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

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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.

Provider Product Annual fee Ongoing interest rate Max. interest-free days
American Express Essential Credit Card $0 14.99% 55
American Express Low Rate Credit Card $0 8.99% 55
American Express Qantas Discovery Card $0 20.74% 44
American Express Velocity Escape Card $0 20.74% 55
Bank Australia Visa Credit Card $0 12.39% 55
Bank First Visa Classic Credit Card $0 12.94% 55
Bank of Melbourne No Annual Fee Visa $0 20.49% 55
BankSA No Annual Fee Visa $0 20.49% 55
BankVic Qantas Visa Credit Card $0 16.95% 55
BankVic Visa Silver $0 11.95% 44
Bankwest Zero Mastercard Classic $0 17.99% 55
Bankwest Zero Mastercard Platinum $0 17.99% 55
Citi Simplicity $0 19.99% 55
Coles No Annual Fee Mastercard $0 19.99% 55
CUA Brisbane Heat Supporters’ Low Rate Credit Card $0 11.99% 55
CUA Brisbane Heat Supporters’ Platinum Credit Card $0 19.99% 55
Horizon Credit Union Visa Credit Card $0 12.95% 55
HSBC Premier World Mastercard (Rewards Plus) $0 19.99% 55
Hume Bank Value Visa $0 11.95% 55
ING Orange One $0 11.99% 45
ME Bank Frank $0 11.99% 55
QBank Bluey Card $0 11.99% 55
Qudos Bank Lifestyle Plus $0 15.85% 46
St George Bank No Annual Fee Visa $0 20.49% 55
Teachers Mutual Bank Teachers Credit Card $0 11.50% 55
UniBank Visa Credit Card $0 11.50% 55
Virgin Money No Annual Fee Card $0 18.99% 44

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


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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