Best No Annual Fee Credit Cards
No annual fee on a credit card can save you hundreds of dollars every year, but before you decide that a no annual fee credit card deal is best for you, consider all of the features and benefits of the offers right here.
Best No Annual Fee Card
The HSBC Credit Card is a very unique card, it gives you a balance transfer offer of 0% p.a. for 6 months while paying $0 for the life of the card
- Purchase rate of 16.99% p.a.
- 0% p.a. for 6 months on balance transfers
- $0 annual fee
- 16.99% p.a. on purchases
- Up to 55 days interest free
Click here to read the HSBC Credit Card terms and conditions
Compare the Best No Annual Fee Credit Card Deals
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
|---|---|---|---|---|---|---|---|
|
One of the only cards with a 0% p.a. for 6 months balance transfer and $0 annual fee offer |
16.99% | 20.75% | 0% for 6 months | $0 | 55 | |
|
Excellent balance transfer offer as well as no annual fee, benefit from fuel discounts as well when using the card |
20.24% | 21.99% | 0% for 6 months | $0 | 62 | |
|
No annual fee for the life of the card, plus a balance transfer offer of2.9% p.a. for 6 months |
16.95% | 20.99% | 2.9% for 6 months | $0 | 44 | |
|
Good no frills credit card with a $0 annual fee |
16.99% | 16.99% | 3.99% for 9 months | $0 | 55 | |
|
No annual fee gold card, access to rewards and complimentary travel insurance |
16.99% | 16.99% | 3.99% for 9 months | $0 | 55 | |
|
Platinum credit card with $0 annual fee, access to complimentary travel insurance and 24/7 concierge service |
16.99% | 16.99% | 3.99% for 9 months | $0 | 55 |
Saving money on a credit card fee can mean one less bill to manage, and more money to go towards paying off your purchases to avoid that nasty credit card interest. While a no annual fee credit card deal may sound like something which comes along once in a blue moon, they are more common than you might think, but they do come in many forms. Therefore, you need to find out more about the features of a no annual fee credit card, before you can decide which one is best for you.
Benefits of a No Annual Fee Credit Card
The benefits are obvious right? Well yes, there is a huge benefit in not paying an annual fee on your card, however that fee waiver can snowball into other more financially responsible behaviour too, and that is the real benefit. Features of a no annual fee card which can benefit you:
- You’re not paying for something you don’t use. If you don’t use your credit card very often, then you can be charged for annual fee that’s not really covering any costs or affording you any benefits. It is instead being charged to your account as a purchase and can be just another bill that you don’t need. A no annual fee credit card can save you up to an average of $200-300 a year in annual fees, and some credit cards charge much more.
- You remain in control of maintaining a free credit card. Since you are able to remain in control of your interest charges by using the interest free days, without an annual fee being charged you are able to operate your card entirely fee free, using the bank’s money while your savings earn interest and paying off your balance and avoiding fees – all hallmarks of financially responsible behaviour.
- A long interest free period. A no annual fee credit card deal is often accompanied by a higher interest rate, which in turn comes with a longer interest free period to pay off your balance. This means you can often have as long as 55 days to repay your purchases before they earn interest on a no annual fee card.
How to Compare No Annual Fee Card Deals
Assume nothing in your credit card comparisons and you will be well on your way to making an informed decision. In your comparisons of the top no annual fee credit card deals, make sure you clarify:
- The other features and extras included in the credit card deal. Enjoying having no annual fee on your credit card can mean that some other features have been dropped, so before you start your application, make sure they are features you can live without. The best way to compare no annual fee credit cards is to decide which features are the most important to you, and which ones you don’t care for, and find a credit card provider who has dropped the features you didn’t want in the first place, to make way for a no annual fee offer.
- Is the annual fee $0 for the first year only? Some no annual fee credit card deals will offer a fee waiver for the first year the account is opened, but will charge the full fee the next year and into the future.
- Are there conditions to a $0 annual fee? Other credit cards will require that you spend a certain amount each year on your card to qualify to not be charged the annual fee, so decide whether you can comfortably afford to spend and repay that amount, otherwise keep looking.
For more no annual fee credit card comparisons, view our comparison tables here. You can then follow a secure link directly from the comparison table to start an online application so you can start using your credit card fee free sooner.
Compare the best no annual fee credit cards.
Editors Choice: Best Credit Card Deals
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
|---|---|---|---|---|---|---|---|
|
An excellent balance transfer offer of 1.9% p.a. for 12 months and a standard purchase rate of 12.24% |
12.24% | 17.99% | 1.9% for 12 months | $39 | 0 | |
|
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Excellent credit card, with a 0% p.a. for 6 months balance transfer offer, and pay $0 for the life of the card |
16.99% | 20.75% | 0% for 6 months | $0 | 55 | |
|
Enjoy 1.9% p.a. for 12 months on balance transfers as well as earn 3 Skywards Miles for every dollar spent, plus all the benefits & privileges of a platinum card. |
20.74% | 20.74% | 1.9% for 12 months | $229 | 55 |