American Express Credit Cards With No Annual Fee

Get the best-in-market credit card features, benefits and perks and pay no annual fee with American Express credit cards

American Express credit cards offer cardholders many of the perks and premium benefits in the credit card market including complimentary travel insurance, airport lounge passes and higher rewards points earned. Some of the no annual fee offers may only be for the first year so it is important to compare and decide which card is most suitable for your needs.

American Express Credit Card Offer

American Express Essential Credit Card

$0 annual fee
$50 Dining Credit at Deliveroo / Rockpool Dining Group restaurants

Offer ends 13 March 2019

Eligibility criteria, terms and conditions, fees and charges apply

American Express Credit Card Offer

The American Express Essential Credit Card offers savings and rewards with no annual fee, Membership Rewards points and a $50 Dining Credit for new card members.

  • Save on credit card costs with no annual fee and a competitive 14.99% p.a. purchase interest rate.
  • Receive a $50 Dining Credit when you spend $50 or more at Deliveroo and/or Rockpool Dining Group restaurants in the first month.
  • Earn 1 Membership Rewards point / $1 spent on eligible purchases and 0.5 / $1 for utilities, insurance, telco and government.
  • Transfer your points to 8 airline rewards partner programs including Velocity Frequent Flyer and Emirates Skywards.
  • Dining Credit offer available to new American Express Card Members only.
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American Express No Annual Fee Credit Cards Comparison

Rates last updated February 20th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
American Express Essential Credit Card
14.99% p.a.
0% p.a. for 12 months with 3% balance transfer fee
$0 p.a.
Get a $50 Dining Credit when you meet the spend requirement and Smartphone Screen Insurance of up to $500. Plus, an ongoing $0 annual fee.
American Express Velocity Escape Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
Qantas American Express Discovery Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Earn uncapped Qantas Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.

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What you need to know about no annual fee credit cards

No annual fee credit cards are normally suited to those people who do not want to pay for a card they may not use very much. The only potential problem is that the regular interest rate on these cards ranges for 16% p.a. to 20% p.a., which is up amongst the higher interest rates. You will need to assess whether saving on the annual fee is worth the higher price you may have to pay in interest should you not manage to keep a clear balance throughout the year.

A no annual fee credit card will not suit everyone, though. High earners will have no issue with paying an annual fee because it will allow them the higher credit limits and extra perks of Gold and Platinum credit cards.

Whether you choose the American Express no annual fee credit card or another card, make sure you do some comparisons first. In a recent survey, only 6% of Australians said they bothered to check out a credit card comparison site before making a credit card application. Around 50% only applied to their own bank. There are some excellent deals out there, and you may find that you can avoid an annual fee and still not have to compromise on any of the other features you most value in a credit card.

Image: American Express

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2 Responses

  1. Default Gravatar
    peterSeptember 16, 2014

    can I register an amex velocity card on pay pal

    • finder Customer Care
      IsaiahSeptember 16, 2014Staff

      Hi Peter,

      Thanks for your question,

      Paypal accepts credit cards and debit cards: MasterCard, Visa, Discover and American Express cards can be added to your PayPal account to make payments.

      These are the steps you can take to add a credit or debit card to your account:

      1. Log in to your PayPal account.
      2. Click Profile near the top of the page.
      3. Click My money.
      4. Click Update next to “Credit and Debit cards”.
      5. Click Add another card. 
      6. Enter the information and click Add Card. 

      I hope this is helpful,

      Isaiah

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