No annual fee credit cards – Finder’s best picks

Compare 45+ no annual fee credit cards. We've rounded up some of the best cards on the market in February 2025.

Name Finder Score Annual fee Purchase rate p.a. Balance transfer rate p.a.
Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard image
Flybuys
Finder score
Annual fee
$0
Purchase rate p.a.
20.74%
Balance transfer rate p.a.
N/A
Go to siteMore Info
Get 10,000 bonus Flybuys points (worth $50 Flybuys dollars) when you spend $3,000 on eligible purchases in the first 3 months.
ANZ Platinum Credit Card
ANZ Platinum Credit Card image
Finder score
Annual fee
$0 first year ($87 after)
Purchase rate p.a.
20.99%
Balance transfer rate p.a.
21.99% with 3% balance transfer fee
Go to siteMore Info
Get $100 back on your card when you spend $2,000 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
Kogan Money Credit Card - Purchase Rate Offer
Kogan Money Credit Card - Purchase Rate Offer image
Kogan Rewards Program
Finder score
Annual fee
$0
Purchase rate p.a.
9.99% for 9 months, then 21.99%
Balance transfer rate p.a.
N/A
Go to siteMore Info
Save with 9.99% p.a. on purchases for the first 9 months, plus, an ongoing $0 annual fee.
Virgin Money No Annual Fee Credit Card
Virgin Money No Annual Fee Credit Card image
Finder score
Annual fee
$0
Purchase rate p.a.
0% for 6 months, then 19.99%
Balance transfer rate p.a.
N/A
More Info
Save with a $0 annual fee and 0% p.a. on purchases for 6 months.
Kogan Money Credit Card
Kogan Money Credit Card image
Finder Award
Kogan Rewards Program
Finder score
Annual fee
$0
Purchase rate p.a.
21.99%
Balance transfer rate p.a.
N/A
More Info
Get $300 Kogan.com Credit when you meet the spend requirement. Plus, save with an ongoing $0 annual fee.
Westpac Low Fee Card
Westpac Low Fee Card image
Finder score
Annual fee
$0 first year ($30 after)
Purchase rate p.a.
20.99%
Balance transfer rate p.a.
N/A
More Info
Offers up to 55 days interest-free and $0 annual fee for the first year and in the subsequent years when you meet the spend requirement.
Bankwest Zero Platinum Mastercard
Bankwest Zero Platinum Mastercard image
Finder Award
Finder score
Annual fee
$0
Purchase rate p.a.
0% for 6 months, then 18.99%
Balance transfer rate p.a.
0% for 6 months with 3% balance transfer fee, then 18.99%
More Info
Get 0% p.a. on purchases and balance transfers for 6 months (with a 3% BT fee) and 0% foreign transaction fees.
Qantas American Express Discovery Card
Qantas American Express Discovery Card image
Qantas Frequent Flyer
Finder score
Annual fee
$0
Purchase rate p.a.
23.99%
Balance transfer rate p.a.
N/A
More Info
Earn uncapped Qantas Points per $1 spent, plus a $0 annual fee.
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Finder's best no annual fee credit card offers for February

Here are some of the top scoring no annual fee credit cards on the market:

Updated February 2025 by Finder's money editor, Richard Whitten.

The lowdown on Finder Score

To qualify for this category, credit cards must:

  • Charge no annual fee for at least 12 months.

Every month, we carefully analyse over 250 credit card products and assess the most important features and benefits of each card.

We assign scores out of 10 for each feature, and adjust the scores depending on what category we're looking at.

Credit card scores are category-specific (e.g. No annual fee, Rewards), meaning the same card will receive a different score within each category.

Our Finder Score methodology is designed by our editorial and insights team. Products are reviewed objectively and commercial partners carry no weight. Remember that Finder Score is just one factor to consider. Look at other aspects like fees, features, benefits and risks to make sure a product is suitable for you.

