Compare 0% Purchases Credit Card Offers

Enjoy the freedom of buying now and paying later. Compare credit cards with 0% on purchases for up to 12 months here.

Do you want to save on interest costs and avoid credit card debt? A credit card with a 0% purchase rate lets you make purchases on the card with zero interest payable for a promotional period. The length of the introductory offer will vary from card to card, but you can expect the 0% promotional period to last for between 3 to 18 months.

There are many competitive offers on the market, but the best credit card for interest-free purchases will depend on your needs. This guide explains the benefits of 0% purchase credit cards, how they work and how you can compare the different offers in the market. It also answers the most popular questions about 0% purchase credit card deals and shows you how to get the most out of your next credit card.

Compare 0% Purchase Credit Cards and get up to 12 months interest-free

Rates last updated February 23rd, 2017
$
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period Interest Saved
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Up to 55 days on purchases Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Rewards points with your purchases and pay no interest with 0% p.a. for 12 months on purchases and 0% p.a. for 6 months on balance transfers.
0% p.a. for 12 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
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 12 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
Westpac Altitude Card
Enjoy a balance transfer offer of 0% p.a. for 12 months and 0% p.a. on purchases for 6 months.
0% p.a. for 6 months (reverts to 20.24% p.a.) 0% p.a. for 12 months $100 p.a. Up to 45 days on purchases Go to site More info

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

Compare the features of some of the most competitive 0% purchase credit card offers below.

Credit Card
Feature
ANZ Platinum Credit Card - Exclusive OfferAn exclusive offer with 0% for 3 months on purchases and a long term balance transfer offer.
Virgin Australia Velocity Flyer Card - 0% Interest OfferGet 0% for 12 months on purchases with Velocity points earnings per $1 spent.
Enjoy 0% on purchases for 6 months and a low ongoing purchase rate of 13.24% p.a. thereafter. The card has a $55 p.a. annual fee and offers up to 55 interest-free days on purchases.

What is a 0% purchase credit card?

A credit card with 0% on purchases allows you to make purchases and pay zero interest them while an interest-free introductory offer is in place. Depending on the card, the zero interest offer is usually in place for six to nine months but can last for as long as 15 to 18 months. Once the promotional period ends though, the standard purchase rate will apply and any remaining balances on your card will start to collect interest. If you struggle to repay your balance in full each month or have some large-ticket purchases to buy, a 0% purchase credit card can help you repay your debt faster and keep your interest costs low.

How is this different to a regular credit card?

While a standard credit card typically has an interest rate between 13% and 20% p.a. applied to purchases, credit cards with interest-free purchases provide zero interest on all eligible purchases made during the promotional period.

How to find the best* 0% purchase credit card for your needs

If you want to find the best* 0% purchase credit card deals and promotional offers, here are some of the features you'll need to compare:

  • Length of the 0% purchase promotional period. As the 0% purchase period can range between 3 to 15 or more months, it's important to ensure that the promotional period is sufficient for you. Consider how much you're going to spend, divide it by the number of months in the promotional period and calculate whether you can repay that much each month to clear the balance before the revert rate applies. If not, you might want to apply for a card with a longer promotional period or be prepared to collect some interest when the offer ends.
  • Annual fee. Most 0% purchase credit cards charge an annual fee. To determine whether or not the card is worth the cost, consider how much you'll save with the 0% interest offer and the other perks on offer to see whether the benefits outweigh the cost.
  • Revert purchase interest rate. If you're unable to pay your balance in full by the end of the introductory period, your purchases will begin attracting the standard purchase rate. Depending on the card, this will typically be between 13% and 20%. If you don't think you can repay the entire balance before the promotion ends, look for a card with a lower ongoing purchase rate. Otherwise, you could enjoy another interest-free period by transferring your debt to a card with a 0% balance transfer offer.
  • 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 and extra features

0% purchase offer typeBenefits
Standard 0% purchase offerIncludes the 0% promotional purchase rate for a specified promotional 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 benefitsEarn frequent flyer points for every dollar spent on your card for the life of the card and also take advantage of an interest-free purchase promotional period.
0% purchases with balance transfer offersThis type of card allows you to transfer and repay your existing credit card debt interest-free whilst also making purchases with zero interest.
0% purchases with rewards benefits.Pay no interest on your purchases and earn rewards points 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 cash back.

