- No annual fee
- 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
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BankSA Credit Cards
BankSA No Annual Fee Credit Card
Updated 2 December 2024
A great choice if you want to save money, the BankSA No Annual Fee credit card will charge you $0 annual fee, ever. Benefit from having 3 additional cardholders at no extra cost, and a low minimum card limit.
Purchase Rate (p.a)
21.99%
Annual Fee (p.a)
$0
Pros and cons
- High purchase rate of 21.99% p.a.
Creditcard.com.au review
Editor Review
BankSA No Annual Fee Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The BankSA No Annual Fee Credit Card
A no annual fee credit card that could help cardholders cut down their card costs with up to 55 days interest-free on purchases, and the option to add three additional cardholders at no extra cost.
What we love...
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.
Why should you choose this card?
If you’re looking for a no annual fee card, 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 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
Rates and fees
Interest rates
Purchase rate 21.99% p.a.
Cash advance rate 21.99% 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 3%
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
Fraud Money Back Guarantee
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 fee ever
- Up to 3 free additional cardholders at no extra cost
- Up to 55 interest free days on purchases
- Eligible with Apple Pay, Google Pay and Samsung Pay
Minimum criteria to apply for this card
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Be over 18 years old
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Good Credit and have not applied for multiple credit cards recently
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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 9 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
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question9 questions (showing the latest 10 Q&As)
if I hold this Credit Card can I give my brother a card as well?
Hi Gary, yes as long as he’s over 16 years old. Just remember that as the primary cardholder, you’re still responsible for all the transactions that go onto your account.
I'm on a disability pension but is waiting for a income protection payment to come through & some of my super fund. I was wondering if I could get a small loan. Round about $1500. If possible. THANKS Beth.
Hi Beth, we review credit cards but we’re not a lending institution, so we can’t organise a loan for you. There are credit cards that have promotional periods where you won’t pay interest, which would allow you to access some funds and pay it off before the interest kicks back in. However, being on a pension might make it difficult to get approval. Your other option is to search online for companies that offer small personal loans. I hope that helps Beth, all the best.
When I purchase something how much is the fee
Hi Nicole, the BankSA No Annual Fee card offers a 0% interest rate on purchases for 12 months. However, to take advantage of this promotion, you must make at least the minimum payment by the due date each month. Once the promotional period ends, the purchase rate will go back to 20.74% and any remaining balance will be subject to that interest rate.
Do you post out the account and can I pay the account at a branch
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.
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?
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.
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..
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.
I am looking for a credit card for two account holders, myself and my partner. Mainly do not want annual fee.
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.
what is balance transfer fee mean
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.
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
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.
Creditcard.com.au Visitor
28 January 2013Chose 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