No Annual Fee Credit Cards Australia (2026)
Compare $0 annual fee credit cards — purchase rates, balance transfer offers, and rewards. Last updated: 18/05/2026
Rates can change without notice. Last verified: 18/05/2026 (AEST). Please confirm details on the bank’s official page.
No annual fee cards cost nothing to hold — making them a good choice as a backup card, for occasional use, or if you want to avoid fixed costs. Some no-fee cards also offer genuinely low purchase rates or rewards programs, so the lack of a fee isn't always a compromise.
| Card | Purchase rate | Balance transfer | Rewards | Annual fee | Action |
|---|---|---|---|---|---|
American Express Low Rate Credit Card | 10.99% p.a. | — | None | $0 | See review |
Heritage Bank Gold Low Rate Credit Card | 11.8% p.a. | 0% for 12m (0% fee) | None | $0 | See review |
Kogan Money Credit Card | 22.74% p.a. | 0% for 18m (2% fee) | Kogan Rewards | $0 | See review |
Coles No Annual Fee Mastercard | 20.74% p.a. | 0% for 12m (5% fee) | Flybuys | $0 | See review |
Which No Annual Fee Card Is Right for You?
- Lowest rate, no fee: American Express Low Rate — 10.99% p.a. with $0 annual fee. Best if you occasionally carry a balance and want to avoid fees. Note: Amex acceptance is narrower than Visa/Mastercard.
- Low rate + BT + no fee: Heritage Bank Gold Low Rate — 11.8% p.a., 0% BT for 12 months with no BT fee, $0 annual fee. The most value-packed no-fee card for balance carriers.
- Rewards, no fee: Kogan Money (Kogan Rewards) or Coles No Annual Fee (Flybuys). Both suit regular Coles/Kogan shoppers who pay in full each month, as the purchase rates (20–22%) are high for balance carriers.
No Annual Fee vs Low Rate Card
Not all no-fee cards are low-rate. Kogan Money and Coles charge 20–22% p.a. — higher than many cards that do charge a fee. If you carry a balance, a low-rate card with a modest fee (like the Bankwest Breeze Classic at $49/year and 12.99% p.a.) may cost you less overall than a no-fee card at 22%. Run the numbers before assuming "no fee" means "cheaper".
FAQs
What is the lowest rate no annual fee card?
American Express Low Rate at 10.99% p.a. — the lowest purchase rate of any no annual fee card on this page.
Do no annual fee cards offer balance transfers?
Some do — Heritage Bank (0% for 12m, no BT fee), Kogan Money (0% for 18m, 2% fee), and Coles (0% for 12m, 5% fee) all offer balance transfers with no annual fee.
Is there a catch with no annual fee cards?
Typically a higher purchase rate (for rewards no-fee cards) or fewer features (e.g., no travel insurance). Always check the purchase rate and any applicable fees (cash advance, foreign transaction) before applying.
Information is general in nature and may change without notice. Check eligibility, current rates, and terms on each provider's website before applying. This is not financial advice. Verified 18/05/2026.