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No annual fee frequent flyer credit cards

Earn points as you spend and save with a frequent flyer credit card that has no annual fee.

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If you want to get rewards such as flights and upgrades, a frequent flyer credit card can help by offering you points for your everyday spending. While most of these cards come with an annual fee, this could save you anywhere from $70 to $700 or more.

American Express Credit Card Offer

Qantas American Express Discovery Card

$0 annual fee

Eligibility criteria, terms and conditions, fees and charges apply

American Express Credit Card Offer

Earn uncapped Qantas Points on purchases and pay $0 annual fee for the life of the card.

  • Earn 0.75 Qantas Points per $1 spent (0.5 points / $1 with government bodies in Australia)
  • Purchase interest rate of 20.74% p.a. with up to 44 days interest-free
  • 3% foreign currency conversion fee
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Compare frequent flyer credit cards with no annual fee

Updated April 6th, 2020
Name Product Bonus Points Rewards program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
Qantas American Express Discovery Card
Qantas Frequent Flyer
20.74% p.a.
$0 p.a.
Earn uncapped Qantas Points on your purchases and pay $0 annual fee for life.
American Express Velocity Escape Card
Velocity Frequent Flyer
20.74% p.a.
$0 p.a.
Earn uncapped Velocity Points on purchases and save with a $0 annual fee for life.
BankVic Qantas Visa Credit Card
Qantas Frequent Flyer
6.99% for 6 months, reverts to 16.95% p.a.
$0 p.a.
Save with a $0 annual fee for life and 6.99% introductory rate on balance transfers. Plus, enjoy uncapped Qantas Points earning potential.
HSBC Premier World Mastercard
HSBC Rewards Plus
19.99% p.a.
$0 p.a.
Offers a choice of either HSBC Rewards Plus or HSBC Qantas Rewards programs, complimentary travel insurance and a $0 annual fee.
Bank of Melbourne Amplify Business Credit Card
70,000 bonus points
Amplify Rewards / Qantas Frequent Flyer
19.49% p.a.
$0 p.a. annual fee for the first year ($89 p.a. thereafter)
Receive 70,000 Amplify or Qantas points when you spend $3,000 on eligible purchases and a $0 first year annual fee. Plus, uncapped reward points.

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What’s the deal with no annual fee frequent flyer credit cards?

These credit cards give you a way to earn frequent flyer points or reward points that you can transfer to a frequent flyer program. They also help you save money on account costs, with two different no annual fee options.

$0 annual fee in the first year

Some frequent flyer credit cards will offer to waive the standard annual fee in the first year you have the card as part of an introductory offer. After the first 12 months, you’ll be charged a standard annual fee for the account.

This means you have time to test out the card (and enjoy perks such as bonus point offers or complimentary lounge access) without paying an annual fee. If you decide the card is worth it, you can then keep it and pay the fee once it’s applied. If not, you can cancel it before the first year and avoid being charged any annual fee.

No annual fee for life

There is also a small selection of frequent flyer credit cards that offer no annual fee for life, including the Qantas American Express Discovery and American Express Velocity Escape. With these cards, you won’t pay an annual fee at all.

The catch is that you may not have as many extra features, such as complimentary travel insurance or lounge access. It’s also less common for frequent flyer cards that offer no annual fee for life to have huge introductory bonus point offers. But if you get one of these cards and pay the balance off each month, it does give you a way to earn frequent flyer points per $1 spent without paying any account fees.

Is a no annual fee frequent flyer credit card right for me?

These cards are for people who want to earn frequent flyer points using a credit card but don’t want to pay an annual fee for the service. They can also be a good starting point if you are new to the world of frequent flyer programs and credit cards because they give you a chance to test the waters without paying any upfront costs.

However, if you're a big spender, a card with an annual fee and a higher earn rate could give you more value than the savings you'd get from a $0 annual fee.

How can I compare frequent flyer credit cards with no annual fee?

Weigh up these features when you’re looking for a credit card that earns frequent flyer points and has no annual fee.

  • Annual fee details. Before choosing one of these frequent flyer credit cards, check whether the $0 annual fee is for the first year only or an ongoing feature of the card so that you know exactly what you’re getting in the long run.
  • Bonus points. Many frequent flyer credit cards offer thousands of introductory bonus points when you meet the spending requirements as a new cardholder. This could give you a huge amount of value in the first year – especially without an annual fee. Just remember that this value is temporary, so you’ll still need to think about the costs that could apply beyond the first 12 months if you plan to keep the card.
  • Points per $1 spent. The amount of points you’ll earn per $1 can help you figure out how much value you’ll get from the card based on your typical spending. Keep in mind that although you’ll earn points for most everyday purchases, you usually won’t get any for transactions such as cash advances, BPAY payments and government charges.
  • Interest rates. These types of frequent flyer credit cards typically have high interest rates, which could offset the value of the no annual fee if you carry a balance.
  • Additional cardholders. If you want to boost your frequent flyer point balance by sharing the account with a partner or family member, check whether they’ll also get the option to have a card with no annual fee. Otherwise, you could end up paying more for the account than what you earn in points.
  • Complimentary extras. Weigh up the value of any perks, such as complimentary insurance, lounge passes or annual travel credit. If the card offers a $0 annual fee in the first year, also consider whether these benefits will outweigh the cost of the standard annual fee once that applies.

