Interest-free credit card comparison

Save on costs and pay off your balance faster with a credit card that offers 0% p.a. interest on purchases or balance transfers.

Interest-free credit cards give you a period of time when no interest is charged on your account balance. The 0% interest period varies depending on the card, with some options giving you an introductory 0% p.a. interest rate for purchases or balance transfers and others offering interest-free days on purchases for each statement period.

Use this guide to compare interest-free credit cards in Australia, including different offers currently on the market. You can also find out about other features to consider so that you can find an interest-free credit card that suits your needs.

Compare interest-free credit cards

Rates last updated September 21st, 2018
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Enjoy 0% p.a. interest on purchases for 14 months. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$99 p.a.
Receive a 0% p.a. interest rate on purchases and balance transfers for 13 months, complimentary travel insurance and 0% foreign transaction fees.
NAB Low Rate Platinum Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 9 months (reverts to 13.99% p.a.)
$100 p.a.
Enjoy a 0% p.a. interest rate offer on purchases for 9 months and the protection of 7 complimentary insurances including overseas travel insurance.
NAB Low Rate Credit Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 6 months (reverts to 13.99% p.a.)
$59 p.a.
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
Bankwest Breeze Classic Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$79 p.a.
Receive purchase and balance transfer offers of 0% p.a. for 13 months, a low ongoing rate and up to 55 interest-free days on purchases.

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* 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. The star ratings indicated on this page are from real finder.com.au users based on their feedback about the quality of this page. It is not representative of any product’s star ratings and should not be taken as a recommendation of any form of credit. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

Best* interest-free credit cards trending now

Compare the features of these interest-free credit cards to see if one is right for you.

What types of credit cards offer 0% interest?

There is a wide range of credit cards that offer interest-free days or 0% p.a. interest promotions. Here, you can find information on a range of different 0% interest credit card options based on how you plan to use your card.

0% purchase credit cards

two girls comparing credit cards online

This type of credit card allows you to make new purchases without paying interest during the introductory period, which is usually the first 3 to 15 months from when you get the new card. At the end of the introductory period, a higher standard variable purchase rate will apply to any remaining balance.

When will I be charged interest on a 0% purchase credit card?

  • If you still carry a balance at the end of the introductory period. The 0% p.a. offer only applies for an introductory period and will revert to the standard interest rate when the offer ends. For example, if the card comes with 0% p.a. for 6 months, the interest-free period will end 6 months after your card was activated and any remaining balance will begin to collect interest.
  • If you use your card for a transaction that isn’t considered a “purchase”. While most everyday spending will be eligible for the interest-free offer, transactions such as cash advances or cash equivalent transactions will be charged interest at the cash advance rate from the time they are made.
  • If you don’t make minimum monthly payments. Even with 0% p.a. interest on your purchases, you'll have to pay at least the minimum amount required by the due date on each credit card statement.

0% balance transfer credit cards

A 0% balance transfer card offers an interest-free period on existing credit card debt that you move onto the new card. The 0% interest rate can last anywhere from 3 to 24 months or more depending on the offer. This gives you the opportunity to repay your debt without collecting any additional interest, which can help you put more money towards paying off the balance faster.

When will I be charged interest on a 0% balance transfer credit card?

  • If you make new purchases. When you make a purchase on this type of card, the interest rate for purchases will apply from the time the transaction is made.
  • If you use your card for a cash advance or cash equivalent transaction. With these transactions, interest charges and fees will apply from the time they are made.
  • If you don't pay off your balance transfer debt by the end of the introductory period. If the balance transfer interest-free period ends and you have an outstanding balance to pay, you'll start collecting interest on it.

Compare interest-free balance transfer credit cards

Rates last updated September 21st, 2018
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Citi Clear Platinum Credit Card
0% p.a. for 14 months
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
St.George Vertigo Platinum - Online Offer
0% p.a. for 25 months
12.74% p.a.
$99 p.a.
Save with 0% p.a. interest for up to 25 months on balance transfers with no BT fee. Plus, platinum perks, including overseas travel insurance.
ANZ Low Rate
0% p.a. for 15 months
12.49% p.a.
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Citi Simplicity Card
0% p.a. for 15 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Save with 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from approval. Plus, a 15 month balance transfer offer.
St.George Vertigo Visa
0% p.a. for 16 months
13.74% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee and purchase rate.
Citi Clear Platinum - Exclusive Offer
0% p.a. for 24 months with 1.5% balance transfer fee
14.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.49% p.a.
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
0% p.a. for 18 months
20.74% p.a.
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus points in the first 3 months with a $64 first year annual fee. Plus, the chance to win 1 million Velocity Points.
NAB Low Fee Platinum Card
0% p.a. for 24 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Offers 7 complimentary insurance covers, a 0% p.a. for 24 month balance transfer and access to a 24/7 concierge service for a $90 p.a. annual fee.

