Home
Credit Cards
News
Plenty of credit cards with $0 annual fee

Plenty of credit cards with $0 annual fee

30 Mar, 2018 - 2 min read

There are at least 20 credit cards that don’t charge an annual fee, according to a new analysis of the Australian credit card market.

Some of these $0 annual fee credit cards are from well-known providers such as American Express, Bank of Melbourne, BankSA, Bankwest, Citi, HSBC and ING (see table below).

Others are from smaller institutions such as Bank Australia, BankVic, Heritage Bank, Horizon Credit Union, Hume Bank, Northern Inland Credit Union, QBank, Qudos Bank and Virgin Money.

One of the standout $0 annual fee credit cards is the Hume Bank Value Visa, which charges an interest rate of 11.95 per cent and provides an interest-free period of up to 55 days.

There are also two credit cards that have an interest rate of 11.99 per cent and an interest-free period of up to 55 days – the American Express Low Rate Credit Card and QBank Bluey Card.

On a different note, Northern Inland Credit Union’s Low Rate Visa Credit Card has no annual fee and an interest rate of only 8.99 per cent – but it doesn’t offer an interest-free period.

Provider	Credit card	Standard interest rate	Interest-free days (up to)
American Express	Essential Credit Card	14.99%	55
American Express	Low Rate Credit Card	11.99%	55
American Express	Qantas Discovery Card	20.74%	44
American Express	Velocity Escape Card	20.74%	55
Bank Australia	Visa Credit Card	12.39%	55
Bank of Melbourne	No Annual Fee Visa	20.49%	55
BankSA	No Annual Fee Visa	20.49%	55
BankVic	Visa Silver	11.95%	44
Bankwest	Zero Mastercard	17.99%	55
Bankwest	Zero Platinum Mastercard	17.99%	55
Citi	Simplicity	19.99%	55
Heritage Bank	Gold Low Rate	11.80%	0
Horizon Credit Union	Visa Credit Card	12.95%	55
HSBC	Premier World Mastercard (Rewards Plus)	19.99%	55
Hume Bank	Value Visa	11.95%	55
ING	Orange One	11.99%	45
Northern Inland Credit Union	Low Rate Visa Credit Card	8.99%	0
QBank	Bluey Card	11.99%	55
Qudos Bank	Lifestyle Plus	15.85%	46
Virgin Money	No Annual Fee Card	18.99%	44

Disclaimer

This article is over two years old, last updated on March 30, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent credit cards articles.

Compare credit cards

Product database updated 28 Nov, 2024

This article was reviewed by Personal Finance Editor Mark Bristow before it was published as part of RateCity's Fact Check process.

Nick Bendel

Property & Personal Finance Writer

A property and personal finance writer, Nick Bendel covered property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.