Credit CardMain FeaturesAnnual Fee
Amex Low RateLow Rate & Shopping Protection$0
Amex EssentialEveryday Purchase Points$0
Bankwest Zero ClassicBalance Transfer$0
Bankwest Zero PlatinumNo Foreign Transaction Fees$0
Virgin No Annual FeeBalance Transfer$0
St George No Annual FeeBalance Transfer$0
Coles No Annual FeeGroceries Purchase Points & Cashback$0
Citi SimplicityEntertainment & Shopping Protection$0
Qantas American Express DiscoveryQantas Points & Shopping Protection$0
HSBC PlatinumLounge Access, Travel Insurance & Points$0*

For most people, searching for the best no annual fee credit cards can be just way too time-consuming and overwhelming. Comparing the credit card benefits between cards and finding a clear winner can require sifting through a lot of long and boring pieces of info. 

So to lend a hand, below we have done all the heaving lifting in comparing and listing the best no annual fee credit cards in Australia.

A no annual fee credit card is usually a good choice if you want a backup card, don't carry a balance month to month, and don't spend big amounts each month. Feel free to view compare more no annual fee credit cards listed 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 second backup card for convenience. 

Its no annual fee is coupled with a very low purchase rate of 8.99% p.a.  

 

Extra Benefits:

At no cost you can have up to 4 extra cards for either your family members.

Feel more at ease when you shop with its purchase and refund protection. Within 90 days of purchase, covering your items that break or are stolen and refund of an unused and eligible item. 

Plus, purchasing items on mobile payment apps Apple Pay, Google Pay and Samsung Pay are available. 

 

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:

The American Express Essential is like having a few different credit card types all into one.

It comes with no annual fee, a lower than usual interest rate of 14.99% p.a. and rewards points. Seeing a credit card with these two power features combined is a rare find.

Earn yourself reward points as you spend with 1.25 Rewards point per $1 spent on everyday purchases like coffee or groceries etc. And 1 Rewards points per $1 spent at government bodies in Australia.

 

Extra Benefits: 

Accidentally cracking your smartphone screen does really suck. But now at least you can use its free Smartphone Screen Insurance (up to $500 for screen repairs when you buy your phone or contract with the credit card).

Have your purchased items within 90 days covered by its purchase protection and refund protection shopping insurances.

Plus, get to enjoy more entertainment experiences with your access to American Express Invites for pre-sale tickets and reserved seating for desired events.

And the mobile payment users can setup up their card on Apple Pay, Samsung Pay and Google Pay.

 

Income Eligibility: 

The minimum income required is $40,000.

 

Bankwest Zero Classic

  • Balance Transfer: 2.99% for 9 months with no transfer fee.

  • Extras: Digital card available.

  •  Annual Fee: $0.

Why We Like It:

The Bankwest Zero Classic can be considered as a basic credit card, with a balance transfer offer of 2.99% for the first 9 months and no transfer fee.

And has a purchase rate and balance transfer reverted rate of 17.99% p.a. Its minimum credit limit offered is $1,000.

But, if you prefer a higher limit or more bells and whistles then we suggest checking out the Bankwest Zero Platinum below.

 

Extra Benefits: 

It comes as a digital card too! So as soon as you're approved, you can access and activate your new credit card through the Bankwest app.

 

Income Eligibility: 

There is no set minimum income required.

 

Bankwest Zero Platinum

  • Extras: No foreign transaction fees & travel insurance.

  •  Balance Transfer: 2.99% for 9 months with no transfer fee.

  • Annual Fee: $0.

Why We Like It:

The Bankwest Zero Platinum is a great credit card for traveling overseas or online shopping on foreign websites.

Avoids you racking up those overseas transactional fees with its no foreign transaction fees benefit.

Even more, receive free international travel insurance when you book your flight with the credit card (covers unlimited overseas emergency medical and hospital expenses, car rental up to $3,000, and more). 

It has a purchase rate of 17.99% p.a. And a balance transfer offer of 2.99% for the first 9 months with no transfer fee.

 

Extra Benefits: 

When traveling domestically you can have cover with its interstate flight inconvenience insurance (covers up to $100 for a person, loss or damage to personal goods covered up to $1,000 for a person, and more).

It comes also as a digital card. So once you're approved, you can access and activate your new credit card through the Bankwest app.

 

Income Eligibility: 

No set minimum income is required.

 

Virgin No Annual Fee (BT Offer)

  • Balance Transfer: 0% 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 longest balance transfer terms in the market.

Offering 0% for 12 months on balance transfer with no transfer fee. So if you want a complete no fee balance transfer then you have definitely found it. And the reverted interest rate is 20.99% p.a.

