Woman wearing eyeglasses paying coffee via contactless payment

6 Month Interest Free Credit Card

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 cards comparison

Rates last updated September 21st, 2018
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period Amount Saved
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Enjoy 0% p.a. interest on purchases for 14 months. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Up to 44 days on purchases
Bankwest Breeze Platinum Mastercard
Receive a 0% p.a. interest rate on purchases and balance transfers for 13 months, complimentary travel insurance and 0% foreign transaction fees.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Up to 55 days on purchases
NAB Low Rate Platinum Card
Enjoy a 0% p.a. interest rate offer on purchases for 9 months and the protection of 7 complimentary insurances including overseas travel insurance.
0% p.a. for 9 months (reverts to 13.99% p.a.)
0% p.a. for 6 months with 2% balance transfer fee
$100 p.a.
Up to 55 days on purchases
NAB Low Rate Credit Card
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
0% p.a. for 6 months (reverts to 13.99% p.a.)
0% p.a. for 6 months with 2% balance transfer fee
$59 p.a.
Up to 55 days on purchases
Bankwest Breeze Classic Mastercard
Receive purchase and balance transfer offers of 0% p.a. for 13 months, a low ongoing rate and up to 55 interest-free days on purchases.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$79 p.a.
Up to 55 days on purchases

Compare up to 4 providers

Frequently asked questions

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.

Image: Shutterstock

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

Related Posts

Credit Card Offers

Important Information*
Citi Clear Platinum Credit Card

Interest rate


Annual fee


*$99 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate


Annual fee


*$200 p.a. after first year

ANZ Low Rate

Interest rate


Annual fee


Ask an Expert

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

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

4 Responses

  1. Default Gravatar
    AaronMarch 6, 2018


    Im looking for a credit card with a three month interest free period that is ongoing (not just introductory)

    Do you know of any products that are on offer?

    • finder Customer Care
      LouMarch 7, 2018Staff

      Hi Aaron,

      Thanks for your question.

      Upon checking, we don’t have any credit card in our panel that offers up to 3 months of ongoing interest-free period.

      We do have credit cards with up to 55 interest-free days. You may check them on this page.


  2. Default Gravatar
    GauravdeepDecember 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.

    • finder Customer Care
      ElizabethDecember 29, 2014Staff

      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
Go to site