Our verdict

Save with an ongoing $0 annual fee and interest-free days on purchases, with a 20.99% p.a. purchase rate.

The Bank of Melbourne No Annual Fee credit card has an ongoing $0 annual fee, which could help you save money and cut back on card costs. However, it is worth noting that it charges a 20.99% p.a. purchase interest rate, which is at the higher end of the scale for credit cards in Australia.

This card also features 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.

Pros

Ongoing $0 annual fee
Up to 3 additional cards at no extra cost
Shopping cashbacks through ShopBack
Compatible with Apple Pay, Samsung Pay and Google Pay

Cons

Relatively high purchase interest rate of 20.99% p.a.
No rewards program

Must read: Upcoming change

Applications for the Bank of Melbourne No Annual Fee credit card will no longer be accepted
from 20 March 2026.

Details

Product details

Product Name	Bank of Melbourne No Annual Fee Card
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$500
Max credit limit	$40,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points	N/A
Rewards points cap	N/A

Fees

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	3% of each cash advance amount
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 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 for this card, you must be an Australian or New Zealand citizen, Australian permanent resident or hold a valid temporary residence visa with at least 1 year before expiry.
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.

Age. You are at least 18 years old.

Required documents

Personal information. You'll need to include details such as your full name, date of birth, residential address and contact information.
Proof of identification. You'll need to verify your identity with your Australian driver's licence, Medicare card, passport, Australian birth certificate or NSW photo card.
Income and employment. Confirm your annual income and current place of employment. If you're self-employed, you will need to provide your most recent tax information.
Finances. Include details of any savings or investments as well as existing debts or liabilities.
Balance transfer details. To transfer a balance(s), you'll need to provide the details of that account, including the card number.

Card benefits

$0 p.a. annual fee. You'll pay no annual fee for the life of the card.
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.

Shopping cashbacks. Eligible Bank of Melbourne credit card holders can get cashbacks when they shop with their card on the online rewards platform ShopBack.
Additional cardholders. You can request up to 3 additional cardholders for the account at no extra cost. The additional cardholders must be at least 16 years old and the primary cardholder is still responsible for transactions made with the card.
Secure shopping. You can shop online with peace of mind knowing that your account is protected by Visa Secure.
Mobile payment technology. Add this credit card to your Google Pay or Samsung Pay wallet and enjoy making contactless payments using your Android or Samsung device.

Rates & fees

Purchase interest rate. This card charges a 20.99% 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.

Cash advance interest rate. If you use your card for cash advances, such as ATM withdrawals, you'll be charged the cash advance interest rate of 21.99% p.a. You'll also be charged a cash advance fee of 3% of each cash advance amount.
Foreign transaction fees. If you use your card overseas or to shop online with an international merchant, you'll be charged a 3% currency conversion fee.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Bank of Melbourne No Annual Fee Card information PDF
2. Bank of Melbourne No Annual Fee Card TMD

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Tracy

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?

Harold Jacob Finder

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.

Cheers,

Harold

Fred

September 18, 2016

Hi,

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?

Thanks

May Finder

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.

Cheers,

May

Sara

April 29, 2013

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

Jacob Finder

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.

Cheers,

Jacob

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Bank of Melbourne No Annual Fee Credit Card

Pros

Cons

Must read: Upcoming change

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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