BankSA No Annual Fee

Mozo snapshot:

For credit card customers who want to make sure they always pay their bill on time, the BankSA No Annual Fee may be the perfect piece of plastic. The card comes with a bunch of great features, such as the 0% balance transfer offer for 12 months (1% BT fee), 3 free additional cardholders and up to 55 interest free days. Although, in return for the lack of annual fee, you’ll be holding a card with a 20.74% purchase rate.

Key features:

Arguably the most enticing aspect of the BankSA No Annual Fee credit card is that you won’t have to pay a fee just for having it in your wallet. The great thing about this is that if you make sure to pay off your spending each month before the purchase rate kicks in, you’ll effectively be able to use the card for free.

To make doing so super simple, you’ll have up to 55 interest free days each month to pay off your balance and avoid the 20.74% purchase rate.

The card offers a 0% balance transfer rate for the first 12 months, giving you some breathing room to pay off lingering debts from other cards in that first year. Be aware that any debt transferred onto BankSA No Annual Fee will come with a 1% balance transfer fee and after 12 months, the 0% balance transfer rate jumps to 21.49% for any balance leftover.

You’ll also have the option for 3 free additional cardholders, so you can share the account with your family for no additional cost.

Who it's good for:

If you're the kind of spender who pays your balance in full and on time each month, the BankSA No Annual fee credit card might be the right fit for you, because with no annual fee to worry about, you’ll be able to use the card basically for free.