Compare 0% Purchases Credit Card Offers

Enjoy interest-free spending for up to 14 months with a credit card that offers you 0% p.a. on purchases.

Virgin Money Credit Card Offer

Virgin Australia Velocity Flyer Card - 0% Interest Offer

0% p.a. for 14 months
on purchases

Offer ends 30 April 2018

Eligibility criteria, terms and conditions, fees and charges apply

Virgin Money Credit Card Offer

Enjoy a 0% introductory rate on purchases and balance transfers, plus, earn Velocity Points on your everyday purchases.

• $129 p.a. annual fee.
• 20.74% p.a. on purchases
• Cash advance rate of 20.99% p.a.
• Up to 44 days interest free
• Minimum income requirement of $35,000 p.a.

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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		Save with 0% p.a. on purchases for 14 months and 0% p.a. on balance transfers for 6 months. Offer ends on 30 April 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		Go to site More info	Compare	loading Fetching your data...
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		Go to site More info	Compare	loading Fetching your data...
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		Go to site More info	Compare	loading Fetching your data...

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The best* interest-free credit cards - finder.com.au

Compare the features of these competitive 0% purchase credit cards below:

• Virgin Australia Velocity Flyer Card - 0% Interest Offer. Get 0% p.a. for 14 months on purchases and earn Velocity Points per $1 spent.
• NAB Low Rate Platinum Card. Enjoy 0% p.a. interest on purchases for 9 months on purchases, plus platinum perks.
• NAB Low Rate Business Card. A card designed especially for business spending. Enjoy 0% p.a. on purchases for the first 12 months and a $0 annual fee for the first year. Offers are valid until 17 June 2018.

• Disclaimer

  * The offers compared on this page are chosen from a range of products 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 personal financial circumstances when comparing products.

What is a 0% purchase credit card?

A 0% purchase credit card offers you an interest-free period on purchases for a promotional period that starts when you first get the card. If you need to make a big-ticket purchase, have a lot of expenses coming up or just want to save on everyday spending, you could use a 0% purchase credit card to save on interest charges during the introductory period. Without the burden of interest, you could also find that you're able to pay off the balance faster. But at the end of the promotional period, the card's standard purchase rate will apply to any balance you're carrying from the purchases.

How can I find the best* 0% purchase credit card?

There is no one best 0% interest credit card on the market, because each offer is designed to suit different spending habits and budgets. But you can find a 0% purchase credit card that works for you by comparing the following features:

• The 0% purchase rate introductory period. The introductory period for a 0% purchase rate offer can range from 3 to 14 months or more. When you're comparing credit cards, consider how much you're going to spend and divide it by the number of months in the promotional period. If you can repay that amount each month, you will clear the balance before the standard purchase rate applies. If you can't pay it all off before the end of the introductory 0% interest period, you might want to apply for a card with a longer introductory period or be prepared to pay some interest when the offer ends.
• Annual fee. Most 0% purchase credit cards charge an annual fee. To decide if the card is worth the cost, look at how much you'll save with the 0% interest offer and any other perks on the card. Ideally, the value of the interest savings and extra features should outweigh the cost of the annual fee. Alternatively, you could compare credit cards that have no annual fee.

• Standard purchase interest rate. If you can't pay your balance in full by the end of the introductory period, your remaining debt will be charged interest at the card's standard purchase rate. This varies between cards but is typically between 13% p.a. and 22% p.a. If you don't think you can repay the entire balance before the 0% purchase rate period ends, look for a card with a lower ongoing purchase rate. Otherwise, you could also consider transferring the debt to a card with a 0% balance transfer offer to continue paying off your debt without interest for a promotional period.
• Extra benefits. Does the card come with complimentary travel insurance? Do you want to earn rewards points on your purchases? Will your purchases be covered by purchase protection and extended warranty? Can you access a 24/7 concierge service? If you will be using the card for more than just the 0% offer, comparing these features can help set the cards apart.

Types of 0% purchase credit cards

There are several different types of interest-free purchase credit cards you can choose from. You can use this table to compare the additional benefits and features to determine which type of 0% purchase credit card offer is right for you.

5 common mistakes to avoid with 0% purchase credit cards

If you want to get the most out of a credit card's 0% interest period, watch out for these traps:

1. Ignoring the revert rate. At the end of the promotional period, the 0% purchase rate will revert to the standard purchase rate (which usually sits between 13% and 22%). Check the standard purchase interest rate before applying for a credit card so you're aware of the potential costs if you don't pay off your purchases during the introductory period.
2. Forgetting to make repayments. Even with an introductory 0% p.a. interest rate on your credit card, you still need to pay at least the minimum amount listed on each statement. This is usually 2% or 3% of the total balance or a dollar amount, such as $20 to $30. If you don't pay the minimum by the due date on your statement, you could be charged a late payment fee.
3. Only making the minimum repayment. If you only pay the minimum amount each month, you won't repay the entire balance before the 0% interest offer finishes. Any balance remaining after that will be charged interest at the card's standard rate, making it harder to pay off the debt. To avoid this situation, aim to pay off all your purchases before the introductory period ends. If you're unable to repay your balance before the 0% purchase offer ends, a balance transfer might be the next step.
4. Ineligible transactions. This type of 0% credit card interest rate offer only applies to eligible purchases. So if you use your card for balance transfers, cash advances, government payments or other cash-equivalent transactions, the card's standard interest rate will apply to these charges (unless a separate promotional offer applies).
5. Not taking advantage of the entire offer period. The 0% purchase rate offer is available as soon as your credit card is approved, not from when you make your first purchase. So if you get a credit card with 0% p.a. on purchases for six months but you don't make a purchase or any repayments for the first month, you'll only have five more months of the interest-free period. If you have a big purchase in mind, make it as soon as possible and start making repayments immediately to get the maximum value out of the offer length.

