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No Annual Fee Credit Cards in Australia

Here are 4 no annual fee credit cards in Australia. They are perfect for beginners and people who want to pay $0 credit card annual fees. On this page we will go through the Kogan credit card, Qantas American Express Discovery card, the American Express Velocity Escape card and the Coles credit card.

1. The Qantas American Express Discovery Card

Earn Qantas Points and enjoy $0 Annual Card Fee

Card refund and purchase cover

Earn 1.75 Qantas points per $1 spent on Qantas products and services

Earn 0.75 Qantas points per $1 on purchases outside of government bodies

Earn 0.5 Qantas points per $1 spent at government bodies in Australia

Up to 44 days interest free
0
annual fee
0.75
per $1 spent outside of government bodies
44
days interest free
23.99
interest after interest free period

2. The American Express Velocity Escape

$0 annual fee

Earn 1.75 Velocity points per $1 spent on eligible purchases at Virgin Australia

Earn 0.75 Velocity points per $1 spent on card purchases outside of government bodies

Earn 0.5 Velocity points per $1 spent on purchases at government bodies in Australia

Card refund and purchase cover

Up to 55 days interest free

23.99% p.a. interest rate on purchases after interest free period
0
annual fee
0.75
per $1 spent outside of government bodies
55
days interest free
23.99
interest after interest free period

3. Coles No Annual Fee Card

$0 annual fee

Complimentary insurance on your purchases if they are permanently lost, stolen or accidentally damaged

Earn 1 Flybuys point per $2 spent on eligible purchases

$10 off your Coles supermarket shop when you redeem 2,000 Flybuys points

Up to 55 days interest free

0% p.a. on purchases for 15 months and then 19.99% p.a. thereafter
0
annual fee
1
per $2 spent
55
days interest free
19.99
interest after interest free period

4. The Kogan Money Black Card

$0 annual fee

$400 Kogan credit when you spend $1,500 on eligible purchases in 90 days

Earn 2 points per $1 spent on your eligible purchases at Kogan

Earn 1 point per $1 spent on your everyday purchases

Complimentary Kogan First Membership

Up to 55 days interest free

20.99% p.a. interest rate on purchases after interest free period
0
annual fee
400
Kogan credit
55
days interest free
20.99
interest after interest free period

Frequently asked questions

Can I avoid an annual fees on a credit card?

You can avoid credit card annual fees by choosing cards with no annual fees, like the no annual fee credit cards on this page.

Some credit cards waive their annual fees for limited time periods or if you meet the eligibility requirements. So it may be worth looking into the terms and conditions to see what each card has to offer.

Is having no annual fees on a credit card a good?

Having no annual fee on a credit card can be good for some people, especially if they don’t plan on using the card frequently or if they don’t want to pay a fee each year for having the card. For others, a credit card with a fee might be worth it if it provides rewards or benefits that they value, such as cash back, travel rewards, or other perks.

It’s important to weigh the costs and benefits of a credit card, including its annual fee, when deciding whether it’s a good option for you. Consider factors such as your spending habits, the rewards you can earn, as well as any other fees or charges, before making a decision.

Is there a lifetime free credit card?

Yes, there are some credit cards which have no annual fees. However, some no annual fee credit cards can have other costs which are still associated with the card.

It’s important to carefully review the terms and conditions of a credit card, including all fees and charges, before applying or accepting an offer. You should also consider your spending habits and financial goals when choosing a credit card, and make sure the rewards and benefits of the card align with your needs.

Do credit cards impact your credit score?

Paying off your full credit card balance each month on time may positively affect your credit score, but not paying back the full balance owing on time may negatively impact your credit score. That’s why it’s important to keep on top of your payments and try to pay off the balance in full and on time each month.

Do you need to pay interest on your credit card?

With every credit card, there’s usually an interest free period of up to 44 days or 55 days, whereby if you pay back the full balance owing on your statement before the interest free period, then no interest is charged.

However, if you don’t pay back the full balance owing before the interest free period, then interest will be charged on the balance owing on your statement. That’s why it’s important to keep on top of your credit card statements and try to pay back the full balance owing each month before the end of the interest free period.

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Hey, I’m Queenie.

I’m a licensed personal finance content creator. My mission is to help your money go further and I do this by creating educational videos to help inspire you to create a better financial future for yourself and your community.

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