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0% purchase and balance transfer credit cards

This type of credit card offers an introductory 0% interest rate for both balance transfers and purchases. However, the promotional interest-free periods may be different lengths for balance transfers and purchases. For example, a card could offer 0% interest on balance transfers for up to 15 months but only 0% interest on purchases for the first 3 months.

When the introductory period ends, any remaining debt from purchases or balance transfers will attract interest at the standard variable rate for that card. This rate could also be different for purchases and balance transfers.

Compare credit cards with both 0% on balance transfers and purchases

Rates last updated September 21st, 2018
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Earn Velocity Rewards and access an interest-free offer on purchases and balance transfers.
NAB Low Rate Credit Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 6 months (reverts to 13.99% p.a.)
$59 p.a.
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
NAB Low Rate Platinum Card
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 9 months (reverts to 13.99% p.a.)
$100 p.a.
Enjoy a 0% p.a. interest rate offer on purchases for 9 months and the protection of 7 complimentary insurances including overseas travel insurance.
Bankwest Breeze Classic Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$79 p.a.
Receive purchase and balance transfer offers of 0% p.a. for 13 months, a low ongoing rate and up to 55 interest-free days on purchases.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$99 p.a.
Receive a 0% p.a. interest rate on purchases and balance transfers for 13 months, complimentary travel insurance and 0% foreign transaction fees.

Compare up to 4 providers

Credit cards with interest-free days

Many credit cards offer a certain number of interest-free days for each statement period. For instance, you may see “up to 55 days interest-free” included as a feature on your credit card.

This 0% interest period is usually only available if you pay your balance off completely by the due date on each of your statements. If you carry a balance or make a late payment, you won't be eligible for interest-free days and interest will be applied for all purchases made during that statement period. Usually, you will only be able to access interest-free days again after you have paid your balance in full for one or two consecutive statement cycles.

hands using cellphone while holding credit card

How to compare interest-free credit card offers in Australia

If you want to get a credit card with an interest-free period, considering the following features and details can help you find one that's right for you:

  • Introductory period. If the card offers a promotional 0% interest rate for purchases or balance transfers, check how long the introductory period is available for so you can factor this into your repayments and budget. Consider your budget and calculate whether or not you can repay the balance you put on the card while the introductory offer is in place. If not, you might want to look for a card with a longer promotional interest-free period.
  • Standard interest rates. The standard variable purchase and balance transfer rates for credit cards can be as high as 22% p.a. Make sure you check what the promotional rate reverts to when comparing options so that you can budget for any interest charges that may apply if you're still carrying a balance at that time.
  • Interest-free days requirements. Credit cards that offer interest-free days for each statement cycle usually have specific conditions around eligible purchases and repayments. For example, cash advances are not eligible for interest-free days and you must pay your balance in full by the due date on each statement.
  • Rewards programs. Some cards earn rewards or frequent flyer points for every $1 spent on the card. These programs can provide extra value, particularly if you have an interest-free credit card for purchases. But be careful you don’t overspend in order to get more rewards, otherwise you may end up with unnecessary debt.
  • Complimentary extras. Many cards offer complimentary extras such as international travel insurance, purchase protection, extended warranty coverage and concierge services. These perks may add value to your card, but only if you think you will use them.
  • Annual fees. This cost can range from $20 to over $700 each year. Make sure that the cost of the annual fee doesn't offset the interest savings you'll make from the interest-free offer. You may even want to consider a credit card with no annual fee to help save on your costs.
  • Balance transfer fees. Some cards have a one-off processing fee of around 2% to 3% when you apply for a balance transfer. If you choose an interest-free card for your existing debt, make sure you look for this fee when comparing options so you can find one that’s affordable.

Interest-free credit cards can be a convenient and affordable way to access additional funds in a wide range of situations. But it’s important to compare your options to find the right type of card for your needs.


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Answers to the most popular questions about interest-free credit cards from our users

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Credit Card Offers

Important Information*
Citi Clear Platinum Credit Card

Interest rate

12.99

Annual fee

0*

*$99 p.a. after first year

Westpac Altitude Platinum Card - Qantas

Interest rate

20.24

Annual fee

50*

*$200 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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14 Responses

  1. Default Gravatar
    HayleyNovember 20, 2016

    Hi,

    I am needing an amount of $6800 and will be able to pay it back over a year. I will not be using the card for anything else but this one off overseas payment. What would be the best thing for me to do?

    • finder Customer Care
      LouNovember 21, 2016Staff

      Hi Hayley,

      Thanks for reaching out.

      If you are looking for a credit card for overseas payment, you may want to consider the cards listed here as they do not charge foreign currency conversion fee.

