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BankSA No Annual Fee Credit Card
BankSA No Annual Fee Credit Card

BankSA Credit Cards

BankSA No Annual Fee Credit Card

Updated 24 June 2021

A great choice if you want to save money, the BankSA No Annual Fee credit card will charge you no annual fee, ever. Benefit from having 3 additional cardholders at no extra cost, a low minimum card limit and a 0% purchase rate offer for 12 months.

T&Cs apply. Offer ends 30 November 2021

Purchase Rate (p.a)

0%

for 12 months. Reverts to 20.74% p.a.

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual card fee
  • 0% p.a. on purchases for 12 months.
  • Add up to 3 free additional cardholders
  • 24/7 fraud monitoring
  • Up to 55 interest free days on purchases
  • Eligible with Apple Pay, Google Pay and Samsung Pay

  • High purchase rate of 20.74% p.a.

Creditcard.com.au review

Editor Review

BankSA No Annual Fee Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The BankSA No Annual Fee Credit Card

Currently offering 0% p.a. for 12 months on purchases, this no annual fee credit card could help cardholders cut down their card costs. Other features offered include up to 55 days interest-free on purchases, and the option to add three additional cardholders at no extra cost.

What we love...

As the BankSA No Annual Fee Credit Card currently has an intro offer, we’ll cover that first. Offered to new cardholders who apply and are approved before 30 November 2021, this offer provides 0% p.a. for 12 months on purchases.

As it is a fairly basic card, it doesn’t really provide you with any temptation to spend. Unlike rewards cards that reward further spending, or cards with bonus points intro offers that require a minimum spend on the card each month, the BankSA No Annual Fee Credit Card keeps it basic - can make it easier to keep spending to a minimum.

There is no annual fee on this card ever, plus, you can add up to three additional cardholders to the account at no extra cost. This could make your family finances easier to deal with, while providing access to credit to those who need it.

What’s not so great...

Let’s get into some of the small print on that offer. Understand that purchase rate will revert to 20.74% for any unpaid balance after the promotional period.

Why should you choose this card?

Obviously, if you’re looking for a no annual fee card with a great purchase rate offer, the BankSA No Annual Fee Credit Card could be for you. It could also work well for you if you want an everyday money-saver, or you simply don’t want to pay an annual fee to keep a credit card in your wallet. With a $500 minimum credit limit, this card could also work for smaller spenders, or those who want to limit the temptation to overspend.

Bear in mind that if you want to make this card into a real money-saver, make use of its interest free feature, providing up to 55 days interest free on purchases as long as you don’t carry a balance over from a previous month.

Overall Rating

The BankSA No Annual Fee Credit Card helps cardholders save with no annual fee ever, and 0% on purchases for 12 months. Up to 55 days interest free on purchases is offered to cardholders who do not have a balance transfer, and who clear their balance by the due date.

User reviews

BankSA No Annual Fee Credit Card ( based on 2 Creditcard.com.au user reviews )

67% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value
67%

Creditcard.com.au Visitor

28 January 2013

Chose it cos it was no annual fee. Cheap to keep as long as you pay off what you owe at the end of the month.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Introductory purchase rate 0% for 12 months

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limit $500

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2% or $10, whichever is greater

Cash advance fee 2% or $2.50, whichever is greater

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Eligible with Apple Pay, Google Pay and Samsung Pay

Overview

BankSA No Annual Fee Credit Card

Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.

Key features

  • No Annual credit card fee
  • 0% p.a. on purchases for 12 months.Receive up to 3 free additional cardholders
  • Up to 55 interest free days on purchases
  • Eligible with Apple Pay, Google Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian citizen or have a permanent residency visa

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

6 questions (showing the latest 10 Q&As)

Mia

Mia

21 June 2021
Do you post out the account and can I pay the account at a branch
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 June 2021
    Hi Mia, there’s a few ways you can pay your account. The BankSA site states that you can pay via BPAY, Internet or Phone Banking, at a BankSA ATM or via the BankSA AutoPay feature.
Jason

Jason

7 May 2021
I just want to confirm that with this card all purchases for the first 12 months will not incur any interest? After the 12 months any balance will be charged at 20.74%. Are there any conditions on the purchases that receive the no interest offer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 May 2021
    Hi Jason, thanks for your question. There are certain conditions that are not included in the no interest offer. According to the BankSA site, the following are ineligible: interest, fees and charges, refunds and balance transfers, cash or ATM cash advances, cash equivalent transactions, payments to the Australian Tax Office, gambling transactions, government charges, BPAY or similar transactions.
carmela

carmela

6 April 2021
Hi Roland.. Would we need to make a certain number of transactions? also would my husband have to come in personally.. he does not do well sorting out financial things.. i just want him to have a card so his pension can be deposited and also.. should anything happen to me he can use his own credit card..
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 April 2021
    Hi Carmela, you don't need to make a certain number of transactions on a credit card. And you can add an additional cardholder online, so he wouldn't need to go into a branch to apply. He could use the card on his own but you will remain responsible for the account and the payments. Should anything happen where you become incapable of managing the account, his card would be closed along with your primary one. With respect to the pension, this is a credit card, not a transaction or savings account - so you can't deposit payments in it like that. I hope that helps.
carmela

carmela

4 April 2021
I am looking for a credit card for two account holders, myself and my partner. Mainly do not want annual fee.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 April 2021
    Hi Carmela, the BankSA No Annual Fee card has a $0 annual fee and you can add up to 3 additional cardholders for $0 as well.
peter

peter

4 January 2021
what is balance transfer fee mean
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 January 2021
    Hi Peter, a balance transfer fee is the amount you pay on top of your balance transfer. Lets look at this offer with a 1% balance transfer fee. If you successfully transfer $5,000. Then the total balance transfer amount becomes $5,050. The $50 fee is 1% of the balance transfer amount. You still have the full 12 months at 0% interest to pay off the amount.
Les

Les

1 May 2020
I'm a pensioner with a low income in the form of a uk state and private pension. I do not have any debts own my house and have savings in an term investment account. Recommendations if any please. Les
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 May 2020
    Hi Les, its tough getting a new credit card when you are a pensioner. No annual fee cards tend to a total no go. They have higher income requirements generally. I would speak to your everyday bank where your pensions are deposited. See what they may be able to offer. From BankSA, I would look at the vertigo credit card. COVID is making approvals even more difficult at this time.

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