Credit cards with no late payment fees

Some credit cards do not charge a fee for late payments. Compare the best options here.

By   |   Verified by David Boyd   |   Updated 2 Nov 2023

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Comparing credit cards with no late payment fees

NAB StraightUp Credit Card

NAB StraightUp Credit Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Get the newest credit card from NAB - simple, cheap and most of all no interest charges!
  • No Use, No Pay. If you don't use your NAB StraightUp credit card during the whole statement period, the monthly fee will be reversed. No surprise charges!
  • Use your card to pay foreign currency and enjoy no foreign transaction fees!
  • Predictable fixed minimum payments based on your credit limit, giving you certainty of what to pay each month.

Pros

  • Charges a monthly fee based on your selected credit limit.
  • The monthly fee will be reversed if you do not have any outstanding balance or purchase.
  • No interest charges or other fees, including foreign currency fees and late payment fees.

Cons

  • No rewards program for this card.
  • No balance transfers or cash advances.
Bank Australia Low Rate Visa Credit Card

Bank Australia Low Rate Visa Credit Card

Balance transfer

N/A

Purchase rate

9.39% p.a. ongoing

Annual fee

$59.00 p.a. ongoing

Highlights

  • Low 9.39% p.a. interest rate on purchases and cash advances.
  • Annual fee of $59 p.a.
  • Minimum credit limit of $1,000.

Pros

  • Low 9.39% p.a. interest rate on purchases.
  • Cash advances are also charged at the competitively low rate of 9.39% p.a.
  • Annual fee of $59 p.a.
  • Minimum credit limit of $1,000.

Cons

  • No interest-free days at all.
  • No balance transfer offer as of the moment.
CommBank Neo

CommBank Neo

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • No interest, no late fees.
  • A choice of three credit limits; $1,000, $2000 or $3,000
  • Simple monthly fee of $12, $18 or $22, based on your credit limit.

Pros

  • No interest, no late fees.
  • No foreign exchange or additional cardholder fees.
  • Cashback benefits for eligible cardholders.

Cons

  • No Awards points for this card.
  • Low credit limits.
  • No balance transfers.
Community First Bank n0w Credit Card

Community First Bank n0w Credit Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

N/A

Highlights

  • No interest on purchases or cash advances (cash advance fee applies).
  • Choice of three credit limits each with a different monthly fee.
  • Minimum repayment of 2.5% of the closing balance of your statement or $20 (whichever is greater).

Pros

  • No interest on purchases or cash advances.
  • Low monthly fee starting from $9.
  • No annual fee or late payment fee.

Cons

  • Repayments aren't in fixed instalments like with Afterpay.
  • There's a $3 cash advance fee (but no interest).
  • The maximum credit limit isn't very high, but some will see the benefit in that.

Credit card late payment fees are completely avoidable simply by paying your statement on time, either manually or with a direct debit. However, if you are still paying late because of cash flow issues or poor account management, a credit card with no late payment fee could save you money each month.

What is the best credit card with no late payment fee?

The best credit card for you depends on your own financial situation. Here are some things to check before deciding which to apply for.

  • No late payment fee. The cards listed on this page do not charge a fee for late payments.
  • Annual fee. Check how much it will cost to keep the account open. The lower this fee is, the better. Note that some credit cards with no late fees charge a monthly fee instead of an annual fee (which may even be waived if you don't use it).
  • Purchase rate. Some credit cards with no late fees do not charge interest at all, and others do.
  • Cash advances. No interest credit cards typically block cash advances.
  • Balance transfers. If you choose a no interest credit card, you won't be able to transfer a balance to your new card.

Pros and cons of credit cards with no late fees

Before applying for a new credit card, there are a few details to consider first.

Pros

  • Save money. Late fees can add up, especially if you are habitually late.
  • Less stress. Knowing you won't get charged extra fees can take the pressure off.

Cons

  • It could encourage poor account management. With no penalty fee, you may feel like you can take a generally more relaxed approach to credit.
  • Most no late fee credit cards lack basic functions. For example, no interest credit cards may not charge a late fee, but they also don't allow cash advances, balance transfers, additional cardholders, etc.

Eligibility

If you have recent missed payments, it may be more difficult to get approved. Check your credit score to see what's on your report before applying. If your report has recent missed payments or bad credit, work on improving your credit score before applying for a new card.