The following table outlines low annual fee credit cards offered within Australia with an annual fee of $100 or less. The low annual fee credit cards listed below will most likely have fewer features and rewards than more expensive credit cards but they tend to offer more than a no annual fee credit card. Find more information on low annual fee credit cards.
- Click on table items to expand and learn more
- Select credit cards to add to your shortlist to see more in-depth comparison. Maximum of 4 cards at a time.
Credit Card |
Interest Rate |
Balance Transfer Rate |
Interest Free Days (up to) |
Annual Fee |
Rewards |
|
|
ANZ Balance Visa
|
14.49% p.a.
|
N/A
|
0% 55 days
|
$79 ($57 p.a. + $22 Rewards Program Fee)
|
Cashback, Shopping, Good Times
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $79
- Range of vouchers and gift certificates
- 24/7 monitoring of suspicious transactions
- You must have an income of over $15,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 14.49%. Cash advances have an annual interest rate of 21.74%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 14.49%.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 14.49% on any purchases you make.
This credit card has an annual fee of $79 ($57 p.a. + $22 Rewards Program Fee)
You can earn up to 1 rewards points for every dollar you repay to your balance, including repayments to purchases, fees, interest, cash advances and repayments on balances transferred. You can redeem points for cashback, shopping vouchers and gift cards.
|
|
ANZ First Visa
|
0% for first 3 months then reverts to 19.24%
|
0% p.a.
for 3 months
|
0% 44 days
|
$30
|
No rewards
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $30
- 24/7 monitoring of suspicious transactions
- Add 3 additional cardholders at no extra cost
- No reward scheme available
Special offer: 0% p.a. for the first 3 months (ends 13.03.2012). After this period you will be charged an annual interest rate of 19.24%. Cash advances have an annual interest rate of 20.99%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 19.24%.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.24% on any purchases you make.
This credit card has an annual fee of $30
You do not receive rewards on this card.
|
|
ANZ Frequent Flyer Platinum
|
19.74% p.a.
|
N/A
|
0% 55 days
|
$295 p.a.
|
Qantas Frequent Flyer
|
|
- Earn up to 1 Frequent Flyer point for every dollar you spend
- 24/7 monitoring of suspicious transactions
- If you are a non-permanent Australian resident you must have an income of $50,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.74%. Cash advances have an annual interest rate of 20.99%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 19.74%.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.74% on any purchases you make.
This credit card has an annual fee of $295 p.a.
You can earn up to 1 Qantas Frequent Flyer point for every dollar you spend and your points are not capped as long as your card stays active. You can redeem points for Qantas travel services.
|
|
ANZ Low Rate MasterCard
|
0% for first 3 months then reverts to 13.24%
|
0% p.a.
for 3 months
|
0% 55 days
|
$58 p.a.
|
No rewards
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $58
- Range of discounts and vouchers
- 24/7 monitoring of suspicious transactions
- No reward scheme available
Special offer: 0% p.a. for the first 3 months (ends 13/03/2012). After this period you will be charged an annual interest rate of 13.24%. Cash advances have an annual interest rate of 21.49%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 13.24%.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 13.24% on any purchases you make.
This credit card has an annual fee of $58 p.a.
You do not receive rewards on this card.
|
|
Aussie MasterCard
|
9.99% first 12 months (reverts to 13.29%)
|
2.99% p.a.
12 months
|
0% 55 days
|
$49 p.a.
|
No rewards
|
|
- Enjoy all the benefits of this card and pay only $49 for the annual fee
- A low interest rate of 9.99% for the first 12 months
- No balance transfers between Aussie cards
- You must have an income of over $50,000 p.a. for non-permanent Australian residents
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an interest rate of 9.99% for the first 12 months, then the rate reverts to 13.29% p.a. Cash advances have an annual interest rate of 19.99%.
Enjoy a rate of 2.99% on balance transfers for up to the first 12 months. Once the 2.99% period ends you will be charged an interest rate of 9.99% for the first 12 months, then the rate reverts to 12.99% p.a. on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate of 9.99% for the first 12 months, then the rate reverts to 13.29% p.a. on any purchases you make.
This credit card has an annual fee of $49 p.a.
There are no rewards for this credit card.
|
|
Citibank BP MasterCard
|
20.89% p.a.
|
0% p.a.
6 months
|
0% 55 days
|
$89 p.a.
|
Cashback
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $89
- 0% p.a. balance transfer for 6 months + $50 cash back on first spend
- You must have an income of over $20,000
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.89%. Cash advances have an annual interest rate of 21.39%.
Enjoy an interest rate (per annum) of 0% on balance transfers for up to the first 6 months. Once the 0% period ends you will be charged an annual interest rate of 21.39% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.89% on any purchases you make.
This credit card has an annual fee of $89 p.a.
Earn $50 cash back on first spend and you can earn 5% cashback on purchases at BP or every day purchases earn you 0.5% cashback on the first $5,000 you spend.
|
|
St.George Platinum Credit Card
|
15.99% p.a.
|
3.99% p.a.
6 months
|
0% 55 days
|
$89 p.a.
|
Discounts
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $89
- Free shopping and travel insurances
- 24/7 access to the Personal Concierge Service
- No balance transfers between St.George or BankSA
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 15.99%. Cash advances have an annual interest rate of 21.49%.
Enjoy an interest rate (per annum) of 3.99% on balance transfers for up to the first 6 months. Once the 3.99% period ends you will be charged an annual interest rate of 15.99% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 15.99% on any purchases you make.
