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Bank Australia No Annual Fee Visa Credit Card

Sally McMullen
Sally McMullen
Last updated:  

Take advantage of a $0 annual fee, competitive interest rate and up to 55 interest-free days with the Bank Australia No Annual Fee Visa Credit Card.

The Bank Australia No Annual Fee Visa is a $0 annual fee credit card that also offers a low variable rate of 12.39% p.a. for both purchases and cash advances. If you pay your balance in full by the due date on each statement, you can also enjoy up to 55 days interest-free on purchases, allowing you to save even more on credit card costs.

12.39% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameBank Australia Visa Credit Card
Purchase rate12.39% p.a.
Annual fee$0
Interest-free period55 days
Cash advance rate12.39% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo

Pros

  • $0 annual fee for the life of the card
  • Low variable interest rate of 12.39% p.a. on purchases and cash advance
  • Instant transfers between your Bank Australia savings account and credit card
  • Accessibility with Apple Pay or Google Pay

Cons

  • No rewards program
Annual fee$0
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$0
Foreign currency conversion fee3%
Cash advance fee$3.50
Overseas cash advance fee$3.50
Overseas ATM withdrawal fee$3.50

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bank Australia No Annual Fee Visa card is one of the few cards that offers both $0 annual fee and a low purchase interest rate. This can help you cut credit card costs if you usually carry your balance from month to month. If you do pay your balance in full by the statement due date, you can enjoy even bigger savings with up to 55 interest-free days on purchases.

How to apply

You can apply for the Bank Australia No Annual Fee Visa credit card online. Check if you meet the eligibility requirements and that you have the information you'll need to complete the application before you get started.

Eligibility criteria

  • Income. You must earn a regular income.
  • Credit history. You'll need a good credit score and have maintained a good credit history for the last 5 years.

Card benefits

  • No annual fee. The Bank Australia No Annual Fee Visa Credit Card has an annual fee of $0 p.a., meaning you pay no ongoing fee for this account.
  • Competitive interest rate. This credit card has a variable interest rate of 12.39% p.a. for all transactions, making it easier to calculate possible interest charges and manage your payments.

Rates & fees

  • Cash advance fee. If you use the Bank Australia No Annual Fee Visa to get money from an ATM or for another cash advance transaction, you'll be charged a fee worth $3.50. Cash advances also aren't eligible for any interest-free days, so you'll pay interest from the time the transaction is made.
  • Overseas ATM withdrawal fee. When you use this card to withdraw cash overseas, a fee of $3.50 will apply. This is in addition to the cash advance fee.

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55 Comments

    Default Gravatar
    Sonia
    October 21, 2019

    Im on a pension i got a good record on credit card can i apply for this card?

    Reply
      Default Gravatar
      Nikki
      October 23, 2019

      Hi Sonia,

      Thanks for your comment. It’s great to know you have a good credit history. Note that you must have maintained a good credit score an credit history for the last 5 years. It’s also a good idea to check your credit score on our page. Click the link here.

      To get started with your application, it is important to check first the part of our page above saying “How to apply” before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

      Reply
    Default Gravatar
    Liam
    August 16, 2019

    Does the minimum monthly repayment mean that I will have to pay at least $20 every month, even if my account balance is $0?

    Reply
      Default Gravatar
      Ash
      August 17, 2019

      Hi Liam,

      Thank you for contacting Finder.

      If you no longer a balance on your account, you do not need to pay the minimum repayment amount. This only applies if you have a balance/ debt on your Bank Australia No Annual Fee Visa Credit Card.

      I hope this helps.

      Please do not hesitate to reach out again to us.

      Cheers,
      Ash

      Reply
    Default Gravatar
    GARY
    January 13, 2018

    Do you charge a fee on low income or pension income?

    Reply
      Avatarfinder Customer Care
      Rench
      January 16, 2018

      Hi Gary,

      Thanks for your inquiry. Please note that we are not affiliated with Bank Australia or any company we feature on our site and so we can only offer you general advice.

      Here’s the eligibility Criteria to apply for Bank Australia No Annual Fee Visa Credit Card:

      – You must be over the age of 18.
      – You must be an Australian citizen or a permanent Australian resident.
      – You must earn a regular income and must not have ever been bankrupt.
      – You must have a good credit rating.

