62 Interest Free Days Credit Cards
Looking for a card that offers affordability and cash flow flexibility? Find and compare credit cards offer interest-free periods for up to 62 days.
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Interest-free days start at the beginning of your statement cycle, and end on the statement due date. For example, if you make a purchase on the first day of your statement cycle using a card that offers up to 62 days interest-free, you would have 62 days to pay it off before interest starts to accrue. A purchase made on the second day of your statement period would have 61 days interest-free; purchases made on the third day 60 days, and so on.
Which cards offer 62 interest-free days?
While it’s common for credit cards to offer up to 44 or 55 days interest-free, there a small range of cards that offer up to 62 interest-free days. This gives you a greater amount of time to pay off your purchases without attracting interest charges.
How to compare credit cards that offer 62 days interest-free
Before you're enticed by the promise of interest-free days, make sure you consider these other features and details when looking at credit cards that offer 62 interest-free days:
- Annual fee. A credit card’s annual fee can offset the value you get from interest-free days. Make sure to consider the annual fee when comparing cards and opt for a card with $0 annual fee or a low annual fee if you want to save on overall card costs.
- Purchase rate. If you don’t pay off the full balance of your card by the due date on your statement, the purchase rate will apply from the day each transaction was made. This means it’s important to always check the standard variable purchase rate for a card before you apply.
- Cash advance rate. This interest rate is usually higher than the purchase rate, and typically ranges from 19–22% p.a. Note that cash advance transactions such as ATM withdrawals, gambling or foreign currency purchases are not eligible for interest-free days, so the cash advance interest rate will apply for these transactions from the day they are made.
- Cash advance fee. If you use your card for a cash advance transaction, you will also have to pay a fee worth around 2–4% of the total transaction.
- Foreign currency fee. Most credit cards charge a fee of around 3% for transactions made overseas or online with an international merchant.
- Other fees. Depending on the credit card, you could have to pay fees in a range of other situations, such as going over your credit limit, making a late payment or requesting a printed copy of your statement.
- Introductory offers. Many credit cards come with sign-up offers for new customers, such as low or 0% rates for purchases or balance transfers, bonus points or a waived annual fee. These deals can provide a lot of value in the short-term, but it’s important to also consider the ongoing features of the card to decide if it will also work for you beyond the honeymoon period.
If you regularly pay off the full balance by the due date on your statement, a credit card offering 62 interest-free days could give you more flexibility than most other cards. But remember to consider all the other features available, and compare a range of different options so that you find a card that fits all your needs.
More guides on Finder
Financial Fitness Challenge Week 3: How to get the most out of a credit card
How to cut debt and make your credit card work for you.
Rejected out of hand: 1.5 million Aussies knocked back for a credit card
The fear of getting rejected for a credit card is real, according to Finder, Australia’s most visited comparison site.
Bank Australia Commercial Visa credit card
Designed to help you track business spending, this Bank Australia credit card offers cards for employees and interest-free days on purchases.
Financial Fitness Challenge Week 2: Check and improve your credit score
Understand your credit score with the Finder Financial Fitness Challenge.
Brighte Personal Loan
Looking to renovate your home? Find out more about Brighte's personal loan for home improvements and ways in which it may be able to benefit you.
Credit card woes: Where do Aussies turn if they can’t pay off their plastic?
Only half of Australians who find themselves buried under out-of-control credit card debt could dig themselves out, according to Finder.
Free Conflict of Interest Policy templates (Australia)
Use a Conflict of Interest Policy to minimise conflicts of interest in the workplace.
Amazon Prime Day 2020 streaming deals: Here are the best discounts
We've rounded up the best of the Amazon Prime Day streaming deals for you.
Over the limit: Pandemic pushes 2 million Aussies beyond credit means
Soaring unemployment and wage cuts have seen people increasingly overdrawing their credit cards, according to Finder, Australia’s most visited comparison site.
Amazon Prime Day toy deals 2020
Check out the latest and greatest deals on toys and games up for grabs during the 2020 Amazon Prime Day event right here.
Ask an Expert
Credit Cards Comparison
* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.