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Offer ends 31 January 2021
Eligibility criteria, terms and conditions, fees and charges apply
Reward your spending with Flybuys points and save with 0% interest on balance transfers and purchases for the first 12 months.
*The credit card offers on this page are chosen from a range of credit cards available to us and are not representative of all the products available in the market. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
These cards charge no interest on both purchases and balance transfers for a promotional period. The interest-free period can be as little as 3 months or up to a year or longer in some cases. You can use one of these cards to save if you want to pay off existing debt and make new purchases without paying interest. At the end of the introductory period, the standard purchase or balance transfer rate will apply to any remaining balances respectively.
The length of the interest-free period may differ between purchases and balance transfers. For example, the card may offer 0% on balance transfers for 12 months and 0% on purchases for 6 months. In this case, any remaining balances from purchases (plus any made in the future) will attract the standard purchase interest rate. The 0% rate will still apply to your balance transfer debt for the next 6 months.
While you're only required to pay the minimum repayment amount each month, it's important to create a budget and repayment plan that will allow you to pay off your balances in full before the promotional period ends.
When you make a payment with your card, the debt on your credit card that attracts the highest interest rate will be paid off first. If a card charges a purchase rate but no balance transfer rate, your repayments will go towards your purchases first. If this is the case, you need to make sure you're paying off enough to repay your purchases and the balance transfer debt. Otherwise, you'll be wasting your 0% balance transfer offer. Plus, if you attract interest on your purchases, it could quickly outweigh the savings you're getting from the 0% balance transfer.
When comparing cards, it's important to select the type of card that is most suited to your circumstances. You can compare some of the different card types and features you should pay attention to below:
Start comparing 0% balance transfers and 0% purchase rate credit cards Offer ends 31 May 2021 Eligibility criteria, terms and conditions, fees and charges apply Save with a 15 month 0.9% purchase and balance transfer offer with no balance transfer fee. Plus, complimentary insurance covers.Citi Credit Card Offer
Citi Clear Card
0.9% p.a. for 15 months on purchases and balance transfers
with no balance transfer feeCiti Credit Card Offer
Your 0% balance transfer and 0% purchase rate credit card will be a huge boon during its initial offer period, but only if you make effective use of it. Keep in mind the main dos and don'ts when using this type of card:
Calculating your minimum monthly credit card repayment
During the 0% purchase rate offer period, your purchases won’t incur interest.
However, after the 0% offer period ends, you will be charged interest at the purchase rate. This will be charged from the date the transaction takes place if you’re carrying a balance from month to month, as interest-free days are waived on unpaid balances.
During the 0% interest offer period, 0% interest is applied to the outstanding balance.
After the offer period ends, if you don’t pay your balance in full by the end of the statement period, you will not receive any interest-free days on purchases you make with the card.
Yes. The minimum monthly repayment must be paid each month to stop your card from going into default. If you have a balance transfer promotion that's charging 1% interest and the minimum monthly repayment is 3%, you’ll be paying off 2% of your balance each statement period.
Yes, there were such offers at the time of writing. These offers change regularly, so the best way to stay up to date with the latest offers is to check our balance transfer comparison page.
Even if you have 0% p.a. on your balance transfer debt, new purchases could be charged interest. Here’s what you need to know to stay on track with repayments.
Make purchases or repay existing debt with a credit card that charges zero percent interest rates.
I want to get a 0% balance transfer with a low rate and preferably no annual fee. I am not interested in Citi bank. Can you please help me. I am having trouble finding one on line
Hi Lynne,
Thanks for getting in touch! To help you find a credit card with both 0% annual fee and a low rate, feel free to use the table on the page. First you’d need to enter the amount you’re transferring and your current interest rate then press calcuate. The table will automatically compute amount saved. If you want low rates, click the purchase rate 2 or 3 times to adjust the table from lowest to highest or vise versa and it will line up the cards for the lowest interest rates and so on. As a friendly reminder, review the eligibility criteria of the card before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the card. Hope this helps!
Best,
Nikki
Hi Good morning
I currently am a holder of AZN business credit card and seek to do a balance transfer to another bank credit card, as there’s a lot of information has been given, I am unable to decide which bank should I chose? My main concern to transfer from ANZ is their monthly minimum repayments which to me is little over. The limit on the card is A$5000.00. Could you please help?
Hi Syed,
Thank you for reaching out to us.
As finder is a financial comparison website providing general information, we are not permitted to provide our users with personalised financial advice or make product recommendations.
However, we do help guide you through the process of comparing options.
This page shows you credit cards that have offers on 0% Balance Transfers as well as 0% Purchase Rates and the table shows you the features of the different lenders that you may choose from and click “Go to site” to be directed to their page.
You may also find other options on our page that have 0% Balance Transfer Credit Cards. They do not necessarily all have 0% Purchase Rates but have other terms that may suit your preference such as a longer period.
Useful information that may guide you is also found on the link provided.
I hope this helps.
Best,
Maria
On a transfer of 0% for 9 months and purchases for 9 months with a revert to 19-20%, with a capacity to clear balance in offered time, am I obliged to make purchases other than to balance repayments to arrive at zero balance at the end of 9 months and at that time or beforehand take a no frills credit card with a competitor with a low interest rate? In other words can I use their offer to have 9 months interest free (incurring only the cost of the card).
Hi Bill, thanks for your inquiry!
That is correct. With a promotional offer of 0% for 9 months on purchases and balance transfers no interest will be charged. If you have a balance transfer amount and you have made purchases, any repayments to your credit card account will go to your balance transfer amount first. This is because the revert rate is higher than the purchase revert rate.
Cheers,
Jonathan
did you have an offer of 0% p.a for 12 months on new purchases on the Westpac 55 Day card on the 20 june 2015?
Hi Kristie, thanks for your inquiry!
The Westpac 55 Day credit card did not have a purchase rate promotion on that specific date.
Cheers,
Jonathan
Hi Kristie, thanks for your inquiry!
The Westpac 55 Day credit card did not have a purchase rate promotion on that specific date.
Cheers,
Jonathan
who has 0% interest for the longest time
Hi Kevin,
Thanks for your question.
At the time of writing, the longest 0% offer in our comparison is for 13 months. All three cards are currently offered by Bankwest.
Cheers,
Shirley
Can I withdraw a cash amount on existing card then apply for new card with 0% balance transfer
Hi Vivian. Yes, this is possible. The only thing you will want to look out for it that you need to get approved on your new credit card, otherwise you’re going to be stuck with a huge credit card bill. A few things that may result in a declined application: too many enquiries (applications for credit) in a short space of time, defaults on previous credit products and applying for a card that has a high annual income requirement. For more information on why credit card applications get declined, check our article on the topic.