What sort of person could best use a no annual fee credit card?

No annual fee credit cards are a form of low cost credit card that, rather than charging a lower rate of interest or offerring a generous rewards program, instead do not charge an annual fee. This may seem like an obvious advantage, but it may not be the best choice for everyone.
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Credit Card Annual fees—who needs them?

When browsing credit card offers on U.K. and U.S. websites, one is struck by the lack of annual fees. Competition between credit card providers has mostly done away with them, along with high interest rates and exorbitant fees for balance transfers and other services.

The good news for Australians is, the competition here is heating up, as well. New entries into the Australian credit card industry are expected to bring down both fees and rates—including annual fees, which currently run between $30 and $395. Read the rest of this entry »

Credit Cards with No Annual Fees

Credit cards with no annual fees – where’s the catch?

If you ever want to set your head spinning, just spend some time in playing in the credit card sandpit.  There you’ll find credit cards without annual fees, some with the annual fees waived for the first year, low-rate interest on purchases without any frills, frills or rewards with some of the more expensive cards, and limited time low-interest on balance transfers for differing periods. Read the rest of this entry »