Credit cards that offer an introductory 0% p.a. on purchases can be a great way to save money on purchases, but only for a limited time. When comparing these cards, pay attention to the length of the promotional period, what interest rate applies at the end of the introductory offer and any other card features and fees so that you can find one that suits your needs.

Frequently asked questions about 0% purchase credit card offers

If you want to know more about 0% purchase credit cards, here you'll find answers to some of the most common questions. You can also get in touch using the comment box below to leave your own question about 0% purchase credit cards.

• Will the 0% interest credit card offer apply for foreign currency transactions when shopping overseas or online?

  As long as it's an eligible purchase, overseas purchases will not be charged any interest during the 0% credit card promotional period. However, you may be charged foreign currency conversion fees. You can compare credit cards which do not charge currency conversion fees in our detailed guide.

• How many purchases will receive the 0% interest rate?

  Once you've activated the credit card, all eligible purchases that you make will be interest-free until the end of the promotional period. However, any remaining balances that haven't been repaid by the end of the promotional offer will start to collect interest.

  Please note that ineligible transactions (such as cash advances or balance transfers) will be charged interest at the standard rate for that card.

• Will the credit card's annual fee be eligible for the 0% interest rate?

  Credit card annual fees are usually not considered eligible purchases. So if you get a promotional 0% purchase rate credit card that also has an annual fee, you'll probably be charged interest on that part of your balance. You can contact the individual credit card providers to find out if this fee would be eligible for a particular interest-free promotion. Alternatively, you may want to consider cards that offer no annual fee.

• Can you give me some examples of when a 0% purchase credit card is useful?

  A 0% credit card purchase rate offer is useful in a number of different scenarios. For example, if you have to make a major purchase, or have a lot of holiday spending to do, getting a 12 months interest-free credit card could give you the flexibility to pay off your spending over time while avoiding interest charges.

  If you're interested in a 0% purchase credit card, remember that this interest-free period is temporary. Aiming to pay off your balance before the end of the introductory period will help you get the most out of your card.

• When does the 0% purchase promotion start?

  The 0% promotion will begin either when your credit card application is approved or when you activate the credit card, depending on the bank. It will generally take 3-5 business days for your card to be mailed to your address after application approval. If you want to take advantage of the full promotional period, take note of when the 0% interest period begins and aim to make your purchases as close to that date as possible.

• I'm planning to make a number of purchases over the next few months. How will the credit card 0% interest period work for these payments?

  With this type of credit card, the promotional 0% interest rate is available for a fixed amount of time. For example, let's say you got a card offering 12 months interest-free on purchases from when you activate the card.

  If you made a purchase on the day you got your card (and activated it), you would have 12 months to pay it off before interest was charged. If you then made another purchase after 3 months, you would have 9 months remaining for the 0% interest period, while if you made a purchase 11 months after getting the card, you'd only have 1 month interest-free for that purchase. After that, your 12-month interest-free offer would end and the interest rate would revert to the standard purchase rate for that card.

• What is the interest rate after the introductory 0% purchase rate period ends?

  After your 0% purchase promotion has finished, the outstanding balance from your purchases will be charged interest at the regular purchase rate, usually known as the "revert rate". You can consider moving your outstanding purchase amount to a 0% balance transfer credit card, which will give you more time to repay your debt interest free.

• Do interest-free days apply during a 0% purchase promotion?

  For the length of the 0% purchase promotion period, standard interest-free days offers do not apply. If your card comes with an interest-free days feature (say, for up to 55 days), then you'll be able to take advantage of this when the promotional period ends. Note that this type of interest-free day period usually only applies if you pay your entire balance in full by the due date on each statement.

• Do I have to make any repayments with a 0% purchase promotion?

  Yes. You must make the minimum monthly repayment of the credit card even with a 0% purchase promotion available. This repayment is generally around 2-3% of the full outstanding balance, or a set dollar amount if the outstanding balance is below a certain level (often $25). Please note that paying the minimum monthly repayment isn't usually enough to repay the entire balance before the promotional period ends. So if you want to avoid collecting the standard interest rate, pay as much as you can each month to pay it in full before the standard interest rate applies.

• Can I pay my bills or government payments with no interest cards?

  You may be able to use your card to pay for utilities and government payments, but they may not be considered eligible purchases under the interest-free offer. If you would like to know more, contact your bank's customer service team directly to confirm which purchases are eligible for the 0% promotion.

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