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The Bank of Melbourne No Annual Fee credit card offers cost-saving features with a $0 annual fee for both primary and additional cardholders.
6.99% p.a.
Balance transfer rate
for 12 months
20.74% p.a.
Purchase rate
$0 p.a.
Annual fee
55 days
Interest free period
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Product Name | Bank of Melbourne No Annual Fee Card |
---|---|
Balance transfer rate | 6.99% p.a. for 12 months |
Balance transfer revert rate | Cash Advance Rate (21.49% p.a.) |
Balance transfer limit | 80% of available limit |
Purchase rate | 20.74% p.a. |
Annual fee | $0 |
Interest-free period | 55 days |
Cash advance rate | 21.49% p.a. |
Min credit limit | $500 |
Max credit limit | $40,000 |
Card type | Visa |
Foreign currency conversion fee | 3% |
Available to temporary residents | Yes - Conditions apply |
---|---|
Joint application | No |
Annual fee | $0 |
---|---|
Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | 3% |
Cash advance fee | 2% or $2.50, whichever is greater |
Overseas cash advance fee | 2% or $2.50, whichever is greater |
Additional cardholder fee | $0 |
Number of additional cardholders | 3 |
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.
The Bank of Melbourne No Annual Fee credit card is a no-frills product that offers contactless payments at the checkout, as well as mobile payments through Google Pay and Samsung Pay. If you shop online with this card, you'll also get another layer of protection through Visa Secure, which adds an extra verification step at the checkout for partnered merchants.