Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

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

BankSA Credit Cards

BankSA No Annual Fee Credit Card

Updated 19 November 2019

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, online secure shopping, 24/7 Falcon Fraud monitoring, and a low minimum card limit.

T&Cs apply. Offer ends 12 February 2020

Purchase Rate (p.a)

20.74%

Balance Transfer (p.a)

0% for 12 months 1% BT fee applies. reverts to 21.49% p.a.

Annual Fee (p.a)

$0

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual card fee
  • 0% p.a. on balance transfers for 12 months. 1% balance transfer fee applies. Variable cash advance rate applies after the promotional period.
  • Add up to 3 free additional cardholders
  • 24/7 Falcon fraud monitoring
  • Up to 55 interest free days on purchases
  • Eligible with Samsung Pay & Google 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 balance transfers, the BankSA No Annual Fee Credit Card is a low cost card that could help cardholders pay off their credit card debt faster, while paying less in interest. Other features offered on this no annual fee card 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 12 February 2020, this offer provides 0% p.a. for 12 months on balance transfers with a 1% balance transfer fee. So, if you have credit card debt that you want to pay off, this card could help you do just that.

Why choose this card to balance transfer onto? A no annual fee card such as this can be the perfect option for a balance transfer. First up, it has no annual fee. That means you can use the money you would have paid out in annual fees to put towards clearing your balance. Secondly, the offer itself is nice and long, giving you a whole year to plug away, clearing your balance month by month.

Lastly, 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. That can make it easier to keep spending to a minimum, while you focus on clearing your transferred balance.

However, even if you don’t need to use its balance transfer offer, this card still has plenty to give – as long as what you want is access to credit, while saving on annual fees. 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 you will pay a 1% balance transfer fee, which will be charged to your account on the same day your balance transfer is processed. You can transfer from up to three non-St.George, Bank of Melbourne and BankSA Australian issued credit, charge or store cards, up to 80% of your approved credit limit.

If you are unable to pay off your transferred balance in full by the end of the intro period, that remaining balance will start accruing interest at the card’s cash advance rate. This is not low, so it’s best to avoid this if possible. Also bear in mind the card’s standard purchase rate is also high, so try to avoid interest by clearing your balance by the due date each month, or avoid spending while paying off a balance transfer.

Why should you choose this card?

Obviously, if you’re looking for a no annual fee card with a great balance transfer 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% p.a. on balance transfers 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 )

58% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value
58%

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.

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee 1% one off

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Melbourne, BankSA, St.George

Credit limits

Minimum credit limt $500

Maximum credit limit $40,000

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2%

Cash advance fee 2%

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 Samsung Pay & Google 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 balance transfers for 12 months. 1% balance transfer fee applies. Variable cash advance rate applies after the promotional period.
  • Receive up to 3 free additional cardholders
  • Up to 55 interest free days on purchases

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Australian permanent resident

  • 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.

(showing the latest 10 Q&As)

Similar Credit Cards

Virgin Money No Annual Fee Credit Card

15 reviews
$0 saved over 36 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.