Bank Australia No Annual Fee Visa Credit Card

Last updated: Nov 5, 2020

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 Name	Bank Australia Visa Credit Card
Purchase rate	12.39% p.a.
Annual fee	$0
Interest-free period	Up to 55 days on purchases
Cash advance rate	12.39% p.a.
Min credit limit	$1,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

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

Bonus points	N/A

Annual fee	$0
Minimum monthly repayment	2.5% of the closing balance or $20, whichever is greater
Late payment fee	$0
Foreign currency conversion fee	3%
Cash advance fee	$3.50
Overseas cash advance fee	$3.50
Overseas ATM withdrawal fee	$3.50

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

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.

This card is suited to people who want a convenient line of credit without forking out for fees. However, the low interest rates and fees are a trade off for the extra features and rewards that you might expect with a more expensive card.

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.

Residency status. You must be an Australian citizen or a permanent Australian resident.
Age. You must be over the age of 18.

Required documents

Personal information. This includes your full name, residential address, email address and a contact number.
Proof of identification. If you aren't an existing Bank Australia customer, you'll also need to verify your identity online using your driver's licence, a Medicare card or passport.
Employment. You'll need to list your employer's name and contact details as well as the length of time you've been there.
Finances. You'll need to confirm your gross income (before tax) and net salary (after tax). This includes other forms of income you have from shares, rental property or anywhere else. You'll need to list your assets (including approximate values of property, vehicles, savings and superannuation) and liabilities (loan balances, repayment amounts and credit card or overdraft limits).

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.

Interest-free period. If you pay your balance in full by the due date on each statement, you can enjoy up to 55 days interest-free on purchases.
Visa perks. You can use your card at millions of international locations wherever Visa is accepted, including for contactless payments under $100 with Visa PayWave. You'll receive added security when shopping online thanks to Visa Checkout and can access exclusive discounts and benefits through Visa Offers and Perks.
Mobile payments. You can use your eligible smartphone or device to tap and pay when you link your card with Apple Pay, Google Pay, or Samsung Pay.

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.

Currency conversion fee. A fee of 3% applies for transactions made overseas or online in a foreign currency.
Security features. The Bank Australia No Annual Fee Visa Credit Card offers 24/7 fraud monitoring and a zero liability policy to help keep your account safe.

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55 Comments

Sonia
October 21, 2019

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

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 and credit history for the last 5 years. It’s also a good idea to check your credit score on our page.

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

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?

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

GARY
January 13, 2018

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

finder 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

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?

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

Ruth
May 27, 2017

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

finder 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

ray
November 17, 2016

Can I pay off another card with it?

finder 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

Mrboss
October 18, 2015

I would like a visa?

finder Customer Care

Arra
October 19, 2015

Hi Mrboss,

Thanks for your inquiry.

You may like to refer to our range of Visa credit cards for more options. You can select the “Go to Site” button of your preferred credit card to proceed with your application. You can also contact the provider if you have specific questions. A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.

I hope this has helped.

Cheers,
Arra

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

finder 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

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?

finder 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

Rod
February 20, 2015

are age pensioners eligible for the visa credit card ?

finder 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

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