Annual fee credit cards - score weightings

FeatureDefinitionAssessmentWeight
Annual FeeOngoing fees per yearLower fees get higher scores, with $0 getting the highest score30%
First-Year FeeIntroductory fee for the first yearLower fees get higher scores, with $0 getting the highest score20%
Interest-Free DaysThe number of interest-free daysHigher number of interest-free days score more points, up to 55 days10%
Value of points earned per monthPoints earned for every dollar spent on eligible purchasesPoints awarded per dollar20%
Purchase RateInterest rate on new purchasesLower rates receive higher scores20%

Finder Score by the numbers

  • 9+ Excellent - These cards offer the lowest ongoing purchase rates, high number of interest free days, and may earn rewards points - all for no annual fee.
  • 7+ Great - Reasonable ongoing purchase rates and interest free days.
  • 5+ Satisfactory - These cards offer no fees, but may have higher interest rates.
  • Less than 5 – Basic - These are basic cards with no annual fee.

No annual fee business credit cards

There are a few business credit cards that don't charge an annual fee. At least in the first year. But almost all of them charge an annual fee in the second year.

The CommBank Business Low Rate Credit Card has a permanent $0 annual fee.

Best no annual fee cards: Kogan Money Credit Card – Purchase Rate Offer

Kogan Money Credit Card - Purchase Rate Offer

  • 9.99% Purchase Rate Offer
  • $0 Annual fee
  • 21.99% Purchase rate

Pros & cons

  • No annual fee
  • 9.99% p.a. purchase rate for the first 9 months
  • Uncapped reward points
  • Complimentary Kogan First membership
  • A 21.99% p.a. interest rate on purchases applies at the end of the introductory period

Why we like it

The Kogan Money Card is a genuine $0 annual fee card. Not just for the first year. You can earn rewards when you shop at Kogan, too.
This card has a Finder Score of 9.45 in the no annual fee category.

Best no annual fee cards: HSBC Premier World MasterCard - Qantas Frequent Flyer

HSBC Premier World MasterCard - Qantas Frequent Flyer

  • Up to 1.5 Qantas Points per $1
  • $0 Annual fee
  • 19.99% Purchase rate

Pros & cons

  • Up to 1.5 Qantas Points per $1 on eligible spending
  • $0 annual fee
  • Complimentary domestic and international travel insurance
  • Airport lounge access through Mastercard Airport Experiences/LoungeKey
  • No introductory bonus points offer
  • 3% foreign transaction fee

Why we like it

The HSBC Premier World Mastercard lets you earn Qantas Points on your spending at a high rate. And it has no annual fee at all, plus perks like complimentary travel insurance.
This card has a Finder Score of 9.9 in the no annual fee category.

Best no annual fee cards: American Express Low Rate Credit Card

American Express Low Rate Credit Card

  • Low Rate & No Annual Fee
  • $0 Annual fee
  • 10.99% Purchase rate

Pros & cons

  • Low 10.99% p.a. interest rate for purchases
  • Ongoing $0 annual fee
  • Up to 4 additional cards
  • Complimentary card purchase cover and card refund cover
  • $30 late payment fee if you miss your minimum repayment
  • 3% foreign currency conversion fee
  • No rewards program

Why we like it

There is no annual fee for this card at all. It also has a low purchase rate and comes with complimentary card purchase cover.
This card has a Finder Score of 9.4 in the low rate category.

Video: No annual fee credit cards

How does a credit card with no annual fee work?

Most credit cards charge an annual fee. No annual fee credit cards don't. Given that annuals fees start from around $50 for low rate cards, and up to $450 or more for frequent flyer cards, you can save a bit with a 0 annual fee credit card.

Some cards charge $0 in the first year only. But right now there are 30 credit cards on the market that charge no annual fee, ever.

