No Annual Fee Credit Cards

Do you currently pay an annual fee to use your credit card? Are you getting enough in return for paying an annual fee? Although annual fees are quite common in the credit card industry, you do have an option: find a no annual fee credit card. With this type of card, you never have to pay an annual fee – not a single dollar. Instead, you can continue to use your credit card, day after day, without having to worry about paying a fee once per year. Although the selection of credit cards with no annual fee is comparatively small, you do have several options to choose from.

	credit card details	purchase rate (p.a.)	balance transfer (p.a.)	balance transfer period	annual fee	online application

	credit card details	purchase rate (p.a.)	balance transfer (p.a.)	balance transfer period	annual fee	online application
	ANZ Platinum Credit Card Platinum level features with an excellent offer on balance transfers & purcahses.	0% for 6 months (reverts to 19.24%)	0%	6 months	$0	top choiceApplication
	Qantas American Express Discovery Credit Card No annual fee. Earn 1 point per dollar. Get up to 10,000 QFF points if you apply before 31-Mar-12.	20.74%	-	-	$0	editor's choiceApplication
	Bankwest Zero MasterCard No frills credit card with no annual fee for life & reasonable interest rates.	1% for 6 months (reverts to 17.99%)	4.99%	12 months	$0	editor's choiceApplication
	American Express Gold Ascent Credit Card Earn 1 Membership Rewards point per $1. Redeem on 7 airline rewards partner programs.	0% for 6 months (reverts to 20.74%)	-	-	$0	Application
	Bankwest Zero Platinum MasterCard Platinum level credit card with reasonable interest rates & a useful concierge service.	1% for 6 months (reverts to 17.99%)	4.99%	12 months	$0	Application
	HSBC Credit Card 0% on balance transfers for 6 months and no annual fee, ever.	17.99%	0%	6 months	$0	Application
	HSBC Platinum Credit Card 0% on balance transfers for 6 months. No annual fee for the 1st year. Platinum priveleges.	19.99%	0%	6 months	$0	Application
	Suncorp Clear Options Standard Credit Card One of the cheaper credit cards available, especially for purchases.	12.74%	-	-	$27	Application
	Westpac 55 Day Credit Card Cheap credit card with low ongoing rates and fees. Fast 60 second approval.	0% for 5 months (reverts to 19.59%)	3.99%	6 months	$0	Application
	Virgin No Annual Fee Credit Card Never pay an annual fee ever again. Low balance transfer rates.	18.99%	2.9%	6 months	$0	Application
	Woolworths Qantas Credit Card Earn 1 Qantas Frequent Flyer point per dollar spent.	19.99%	-	-	$0	Application

Help with Choosing a No Annual Fee Credit Card

Finding a credit card without an annual fee is generally a simple process. But as with any credit card, you don’t want to get caught thinking that they are all identical. Just because two cards share the benefit of no annual fee does not mean that the rest of the features are the same. Here are several points to consider as you compare no annual fee credit card deals.

• How long does this last? – Believe it or not, some credit cards simply waive or discount the annual fee the first year. After that, you are required to pay the full fee. This is something that you need to be aware of.
• Know what other features you are getting – No annual fee is a big deal, but there are other features that you may be interested in as a consumer. For example, there are no annual fee credit cards that also have a great rewards program. There are also those with a lower than average balance transfer rate. Besides no annual fee, what else is important to you?

Pros

• Never again have to worry about paying an annual fee – As you know, some credit cards have a fee of $100, and often much more. This is money that comes out of your pocket every year regardless of how much you use the card. Thanks to a credit card with no annual fee, you can forget about this problem forever.
• Additional features – The main benefit may be the ability to avoid an annual fee, but this is far from the only advantage. As you compare your options, you will find that most no annual fee cards have other benefits such as a rewards program or low purchase interest rate.

Cons

• Not all no annual fee deals last forever – There is nothing worse than thinking that you are avoiding an annual fee, only to find out that this was simply waived the first year. If you truly want a no annual fee credit card, make sure the deal is for the life of the account.
• Fewer options – You will not have any problem finding a handful of credit cards with no annual fees, as there are always a few offers available on the market. However, you should expect to find that many deals still have an annual fee. This can often make it difficult to apply for a card that offers every benefit you are interested in.