There are at least 20 credit cards that don’t charge an annual fee, according to a new analysis of the Australian credit card market.
One of the standout $0 annual fee credit cards is the Hume Bank Value Visa, which charges an interest rate of 11.95 per cent and provides an interest-free period of up to 55 days.
There are also two credit cards that have an interest rate of 11.99 per cent and an interest-free period of up to 55 days – the American Express Low Rate Credit Card and QBank Bluey Card.
On a different note, Northern Inland Credit Union’s Low Rate Visa Credit Card has no annual fee and an interest rate of only 8.99 per cent – but it doesn’t offer an interest-free period.
|Provider||Credit card||Standard interest rate||Interest-free days (up to)|
|American Express||Essential Credit Card||14.99%||55|
|American Express||Low Rate Credit Card||11.99%||55|
|American Express||Qantas Discovery Card||20.74%||44|
|American Express||Velocity Escape Card||20.74%||55|
|Bank Australia||Visa Credit Card||12.39%||55|
|Bank of Melbourne||No Annual Fee Visa||20.49%||55|
|BankSA||No Annual Fee Visa||20.49%||55|
|Bankwest||Zero Platinum Mastercard||17.99%||55|
|Heritage Bank||Gold Low Rate||11.80%||0|
|Horizon Credit Union||Visa Credit Card||12.95%||55|
|HSBC||Premier World Mastercard (Rewards Plus)||19.99%||55|
|Hume Bank||Value Visa||11.95%||55|
|Northern Inland Credit Union||Low Rate Visa Credit Card||8.99%||0|
|Qudos Bank||Lifestyle Plus||15.85%||46|
|Virgin Money||No Annual Fee Card||18.99%||44|