Angus Kidman's headshot
Our expert says: No annual fee doesn't mean free

"A $0 annual fee credit card saves you money up front, but make sure you get the most from it. Always pay it off every month in full - once you're paying interest, the card isn't free. And look for other features as well - if you can earn frequent flyer points, you can save real money on travel just by using your card for everyday purchases. "

Editor-at-large

Pros and cons of $0 annual fee credit cards

Pros

  • Save money on credit card fees. The most obvious perk of these cards is that you won't pay an annual fee. This could save you tens, hundreds or thousands of dollars over the life of the card.
  • Practical and cost-effective. A no annual fee credit card can be ideal for emergencies and when extra credit is required. This means you can leave it in your wallet without worrying about it costing you when you're not using it.
  • Promotional offers and perks. Depending on the card you choose, you can get big bonus points offers, 0% balance transfers and other perks as well as a $0 annual fee for the first year or ongoing.

Cons

  • Higher interest rates. These cards typically charge higher ongoing interest rates on purchases than some other cards. This could add to your costs if you regularly carry a balance from month to month.
  • Fewer extra features. While some no annual fee cards do come with rewards and other benefits, they typically boast fewer features than cards with a higher annual fee.
  • Temporary $0 annual fee. Unfortunately, not all of these cards offer a $0 annual fee for the life of the card. If your card only waives the annual fee for the first year, make sure you know the standard annual fee and when it will apply.

Types of no annual fee credit cards

Some no annual fee credit cards are basic cards for spending that don't offer many perks or extras. But some have balance transfer offers, reward points or complimentary extras.

FeatureCardCurrent OfferAnnual Fee & Purchase Rate
Balance Transfer

ANZ Low Rate
ANZ Low Rate

Get a 0% p.a. interest rate for the first 30 months on balance transfers with a 3% balance transfer fee.
  • $0 annual fee in the first year ($58 after)
  • 13.74% p.a.
Rewards

Coles No Annual Fee Mastercard
Coles no annual fee credit card

Offers the equivalent of 0.5 Flybuys points per $1 you spend on eligible purchases.
  • $0
  • 20.74% p.a.
Frequent Flyer

Qantas American Express Discovery

Earns 0.75 Qantas Points per $1 spent on everyday purchases, 0.5 point / $1 with government bodies in Australia and an additional 1.75 Qantas Point per $1 spent on selected Qantas products and services in Australia, uncapped.
  • $0
  • 23.99% p.a.
Travel

Bendigo Bank Ready Credit Card
Bendigo Bank Ready Credit Card

Offers 0% foreign transaction fees overseas and online with international merchants. Plus, complimentary overseas travel insurance.
  • $0
  • 19.99% p.a.

How to find the right no annual fee credit card

Ask yourself these questions to help compare your options:

      • How often do you use your credit card? Finder research shows 41% of Australians got their most recent credit card for emergencies. If you rarely use a credit card but want one for unplanned expenses or emergencies, getting one with no annual fee helps you save on costs when you're not using it.
      • Do you carry a balance? Some no annual fee credit cards have high interest rates that are better suited to cardholders who pay their balance in full each statement period. If you regularly carry a balance, you might want to consider a low interest credit card instead.
      • Do you have existing debt? You could consider a balance transfer credit card to save money on interest charges for an introductory period. Or, focus on paying off your current debts before you get a new credit card.
      • Will you use the credit card after a $0 annual fee promotion ends? If it doesn't have a competitive interest rate or enough extra features to outweigh the ongoing cost, you might want to cancel the card before the annual fee is charged.
      • What other credit card fees and charges will you pay? As well as interest rates, make sure you check for other credit card fees that could apply, including foreign transaction fees, late payment fees and cash advance charges.

Interest-free spending hack

Most credit cards offer a number of interest-free days (such as up to 55) on purchases when you pay your account balance in full by the due date on your statement. So if you pay your account in full, make use of interest-free days and don't have an annual fee, your credit card could cost you nothing.

2025 Finder Credit Card Awards for No Annual Fee

Each year the Finder Credit Card Awards recognises Australia's top credit cards, with expert analysis of rates, fees and offers based on 12 months' worth of data. These cards might not currently have the most competitive deals but you can use them as a benchmark against the latest offers.

