The BankSA No Annual Fee Card is a no-frills Visa card suited to people who want to save on credit card costs with a $0 annual fee. Plus, you can apply for credit limits starting from $500 up to $40,000.
BankSA No Annual Fee Card
- Purchase rate
- 20.74% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
$0 annual fee for the life of the card
Request up to 3 additional cardholders at no extra cost
Compatible with Apple Pay, Samsung Pay and Google Pay
Relatively high purchase interest rate of 20.74% p.a.
The interest rate of 21.49% p.a. on cash advances is also high
|Product Name||BankSA No Annual Fee|
|Balance transfer limit||80% of available limit|
|Purchase rate p.a.||20.74%|
|Interest-free period||Up to 55 days on purchases|
|Cash advance rate p.a.||21.49%|
|Min credit limit||$500|
|Max credit limit||$40,000|
|Available to temporary residents||Yes - Conditions apply|
|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||3%|
|Overseas cash advance fee||3% of each cash advance amount|
|Additional cardholder fee||$0|
|Number of additional cardholders||3|
How to apply
You can apply for the BankSA No Annual Fee credit card online in 10 minutes and receive a response instantly. Before you get started, check if you meet the eligibility criteria and have the necessary documents to complete the application:
- Residency. To apply online, you must be an Australian citizen or permanent resident.
- Age. You must be at least 18 years old to apply.
- Personal details. This includes your full name, date of birth, residential address, contact details, marital status and number of financial independents.
- Proof of identification. You'll be asked to verify your identity with an Australian driver's licence, Medicare card, passport, Australian birth certificate or NSW photo card.
- Income and employment. Confirm your annual income with recent payslips. You'll also need to include your current place of employment and your employer's contact details.
- Finances. List any assets, such as investments or savings and any liabilities like existing debt.
- No annual fee. This card charges a $0 p.a. annual fee.
- Flexible credit limits. You can keep your spending in check with a credit limit as low as $500 and it can be as high as $40,000.
- Additional cards. You can request up to 3 extra cards for the account. Additional cardholders must be at least 16 years old and the primary account holder is liable for any transactions made with the extra cards.
- Mobile payment technology. Make contactless payments with your eligible phone or device by adding this credit card to your Google Pay, Apple Pay or Samsung Pay wallet.
Rates & fees
- Purchase interest rate. Your purchases will attract the 20.74% p.a. purchase interest rate.
- Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 55 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
- Cash advances. If you use your card for ATM withdrawals and other cash advances, you'll attract the 21.49% p.a. interest rate. You'll also be charged a fee of 3% of each cash advance amount.
- Foreign transaction fee. When you use your card to shop overseas or online with an international merchant, you'll be charged a 3% foreign transaction fee.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
April 24, 2013
can this card be over drawn by someone else like hackers if my limit is $500
April 24, 2013
Hi Ian. Technically yes. Generally you can only overdraw your account by a small amount, if at all. If you’re a victim of fraud, you can get your money back under the card scheme’s no liability policies. Thanks for your question. Jacob.