      You may also want to consider cards with 0% purchase interest rate listed here. These cards allow you to save on interest payments during the promotional period in case you don’t intend to pay your balance in full at the end of the billing period.

      Cheers,
      Anndy

  2. Default Gravatar
    davidFebruary 15, 2016

    if i pay out the balance in the interest free period can i then cancel the card with no fees.

    • finder Customer Care
      JonathanFebruary 15, 2016Staff

      Hi David, thanks for your inquiry!

      Yes this is generally accepted across balance transfer credit cards. Once you have repaid your outstanding balance you can cancel the credit card anytime.

      Cheers,

      Jonathan

  3. Default Gravatar
    sharonSeptember 8, 2015

    Good morning, I read with interest the balance transfer credit cards with no interest for a period of time. I, like many people have that problem of having not paid my CC on the due date and now have a big balance. I currently have an ANZ Platinum CC, can I apply for a balance transfer with no interest?

    Thank you

    • finder Customer Care
      JonathanSeptember 8, 2015Staff

      Hi Sharon, thanks for your inquiry!

      Balance transfers can be a great way to repay an outstanding credit balance interest free. You may like to compare balance transfer offers and cards on this page.

      Cheers,

      Jonathan

  4. Default Gravatar
    BillyJune 12, 2015

    Hi, I’m looking for a credit card to allow me to pay bills between payments from work. Would use it very little only when my funds are a bit tight. Any recommendations? Suggestions

    • finder Customer Care
      sally.mcmullen@hiveempire.comJune 12, 2015Staff

      Hi Billy,

      Thanks for your question.

      As an online comparison service, we can’t provide you with any specific recommendations. Instead, we provide our users with the comprehensive information they need to make comparisons and develop their own informed decisions.

      However, if you’re only planning on using your credit card sporadically, you may wish to consider a credit card with low interest or no annual fee or a low income credit card.

      Credit cards with high annual fees and rates usually come with extra features such as concierge services, complimentary insurance, and rewards programs. However, if you’re after a credit card to use as a backup for your finances, some of these no-frills options may be of interest.

      I hope this has helped.

      Thanks,

      Sally

  5. Default Gravatar
    SarahFebruary 8, 2015

    hello,
    im looking at having stomach surgery and I have most of the money but I am still needing about another $10,000 for this and I was wondering what credit card would be the best way for me to go as I would like to pay it off with in 12 months of having surgery.

    thank you so much

    • finder Customer Care
      JonathanFebruary 9, 2015Staff

      Hi Sarah,

      Depending on whether the surgery is billed as a purchase or cash advance (would be best to confirm with the medical company) this would determine whether a would be ideal. Please also refer to our page on comparing medical loans on this page.

      I hope this has helped.

      Cheers,

      Jonathan

  6. Default Gravatar
    AngelaJanuary 14, 2015

    I have an existing credit card that I am trying to pay off. I am finding it hard as the interest I get charged each month is almost the same amount as my monthly repayments, which means I am getting no where. I have talked to some friends that have mentioned I should transfer my debt to an interest free credit card that way I can pay it off within the time of the interest free offer. Will this be beneficial for me? Is there any hidden charges I should be looking for? I am confident I can pay this off within 6-12months, as long as I don’t get charged interest.

    • finder Customer Care
      ElizabethJanuary 14, 2015Staff

      Hi Angela,

      Thanks for your question.

      Your friends were likely referring to a balance transfer, which allows you to bring over an existing credit card balance to a new card and pay 0% p.a. interest on it for an extended amount of time. You can compare and apply for balance transfer credit cards on this page as well as learn more about them. A few things to be aware of with balance transfer credit cards:

      – Balance transfer rate: The rate you will be charged on the balance you bring over.
      – Annual fee: Will you be charged an annual fee to use this product?
      – Balance transfer revert rate: This is the rate you are charged after the balance transfer promotional period is over. Most of these cards revert to either the cash advance rate or purchase rate.
      – Balance transfer period: How long you will receive the promotional balance transfer rate for.
      – Balance transfer fee: Some cards may charge you a fee to bring over your credit card balance. This fee is often a percentage of the balance you bring over (eg. 3%)

      This information can all be found in our credit card review pages, which can be found by clicking on ‘more info’ from the comparison table on the page I linked above. After you’ve reviewed your options and found the best card for your needs and situation, you can click ‘Go to Site’ to apply.

      I hope this has helped.

      Thanks,

      Elizabeth

  7. Default Gravatar
    MichaelJuly 11, 2013

    If you pay my card right out what interest rate will you charge me?

    • finder Customer Care
      JacobJuly 11, 2013Staff

      Hi Michael. Thanks for your question, but I’m not sure I understand. Are you referring to the balance transfer rate of interest? You can find this information in the comparison tables and in the review pages for each card. Jacob.

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