Australian Credit Cards with No Annual Fee.
Some of the Australian banks issue credit cards without an annual fee, some only give the first year free, as an incentive to sign up, but others offer lifetime free.
Coles Mastercard – No annual fee ever.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 19.99% p.a.
Free delivery at Coles online with your Coles Mastercard, (Min $100 spend)
Up to 62 days interest free on purchases when you pay the full balance off each month.
Flybuys points: 1 flybuys point for every $2 everywhere, everyday
Coles Credit cards
BankWest Zero Mastercard.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 17.99% p.a.
Cash Advances interest rate: 21.99%
Up to 55 days interest free on purchases when you pay the full balance off each month.
BankWest
28 Degrees Platinum Mastercard.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 21.99% p.a.
www.28degreescard.com.au
American Express Essential Credit Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 14.99% p.a.
Citi Simplicity Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 19.99% p.a.
Qantas American Express Discovery Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $0 p.a.
Purchase interest rate: 20.74% p.a.
Woolworths Everyday Platinum Credit Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $49 p.a.
Purchase interest rate: 19.99% p.a.
BankSA Vertigo Visa.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $55 p.a.
Purchase interest rate: 13.24% p.a.
St.George Vertigo Visa.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $55 p.a.
Purchase interest rate: 13.24% p.a.
ANZ Platinum Credit Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $87 p.a.
Purchase interest rate: 19.74% p.a. (0% p.a. for first 3 months)
Westpac 55 Day Platinum Credit Card.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $90 p.a.
Purchase interest rate: 19.84% p.a.
ANZ Rewards Platinum.
First Year Annual fee: $0 p.a.
Annual Fee after First Year: $95 p.a.
Purchase interest rate: 18.79% p.a.
The Above is the update to the original 2010 page below:
Some of the Australian banks are issuing credit cards without an annual fee, some only give the first year free, as an incentive to sign up, but others offer lifetime free.
As at July 2010 the following main banks have these cards available:
Bankwest:
Zero mastercard.
No annual fee, ever!
16.99% p.a. rate on purchases, balance transfers and cash advances
St George Bank
Credit Card with $0 annual fee
$0 annual fee
20.24% p.a. on purchases and cash advances
Westpac Bank
No Annual Fee MasterCard
No annual fee for the life of your card
Interest rate (variable): 19.74% p.a. on purchases; 21.24% p.a. on cash advances
HSBC Australia
The HSBC Credit Card
$0 Annual Fee for the life of the Card
Low interest rate of just 16.99% p.a. on purchases and 20.75% p.a. on cash advances
Up to 55 days interest-free period
American Express
Gold Ascent Credit Card
$0 Annual Card Fee
Interest Rate ?? 20.49%
Up to 44 Interest Free Days
Coles (I think this is issued via GE Money)
Coles Group Source MasterCard
No annual fee
Interest rate for new purchases is 20.24% and cash is 21.99% per annum.
Up to 62 days interest free on purchases
National Australia Bank NAB
This one is a puzzle. Nothing on their main website, but I did see a reference to these on another page: PDF File
NAB Visa One Fee Free with no annual fee
NAB Visa Mini (with monthly cash back)