As you compare the options on CreditCard.com.au, think about the following factors and how they may affect you: One of the biggest mistakes you can make with a no annual fee card is to carry a balance. These cards might still come with features such as the rewards programs typical of higher-fee cards, but generally the lower the fee, the fewer bells and whistles. In addition, there are no annual fee credit card offers available to people of all credit levels – from bad credit to excellent credit. If you are looking for elite benefits such as airport lounge access or travel status, you won’t find them on no annual fee cards. We also considered which cards offer 0% APR on purchases or balance transfers for a limited time, then we gave priority to cards that offer a total package that makes sense for the ways consumers spend and use credit. After that, the variable APR will be 14.74% – 24.74%%, based on your creditworthiness, If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full, There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, The same great rate for all balances, after the introductory period, Save time when you call with fast, personal help, 24 hours a day — just say “representative”, Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month, Flexible rewards program with a wide variety of redemption categories, Earn 2X Membership Rewards® points at US supermarkets on up to $6,000 per year in purchases (then 1X), Earn 2X Membership Rewards® points when you use your Card to book your trip through AmexTravel.com, Earn 1 Membership Rewards® point for every eligible dollar you spend on everything else, You can use Membership Rewards® points towards eligible charges you make on your Card, such as retail, dining, entertainment and more, Payment Flexibility: Your Card gives you the option to carry a balance with interest or pay in full each month, Use your Card 20 or more times on purchases in a billing period and earn 20% extra points on those purchases. By submitting this form you agree to our privacy policy. 0% for 24 months on balance transfer. Complimentary overseas travel insurance. Complimentary international travel insurance. No only are you paying no annual fees, you are also paying nothing in interest over the introductory period. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. Note that Capital One credit cards that do have an annual fee offer a slightly higher rewards rate on purchases. That said, cards such as the no-annual-fee. Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. That makes the Citi® Double Cash a money-saving option if you have high-interest debt to consolidate. You’ll also qualify to earn a generous welcome bonus. In some instances, annual card fees may be waived for an introductory period of time. It's a perfect fit if your business is small enough to spend less than $50,000 per year. Long 0% offer on purchases, reverts to 20.24% p.a. I will email you a response typically in 1 business day, depending on volumes. 19.99% - 29.49% Variable. Ever popular St.George Vertigo low rate credit card. for 20 months on balance transfers with no balance transfer fee. You can also benefit from a generous balance transfer offer. The more filled-in that circle or bar, the stronger the offer is. No minimum to redeem for cash back. Secure Website, On American Express's Secure We try to list as many cards as possible and are always open to adding more. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. No annual fee cards tend to have fewer extras on offer, which means less small print to keep track of. Up to 3 free additional card holders. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. However, there is no rewards program nor any welcome bonus, making this truly a "simple" card for those looking to hold a balance interest-free for a long period of time. If you plan to keep the card in the long term, make sure you can afford the standard annual fee, and that it provides good value for what’s on offer. The fee can be waived for an introductory period, or for the life of the card (often with a minimum yearly spend). Just make sure you’re prepared to pay all your credit card balances off each month so don’t pay interest on your purchases. Bonus Offer: 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – a $200 cash redemption value. Make sure you can rack up the most rewards based on where you spend the most money for starters, but also check out redemption options to see how you could cash in your points later on. No annual fee and complimentary overseas travel insurance up to 6 months. Also known as a ‘no fee’ credit card, a no annual fee card is designed to help cardholders save money. Potentially high APR depending on your creditworthiness. Compare with: Hilton Honors American Express Surpass ® Card – $95 annual fee. No Annual Fee Credit Cards can save you on the yearly costs that some credit cards charge. Thanks. Be careful of the high purchase rate and use responsibly. Marriott's no-annual-fee rewards card offers a welcome bonus as high as 50,000 points a few times per year. Is it possible to cancel these cards after the first year, or will I be locked in for a period of time? A no annual fee card can help save between $29 and $450 per year in fees. We started our research for this ranking with dozens of credit cards that don’t charge an annual fee. Take Petal 1 with you wherever you go. on balance transfers for the first 9 months. 0% p.a. Some credit cards even extend 0% APR for a limited time, letting them work as an interest-free loan. balance transfer and purchase offer for the first 12 months. And while these cards will still require the upfront cost of a refundable security deposit, you get the flexibility that comes with choosing your credit limit and setting your personal credit card budget. The biggest downside of this card is the lack of rewards, but then again, this card is geared to consumers who need to consolidate debt. Roughly 9 in 10 credit cards have no annual fee, including cards with rewards, 0% APR, no foreign transaction fee, etc. This card lets you earn a flat rate of cash back and a generous initial welcome bonus. Earn 1 Amplify point for every $1 spent on eligible purchases. introductory rate for the first 6 months. Reverts to cash advance rate. Free Global Wi-Fi at more than 1 million hotspots worldwide. While no annual fee cards tend to be basic in nature, some can offer extras such as introductory offers. It’s true, most credit cards in Australia charge an annual fee. Pay no international transaction fees for purchases you make overseas or online. Membership Rewards are valuable because of their transferability to a large number of travel partners. on balance transfers for 12 months. This is just one scoring method and a credit card issuer may use another method when considering your application. This is a rare offer from a business credit card, but it could make it possible to save money on inventory or investments for your business, or to consolidate high interest business debts to save money over time. Rewards: Earn 3 points per dollar spent on dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals and popular streaming services plus 1 point per dollar on all other purchases. No interest free days apply while you have a balance transfer). Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. The only “perks” you’ll receive include $0 liability on unauthorized charges, identity theft assistance and Lost Wallet® Service, which helps you get a new card quickly if you lose it. Annual fee waived first year. Apply by 31 Jan 21. 0% balance transfer offer. I would look at major banks. There is no one best no annual fee cash back card as each person has a unique credit profile and set of needs. 3X points on dining out and ordering in; gas, rideshares and transit; flights, hotels, … Website. We are not providing financial products. Balance transfer reverts to cash advance rate (21.49% p.a.) You can find airline cards, hotel and timeshare cards, cruise line cards and rewards cards for everyday purchases. Well, that’s how easy it is with a no annual fee Credit Card. 0% Intro APR on balance transfers and purchases for 15 months. Update your filters to get more cards to display. The Blue Business® Plus Credit Card from American Express lets you earn 2x  rewards on the first $50,000 you spend on this card each year, and you receive 0% introductory APR on purchases for 12 months (followed by a variable APR of 13.24% – 19.24%). after 24 months. The Blue Business Plus card is a rare example of a no-annual-fee way to game your rewards earnings. This card also lets you avoid interest on purchases for 18 months, which could give you some breathing room if you have some purchases to cover but don’t want to deal with paying an exorbitant interest rate for up to one year. Earn 1 CUA Platinum Rewards Point per $1 spent. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. This is especially true if you spend a lot in this card’s bonus categories, which include dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals and popular streaming services. After that, the variable APR will be 13.49% – 23.49%, based on your creditworthiness. Earn 0.75 Velocity Points per $1 spent on everyday purchases. Rates & Fees, The Blue Business® Plus Credit Card from American Express, The Lifetime Value Of A Good Credit Score, Simple rewards structure with up to 2% cash back on all purchases, No category restrictions and no cap on cash back earnings. You can also earn a generous initial welcome bonus, and you’ll get 0% APR on purchases for 15 months, followed by a variable APR of 14.99% – 23.74%. 0% p.a. The Wells Fargo Propel American Express® Card comes with no annual fee, yet it offers a very lucrative rewards structure for a wide range of purchases. The use of terms 'Best' or 'Top' are not product ratings and are subject to our Terms and Conditions of Use. The card also comes with no foreign currency fees on international purchases, online or overseas. That makes this card a good option if you make a lot of small purchases throughout the month, or if you use a single credit card for all your regular spending and bills. You’ll earn 20% in bonus rewards each billing period you make 20 or more purchases with your card, Bonus Offer: Earn 10,000 Membership Rewards® Points after you spend $1,000 in qualifying purchases on the Card within your first 3 months of Card Membership. Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. No annual fee means you don't have to pay to use the card outside of the normal interest charges found on all credit cards which you only pay if you carry a balance. Hi Bruce, AMEX are the only no annual fee rewards card that earns Qantas points. The product information provided cannot be considered comprehensive and may not contain all the features relevant to you. Here are some steps that can help you wind up with the right credit card for your needs, whether your goal is earning rewards or saving money with a low APR. I'm a real-life Mom of a two teens in the DC Metro area. Our list gives you a good place to start. Either way, if you play your cards right, you can still earn decent rewards while minimising annual fees. Card providers generally charge this fee for providing both access to credit, and access to the various features and rewards the card may offer. 10% points bonus added to the first 100,000 points redeemed annually. Benefits and Drawbacks: Citi® Double Cash Card is hard to argue against if you’re looking for a cash-back credit card with no annual fee. These cards can help you build or rebuild your credit without paying an annual fee for the privilege. This card technically earns Chase Ultimate Rewards points, but it’s marketed as a cash back card. Reverts to cash advance rate. Game your rewards further with a 10% redemption bonus plus 2x points on supermarkets and gas — with no annual fee. interest rate and pay no annual fee. Same low interest rate for purchases & cash advances. Our credit card experts will review your listing and ensure that the card is present on the site over the coming weeks. One low rate, simple. No annual fee and no interest-free period. Of the major airline rewards, its Velocity and Qantas here. When you click on the 'Go to offer' button you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site. Both what we can track and other cards we do not. Please refer to our credit guide for more information. Reverts to cash advance rate. 0% balance transfer offer. You don’t use your card that often. Apply by 30 Mar 21. Collect 1 Flybuys Point per $2 on eligible spend when you use this card. Pay no international transaction fees for purchases you make overseas or online. The Chase Freedom Flex comes with no annual fee, yet you can earn 5% back up to limits in each quarter’s bonus categories. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Best Personal Loans For Debt Consolidation. You don't need to be a BankSA customer to apply. Although of course, the annual fee isn’t the only fee associated with having a credit card. Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing. Low 12.99% p.a. 0% on balance transfers for 24 months (reverts to cash advance rate). Rewards: While rewards are rare on no annual fee cards, there are some options out there. Virgin Money No Annual Fee Card $0 No annual fee...ever. on purchases, cash advances and balance transfers plus $0 annual fee. She is also the author of Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love and the co-founder of ClubThrifty.com. 0% on balance transfer with no annual fee. Pay no annual fee the first year - save $99. Low 11.50% p.a. I want a credit card that get frequent flyer points but has a low annual fee or a free introductory one year period. Up to 4 extra card holders at $0 p.a. ongoing interest rate. 1% balance transfer fee applies. If you are looking for a solid intro APR offer and frequently spend at US supermarkets, this is the card for you. See how the Petal card stacks up. on purchases and balance transfers for 6 months (no balance transfer fee applies, reverts to the cash advance rate). If you transfer a balance, you’ll need to pay an upfront balance transfer fee of 3% of each balance transfer; $5 minimum. With a no annual fee card, you can use it when you need it, without paying an ongoing fee for the privilege. Premium complimentary insurances. Finally, consider pairing cards with no annual fee to earn more rewards. Additionally AMEX have some great no annual fee options. on purchases for 15 months. Copyright 2005- If so, you're in the right place. Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. No annual fee the first year - save $149. 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