No annual fee credit cards
The table below shows a range of no annual fee credit cards from our Online Partners.
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The initial results in the table above are sorted by Star Rating (High-Low) , then Annual fee (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, see top of table for details.
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About No Annual Fee Credit Cards
Credit cards can come with a range of fees and charges. From annual fees to late payment fees to international transaction fees, the cost of having a credit card can quickly add up over time. For this reason, it could pay to compare the different types of credit cards on offer. You can use the table at the top of this page to compare different types of credit cards.
What is a no annual fee credit card?
A no annual fee credit card is a card that has an annual fee of $0. Some cards may come with a $0 fee for the entire time you hold the card, and others might do so for a limited time – the first year, for example – as an introductory offer, or as long as you meet specific spending criteria.
Choosing a credit card without an annual fee could cut down your ongoing costs. However, there is usually a trade off. While there are some no- or low-fee cards that do come with features like rewards programs, it’s usually the case that the lower the fee on the card, the fewer bells and whistles it will have.
How does a credit card with no annual fee work?
No annual fee credit cards work the same way as a normal credit card would, except you don’t need to pay a fee to keep the card open. This in turn means you’re also more likely to find that no annual fee credit cards are less likely to come with a rewards program or features such as complimentary travel insurance and airport lounge access.
You may also find that while there are no annual fees, other card fees such as ATM cash advances, foreign transactions, balance transfer and late payment fees are higher. The interest or purchase rate on no annual fee credit cards may also be higher.
Potential pros and cons of no annual fee credit cards
There are different types of no annual fee credit cards on the market. The benefits and drawbacks will depend on the individual credit card, as well as how you plan to use the card.
Potential pros
- May save you money over the life of the card compared to the cards with annual fees.
- May still come with some useful features, such as access to a rewards program.
Potential cons
- May be basic products and come with no rewards program or other extra features you may be looking for.
- May only have a $0 annual fee for a limited time or as long as you meet certain requirements, which might not suit your circumstances.
Frequently Asked Questions about Credit Cards with no annual fee
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Canstar Credit Card Star Ratings and Awards
Looking for an award-winning credit card product or to switch providers or brands? Canstar rates products based on price and features in our Credit Card Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall.
Canstar rates a range of financial products, covering banking, insurance and investment. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.
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About the authors
Nina Rinella, Editor-in-Chief
Joshua Sale, Group Manager, Research & Ratings
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Important information
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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.