This credit card has an annual fee of $89 p.a.
You revcieve instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.
|
|
St.George Vertigo MasterCard
|
13.24% p.a.
|
0.99% 6 months
|
0% 55 days
|
$55 p.a.
|
Discounts
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $55
- Range of discounts through St.George Instant Benefits
- 24/7 monitoring of suspicious transactions
- No balance transfers between St.George or BankSA
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 13.24% for 6 months, then the interest rate moves to 12.24% p.a. Cash advances have an annual interest rate of 21.49%.
Enjoy an interest rate (per annum) of 0.99% on balance transfers for up to the first 6 months. Once the 0.99% period ends you will be charged an annual interest rate of 13.24% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 13.24% on any purchases you make.
This credit card has an annual fee of $55 p.a.
You receive instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.
|
|
Suncorp Clear Options Standard Credit Card
|
12.74% p.a.
|
N/A
|
0 days
|
$27 (usually $55)
|
No rewards
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $27
- Range of entertainment offers
- You must have an income of over $20,000
- After N/A months, balance transfers have a cash advance interest rate of 21.99% p.a.
You will be charged an annual interest rate of 12.74% on all purchases and 21.99% on all cash advances.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 12.74%.
There is no introductory purchases offer on this product and any purchases will incur 12.74% interest rate.
This credit card has an annual fee of $27 (usually $55)
You do not receive rewards on this card.
|
|
St.George Amplify Credit Card
|
18.74% p.a.
|
0.99% p.a.
6 months
|
0% 55 days
|
$79 p.a.
|
Amplify Rewards
|
|
- Enjoy all the benefits of this card and pay a low annual fee of $79
- Range of discounts through St.George Instant Benefits
- 24/7 monitoring of suspicious transactions
- No balance transfers between St.George or BankSA
Up to 55 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 18.74%. Cash advances have an annual interest rate of 20.74%.
Enjoy an interest rate (per annum) of 0.99% on balance transfers for up to the first 6 months. Once the 0.99% period ends you will be charged an annual interest rate of 18.74% on the transferred balance.
You will not be charged interest on any purchases for the first 55 days. Once the 0% period ends you will be charged an interest rate (per annum) of 18.74% on any purchases you make.
This credit card has an annual fee of $79 p.a.
You receive instant discounts and added extras with St.George Instant Benefits such as entertainment and shopping vouchers.
|
|
ANZ Frequent Flyer
|
19.74% p.a.
|
N/A
|
0% 44 days
|
$95 p.a.
|
Qantas Frequent Flyer
|
|
|
Up to 44 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 19.74%. Cash advances have an annual interest rate of 20.99%.
There is no introductory balance transfer offer on this card and any balance transfers will incur an interest rate (per annum) of 19.74%.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 19.74% on any purchases you make.
This credit card has an annual fee of $95 p.a.
You can earn up to 1 Qantas Frequent Flyer point for every dollar you spend and your points are not capped as long as your card stays active. You can redeem points for Qantas travel services.
|
|
Virgin Flyer Credit Card
|
20.99% p.a.
|
1.9% p.a.
9 months
|
0% 44 days
|
$99 p.a.
|
Travel, Shopping
|
|
|
Up to 44 days interest free from the date the purchase is made, after this period you will be charged an annual interest rate of 20.99%. Cash advances have an annual interest rate of 20.99%.
Enjoy an interest rate (per annum) of 1.9% on balance transfers for up to the first 9 months . Once the 1.9% period ends you will be charged an annual interest rate of 20.99% on the transferred balance.
You will not be charged interest on any purchases for the first 44 days. Once the 0% period ends you will be charged an interest rate (per annum) of 20.99% on any purchases you make.
This credit card has an annual fee of $99 p.a.
Earn 1 Velocity Point per $1 spent up to $1,500 per month and then 1 Velocity Point for every $2. Buy a Virgin Blue seat with your new card and we'll give you a second seat for free, up to 4 times a year including Blue Saver fares.
|
What is an annual fee?
Most credit cards incur an annual fee and these can range from $50 to $400, depending on the features and rewards the card provides.
Customers are often tempted to sign up to cards with higher annual fees because of benefits such as free travel insurance, extended product warranty, reward programs, cashback, frequent flyer programs and even personal concierge services that can plan and organize your trips.
However, these top end credit cards come at a considerably high annual fee and unless you regularly use your credit card for large purchases or frequently travel, then the cost of the annual fee quickly outweighs the benefits of the card.
What is a low annual fee credit card?
We have defined a low annual fee credit card as $100 or less per year, which works out to be about $8 per month and about 30 cents per day.
A low annual fee credit card is best suited to people that accumulate a small amount of credit card debt and who enjoy the instant or general rewards that low annual fee cards provide, such as the St. George Instant Savings scheme.
However, if you find that you regularly use your credit card for expensive purchases and generate a large amount of debt, you should consider a dedicated reward, cash back or frequent flyer credit card or a gold or platinum credit card as these will provide more value for your money.
Low annual fee credit card – our recommendations
A low annual fee credit card might save you a few hundred dollars per year, which is a sensible saving if you don’t spend enough to redeem credit card rewards. However, if you are unable to repay your credit card debt before the interest free period expires, the interest fees will end up costing you more than the savings you would make from a low annual fee.
Recommendation: always pay off your credit card debt before the interest free period has expired, otherwise the interest fees can easily surpass the money you save from a lower annual fee.
Latest News