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.

Whether you're booking a holiday, buying furniture or getting ready for a big event, a 0% purchase rate credit card gives you a way to save on interest charges during the introductory period. Depending on the card you choose, you could get between 3 and 14 months interest-free on your purchases. As well as giving you some breathing room to pay off your balance, the 0% p.a. purchase rate could help you save on interest and avoid more debt.

Use this guide to compare 0% purchase credit cards and different types of offers you can choose from. You can also learn about common mistakes to avoid and find answers to frequently asked questions so that you can find a 0% purchase rate credit card that works for you.

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.
Go to site
Promoted

Compare 0% Purchase Credit Card Offers

Rates last updated April 20th, 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
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
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

Compare up to 4 providers

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

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

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 is a 0% purchase credit card different from a regular credit card?

While a standard credit card typically has an interest rate between 13% p.a. and 22% p.a. for purchases, credit cards offering interest-free purchases charge 0% p.a. interest on all eligible purchases made during the promotional period.

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.

0-purchase-banner895x250

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.

0% purchase offer typeBenefits
0% purchase offerYou can use these cards to make purchases and pay 0% interest for a specified introductory period, which will revert back to the standard purchase rate once the offer has ended. Extra benefits such as interest-free days, travel benefits and complimentary insurances may also be available.
0% purchases with frequent flyer programsMake interest-free purchases during the introductory period and earn frequent flyer points for every dollar spent on your card for the life of the card.
0% purchases with balance transfer offersThis type of 0% p.a. credit card offer allows you to transfer and repay an existing credit card debt interest-free whilst also making purchases with zero interest. The lengths of the 0% promotional period usually varies between the balance transfer and purchase offer.
0% purchases with rewards benefitsPay no interest on your purchases and earn rewards point for every dollar you spend. Unlike a frequent flyer card, these are connected to your credit card's rewards program and can be redeemed for flights, merchandise and cashback.

What's the difference between interest-free days and 0% interest credit card offers?

Most credit cards offer cardholders interest-free days on purchases when they pay their balance in full by the due date each statement period. The length of the interest-free days varies between cards, but you can usually expect up to 44 or 55 days interest free. If your card offered up to 55 interest-free days and you paid your balance in full on the second day of the statement, you'd get 54 interest-free days. If you paid it off on the third day, you'd get 53 interest-free days and so on.

In comparison, credit cards with an introductory 0% interest rate on purchases give you a set amount of time to make purchases without paying any interest when you first get the card. You only have to make minimum payments during the promotional period. But a standard interest rate will apply to any balance remaining at the end of that period, so it's wise to pay as much as you can each statement period to clear the entire balance before the promotion ends.

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.

Back to top

Pictures: Shutterstock

Credit Card Offers

Important Information*
NAB Low Fee Platinum Card - Exclusive Offer
NAB Low Fee Platinum Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

129
Virgin Money Low Rate Credit Card
Virgin Money Low Rate Credit Card

Interest rate

11.99

Annual fee

49

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

82 Responses

  1. Default Gravatar
    RayMarch 25, 2018

    Our card uses the cash advance facility from time to time.

    If swapping for a nil interest credit card what will happen with those current cash advances on any new credit card?

    • Staff
      MayMarch 26, 2018Staff

      Hi Ray,

      Thanks for your question.

      Typically, banks do not offer promotions for cash advance interest on credit cards. So even if the card has zero interest on purchases, the card will still charge interest and fees on cash on advances each time you use that feature.

      Cheers,
      May

  2. Default Gravatar
    eveJuly 17, 2017

    Can you please advise which card/s are currently offering a 0% balance transfer, and have the best points system

    • Staff
      DanielleJuly 18, 2017Staff

      Hi Eve,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page for options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.

      Cheers,
      Danielle

  3. Default Gravatar
    DavidFebruary 20, 2017

    Hello.

    Could you please tell me if sports club/golf membership fees are eligible for the 0% purchase fee CC purchases ?

    • Staff
      MayFebruary 24, 2017Staff

      Hi David,

      Thank you for your inquiry.

      Basically, the eligible purchases are everyday purchases which involve the exchange of a good or service for a payment, which excludes business expenses, gambling transactions, balance transfers and cash advances. So it’s best to contact your bank or credit issuer directly to confirm if they would consider your payments for a club membership as eligible purchases.

      Cheers,
      May

  4. Default Gravatar
    JoeFebruary 4, 2017

    Hi,
    Regarding 0% purchase credit card, will the annual credit card fee receive 0% interest free?
    Regards

    • Staff
      MayFebruary 5, 2017Staff

      Hi Joe,

      Thank you for your inquiry.

      I’m afraid no. The annual fee is basically fixed for the entire lifespan of the card and it’s not considered as a purchase, so the 0% interest does not apply to it.

      Cheers,
      May

  5. Default Gravatar
    BarryOctober 11, 2016

    Hi,
    In this age of cloud and automation, which bank card in the best deal and has the CSV format that is compatible to link up in accounting software.

    Warm regards

    • Staff
      LouNovember 1, 2016Staff

      Hi Barry,

      Thanks for your question.

      Most Australian Banks with online banking facility can be linked to common accounting software. If you already have an accounting software, you can normally check which bank are supported when you try to ‘add a bank account.’ If you’ll let me know what accounting software you are using, I may be able to give you the exact procedure to do it.