      There’s no fee indicated if you have a low income or pension income.

      You can also have a look on this pages for credit cards that you can compare if you have a low income or pension income:

      https://www.finder.com.au/credit-cards/low-income-credit-cards
      https://www.finder.com/credit-cards-for-retired-and-pensioner-applicants

      Best regards,
      Rench

      Reply
    Default Gravatar
    Matt
    November 18, 2017

    Can I have a second card holder on the Bank Aus no fee credit card? Are there any costs for this second card?

    Reply
      Default Gravatar
      Arnold
      November 19, 2017

      Hi Matt,

      Thanks for your inquiry

      You may be able to request a second card from a different cardholder. Additional cardholders will have their own card PIN. You may contact the bank directly to request this. You may visit them at their office or try calling them.

      Hope this information helps

      Cheers,
      Arnold

      Reply
    Default Gravatar
    Ruth
    May 27, 2017

    Is there a transaction limit on Bank Australia’s Visa Credit Card?

    Reply
      Avatarfinder Customer Care
      Jason
      May 27, 2017

      Hi Ruth,

      Thank you for your enquiry.

      There is a daily transaction limit on the Visa Credit Card of Bank Australia. A daily transaction limit of $1,000 for ATM/EFTPOS cash withdrawal applies. For Internet banking, a daily transaction limit of $50,000 applies for both internal transfers and Bill Pay and a daily transaction limit of $10,000 for both external and international transfers. However, you may apply to increase any of these limits at any time.

      I hope this helps.

      Kind regards,
      Jason

      Reply
    Default Gravatar
    ray
    November 17, 2016

    Can I pay off another card with it?

    Reply
      Avatarfinder Customer Care
      May
      November 18, 2016

      Hi Ray,

      Thanks for your question.

      Are you referring to using a credit card in paying off your credit card account bill with Bank Australia? If so, you will need to contact BA directly to help you in setting up an electronic payment for your account.

      Cheers,
      May

      Reply
    Default Gravatar
    Mrboss
    October 18, 2015

    I would like a visa?

    Reply
      Avatarfinder Customer Care
      Arra
      October 19, 2015

      Hi Mrboss,

      Thanks for your inquiry.

      You may like to refer to this page for more Visa credit card options.

      I hope this has helped.

      Cheers,
      Arra

      Reply
    Default Gravatar
    gail
    May 26, 2015

    Hi,
    Can you please clarify whether or not there are interest free days with your card. I intend to pay full balance on the due date. The wording in your information is quite confusing as it refers to 55 interest free days and no interest free days.
    Kind regards gail

    Reply
      Avatarfinder Customer Care
      Jonathan
      May 27, 2015

      Hi Gail, thanks for your inquiry and taking the time out to let us know about the wording.

      There are up to 55 days interest free on purchases available with this credit card.

      Cheers,

      Jonathan

      Reply
    Default Gravatar
    Francis
    May 9, 2015

    Why is this card not listed on your ‘No Annual Fee’ or Low Interest Rate’ card types? The Me Bank MC is also not listed in these and it has one of the lowest rates without being a balance transfer option. For a comparison service, why are you leaving out these products?. Are there any other credit cards that have no annual fee and interest under 15% that are not listed or do I have to got through the card providers one by one?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      May 13, 2015

      Hi Francis,

      Thanks for your question.

      We aim to provide a comprehensive review of credit cards in the Australian market, which is the purpose of our review pages. Unfortunately having each and every credit card in the Australian market, due to the sheer number, isn’t a possibility in our comparison tables, which is why we have all the details available on our credit card review pages and provider pages so you can have all the information at your disposal and use it to come to a decision.

      I hope this has helped.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Rod
    February 20, 2015

    are age pensioners eligible for the visa credit card ?

    Reply
      Avatarfinder Customer Care
      Jonathan
      February 20, 2015

      Hi Rod, thanks for your inquiry!

      If you meet application requirements you will be eligible for Bankmecu’s Visa Credit Card.
      The application requirements are as follows;
      Have a good credit rating.
      Be over the age of 18.
      Be a permanent Australian resident.
      You must currently earn a regular income.

      Cheers,

      Jonathan

      Reply
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