Compare 0% purchase credit cards with frequent flyer and rewards programs

Rates last updated February 23rd, 2017
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months on balance transfers and an exclusive $129 Virgin Australia Gift Voucher every year.
0 0.66 $129 p.a. Go to site More info
Bank of Melbourne Amplify Signature
Receive 30,000 bonus points when you meet the minimum spend. Also enjoy low introductory offers on purchases and balance transfers.
0 1.5 30,000 bonus points $279 p.a. Go to site More info
Bank of Melbourne Amplify Platinum
Enjoy introductory offers on purchases and balance transfers with a sign up bonus points of 30,000 on eligible spend.
0 1 30,000 bonus points $99 p.a. Go to site More info
Bank of Melbourne Amplify Card
Enjoy a 0% p.a. interest for 12 months on balance transfers and 0% p.a. for up to 6 months on purchases. Also earn Amplify points on purchases to redeem rewards and travel through Amplify Rewards.
0 1 $79 p.a. Go to site More info
BankSA Amplify Card
The BankSA Amplify Card is a brand new rewards credit card that allows you to earn more Qantas Points combined with low purchase and balance transfer offers.
1 $79 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer and introductory interest rates on balance transfers and purchases.
0 1 30,000 bonus points $99 p.a. Go to site More info
St.George Amplify Card
A low interest rate of 0% p.a. for 12 months on balance transfers and a purchase offer of 0% p.a. for 6 months.
0 1 $79 p.a. Go to site More info

Compare 0% purchase credit cards with balance transfer offers for up to 18 months

Rates last updated February 23rd, 2017
$
% p.a.

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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 12 months 0% p.a. for 3 months (reverts to 19.74% p.a.) $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Rewards and access an interest-free offer on purchases and balance transfers.
0% p.a. for 6 months 0% p.a. for 12 months (reverts to 20.74% p.a.) $129 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 12 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 12 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 12 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Westpac Altitude Card
Enjoy a balance transfer offer of 0% p.a. for 12 months and 0% p.a. on purchases for 6 months.
0% p.a. for 12 months 0% p.a. for 6 months (reverts to 20.24% p.a.) $100 p.a. Go to site More info

4 common mistakes to avoid with 0% purchase credit cards

  1. Ignoring the revert rate. At the end of the promotional period, the 0% interest rate will revert to the standard purchase rate (which usually sits between 13% and 20%). Consider the revert interest rate before applying for the card so you understand how your debt will grow if you fail to repay your balance before the standard interest rate kicks in.
  2. Only paying the minimum repayment. You'll be required to make minimum repayments, usually 2% or 3% of the total balance, each statement period. However, if you only match the minimum amount each month, you'll be unable to repay your entire balance when the 0% offer finishes. If you pay more than the minimum repayment, you'll have a much better chance of repaying your balance before the revert rate applies and you start paying a higher interest rate. If you're unable to repay your balance before the 0% purchase offer ends, a balance transfer might be the next step.
  3. Ineligible transactions. The 0% offer only applies to eligible purchases. If you use your card for balance transfers, cash advances, government payments or other cash-equivalent transactions, they'll usually be charged at the standard rate unless a separate promotional offer applies.
  4. Not taking advantage of the entire offer period. The 0% offer is available as soon as your card is approved, not from when you make your first purchase. So if your card offers a 0% offer for six months but you don't make a purchase or any repayments for the first month, you'll only have five more months to make repayments without incurring interest. If you have a big purchase in mind, make it as soon as possible and start making repayments immediately to get maximum value out of the offer length.