Best No Annual Fee Credit Card: Kogan Money Credit Card

Best No Annual Fee Credit Card badge
Kogan Money Credit Card logo

The Kogan Money Credit Card has a $0 annual fee permanently, and it lets you earn points. That's what made it this year's no annual fee credit card winner.

Highly commended

Bank Australia Visa Credit Card logo

Bank Australia Visa Credit Card

Bank Australia's Visa Credit Card received a highly commended placing. It has no annual fee and up to 55 interest free days.

Heritage Bank Gold Low Rate Credit Card logo

Heritage Bank Gold Low Rate Credit Card

The Heritage Bank Gold Low Rate Credit Card has a $0 annual fee for the life of the card and a low purchase rate. That's why it's highly commended in the no annual fee category.

Frequently asked questions

Why you can trust Finder's credit card experts

helpObsessed with offers - You want all the perks and none of the fees, and we want that for you too. So we're tracking all the current no-fee cards, in one handy guide.
freeSave yourself some time. Why waste 100s of hours researching no-fee credit cards, when we've done the hard yards for you? Simply sit back, sort the options and get the card that suits your needs
independentNo BS. We'll explain how all the credit card fees work and how you can avoid interest – and we'll always explain it all in plain English.
Richard Whitten's headshot
Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 581 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

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130 Responses

    Default Gravatar
    martinDecember 8, 2024

    I currently have a credit card and always pay it off monthly. I have noted that purchases attract a %levy of extra money on each purchase. what card should I have to avoid this . I am not interested in rewards/gifts/points of any description but I would like to make online or even international purchases from time to time. I currently do have a debit card from my anz bank for ATM cash but nothing else. could I use that?

      AvatarFinder
      RichardDecember 10, 2024Finder

      Hi Martin,

      You may want a card with 0% foreign transaction fees for overseas spending. I am not sure what you mean by the % levy on each purchase. If you pay the balance in full each month most cards offer interest free days (up to 45 or 55 days in many cases).

    Default Gravatar
    FranAugust 8, 2024

    Latitude has just informed me that they are introducing a card fee of $8 per month from September 2024. What is the best credit card option now for travel o/s to avoid the international transaction fees but still have no card fees? I already have the debit card situation sorted.

      AvatarFinder
      SarahAugust 9, 2024Finder

      Hi Fran,

      You can review a range of options here.

      Hope this helps!

    Default Gravatar
    ROTARYMay 14, 2024

    We are haven Bunnings BBQ at Pakenham on Saturday18th i was told to register with you for the qr code so how do i go about this Peter r

      AvatarFinder
      SarahMay 17, 2024Finder

      Hi Peter,

      I’m not quite sure what you need, we’re a review and comparison site. If you need assistance with accepting digital or card payments, I suggest you contact your bank. Best of luck with the BBQ!

    Default Gravatar
    ColinMarch 17, 2018

    Looking for a credit card with no annual fee and reward points on purchases.

      AvatarFinder
      JhezelynMarch 17, 2018Finder

      Hi Colin,

      Thank you for your comment.

      You may compare no annual fee credit cards with rewards. These types of cards will let you earn points on purchases, which you can redeem for flights, cash, or merchandise, get access to extras such as complimentary travel and purchase insurance, airport lounge access, and personalised concierge services. Check the types, the benefits, and what you should consider in choosing rewards credit cards with no annual fee.

      Please make sure to meet the eligibility criteria before submitting an application (hitting the Go to site button). Hope this helps.

      Regards,
      Jhezelyn

    Default Gravatar
    TerryApril 11, 2017

    What about ING credit cards ?

      AvatarFinder
      HaroldApril 12, 2017Finder

      Hi Terry,

      Thank you for your inquiry.

      Should you need to know more, please check our article about ING credit card products.

      I hope this information has helped.

      Cheers,
      Harold

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