RateCity.com.au
powering smart financial decisions

Shoppers have many $0-fee credit cards to choose from

Shoppers have many $0-fee credit cards to choose from

Sick of paying to use your credit card? Well, there are more than 25 cards that could be used potentially without incurring fees or interest, a new credit card analysis has found.

RateCity has found a range of credit cards that don’t charge an annual fee and that offer a maximum interest-free period of at least 44 days (see table below).

So if you have one of those credit cards and pay off your entire debt each month, you won’t have to pay a cent in fees or interest – assuming you restrict yourself to domestic purchases.

If you use the cards overseas or buy products from foreign websites, you might be charged international transaction fees and currency conversion fees. If you use the cards to make cash advances, you might be charged cash advance fees.

American Express, Bank of Melbourne, BankSA, Bankwest, Citi, Coles, HSBC, ING, ME Bank and St George Bank are some of the providers that offer credit cards with $0 annual fees.

Bank Australia, Bank First, BankVic, CUA, Horizon Credit Union, Hume Bank, QBank, Qudos Bank, Teachers Mutual Bank, UniBank and Virgin Money also have no-annual-fee credit cards.

ProviderProductAnnual feeOngoing interest rateMax. interest-free days
American ExpressEssential Credit Card$014.99%55
American ExpressLow Rate Credit Card$08.99%55
American ExpressQantas Discovery Card$020.74%44
American ExpressVelocity Escape Card$020.74%55
Bank AustraliaVisa Credit Card$012.39%55
Bank FirstVisa Classic Credit Card$012.94%55
Bank of MelbourneNo Annual Fee Visa$020.49%55
BankSANo Annual Fee Visa$020.49%55
BankVicQantas Visa Credit Card$016.95%55
BankVicVisa Silver$011.95%44
BankwestZero Mastercard Classic$017.99%55
BankwestZero Mastercard Platinum$017.99%55
CitiSimplicity$019.99%55
ColesNo Annual Fee Mastercard$019.99%55
CUABrisbane Heat Supporters’ Low Rate Credit Card$011.99%55
CUABrisbane Heat Supporters’ Platinum Credit Card$019.99%55
Horizon Credit UnionVisa Credit Card$012.95%55
HSBCPremier World Mastercard (Rewards Plus)$019.99%55
Hume BankValue Visa$011.95%55
INGOrange One$011.99%45
ME BankFrank$011.99%55
QBankBluey Card$011.99%55
Qudos BankLifestyle Plus$015.85%46
St George BankNo Annual Fee Visa$020.49%55
Teachers Mutual BankTeachers Credit Card$011.50%55
UniBankVisa Credit Card$011.50%55
Virgin MoneyNo Annual Fee Card$018.99%44

Please note that the cheapest credit card won’t always be the best credit card for your individual situation.

Did you find this helpful? Why not share this news?

This article was reviewed by Head of Content Leigh Stark before it was published as part of RateCity's Fact Check process.

Advertisement

RateCity

More credit cards news

More news? Read more here

Learn more about credit cards