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Bank of Melbourne No Annual Fee

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
Annual fees
$0
Interest free days on purchases
55

Mozo editorial review Bank of Melbourne No Annual Fee

Last updated: 13 August 2020.

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What's hot
  • No annual fee
  • 0% balance transfer rate for 12 months (1% BT fee)
  • Up to 55 interest free days
What's not
  • 20.74% purchase rate
Mozo snapshot

The Bank of Melbourne No Annual Fee credit card has two main features that you’ll want to take note of: the first is the lack of annual fee and the second is the 0% balance transfer rate for 12 months (1% BT fee). The card also has up to 55 interest free days and the option for 3 free additional cardholders. One thing to keep in mind is that the card does have a high 20.74% purchase rate.

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Key features

One great thing about the Bank of Melbourne No Annual Fee credit card, is the fact that because there's no annual fee, if you pay off your balance each month before the interest kicks in, it’s effectively free. However, you’ll want to make sure you do pay your bill in full each month, because if you don’t you’ll be stuck paying 20.74% interest. To help you keep on top of your balance and avoid that you’ll have up to 55 interest free days to pay off your spending.

The Bank of Melbourne No Annual Fee card also has a 0% balance transfer rate for 12 months (apply before 30 September 2020). So if you’re looking to transfer some existing debt onto the card, you’ll have a solid year to clear that balance before you have to pay any interest on it. But keep in mind that after that year is up, the interest rate on any leftover debt moves up to 21.49%.  Plus, remember that there’s a 1% balance transfer fee on any debt you do move to the card.

The card also comes with the option to have 3 free additional cardholders, so if you’re looking to share the Bank of Melbourne No Annual Fee credit card with some family members, you can do so with no extra cost.

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Who is it good for

The combination of having no annual fee and a relatively high interest rate means that the Bank of Melbourne No Annual Fee card is best for thrifty spenders who make sure to always pay their credit card balance off in full, each and every month.

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Any catches

The obvious catch is the high 20.74% purchase rate. It means that carrying a lingering balance on your card can come back to bite you (or your budget) real quick.

Details

Rates and fees information correct as at 30 November 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 20.74% p.a.

  • none

  • 0% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $0.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $2.00

  • $10.50

  • none

Features
  • $10.00

  • 2.0

  • 3

  • none

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are Bank of Melbourne credit cards rated by the Mozo community?

Overall
7.4/10
Price
6.7/10
Features
6.2/10
Customer service
7.3/10
Convenience
7.4/10
Trust
7.5/10

Latest reviews of Bank of Melbourne No Annual Fee

  • Overall 5/10
    Nothing special.

    Card is okay. It’s linked to my home loan but I'll change products when I refinance and go back to my existing bank.

    Read full review

    Card is okay. It’s linked to my home loan but I'll change products when I refinance and go back to my existing bank.

    Price
    6/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    5/10
    Trust
    7/10
    Less
    Rochelle, Victoria reviewed 6 months ago
  • Overall 8/10
    Good customer service.

    I am happy to bank with Bank of Melbourne. Have been a customer for over 5 years. Includes a home loan too. Competitive interest rate, banking fees are ok. Mainly less hassle.

    Read full review

    I am happy to bank with Bank of Melbourne. Have been a customer for over 5 years. Includes a home loan too. Competitive interest rate, banking fees are ok. Mainly less hassle.

    Price
    10/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Saleela, Victoria reviewed about 1 year ago
  • Overall 7/10
    Good customer service

    They gave me a Bank of Melbourne credit card to pay for my car repairs and then helped me with my repayments when I got into trouble

    Read full review

    They gave me a Bank of Melbourne credit card to pay for my car repairs and then helped me with my repayments when I got into trouble

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Margaret, Victoria reviewed about 1 year ago
  • Overall 8/10
    Satisfactory

    No money debit card is all I have. Service could be better.

    Read full review

    No money debit card is all I have. Service could be better.

    Price
    8/10
    Features
    7/10
    Customer service
    4/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Kelly, Victoria reviewed about 2 years ago
  • Overall 6/10
    Could be a bit better

    Not bad at all, but could be a bit better.

    Read full review

    Not bad at all, but could be a bit better.

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Fabian, New South Wales reviewed almost 3 years ago
Bank of Melbourne

About Bank of Melbourne

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

See Bank of Melbourne credit cards

Bank of Melbourne

Bank of Melbourne

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

Bank of Melbourne

Bank of Melbourne

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

0% p.a. for 7 months then 19.74% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$99 $0 in the first year

Bank of Melbourne

Bank of Melbourne

Amplify Signature

19.74% p.a.

0% p.a. for 6 months and then 21.49% p.a.

$279 $139 in the first year

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Platinum Credit Card

19.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$149 $0 in the first year

CUA Platinum Rewards

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Citi

Citi

Rewards - e-voucher Offer

Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Amplify Rewards

$99 $0 in the first year

No current offer

1 point uncapped

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

St.George

St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

ANZ

ANZ

First

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Bank of Melbourne

Bank of Melbourne

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Platinum Credit Card

19.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$149 $0 in the first year

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year