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No Annual Fee Credit Cards

No annual fee doesn't mean no perks. And if you don't use your credit card at all, it won't cost you a thing.

Kogan Money Black Card - Exclusive Offer
0% Balance Transfer Offer & $30 Kogan.com Credit
  • Uncapped points
  • $0 annual fee
  • Ends 21 August 2022
  • Uncapped points
  • $0 annual fee
  • Ends 21 August 2022
Eligibility criteria, terms and conditions apply.

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A credit card with no annual fee, when paid off in full by the due date, means you could pay nothing for your card. Many cards offer a $0 annual fee just for the first year, but there are a bunch that have no annual fee for the life of the card, too.

Compare no annual fee credit cards

Name Product Annual fee Purchase rate p.a. Balance transfer rate p.a.
Kogan Money Black Card - Exclusive Offer
0% for 30 months
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $30 Kogan.com Credit and uncapped rewards points. Ends 21 August 2022.
Citi Rewards Card - Velocity Points Offer
$0 for the first year ($149 thereafter)
0% for 15 months
Earn 60,000 bonus Velocity Points when you spend $3,000 in the first 90 days. Plus, $0 first-year annual fee.
Coles No Annual Fee Mastercard
0% for 12 months
Get 20,000 bonus Flybuys points when you spend $3,000 on eligible purchases in the first 90 days. Plus, an ongoing $0 annual fee.
Citi Rewards Card - Purchase and Balance Transfer Offer
$0 for the first year ($149 thereafter)
0% for 14 months, reverts to 21.49%
0% for 14 months
Save with 0% on purchases and balance transfers for 14 months with no balance transfer fee. Plus, $0 first-year annual fee.
Great Southern Bank Low Rate Credit Card
$0 for the first year ($49 thereafter)
0% for 33 months
Save with a 0% p.a. balance transfer rate for 33 months, $0 first-year annual fee, and a low variable 11.99% p.a. purchase interest rate.
Virgin Money No Annual Fee Credit Card
0% for 12 months, reverts to 18.99%
0% for 12 months
Save with a $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.

Compare up to 4 providers

How does a credit card with no annual fee work?

A no annual fee credit card allows you to buy what you need without having to pay a yearly fee for the account - the closest you can get to free money.

This makes a no annual fee credit card great in case of emergencies and can save you from paying for a card you don't really need. Some no annual fee cards also offer balance transfers, rewards and other benefits. Plus, they're an easy way to start building your credit score.

Tip: When you're comparing no annual fee credit cards, you'll see a mix of cards that charge a $0 annual fee on an ongoing basis or waives the usual annual fee for the first year. When an ongoing annual fee applies after the first year, you'll see these details in Finder's comparison table – and can filter them out.

Compare these no annual fee credit cards

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. This gives you a way to make credit card purchases without interest charges, on an ongoing basis.

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.

Different types of credit cards with no annual fee

Some no annual fee credit cards offer the basics, while others boast additional features and benefits. This means you can compare credit cards that combine no annual fee with other features including introductory 0% interest rate offers, frequent flyer points, reward points and complimentary extras.

What is the best no annual fee credit card?

There isn't one "best" no annual fee credit card because everyone has different spending habits and makes use of different features. In the table below, we've highlighted some examples of different $0 annual fee cards for you to compare.

FeatureCardCurrent OfferAnnual Fee & Purchase Rate
Balance Transfer

Kogan Money Black Card- Exclusive Offer
Kogan Money Black card

Apply by 21 August 2022, to get a 0% p.a. interest rate for the first 30 months on balance transfers with no balance transfer fee.
  • $0
  • 20.99% p.a.

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
  • 19.99% p.a.
Frequent Flyer

Qantas American Express Discovery
Qantas American Express Discovery credit card

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
  • 20.74% p.a.

Bankwest Zero Platinum
Bankwest zero platinum credit card

Offers 0% foreign transaction fees overseas and online with international merchants. Plus, complimentary overseas travel insurance.
  • $0
  • 14.99% p.a.

Pros and cons of $0 annual fee credit cards

As there are different types of $0 annual fee credit cards on the market, it's important to consider your financial situation and how you plan to use the card. Then you can weigh up the other benefits, costs and features to help you find a card that suits your needs.


  • 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 deals. Some no annual fee credit cards offer limited-time promotions, frequent flyer programs and other perks you'd regularly have to pay a yearly fee to access.


  • 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 no annual fee for the life of the card. If your card only has a $0 annual fee for the first year, make sure you know the standard annual fee and when it will apply.

How to find the right credit card with no annual fee

If you're interested in getting a credit card with no annual fee, ask yourself these questions to help compare your options:

  • How often do you use your credit card? If you rarely use a credit card but still want one for unplanned expenses or emergencies, a no annual fee card will give you the line of credit that you need without burning a hole in your pocket when you're not using it.
  • Do you carry a balance? Some no annual fee credit cards charge high interest rates on purchases, so they're better suited to cardholders who pay their balance in full each statement period. If you do regularly carry a balance from month to month, you might want to consider a low interest credit card instead.
  • Do you have existing debt? If you have existing debt, think about whether you could save more money by focusing on paying off your current debts before you get a $0 annual fee card. You could also consider a balance transfer credit card to save money on interest charges.
  • What credit card benefits do you want? No annual fee credit cards sometimes have fewer perks than cards with annual fees. If you're interested in features like rewards programs and complimentary insurance, a rewards or platinum credit card might be worth considering.
  • Will you use the credit card after the $0 annual fee promotion ends? If you're looking at a credit card that offers no annual fee in the first year, consider whether you'll get enough value from the card once this introductory period ends. If it doesn't have a competitive interest rate or enough extra features to outweigh this cost, you might want to cancel the card before the annual fee is charged.
  • What other credit card fees and charges will you pay? While a $0 annual fee can help you save on costs, it doesn't mean it's a free credit card. 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.

