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Find all the features listed to make the best choice possible.
 Competitive rate of 18.99% p.a. on purchases and absolutely low balance transfer rate of 2.9% p.a for the first 6 months. |
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| $0 Annual Fee for first year ~ APR & Balance Transfer Rate 0% p.a.for first 6 months ~ Overseas Travel & Medical Insurance. |
Balance Transfer rate is 20.99% p.a. after introductory 6 months. |
| No Annual Fee EVER ~ 4.99% p.a.~ Balance Transfer rate for 12 months ~ Travel insurance. |
No Rewards program |
No Annual Fee Credit Cards
No annual fee credit cards are exactly what they say they are: cards that incur no ongoing yearly account maintenance fee.
The annual fee is often used by credit card companies to make up for some other costly or, at least, low profit-making features that they are providing, such as rewards programs or low interest rates.
When A No Annual Fee Card Make Most Sense
A no annual fee credit card can be attractive for people that don’t use their card a lot and therefore find it hard to justify paying $100, for example, for something they only use a few times per year.
For Australians that use their credit cards frequently – in some cases every day – it's much easier to spread the cost of the card over the high volume of purchases you make and justify it that way.
Consider Other Factors
For most Aussies a no annual fee credit card might be a "nice to have" feature but it won’t be make or break for their decision.
Most people don’t mind paying a small fee if they can save money or get perks in other ways, such as a 55-day interest free period (potentially saving a lot more per year than a $50 annual fee), a low APR that saves interest payments each year or a great frequent flyer program.
The Lower Bills Promise
We can't promise you'll be approved but we can promise to provide you with the right information so that you apply for the best credit cards possible!
Disclaimer: LowerBills.com.au is a third party reviewer of Australia's financial sector and has no direct affiliation or legal liability with Australian banks. While we make a modest attempt to be up to date and accurate on all published material, there is an inherent delay between the banks and us.
LowerBills.com.au collects information for many Australian credit card products; please note that this data represents only a limited group of credit cards available in the Australian market. We recommend you seek the advice of your own financial adviser before making a decision on a product from the information you have obtained from this website.