The most popular questions about 0% purchase offers from our users

Does the 0% purchase 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 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?

All eligible purchases made once the card is activated until the end of the promotional period will not collect any interest. 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 accrue the standard relevant interest.

When does the 0% purchase promotion start?

The 0% promotion will begin either when your credit card application is approved or upon credit card activation, depending on the bank. It generally will take 3-5 business days for your card to be mailed to your address after application approval. So if you want to take advantage of the full promotional period, you'll need to remember that the offer period begins when you open the card rather than when you make your first purchase.

What types of transactions are eligible to receive 0% interest?

Your transactions need to qualify as an "eligible purchase" to be covered under the 0% purchase promotion. Eligible purchases are generally defined as everyday purchases which involve the exchange of a good or service for a payment. Transactions that do not qualify as eligible purchases generally include business expenses, gambling transactions, balance transfers and cash advances. If you are unsure about whether your transaction will qualify, contact your bank directly for clarification.

What is the interest rate after the 0% promotional period?

After your 0% purchase promotion has finished, the balance outstanding on purchases made 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 and if you pay your entire balance in full by the end of the statement period.

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, though. 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?

Banks generally exclude bill and government payments from eligible purchases so they will not be considered an interest-free purchase. If you would like to inquire further, contact your bank's customer service team directly.

Back to top

ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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76 Responses to Compare 0% Purchases Credit Card Offers

  1. Default Gravatar
    Joe | February 4, 2017

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

    • Staff
      May | February 5, 2017

      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

  2. Default Gravatar
    Barry | October 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
      Anndy | November 1, 2016

      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

  3. Default Gravatar
    Ken | May 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
      May | May 10, 2016

      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
      May | May 11, 2016

      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

  4. Default Gravatar
    Steph | March 23, 2016

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

    • Staff
      Sally | March 24, 2016

      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

  5. 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
      Sally | December 4, 2015

      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

  6. Default Gravatar
    Woody | November 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
      Jonathan | November 30, 2015

      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

  7. Default Gravatar
    PD | September 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
      Sally | September 18, 2015

      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

  8. Default Gravatar
    | August 17, 2015

    Hi Jonathan,
    I would like to use the credit card to pay my plane ticket from travel agency? Is this classified as purchases or cash advance? I have a existing platinum nab credit card, can I still apply for new Nab credit card, to avail the 12 months 0% interest free? Thanks!

    • Staff
      Jonathan | August 17, 2015

      Hi Myla, thanks for your inquiry!

      Flights/ plane tickets are classified as an eligible purchase. If you are an existing NAB credit card holder unfortunately the purchase offer of 0% for 12 months is unavailable. You may like to refer to other 0% purchase credit cards on this page.

      Cheers,

      Jonathan

  9. Default Gravatar
    alexandra | August 13, 2015

    I don’t understand the difference between 0% on purchase and 0% interest free period.

    Please can you explain it to me as if I were a child, I don’t get it!

    • Staff
      Jonathan | August 14, 2015

      Hi Alexandra, thanks for your inquiry!

      0% on purchases allow you to make purchases without any interest for a certain time/ promotional period. 0% interest free period is the same feature as 0% on purchases. It is important to note that the promotional interest rate will revert back to a standard rate after the introductory period.

      Cheers,

      Jonathan

  10. Default Gravatar
    leonie | July 29, 2015

    just wondering if we would be able to get help we have just started a business and will be getting 3,500 to 8,000 a week.

    • Staff
      Jonathan | July 30, 2015

      Hi Leonie, thanks for your inquiry!

      Please note that you have reached finder.com.au a comparison service and not a lender. On our credit card pages and reviews you can find the ‘Application Requirements’ which state what conditions need to be met in order to apply for the card e.g. age, residency status and income. You may like to compare the best credit cards on this page and business credit cards on this page.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated February 23rd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points per $1 spent and save with a reduced annual fee and a 0% p.a. balance transfer offer for 18 months.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* 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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