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

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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 Velocity Escape Card

$0 annual fee

Eligibility criteria, terms and conditions, fees and charges apply

American Express Credit Card Offer

Earn uncapped points for your spending and save with an ongoing $0 annual fee and a 0% balance transfer offer for 12 months.

  • $0 p.a. annual fee.
  • 20.74% p.a. on purchases
  • 0% p.a. for 12 months with 1% BT fee on balance transfers
  • Up to 55 days interest free
  • Minimum income requirement of $40,000 p.a.
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American Express No Annual Fee Credit Cards Comparison

Updated February 19th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate 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 and save with a $0 annual fee for life and 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

    • Avatarfinder 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,


Credit Cards Comparison

Updated February 19th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Get 0% interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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