Here are 5 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 American Express Essentials card, the Kogan credit card, Qantas American Express Discovery card, the American Express Velocity Escape card and the Coles credit card.
No Annual Fee Credit Cards in Australia
1. The American Express Essentials Card
0
annual fee
0
back on your statement
55
days interest free
18.99
interest after interest free period
2. The Kogan Money Black Card
0
annual fee
400
Kogan credit
55
days interest free
20.99
interest after interest free period
3. The Qantas American Express Discovery Card
0
annual fee
0.75
per $1 spent outside of government bodies
44
days interest free
4. The American Express Velocity Escape
0
annual fee
0.75
per $1 spent outside of government bodies
55
days interest free
23.99
interest after interest free period
5. Coles No Annual Fee Card
0
annual fee
1
per $2 spent
55
days interest free
19.99
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.
