in interest. 

The product offers 0% interest for 12 months on balance transfers, with no transfer fee to pay, either. If you want a complete no fee balance transfer option, this could be it. The reverted interest rate on carried-over balances after that first year is 20.99% p.a. 

The Virgin credit card has a purchase rate of 18.99% p.a. and a minimum credit limit of $2,000.

 

Extra Benefits: 

If you're an Android fan who enjoys paying via mobile, you'll be happy to hear this card integrates with Apple Pay and Samsung Pay.

 

Income Eligibility: 

The minimum income required is $25,000.

 

St George No Annual Fee

  • Purchase Rate Offer: 0% p.a. for 12 months.

  • Extra: Apple Pay.

  • Annual Fee: $0.

Why We Like It:

Its fair to describe the St George No Annual Fee as a no-thrills credit card that will get the job done.

It has a 20.74% p.a. interest rate but does provide users with up to 55 interest-free days per period.

We like that this card also has an appealing purchase rate offer of 0% for 12 months. (This offer is available to new credit card customers only). The reverted interest rate is 20.74% p.a.

 

Extra Benefits: 

Apple users can easily set themselves up for mobile payments with this card, as it works with Apple Pay.

 

Income Eligibility: 

There is no set minimum income required for this card.

 

Coles No Annual Fee

  • Reward Points: 1 Flyby point for every $2 spent on eligible purchases.

  • Cashback: $10 off your Coles shopping when 2,000 Flyby points is collected.

  • Annual Fee: $0.

Why We Like It:

This isn’t an opportunity you see too often – with this card, receive cashback on your grocery shopping! The Coles No Annual Fee credit card is perfect for regular Coles shoppers, plus get $150 off your in-store Coles Supermarket if you spend at least $1,000 within 60 days of approval. 

Bank 1 Flybuy point for every $2 spent on purchases eligible for Flybuy points.

Every time you reach 2,000 Flybuy points you will automatically redeem $10 off your Coles supermarket shopping at the checkout. This means, on top of not having to pay an annual fee, you always get money off on your groceries. A win-win!

This card’s purchase rate is 19.99% p.a., and it provides up to 55 days’ interest-free.

The product has a 0% balance transfer for 12 months offer. (These deals are available to new customers only). The remaining balance after the interest-free period ends reverts to the rate of 19.99% p.a.  

 

Extra Benefits: 

Since it integrates with the Flybuy program, you can earn points on this card and, in turn, get the chance to redeem accumulated points for things like gifts, tickets, flights, and more.

Another plus with this card is that if a purchased item should, unfortunately, break or get stolen within 90 days of you buying it, the included purchase protection should kick in, enabling you to replace the item. 

Plus, sign up for this Coles card, and you’ll enjoy access to 24/7 concierge services for travel, entertainment, and lifestyle planning and booking assistance.

 

Income Eligibility: 

The minimum income required is $25,000.

 

Citi Simplicity

  •  Shopping Protection: Purchase protection, extended warranty insurance & guaranteed pricing.

  • Interest Offers: 0% on purchases or balance transfers for 6 months. No balance transfer fee. 

  • Annual Fee: $0.

Why We Like It:

The Citi Simplicity credit card is an excellent match for shoppers who want extensive protection when purchasing goods.

This product provides a solid list of shopping cover, including purchase protection, extended warranty insurance, and guaranteed pricing.

This Citibank card’s purchase interest rate is 21.49% p.a. But, unlike other Citi credit cards, which charge $30 for late payments, the Simplicity card does not charge a payment fee. This provides you with another great way to save money.

Plus, on top, you can take up the Simplicity card’s 0% interest on purchases or balance transfers for 6 months, with no transfer fee to pay, either. (The offer is available to new credit card customers only). Any remaining unpaid balance transfers after the offer period ends revert back to an interest rate charge of 22.24% p.a and the purchase offer reverts to the standard purchase rate. 

The minimum credit limit is $6,000 on this card.

 

Extra Benefits: 

You can also use this card for its complimentary Visa Premium & Citi World Privileges membership and pick up tickets to shows, hotel discounts, and other benefits.

 

Income Eligibility: 

The minimum income required is $35,000.

 

Qantas American Express Discovery

  • Points Per $1 Spend: 0.75 Qantas points on everyday purchases. 0.5 Qantas points with Australian government bodies. 1 bonus Qantas point on Qantas purchases. 

  • Extras: Refund and purchase protections.

  • Annual Fee: $0.

Why We Like It:

Qantas American Express Discovery is another frequent flyer points pick on the list, but this time it gives you access to Qantas points.

Earn 0.75 Qantas points for every $1 spent on standard card purchases at non-government bodies. For purchases made with Australian government bodies, you’ll earn 0.5 Qantas points for every $1 spent.

Plus, you can set your points balance soaring when you spend money with Qantas. Every $1 spent on eligible Qantas products or services earns 1.75 Qantas points. Better yet, point earnings of all types are uncapped on this card.  

For purchases on this card, the interest rate is 20.74% p.a., and you’ll receive up to 44 days’ interest-free.

 

Extra Benefits: 

It’s normal to have a change of mind about a transaction after a big shopping spree or when buying a gift, etc. While a refund is typically possible, this isn’t always the case. Thankfully, Qantas AMEX Discovery cardholders who’re ever refused a refund at a retail store on an eligible item within 90 days of purchase can claim refund protection to cover themselves.

Mobile payment users will be happy to know the card is compatible with popular mobile payment apps, too. The card integrates with Apple Pay, Samsung Pay, and Google Pay

 

Income Eligibility: 

The minimum income required is $35,000.

 

We hope you found our list of the best no annual fee credit cards in Australia for 2021 helpful!

You might like to read some other, similar, credit-card lists:

Best Low Interest Rate Credit Cards  

Best Balance Transfer Credit Cards 

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