Frequently asked questions

If I have a credit card with a promotional $0 annual fee, can I cancel the card before having to pay the annual fee?

Yes, as long as you don't owe any money on the credit card, you can cancel it over the phone or online before the annual fee is charged. Just check your account details or contact your credit card provider to find out exactly when the annual fee is charged, so you can arrange to cancel the account before that date.

When will the annual fee be charged if I get a credit card that offers no annual fee in the first year?

If you have a card with a promotional no annual fee offer, the annual fee will usually be charged 12 months after you were approved for the credit card.

Is there any way to extend my credit card's annual fee waiver?

This depends on the credit card provider. For example, some providers may waive your credit card annual fee when you also take out a home loan package with them. Others may waive or refund your annual fee if you meet specific conditions, such as spending a set amount each year or being a student. Contact your provider to find out if there are any other ways you can continue to pay no annual fee on your credit card.

Is a no annual fee credit card a cheap credit card option?

If you always pay off your balance in full and can make use of interest-free days on purchases, then a no annual fee card could be very affordable. But if you carry a balance that attracts a high interest rate, the interest charges could make your credit card an expensive option. In this case, you might want to compare credit cards and look at the potential savings you'd get from a card with a low interest rate (even if it has an annual fee).

Is a no annual fee credit card free?

There is no such thing as a "free credit card" because there is always the potential cost of interest if you carry a balance. There are also other credit card fees that may apply for certain transactions (such as cash advances or purchases made in a foreign currency). But in most cases, if you have a no annual fee card and pay off your account balance in full by the due date on each statement, you won't be charged interest and can use the card at no cost.

Are there any no fee credit cards?

There are plenty of cards with no annual fee, and there are even some cards with no interest. But there are no cards that don't charge any fees at all. Other fees include late payment fees, cash advance fees, currency conversion fees etc. However, if you choose the right credit card and use it for everyday purchases and make payments in full, you could avoid fees.

Can I get a credit card with no annual fee for life and an ongoing low interest rate?

Yes, there are a few no annual fee, low rate credit cards on the market. You can use the filters on Finder's comparison table to narrow down your search based on rates, fees and other features you want. But keep in mind that, $0 annual fees and low rates are generally offered on separate cards – except when one of the features is promotional. For example, a no annual fee credit card may offer an introductory low or 0% interest rate before reverting to a higher standard rate, while a low rate credit card could offer no annual fee in the first year before a standard yearly account fee applies.

I want a no annual fee credit card for travel. What other features should I consider?

To keep your travel costs down, you may want to consider a credit card with no annual fee and no overseas transaction fees or a card that offers complimentary travel insurance.

Is there a business credit card with no annual fee?

While business credit cards can offer no annual fee promotions, most of them charge high annual fees as they come with a lot of extra features. But depending on your circumstances, you may be able to claim the annual fee as a tax deduction.

Can I get a no annual fee credit card if I have lots of debt or bad credit?

Having a bad credit rating will limit your chances of being approved and getting a credit card, regardless of whether there's an annual fee. You can use our bad credit rating credit card guide to see what credit alternatives are available for applicants with a negative credit history.

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    124 Responses

    1. Default Gravatar
      ColinMarch 17, 2018

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

      • Avatarfinder Customer Care
        JhezMarch 17, 2018Staff

        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.


    2. Default Gravatar
      TerryApril 11, 2017

      What about ING credit cards ?

      • Avatarfinder Customer Care
        HaroldApril 12, 2017Staff

        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.


    3. Default Gravatar
      EddyDecember 26, 2016

      What about insurance for fraudulent transactions. I had my Visa card stolen in Rome and, within 20 minutes, over $A3400 in cash withdrawn. My bank covered it all and advised me most of my annual fee was insurance premium. This worked out at over 20 years worth of annual fees and saved our holiday. I no longer view annual fees as an unnecessary or unwarranted expense.

      • Avatarfinder Customer Care
        MayDecember 26, 2016Staff

        Hi Eddy,

        Thanks for your question.

        Most of the major credit cards nowadays have their own version of fraud protection like the Visa’s Zero Liability Policy and MasterCard’s Zero Liability Agreement. As long as you meet the conditions, you will not be held liable for those fraudulent transactions on your card. If you want to find more information on what you can do when your credit card is stolen or lost, please read our stolen credit card guide.

        Hope this helps.


    4. Default Gravatar
      NanetteNovember 2, 2016

      Hi I am wanting a credit card that will give me maximum Qantas frequent flyer points on sign up and no annual fee in the first year…any suggestions??

      • Avatarfinder Customer Care
        DeeNovember 2, 2016Staff

        Hi Nanette,

        Thanks for your question.

        Please check the Qantas frequent flyer credit cards featured on our website to compare credit cards that offer bonus Qantas points. You can also check the annual fee for each card on the same page.


    5. Default Gravatar
      AzamOctober 20, 2016


      I just want to know which VISA credit card will give me an identity with no annual fee. like with which card I can get subscription in iTunes or youtube???


      • Avatarfinder Customer Care
        DeeOctober 28, 2016Staff

        Hi Azam,

        Thanks for your question.

        If you are looking to apply for a Visa credit card with no annual fee, you can check the list of Visa credit cards featured on our website. Among those listed with no annual fee are Virgin Credit Card and Citi Simplicity Card.


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