ANZ Credit Cards With No Annual Fee

Information verified correct on December 9th, 2016
ANZ Platinum Credit Card Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

If you are looking for a credit card without an annual fee, you may want to investigate the ANZ no annual fee credit card, which is called the ANZ Platinum Credit Card. You should be aware, however, that this offer is not an ongoing offer, but only applies to the first year.

These are the features of the ANZ no annual fee credit card so you can assess whether it is the right card for you.

Features of the ANZ Platinum Credit Card no annual fee credit card:

  • $0 annual fee for the first year ($87 p.a. thereafter)
  • 0% p.a. for 18 months with 3% balance transfer fee on balance transfers
  • Up to 55 days interest-free credit on purchases
  • 19.74% p.a. interest on purchases and 21.49% p.a. on cash advances
  • Spend $20,000 on eligible purchases and have your next annual fee waived
  • Twenty-four hour ANZ Falcon security protection
  • Design your own card by uploading your favourite image, or choose from ANZ's library of images
  • Visa card acceptance at over 24 million locations worldwide
  • Extended Warranty and 90-day Purchase Security Insurance
  • Online security guarantee means you won't be liable for unauthorised fraudulent internet purchases
  • Three free additional cardholders
  • Visa Entertainment, which provides access to special events, exclusive merchandise packages and home entertainment products

This ANZ no annual fee credit card is perfect for easy approval and as a student credit card.

About no annual fee credit cards:

There is sufficient competition within the credit card market at the moment that a no annual fee credit card does not mean a no other feature credit card. Many credit cards now offer many attractive features right across the board. This is great for the consumer as it gives them the choice they need to make the right application.

A no annual fee credit card will not suit everyone. Some high earners will be happy to pay an annual fee because it will open up Gold and Platinum card territory, where they can enjoy a higher credit limit and other associated perks.

Most of us, however, will be happy to avoid paying $50 or so each year, especially if we do not plan to make many transactions on the card because we only really have it for emergencies. Paying for something you rarely use is pretty galling. 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.

Whether you choose the ANZ no annual fee credit card or some other, make sure you do some comparisons first. There are some excellent deals out there, and you may not have to compromise on very much to avoid paying an annual fee.

Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or minimum $0
Overseas Cash Advance FeeThe greater of 2% of the cash advance amount or minimum $4.00
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • There is $0 annual fee charged in the first year you have this card. It then reverts to a competitive $87 every year afterwards. The annual fee is also waived if you spend more than $20,000 on the card each year.
  • Enjoy 0% p.a. for the first 18 months on balance transfers.
  • Take advantage of flexible repayment options offering discounted rates of interest for set periods of time. This is a great way to plan, budget and save.

Cons

  • There is no rewards program that comes with this card.
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Credit Cards Comparison

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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