Bank of Melbourne No Annual Fee Credit Card

Save with an ongoing $0 annual fee and 0% interest on purchases for 12 months.

The Bank of Melbourne No Annual Fee credit card offers cost-saving features with a $0 annual fee for both primary and additional cardholders. Plus a 0% introductory rate on purchases for 12 months (reverts to 20.74% p.a.).

0% p.a.

Purchase rate

for the first 12 months (reverts to 20.74% p.a.)

$0 p.a.

Annual fee

55 days

Interest free period

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Product NameBank of Melbourne No Annual Fee Card
Balance transfer limit80% of available limit
Purchase rate0% p.a. for 12 months, reverts to 20.74% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate21.49% p.a.
Min credit limit$500
Max credit limit$40,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Ongoing $0 annual fee
  • 0% p.a. on purchases for the first 12 months
  • Up to 3 additional cards at no extra cost


  • Relatively high purchase interest rate of 20.74% p.a.
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee3%
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders3

Review by

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Expert review

The Bank of Melbourne No Annual Fee credit card currently offers a 0% purchase rate promotion for 12 months and an ongoing $0 annual fee, which could help you save money and cut back on card costs. However, it is worth noting that a relatively high 20.74% p.a. revert rate kicks in after the introductory period.

How to apply

You can apply for the Bank of Melbourne No Annual Fee credit card online in 10 minutes and receive a response instantly. Before you apply, check that you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

  • Residency. To apply online, you must be an Australian citizen or permanent resident.
  • Balance transfer debt. If there is a balance transfer rate available and you plan to transfer a debt, you can transfer up to 80% of your approved credit limit from 3 non-St.George, Bank of Melbourne or BankSA Australian-issued credit, charge or store cards.

Card benefits

  • 0% p.a. for 12 months on purchases. Get 0% interest for up to 12 months on purchases when you apply by 24 February 2022. Interest rate reverts to the standard purchase rate of 20.74% p.a. once the promotional period ends.
  • $0 p.a. annual fee. You'll pay no annual fee for the life of the card.

Rates & fees

  • Purchase interest rate. Outside of any promotions, this card charges a 20.74% p.a. variable interest rate on purchases.
  • Low minimum credit limit. You can keep your credit card spending in check with a minimum credit limit of $500.

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    Default Gravatar
    April 27, 2017

    I am trying to apply for the card the promotion states no annual fee every apply before 1st may. yet on your webpage the card is no annual fee for first year then $55 per year after that. Please advise as the web advertisement above states no annual fee ever?

      Avatarfinder Customer Care
      April 27, 2017

      Hi Tracy,

      Thank you for your inquiry.

      As per checking Bank of Melbourne No Annual Fee Credit Card has no annual fee. But you can always clarify this information directly with the provider.

      I hope this information has helped.


    Default Gravatar
    September 18, 2016

    for no annual fee credit card, there is $15 card replacement fee within Australia, does it mean card holder pay fee every time card replaced when expired?


      Avatarfinder Customer Care
      September 18, 2016

      Hi Fred,

      Thanks for your question.

      The $15 card replacement fee is applicable when your card is lost in Australia. There will be no fee when your card is replaced or renewed due to account/card expiration.


    Default Gravatar
    April 29, 2013

    What does it mean when a card has 0 days interest free?

      Avatarfinder Customer Care
      April 29, 2013

      Hi Sara,

      Thanks for your question.

      This means that you will get charged interest from the day you make a purchase on the card. Other cards have up to 55 days interest-free and some cards have an extended interest-free period when you activate the card.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this helps.


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