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No Annual Fee Credit Cards

What are no annual fee credit cards? How many credit cards with no annual fee are available in the UK card market? What is an annual fee on a credit card?

These are all questions that we have seen UK customers asking, on a regular basis over the last year, on the topic of a credit card with no annual fee.

Credit Card Annual Fee

No Annual Fee Credit Cards

So what is a credit card annual fee? The annual fee can be defined as the yearly amount that a credit card company will charge a customer for having the use of that credit card.

The annual fee is charged once a year to the customer. The credit card annual fee is usually charged on the anniversary of the month the card was first taken out. So if you make a credit card application in January, then your next annual fee would be in the following January.

Those UK credit cards that do currently charge an yearly fee, generally offer some type of rewards to the customer. These rewards can take the form of cashback, airline or hotel rewards points.

Credit Cards With No Annual Fee

No annual fee credit cards are UK credit cards where the card company, or bank, does not charge the customer a yearly fee for the use of the card.

In the UK credit cards with no annual fee, like the Marks and Spencer 0% credit card, for example, are the most common type of cards currently available. There are only a small number of credit cards that do charge a yearly fee, available to new customers.

An annual fee credit card in the UK is now quite rare. Many of the these cards, that were once on the UK card market, are now no longer available to new customers. Some existing customers still use their cards and continue to pay the annual fee. However, many other customers have now switched to using no annual fee credit cards for their daily card usage.

Credit Card Application No Annual Fee

Customers can apply for a credit card with no annual fee online. UK credit cards with no annual fee are offered by most of the main banks and card companies.

There are currently around 60 UK credit cards available online, which have 0% introductory offers. At the time of writing, only 3 of these 0% interest credit cards currently charge an annual or monthly fee.

All of the following featured credit card offers have no annual fee:-


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0% Credit Card Offers

Balance Transfers:
0% for 29 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)
More Information

Credit Card Details

M&S Transfer Plus*
  • 0% for 29 months on balance transfers made within 90 days of account opening
  • 2.75% balance transfer fee, minimum £5
  • 0% on purchases for 3 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

M&S Transfer Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 29 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)
More Information

Credit Card Details

HSBC Balance Transfer*
  • 0% interest for 29 months on balance transfers made within first 60 days of account opening
  • 2.75% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions

0% Credit Card Offers

Balance Transfers:
0% for 24 months
Balance Transfer Fee:
3%
Purchases:
0% for 4 months
Representative APR:
20.6% APR (variable)
More Information

Credit Card Details

Co-operative Bank Balance Transfer
  • 0% interest for 24 months for balance transfers made within 60 days
  • 3% balance transfer fee, minimum £5
  • 0% interest on purchases for 4 months from account opening
  • All successful applicants will receive this exact rate and offer
  • Online account management
  • Annual Fee: None
More Information

Application Criteria

Co-operative Bank Balance Transfer
  • Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
  • You are a UK resident
  • You have annual income of £10,000 or more
  • You are aged 18 or over
More Information
Only available to Co-operative Bank customers
Representative Example: 20.6% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.6% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for 18 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 18 months
Representative APR:
22.9% APR (variable)
More Information

Credit Card Details

HSBC Purchase Plus*
  • 0% interest for 18 months on balance transfers made within first 60 days of account opening
  • 2.9% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
More Information

Application Criteria

HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
Representative Example: 22.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions

0% Credit Card Offers

Balance Transfers:
0% for 22 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 22 months
Representative APR:
21.9% APR (variable)
More Information

Credit Card Details

M&S Shopping Plus*
  • 0% for 22 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 22 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
More Information

Application Criteria

M&S Shopping Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
More Information
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)

A credit card with no annual fee, may however still charge other fees, depending on how a customer uses the card. Using your card to make a credit card cash advance, for example will result in a fee, and will also incur interest charges.

In addition, a balance transfer fee is charged by most credit card companies. This fee will only apply if the customer makes a balance transfer to their card. This balance transfer fee is a percentage of any balance transfer the customer may make.

A credit card without an annual fee, does still offer a customer the other benefits of a credit card. This will include any introductory 0% offers available as well as the purchase protection provided under section 75 of the Consumer Credit Act.

This provides additional purchase protections for the customer and means that your credit card company must take the same responsibility as the retailer, if things go wrong with a purchase, made using your card.


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Published: July 29, 2021, Updated: September 15, 2021 by 0% Credit Card Expert

All 0% credit card deals and offers on this website are updated daily