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 No Annual Fee Credit Cards Comparison

Rates last updated December 12th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) 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 Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with this card. Plus, a $0 annual fee for life.
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.
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.

Compare up to 4 providers

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.

Back to top
Was this content helpful to you? No  Yes

Related Posts

NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99
Woolworths Everyday Platinum Credit Card
Woolworths Everyday Platinum Credit Card

Interest rate

19.99

Annual fee

49

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

2 Responses

  1. Default Gravatar
    peterSeptember 16, 2014

    can I register an amex velocity card on pay pal

    • Staff
      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

Ask a question