In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Bank of Melbourne No Annual Fee Credit Card

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Bank of Melbourne No Annual Fee Card
Terms and conditions apply
Purchase rate
20.74% p.a.
Annual fee
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Save with an ongoing $0 annual fee and interest-free days on purchases, with a 20.74% 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 20.74% p.a. purchase interest rate, which is at the higher end of the scale for credit cards in Australia.

Pros

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

Cons

  • Relatively high purchase interest rate of 20.74% p.a.
  • No rewards program

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Bank of Melbourne No Annual Fee credit card offers cost-saving features with a $0 annual fee for both primary and additional cardholders.

Details

Product details

Product Name Bank of Melbourne No Annual Fee Card
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
Card type Visa

Eligibility

Available to temporary residents Yes - Conditions apply
Joint application No

Rewards

Bonus points 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%
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 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. 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.

Rates & fees

  • Purchase interest rate. 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.

Your reviews

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Ask a question

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Sally Finder

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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?


Avatar

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


Avatar

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


Avatar

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


Avatar

Sara

April 29, 2013

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


Avatar

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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