It 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 then you'll be happy to hear this card is eligible with Samsung Pay. 

 

Income Eligibility: 

The minimum income required is $25,000.

 

St George No Annual Fee

  • Balance Transfer: 0% for 12 months & 1% transfer fee.

  • 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. 

Has a purchase rate of 20.74% p.a. with up to 55 interest-free days.

But it does have an appealing balance transfer offer of 0% for 12 months with a transfer 1% fee. And the reverted interest rate is 21.49% p.a.

 

Extra Benefits: 

Apple users will happy to know it's usable with Apple Pay.

 

Income Eligibility: 

There is no set minimum income required.

 

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:

Get cashback on your grocery shopping on the Coles No Annual Fee especially for regular Coles shoppers.

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

Every time you reach 2,000 Flyby points you will automatically redeem $10 off your Coles supermarket shopping at the checkout. 

Its purchase rate is 19.99% p.a with up to 55 days interest-free. If you already have a credit card that you're paying monthly interest on, then you can opt for its 0% for 18 months balance transfer with 1.5% transfer fee

 

Extra Benefits: 

Get Flybuy points and have access to redeeming your points for gifts, tickets, flights and more.

If a purchased item should, unfortunately, break or be stolen within 90 days, its purchase protection could replace the purchased item. 

You'll have access to its 24/7 concierge service for travel, entertainment or lifestyle experiences.

 

Income Eligibility: 

The minimum income required is $25,000.

 

Citi Simplicity

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

  • Balance Transfer: 0% balance transfer for 6 months & no transfer fee. 

  • Annual Fee: $0.

Why We Like It:

The Citi Simplicity is a great match for shoppers who want extensive protection when purchasing goods.

Has a solid list of shopping protection that include purchase protection, extended warranty insurance, and guaranteed pricing.

Its purchase interest rate is 21.49% p.a and a minimum credit limit of $6,000.

If you need to, take up its 0% for 6 months balance transfer with no transfer fee. Any remaining unpaid balances after the offer period ends with revert back to a rate of 22.24% p.a.

 

Extra Benefits: 

You can dip into its Visa Premium & Citi World Privileges memberships for tickets to shows, hotel discounts and more.

 

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 list but with Qantas points.

Earns you 0.75 Qantas points for every $1 spent on card purchases at non-government bodies. Then purchases made with government bodies in Australia will earn 0.5 Qantas points for every $1 spent.

Plus, with every $1 spent with Qantas you get 1 bonus Qantas point

 

Extra Benefits: 

Cardholders who are refused a refund on an eligible item within 90 days of purchase can claim its free refund protection

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

 

Income Eligibility: 

The minimum income required is $35,000.

 

HSBC Platinum

  • Extras: 2 complimentary airport lounge passes annually and travel insurance. 

  • Points Per Spend: 1 point per $1 spend on eligible everyday purchases. 2 points per $1 spend on overseas purchases. Points capped at $10,000 of spend per statement period.

  • Annual Fee: $129 p.a. or refunded if you spend over $6,000 per year.

Why We Like It:

The HSBC Platinum is handy for those who want to earn rewards and cool travel benefits. 

Collect reward points on new purchases with 2 rewards points per $1 spent overseas and 1 rewards plus point on other buys. (Points are capped at $10,000 spend per statement period.) Also, 1 reward plus point can be converted into 0.5 Velocity points. 

While the yearly access cost of the card is $129 p.a., this annual fee is refunded if you spend at least $6,000 on purchases over the year.

Enjoy 2 complimentary airport lounge passes annually to 1,100 lounges worldwide provided by LoungeKey, and access to the Home & Away Privilege Program.

You also get domestic and international travel insurance, rental vehicle insurance, and transit accident insurance.

 

Extra Benefits: 

Sign up and utilise purchase protection, extended warranty insurance, and the “guaranteed pricing” scheme, too. 

Plus, cardholders receive complimentary access to Visa Premium Benefits to buy tickets to cool events. And enjoy free membership to Frequent Values, which provides discounts offers like 20% off dining and retail savings of up to 25%.   

For mobile payments, you can easily use Apple Pay or Google Pay.  

If you’re a new customer transferring your balance, the HSBC card can save you money with its 0% interest on your transferred balance for 22 months. Plus, it has no transfer fee too. You’ll pay 21.99% per annum on transferred balances remaining after this time.

 

Income Eligibility: 

The minimum income required is a reasonable $40,000.

 

We hope you found our list of best no annual fee credit cards in Australia for 2020 helpful! 

See other similar credit card lists:

Best Low Interest Rate Credit Cards  

Best Balance Transfer Credit Cards 

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