6 Month Interest Free Credit Card

Information verified correct on February 20th, 2017

Pay no interest for 6 months or more with interest-free credit cards

You can enjoy 6 months interest free on purchases and balance transfers by taking advantage of 0% introductory interest free credit cards. In this guide we explain how 6 month interest free credit cards work and answer the most commonly asked questions when applying for this type of credit card offer.

Interest-free credit card comparison

Rates last updated February 20th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Up to 55 days on purchases Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Rewards points with your purchases and pay no interest with 0% p.a. for 12 months on purchases and 0% p.a. for 6 months on balance transfers.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Up to 44 days on purchases Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info
Westpac Altitude Card
Enjoy a balance transfer offer of 0% p.a. for 12 months and 0% p.a. on purchases for 6 months.
0% p.a. for 6 months (reverts to 20.24% p.a.) 0% p.a. for 12 months $100 p.a. Up to 45 days on purchases Go to site More info

Frequently Asked Questions about 6 month interest-free credit cards

How will a credit card with 6 months interest free benefit me?

Considered as a 'shorter term' offer, credit cards with 6 months interest free provide you with a period of interest-free purchasing, balance transfers or both. This can allow you to manage your finances and repay any outstanding balances with no interest.

Which transactions will qualify for no interest?

Only eligible purchases will receive 0% interest. Eligible purchases are everyday purchases and exclude cash transactions.

Keep in mind that using your credit card to withdraw cash from ATMs may result in those amounts being charged interest. There are some bills you may wish to pay that can be classified as cash transactions as well, along with transferring money from your credit card account over to a different bank account.

Any cash transaction made using your card will attract interest rates at the cash advance interest rate. If you’re serious about maintaining a true interest free credit card, you’ll benefit by keeping your card aside to pay for purchases only. If you really need to withdraw cash, find ways to use your own cash instead.

Types of credit card interest

  • Purchase interest. Charged on transactions which qualify as eligible purchases (exclude cash withdrawals and cash equivalent transactions).
  • Balance transfer interest. The interest rate charged on an outstanding amount that has been transferred to a new credit card.
  • Cash advance interest. Charged on cash withdrawals and cash equivalent transactions including ATM withdrawals, gambling transactions and bill payments which do not qualify as purchases (this depends on the agreement between your billing provider and the bank).

How does the 6 month interest free deal work?

Your monthly statement will outline exactly how long each purchase amount has left to run on the interest free status. This allows you to always see exactly how much you need to pay off - and when – before those interest charges are due to apply.

Always be sure you keep a close eye on your monthly statements. This will help you keep track of your payment dates and amounts, which reduces the risk of you falling behind on any payments.

What happens when the interest-free promotion has ended?

After the interest-free promotion has ended, any balance outstanding (purchases or balance transfers) will be charged at the revert interest rate which is much higher (usually 17.99-20.99% p.a.). This can result in a large amount of debt if the outstanding amount is not repaid quickly.

Do I have to make any repayments with an interest free offer?

One of the most common misunderstandings many customers have with the 6 month interest free offer is that they also believe they won’t have to make any payments. This simply isn’t true.
Credit cards require you to make at least the minimum monthly repayment due every month (typically 2-3% of the entire outstanding balance). Your payment is always due on or before the date shown on your statement.

Back to top
Was this content helpful to you? No  Yes

Related Posts

ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate


Annual fee

American Express Essential Credit Card
American Express Essential Credit Card

Interest rate


Annual fee

HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate


Annual fee


Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

2 Responses to 6 Month Interest Free Credit Card

  1. Default Gravatar
    Gauravdeep | December 29, 2014

    Can you please advise me which card offers 6 months interest free attributes. My income is 94K yearly, let me know which one i can apply for.

    • Staff
      Elizabeth | December 29, 2014

      Hi Guaravdeep,

      Thanks for your question.

      You can compare 0% p.a. for six month balance transfer credit cards on this page, as well as balance transfer offers for other periods. You can also compare purchase offer credit cards on this page (it features cards with 6 months+ purchase rate offers).

      In terms of what cards you’re eligible for, we list the eligibility criteria on the bottom of each of our review pages. When you find a card you like the sound of, click ‘more’ to read an independent review and see if you’re eligible. When you’re ready to know more about applying, click ‘Go to Site’.

      I hope this has helped.



Ask a question