Compare 0% purchase credit card offers

Shop now and save on interest charges with a credit card that offers 0% p.a. on purchases for up to 15 months.

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Bendigo Bank Credit Card Offer

Bendigo Bank Low Rate Mastercard

0% p.a. for 15 months on purchases
Get a $150 Woolworths gift card

Offer ends 02 August 2020

Eligibility criteria, terms and conditions, fees and charges apply

Bendigo Bank Credit Card Offer

Save with an interest-free introductory offer on purchases. Plus, a $150 Woolworths gift card when you meet the spend requirements and an ongoing balance transfer rate.

  • 0% p.a. interest rate on purchases for the first 15 months, reverts to 11.99% p.a.
  • $150 Woolworths gift card when you spend $3,000 in the first 90 days
  • Balance transfer rate of 11.99% p.a. | Cash advance rate of 13.99% p.a.
  • Annual fee of $45 for primary cardholders and $0 for additional cardholders
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Compare 0% purchase credit card offers

Data indicated here is updated regularly
$
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Interest Free Period Amount saved
Bendigo Bank Low Rate Mastercard
0% for 15 months, reverts to 11.99% p.a.
11.99% p.a.
$45 p.a.
Up to 55 days on purchases
Enjoy a 0% p.a. interest rate on purchases for the first 15 months and a $150 Woolworths gift card when you spend $3,000 in the first 90 days.
Virgin No Annual Fee Credit Card - Purchase Offer
0% for 9 months, reverts to 18.99% p.a.
0% p.a. for 9 months
$0 p.a.
Up to 55 days on purchases
Offers an introductory 0% p.a. for 9 months on purchases and balance transfers (with no BT fee) for an ongoing $0 annual fee.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
St.George Rainbow Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
All the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
St.George Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
St.George Vertigo Classic Rainbow
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
All the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
St.George Vertigo Classic
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Get 0% p.a. promotional purchase and balance transfer rates and save with a first-year annual fee waiver.
Skye Mastercard
23.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 110 days on purchases
Get up to $300 cashback, 110 days interest-free on everyday purchases, 0% foreign transaction fees and flexible instalment plan options.
Bank of Melbourne Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
BankSA Vertigo
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Enjoy a 0% p.a. interest rate for up to 22 months on balance transfers and up to 7 months on purchases. Plus, $0 first-year annual fee.
BankSA Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with a 0% p.a. interest rate for up to 22 months on balance transfers and up to 7 months on purchases. Plus a $0 first-year annual fee.
Bank of Melbourne Vertigo Classic
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Save with 0% p.a. for 7 months on purchases, 0% p.a. interest for 22 months on balance transfers and a $0 annual fee for the first year.
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What is a 0% purchase credit card?

A 0% purchase rate credit card gives you a way to spend without being charged interest during an introductory period. With this type of offer, you’ll typically get an interest-free period that lasts between 3 and 15 months from when you’re approved for the card.

What’s the catch with 0% purchase rate credit cards?

At the end of the introductory period, the 0% interest rate reverts to the credit card’s standard rate for purchases. When that happens, you'll be charged interest on any purchases you haven't paid off during the 0% p.a. period. Any new purchases you make will also attract interest charges at the standard rate for your card.

This means potential interest charges and debt are the biggest risks to watch out for with a 0% purchase rate offer. But you should also pay attention to credit card annual fees, which can add to your upfront costs.

How does a 0% p.a. purchase credit card work and when is it useful?

0% purchase credit cards can help you save on account costs when you need to make a large purchase, or when you know you’ll be spending a lot of money in a short amount of time. For example, if you’re travelling overseas, shopping for Christmas presents or planning a wedding. In these situations, a 0% p.a. credit card gives you a way to get what you need when you need it and pay it off over time with zero interest.

However, if you’re still carrying a balance from your purchases after the introductory period ends, the card’s standard interest rate will apply to the debt. Paying off a 0% purchase credit card before the end of this period means you will get the greatest value from the interest-free offer.

How much money can I save with a 0% interest credit card?

Say you want to book an overseas flight that costs $2,000 and plan to put $200 a month towards paying it off. If you paid for your flights on a credit card with a 17% p.a. interest rate, it would take you around 11 months to pay off the balance and cost you about $172 interest charges.

In comparison, if you had a credit card that offered 0% p.a. on purchases for 12 months, you could pay off your flights in 10 months without any interest charges.

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

Credit cards with 0% purchase rate offers are designed to suit different goals, so there isn’t one “best” option. Instead, find the right card for you by considering and comparing these features:

  • The 0% purchase rate period. This introductory period typically ranges from 3 to 15 months, so make sure you think about how much you're going to spend and whether or not you’ll be able to pay it off before the standard purchase rate applies. If you can't pay it 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. Ideally, the value you get from your credit card should outweigh this cost. As well as considering the potential savings you’ll get during the introductory 0% p.a. interest period, make sure you weigh up the value of other ongoing perks on the card – such as complimentary insurance or rewards. You could also look at credit cards that have no annual fee to see if any of them also offer an introductory 0% purchase rate period.
  • Standard purchase interest 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, think about whether the ongoing purchase rate will be affordable. You could also look for a card that offers a low ongoing purchase rate or consider transferring the debt to a card with a 0% balance transfer offer so you can continue paying off your debt without interest over a promotional period.
  • Foreign transaction fees. While the introductory 0% p.a. rate will apply to purchases you make overseas, you may still be charged a fee worth approximately 2-3% (or more) for transactions made overseas or online with an international business. You can compare credit cards which do not charge currency conversion fees in our detailed guide.
  • 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 want more than just the 0% offer, comparing these features can help you choose a credit card that works for you.

woman's hand paying for her purchases with a green credit card

5 common mistakes to avoid with 0% purchase credit cards

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

  1. Ignoring the standard purchase rate. At the end of the promotional period, the 0% purchase rate will revert to the standard variable purchase rate, which usually sits between 13% p.a. and 22% p.a. This makes it important to check the standard purchase interest rate before applying for a credit card so that 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 minimum dollar amount, such as $20 to $30. If you don't pay the minimum that's listed by the due date on your statement, you could be charged a late payment fee.
  3. Only paying the minimum amount. If you only pay the minimum repayment amount that's listed on each statement, 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 planning your purchases within the 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 while the offer lasts.

Credit cards that charge an introductory 0% p.a. rate on purchases can be a great way to save money on big-ticket items or upcoming expenses, 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

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.

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Save with a 22-month balance transfer offer. Plus, lounge passes, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 22 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points, 75 bonus Status Credits and $150 back when you spend $3,000 in the first 3 months with this premium card.
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* 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.

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