| Credit Card | Main Features | Annual Fee |
|---|---|---|
| American Express Low Rate | Low Interest Rate | $0 |
| American Express Essential | Everyday Purchase Points | $0 |
| Bankwest Zero Classic | Balance Transfer | $0 | Bankwest Zero Platinum | No Foreign Transaction Fees | $0 | Virgin No Annual Fee | Balance Transfer | $0 | St George No Annual Fee | Balance Transfer | $0 | Coles No Annual Fee | Groceries Purchase Points & Cashback | $0 | Citi Simplicity | Entertainment & Shopping Protection | $0 | Amercian Express Velocity Escape | Virgin Velocity Points & Shopping Protection | $0 | Qantas American Express Discovery | Qantas Points & Shopping Protection | $0 |
Searching online for the best no annual fee credit card can get very overwhelming. You may find yourself having to compare the benefits between cards to get a clear winner and that sometimes requires sifting through a mass of info.
To lend a hand, below we've done the heaving lifting for you and thus compared and listed the best no annual fee credit cards in Australia.
A no annual fee credit card is a good pick if you want a card with no attachments. Have one simply for the convenience, or when you don't carry a balance month to month and don't have high spending each month.
Feel free to view or compare more low annual fee credit cards listed on the Kredmo's website.
See other similar credit cards: best low interest rate credit cards or best balance transfer credit cards.
American Express Low Rate
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.
Coupled with a very low purchase rate of 8.99% p.a. along with no annual fee.
Do you pay interest on your existing credit card? You can save on paying interest for with its balance transfer offer of 0% for 12 months and 1% transfer fee.
Extra Benefits:
Suitable for mobile payments with the popular apps Apple Pay, Google Pay and Samsung Pay.
Get up to 4 extra cards for either your family members or friends for free.
In the event a purchased item unfortunately breaks or is stolen within 90 days. Its purchase protection it can replace the item (on eligible purchases only and the cover is up to $20,000 per year and $2,500 per claim with a $50 excess per claim).
When unfairly refused a refund on an unused eligible item, within 90 days its Refund Protection could reimburse you at no excess.
Income Eligibility:
The minimum income required is $50,000.
American Express Essential
Why We Like It:
The American Express Essential is like having a few different credit card types all in one.
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 three power features bundled together is a rare sight.
Earn 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.
Furthermore, it offers a balance transfer of 0% for 12 months with a 3% balance transfer fee.
Extra Benefits:
Ever experienced the shock of having your phone screen cracked? No problem, because you'll have Smartphone Screen Insurance (up to $500 for screen repairs when you buy your phone or contract with the credit card).
If a purchased item breaks or is stolen within 90 days then the purchase protection could replace it.
Have access to American Express Invites for those pre-sale tickets and reserved seating for desired events.
Finally, you have the option to setup up your mobile payments with Apple Pay, Samsung Pay and Google Pay.Pay.
Income Eligibility:
The minimum income required is $40,000.
Bankwest Zero Classic
Why We Like It:
The Bankwest Zero Classic can be considered as your basic credit card, with a balance transfer offer of 2.99% for the first 9 months and 0% transfer fee.
Has a purchase rate of 17.99% p.a. and a minimum credit limit offered is $1,000.
But, if you prefer a higher limit or more bells and whistles then we suggest to check out the Bankwest Zero Platinum below.
Extra Benefits:
Comes in the form of a digital card too. Allowing you to access and activate your new credit card through the Bankwest app, as soon as you’re approved.
Income Eligibility:
There is no set minimum income required.
Bankwest Zero Platinum
Why We Like It:
The Bankwest Zero Platinum is a great credit card for travelling overseas or online shopping on foreign websites.
Avoid racking up those overseas transactional fees with its no foreign transaction fees benefit. And it has a purchase rate of 17.99% p.a.
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).
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).
In addition, it has a balance transfer offer of 2.99% for the first 9 months and a 0% transfer fee.
Extra Benefits:
Comes in the form of a digital card too. Allowing you to access and activate your new credit card through the Bankwest app once you’re approved.
Income Eligibility:
No set minimum income is required.
Virgin No Annual Fee
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 0% transfer fee. So if you want a complete no fee balance transfer then you most definitely found it.
It has 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
Why We Like It:
The St George No Annual Fee is what's known as a no thrills credit card which some people may like.
But it does have an appealing balance transfer offer of 0% for 12 months with a transfer 1% fee.
Extra Benefits:
Usable for mobile payments with Apple Pay.
Income Eligibility:
There is no set minimum income required.
Coles No Annual Fee
Why We Like It:
The Coles No Annual Fee hands you cashback on your grocery spending and that's fantastic for the regular Coles shopper.
You can earn 1 Flyby point for every $2 spent on purchases eligible for Flyby points. And above all, get $10 off your Coles supermarket shopping at the checkout every time you redeem 2,000 flyby points.
Its purchase rate is 19.99% p.a. Do you have an existing credit card shopping balance you want to transfer over? If so, then you may be interested in its 0% for 6 months balance transfer if you apply by 31 March 2020.
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.
Income Eligibility:
The minimum income required is $25,000.
Citi Simplicity
Why We Like It:
The Citi Simplicity credit card is a great match for shoppers who want extensive protection when purchasing goods.
Its solid list of shopping protection includes purchase protection, extended warranty insurance, and guaranteed pricing.
Has a purchase interest rate of 21.49% p.a and minium credit limit of $6,000.
There's an option for a 0% balance transfer for 6 months too which has a reverted rate of 22.24% p.a.
Extra Benefits:
You'll get access to Visa Front Line Access & Citi World Privileges memberships for tickets to shows, hotel discounts and more.
Income Eligibility:
The minimum income required is $35,000.
Amercian Express Velocity Escape
Why We Like It:
The American Express Velocity Escape is a frequent flyer card that earns the popular Velocity points.
Each $1 spent earns you 0.75 Velocity points, except for government bodies that earn 0.5 Velocity points. And collect an extra 1 Velocity point per $1 spent on purchases with Virgin Australia.
Take up the opportunity of their balance transfer offer of 0% p.a. for 12 months with a %1 transfer fee.
Extra Benefits:
Included are both refund protection and purchase protection on this card to further secure yourself when shopping.
Usable with mobile payments apps Apple Pay, Samsung Pay or Google Pay.
Income Eligibility:
The minimum income required is $40,000.
Qantas American Express Discovery
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. Purchases made with government bodies in Australia will earn you 0.5 Qantas points for $1 spent.
And you'll get 1 bonus Qantas point every time you spend $1 with Qantas.
Comes with a balance transfer offer of 0% p.a. for the first 12 months and a 1% transfer fee.
Extra Benefits:
Take advantage of its refund protection on the account when refused a refund on an unused eligible item within the first 90 days of purchase.
Available on mobile payments platforms Apple Pay, Samsung Pay or Google Pay.
Income Eligibility:
The minimum income required is $35,000.
To get more similar related blogs, helpful tips and compare the best credit cards in Australia, feel free to drop your email at the bottom of our homepage.
We hope you found our list of best no annual fee credit cards in Australia for 2020 helpful!
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Kredmo Pty Ltd is not a credit provider and does not provide personal financial or professional advice or credit assistance. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. Kredmo strongly recommends that you seek independent advice before you apply for any product or service, which is described on the site/page... Read More