Interest-free credit card comparison

Save on costs with a credit card that offers 0% interest on purchases, balance transfers or foreign transactions.

Interest-free credit cards give you a period of time when no interest is charged on your balance. Depending on the card you choose, you could get interest-free days for purchases each statement period, an introductory 0% interest rate for purchases or balance transfers made to a new card or 0% interest on overseas transactions.

Use this guide to compare interest-free credit cards and learn about the different 0% interest offers available. We also explain when you'll be charged interest and other features to consider so that you can find an interest-free credit card that suits your needs.

ANZ Platinum Credit Card - Exclusive Offer

Exclusive ANZ Platinum Credit Card Offer

Exclusive to this site, pay no any annual fee in the first year and take advantage of 0% p.a. for 12 months on balance transfers and 0% p.a. for 3 months on purchases.

  • $0 p.a. annual fee for the first year ($87 p.a. thereafter)
  • 0% p.a. for 3 months (reverts to 19.74% p.a.) on purchases
  • 0% p.a. for 12 months on balance transfers
  • Cash Advance Rate of 21.49% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $35,000 p.a.

Compare interest-free credit cards

Rates last updated July 21st, 2017
Interest Free Period Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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.
Up to 55 days on purchases 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) Go to site More info
HSBC Platinum Credit Card
Earn reward points with high credit limits, prestige services including a personal concierge service.
Up to 55 days on purchases 19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Frequent Flyer Black
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
Up to 55 days on purchases 19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
ANZ Rewards Platinum
Receive 50,000 bonus Reward Points when you spend $2,500 within the first 3 months from card approval.
Up to 55 days on purchases 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
American Express Essential®  Credit Card
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with your Essential Credit Card.
Up to 55 days on purchases 14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
BankSA Vertigo Visa
Get up to 55 days interest-free on purchases and be protected by 24/7 Falcon® Fraud service.
Up to 55 days on purchases 13.24% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
Up to 55 days on purchases 19.99% p.a. $199 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
Get a range of complimentary insurance covers, access to a 24/7 concierge and up to 55 days interest-free on purchases.
Up to 55 days on purchases 12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Up to 55 days on purchases 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
ANZ First Student Card
An ideal credit card for students with up to 44 days interest-free on purchases. Access your account on the go with the goMoney™ app.
Up to 44 days on purchases 19.74% p.a. $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
Up to 44 days on purchases 0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
Citi Clear Platinum
Save with 14.99% p.a. on retail purchases. Also enjoy free wine when you dine with the Citibank Dining Program.
Up to 55 days on purchases 14.99% p.a. $99 p.a. Go to site More info
ANZ Rewards Credit Card
Receive 25,000 bonus Reward Points when you spend $2,500 on eligible purchases in the first 3 months from approval.
Up to 44 days on purchases 18.79% p.a. $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
NAB Low Fee Card
Receive complimentary purchase protection insurance, special offers from Visa Entertainment and up to 44 days interest-free on purchases.
Up to 44 days on purchases 19.74% p.a. 0% p.a. for 16 months with 2% balance transfer fee $30 p.a. Go to site More info
American Express Platinum Business Card
Enjoy a platinum business concierge, complimentary Virgin Lounge access, worldwide travel insurance and luxury hotel benefits.
Up to 51 days on purchases $1,500 p.a. Go to site More info
ANZ Low Rate Platinum
Enjoy platinum benefits with exclusive discounts, complimentary travel and purchase insurances and a 24/7 personal concierge.
Up to 55 days on purchases 11.49% p.a. 0% p.a. for 16 months with 2% balance transfer fee $99 p.a. Go to site More info
American Express Gold Business Card
Take advantage of no pre-set spending limit, data that feeds to MYOB accounting software and up to 51 days interest-free on purchases.
Up to 51 days on purchases $169 p.a. Go to site More info
American Express Platinum Card
Receive an annual $300 Platinum Travel Credit, membership to an elite tier of partner programs and access to more than 1,000 VIP lounges.
$1,200 p.a. Go to site More info
ANZ Rewards Travel Adventures card
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
Up to 55 days on purchases 20.24% p.a. $225 p.a. Go to site More info
NAB flybuys Rewards Card
Earn 1 flybuys point per $1 spent on everyday purchases and receive 7 complimentary insurance covers.
Up to 44 days on purchases 19.99% p.a. 0% p.a. for 6 months $95 p.a. Go to site More info

0% purchase credit cards

This type of credit card allows you to make new purchases without paying interest for a promotional, introductory period. This period varies but is usually the first 3 to 15 months from when you get the new card. After that, a higher standard variable purchase rate will apply to any remaining balance.

