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BankSA No Annual Fee Card

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Get existing debt under control with 0% on balance transfers for 12 months and no annual fee with BankSA No Annual Fee credit card.

The BankSA No Annual Fee Card is a no-frills Visa card suited to people who want to pay off existing debt and save on credit card costs with a $0 annual fee.

0% p.a.

Balance transfer rate

for 12 months with 1% balance transfer fee

20.74% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Product NameBankSA No Annual Fee
Balance transfer rate0% p.a. for 12 months with 1% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.74% p.a.
Annual fee$0
Interest-free period55 days
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 applicationYes - Conditions apply


  • $0 annual fee for the life of the card
  • Balance transfer offer of 0% p.a. for 12 months
  • Request up to 3 additional cardholders at no extra cost


  • There are high interest rates of 20.74% p.a. on purchases and 21.49% p.a. on cash advances
  • A one-time 1% balance transfer fee applies
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 fee2% or $2.50, whichever is greater
Overseas cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders3

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The BankSA No Annual Fee credit card is one of the few products that combines a 0% p.a. balance transfer offer with an ongoing $0 annual fee. However, it’s not the longest interest-free balance transfer on the market, so you should make sure that you can clear your debt within 12 months to avoid attracting the cash advance rate on any remaining balance. It also charges a balance transfer fee, so be sure to factor that into your comparison.

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:

Eligibility criteria

  • Balance transfer debt. If you want to take advantage of a balance transfer promotion, BankSA allows you to transfer from $200 up to 80% of your approved credit limit from up to 3 non-BankSA, Bank of Melbourne or St.George Australian-issued credit, charge or store cards.
  • Residency. To apply online, you must be an Australian citizen or permanent resident.

Card benefits

  • No annual fee. This card charges a $0 p.a. annual fee.
  • 0% balance transfer offer. When you apply by 09 February 2021, you can repay existing debt and pay no interest with 0% p.a. on balance transfers for the first 12 months, with a one-time 1% balance transfer fee. At the end of the promotional period, any remaining debt will attract the 21.49% p.a. cash advance rate.

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.

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  1. Default Gravatar
    April 24, 2013

    can this card be over drawn by someone else like hackers if my limit is $500

    • Avatarfinder Customer Care
      April 25, 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.

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