      Cheers,
      Anndy

  6. Default Gravatar
    KenMay 10, 2016

    Hi,

    I would like to purchase some furniture and utilise the 0% interest on purchases currently on offer. I can then put the money otherwise spent on my mortgage offset account and save on interest, for example.

    If I want to maximise the limit on a new 0% purchase credit card, would it help if I lowered the limit on my current card first?

    Thanks.

    • Staff
      MayMay 10, 2016Staff

      Hi Ken,

      Thanks for your inquiry.

      If you’re interested in applying for a credit card that offers 0% interest on purchases, you may do so. But please make sure to read the eligibility criteria and requirements before applying. Once you’ve found a card you’re eligible for and you wish to apply for, you can click “Go to Site” green button to head over to the credit card company’s website.

      In the meantime, keep in mind though that your approved credit limit will be determined by the card issuer. Depending on their assessment on your ability to repay, income and credit score, they may approve you for a lower or higher credit limit.

      I hope this has helped.

      Cheers,
      May

    • Default Gravatar
      May 10, 2016

      Hi May, thanks for your response.

      What I’m trying to ask is, all else equal, will lowering the credit limit on my existing card immediately prior to applying for a new card (the 0% interest on purchases card) help me get a higher credit limit on the new card?

      I want to effectively transfer as much of my credit limit to the new 0% on purchases card without cancelling my current card.

      Thanking you

    • Staff
      MayMay 11, 2016Staff

      Hi Ken,

      Thanks for getting back.

      Unfortunately, transferring of credit limit between credit cards is not possible. As I mentioned in my previous reply, only the credit card issuer has the ability to give you a higher or lower credit limit – that is depending on certain criteria you met and not because you have a lower limit of your existing credit card. Please feel free to read our article on how you can increase your credit limit.

      I hope this has helped.

      Cheers,
      May

  7. Default Gravatar
    StephMarch 23, 2016

    I am confused by the 0% interest free period and the 44 days interest free.
    Sorry for probably stupid question.

    • Staff
      SallyMarch 24, 2016Staff

      Hi Steph,

      Thanks for your question!

      The 0% interest free period refers to a promotional period. So if you had a 0% on purchases for 6 months, your purchases wouldn’t collect interest for the first 6 months after that card is approved. After the promotional period, the standard interest rate will kick in.

      The 44 interest-free days, on the other hand, is a permanent feature of the card that can only be taken advantage of if you pay your balance in full by the end of the statement period. If you’re able to do this, then your future purchases won’t collect interest for up to 44 days.

      I hope this has helped and don’t hesitate to respond if you have any more questions.

      Cheers,

      Sally

  8. Default Gravatar
    December 4, 2015

    Are there any cards available for personal use for a self-employed person? Do not want to use the card for business.

    • Staff
      SallyDecember 4, 2015Staff

      Hi Christine,

      Thanks for your question.

      If you’re self-employed and want to apply for a credit card for personal use, you’ll just need to ensure that you meet the eligibility requirements (including annual income, credit history etc) and provide evidence of your self-employment (such as your accountant’s details).

      I hope this has helped.

      Cheers,

      Sally

  9. Default Gravatar
    WoodyNovember 30, 2015

    What if any restrictions are there to stop me from transferring my CC balance to another interest free card before the interest free period expires?

    • Staff
      JonathanNovember 30, 2015Staff

      Hi Woody, thanks for your inquiry!

      There are no restrictions for transferring your balance to another interest-free credit card before your current interest-free promotion expires. Generally it is recommended not to apply for more than 1 credit card within a 3 month time frame, otherwise you may like to read more about key considerations when completing a balance transfer.

      Cheers,

      Jonathan

  10. Default Gravatar
    PDSeptember 16, 2015

    Hi, I have a question about 0% purchase credit card. Let’s my credit card allows 0% on purchases for 12 months – Now I understand that if I make a $1000 purchase then I have 12 months to pay it off without paying any interest. But what happens if I use it as my daily transaction card ? So if I were to make additional purchases after the first $1000 transaction, how is the interest calculated for the second/third/subsequent transactions ? Are those subsequent transactions interest free for 12 months from their respective purchase dates or does it use the very first transaction date ? Would I end up paying any interest if I were to setup a direct debit on minimum monthly payments on multiple purchases over a span of several months ? Sorry for asking so many questions, I just want to get the concept right. Everyone talks about making one purchase and paying it over X months before the grace period ends, but no one explains how it works when multiple transactions/purchases are made.

    • Staff
      SallySeptember 18, 2015Staff

      Hi PD,

      Thank you for your inquiries.

      If you use your card for additional purchases or for daily transactions, you won’t pay any interest during the term of the introductory offer. The 0% rate applies on purchases made within 12 months your card got approved.

      Let’s say the offer is valid from April to September, and you applied and got approved this month, any purchases made from the date you got approved up to the twelfth month won’t incur any interest. As long as you meet the minimum monthly payment and can pay the balance in full before the twelfth month, you won’t be charged the interest rate, otherwise you’ll incur the standard purchase rate for any outstanding balance.

      To get a clear explanation of how introductory offer works, please refer to this page.
      I hope this helps.

      Cheers,

      Sally

Credit Cards Comparison

Rates last updated April 20th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee. Ends 6 May 2018.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points. Ends 30 April 2018.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$129 p.a.
Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000. Plus, complimentary travel insurance.
Virgin Money Low Rate Credit Card
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Offers a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months on balance transfers. Ends 30 April 2018.

Compare up to 4 providers

* 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.

Ask a question
Go to site