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  • No Annual Fee Credit Card

    No annual fee credit cards are offered by a few financial institutions in Australia. There is no real difference in the use of such a card compared to the range of credit cards offered in Australia other than there is no annual fee.

    Not all financial institutions in Australia offer fee free credit cards. This is for a variety of reasons which may include the fact that they have agreements with third party programs such as with a frequent flyer company and it may not be feasible for a credit card company to offer a card for a zero dollar annual fee.

    Comparing no annual fee credit cards

    It may seem like the best option to sign up for such a card however there are things consumers must look out for as no fee credit cards can come at another price. When comparing credit card deals ensure that you check what the interest rate for the card is. These cards generally have a higher interest rate than other credit cards with an annual fee. Inclusion into rewards programs may be non-existent, this means that generally cards with no annual fees will not offer any sort of rewards program where points can be accumulated in exchange for goods or services such as flights nation wide or internationally.

    Know your credit card spending habits!

    If you are the type of person who purchases goods on their credit card and always pays the balance in full each and every month then this could be the type of card for you.

    Some consumers will apply for a no annual fee credit card for emergency purposes. As having such a card will not cost you anything to have in your wallet and can come in handy when an emergency arises that you require funds for.

    Ensure that you clearly understand what the financial institution means about no annual fees. Some banks may offer a no annual fee on their card for the first year only, then each year after that you will have to pay a premium just to keep the card. If you require a credit card longer than a year then make sure the credit card issuers offer a no annual fee for the life of the card.


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No annual fee credit cards are offered by a few financial institutions in Australia. There is no real difference in the use of such a card compared to the range of credit cards offered in Australia other than there is no annual fee. Not all financial institutions in Australia offer fee free credit cards. This [...]