- No annual fee
- 0% p.a. on purchases for 12 months.
- Up to 3 additional cardholders at no extra cost
- 24/7 fraud monitoring
- Up to 55 interest free days on purchases
- Eligible with Apple Pay, Google Pay and Samsung Pay
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.
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 31 December 2022, 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.
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.
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.
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.
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
Minimum credit limit $500
Maximum credit limit N/A
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 3%
Late payment fee $15
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
Fraud Money Back Guarantee
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.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
You have permanent residency in Australia/NZ OR; You’re a non-resident or migrant and hold an acceptable Visa, with a min 1 year before expiry
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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