What's next?

If you’re interested in a frequent flyer credit card with no annual fee, start by comparing different options currently on the market. You can also compare a wider range of frequent flyer credit cards if points are your priority, or look at other no annual fee cards if your goal is to save on account costs.

FAQs about no annual fee frequent flyer credit cards

Want to know more about frequent flyer credit cards that offer no annual fees? We’ve answered some of the most common questions people ask us about them. If you have a question of your own, you can also get in touch with us using the comment box below.

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10 Responses

  1. Default Gravatar
    JohnAugust 16, 2017

    I was going to apply for the new Qantas Premium Credit card but I need to have a Frequent Flyer card first, is that right?

    • Avatarfinder Customer Care
      DeeAugust 16, 2017Staff

      Hi John,

      Thanks for your question.

      You can apply for this card even if you are not yet a member of the Qantas frequent flyer program. However, to receive points, you need to sign up for Qantas membership.


  2. Default Gravatar
    EileenApril 22, 2016

    Are there credit cards that are better to use when travelling? I used a credit card when I travelled previously and found the costs quite high.

    • Avatarfinder Customer Care
      YsaApril 23, 2016Staff

      Hi Eileen,

      Thanks for your question.

      Please note that you’ve come through, an online comparison service and we are not in the position to recommend any specific products or services.

      However, if you are considering other credit card options for your next trip, please refer to our Travel Money Credit Cards page.

      I hope this helps.


  3. Default Gravatar
    steveFebruary 3, 2015

    Hi, which frequent flyer card allows use of airline lounges? as well as accumulating points. Or is a different program (card) REQUIRED. Thanks Steve

    • Avatarfinder Customer Care
      JonathanFebruary 4, 2015Staff

      Hi Steve, thanks for your inquiry!

      Please see this page for a list of credit cards which include free airline lounge passes and access. Please refer to this page for a list of Frequent Flyer cards & Airline Rewards. The airline lounges benefits will vary from card to card, generally possessing higher annual fees for the benefits. More information on each Frequent Flyer program including lounge benefits is available on the page.

      I hope this has helped.



  4. Default Gravatar
    JaneJuly 13, 2014

    I have WPAC MC & AMEX cards with $4000 limit, for which I pay an annual fee. These are linked to QFF for which I also pay a fee. I pay full amount owing every month & would like to change to a no annual fee card and probably cancel QFF before next annual fee. Annual income is approx $30,000. Can you suggest best options?

    • Avatarfinder Customer Care
      ShirleyJuly 14, 2014Staff

      Hi Jane,

      Thanks for your question.

      Unfortunately we can not suggest the best options; you’ll need to look through the minimum income requirements of the cards, to determine which one will best suit your needs.

      Our page on credit cards with a $35,000 minimum income requirement may also help.


  5. Default Gravatar
    MFebruary 18, 2014

    My husband & I are on the aged pension so our income is under $35,000. We pay the majority of our bills on our ANZ QFF Visa card & pay the full balance each month so do not attract interest.

    How can we switch to another card eg. Virgin which may be may be of more benefit to us?

    • Avatarfinder Customer Care
      JacobFebruary 18, 2014Staff

      Hi, M.

      Thanks for your question.

      Please have a look at our credit card comparison page for a range of credit cards that may be suited to your needs. If you would like to change your current credit card to another provider, you can close your existing account (call your card issuer and let them know you would like to close the account once it has been paid in full) and then apply for another card through the application links provided on our credit card review pages. If you have a balance on your current card, you can apply to transfer this balance to your new card under a balance transfer promotion.

      I hope this has answered your question.

Credit Cards Comparison

Updated April 6th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
Coles No Annual Fee Mastercard
19.99% p.a.
0% p.a. for 18 months with 1.5% balance transfer fee
$0 p.a.
Earn flybuys points for your spending and save with an ongoing $0 annual fee and 0% p.a. on balance transfers for 18 months.
Qantas American Express Ultimate Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Get 100,000 bonus Qantas Points, a $450 Qantas Travel Credit and 2 yearly complimentary Qantas Club lounge invitations. Ends 14 Apr 2020.
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Bendigo Bank Low Rate Mastercard
11.99% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$45 p.a.
A no-frills credit card with a competitive annual fee and 0% p.a. interest rate on balance transfers for the first 18 months.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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