A 0% purchase credit card can be useful if you have a large expense coming up, such as a big-ticket household item, an overseas holiday or Christmas shopping. It's wise to spend with a budget in mind and do your best to repay the entire balance before the introductory period ends so you can avoid interest charges.

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

  • The 0% offer only applies for a promotional period and will revert to the standard interest rate when the offer ends. So if the card comes with 0% for 6 months, the interest-free period will end 6 months after your card was activated and any remaining balances will begin to collect interest.
  • If you use your card for a transaction that isn’t considered a “purchase”, such as a cash advance or a cash equivalent transaction.
  • If you don’t maintain your credit card payments each statement period.

Compare 0% purchase credit cards

Rates last updated July 20th, 2017
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 12 months
Includes complimentary overseas medical and travel insurance and the ability to use Apple Pay and Android Pay.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 12 months (reverts to 20.74% p.a.)
Up to 44 days on purchases
$129 p.a.
0% p.a. for 6 months
Earn 0.66 Velocity Rewards points per $1 on purchases and receive a $129 Virgin Australia Gift Voucher each year.
Bankwest Breeze Mastercard
0% p.a. for 13 months (reverts to 12.99% p.a.)
Up to 55 days on purchases
$79 p.a.
0% p.a. for 13 months with 2% balance transfer fee
Receive up to 55 day interest-free on purchases and free worldwide emergency card replacement.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months (reverts to 12.99% p.a.)
Up to 55 days on purchases
$99 p.a.
0% p.a. for 13 months with 2% balance transfer fee
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.

Compare up to 4 providers


0% balance transfer credit cards

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 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.

With this type of 0% interest offer, the card’s standard interest rate will apply to any balance that's left at the end of the introductory period. This could be as high as 22% p.a., so it’s important to pay off as much of the debt as possible during the interest-free period.

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

  • If you make a purchase on the card, the purchase rate of interest will apply from the time the transaction is made.
  • If you use your card for a cash advance or cash equivalent transaction, interest charges and fees will apply.
  • 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 July 21st, 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
Includes complimentary overseas medical and travel insurance and the ability to use Apple Pay and Android Pay.
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 0.66 Velocity Rewards points per $1 on purchases and receive a $129 Virgin Australia Gift Voucher each year.
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
Bankwest Breeze Mastercard
Receive up to 55 day interest-free on purchases and free worldwide emergency card replacement.
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. Go to site More info
Bankwest Breeze Platinum Mastercard
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
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. Go to site More info

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 July 21st, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
ANZ Platinum Credit Card - Exclusive Offer
Receive platinum perks including complimentary travel and purchase insurance.
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
Bankwest Breeze Mastercard
Receive up to 55 day interest-free on purchases and free worldwide emergency card replacement.
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. Go to site More info
Bankwest Breeze Platinum Mastercard
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
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. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Points on your everyday spend and enjoy 0% p.a. introductory offers 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

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 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 lose access to this feature and interest is applied for that statement period. Usually, you will only be able to access interest-free days again after you have paid your balance in full for at least one statement cycle.

When will I be charged interest on this card?

  • If you don’t pay your balance back in full each statement period.
  • If you use your card for a transaction that’s considered a cash advance or an ineligible purchase, unless otherwise specified.
  • If you carry a balance from a balance transfer, some cards may not offer interest-free days on purchases.

Compare credit cards with 55 interest-free days

Rates last updated July 21st, 2017
Interest Free Period Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential®  Credit Card
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with your Essential Credit Card.
Up to 55 days on purchases 14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
Up to 55 days on purchases 19.99% p.a. $199 p.a. Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Up to 55 days on purchases 19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
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.
Up to 55 days on purchases 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) Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Up to 55 days on purchases 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
Citi Clear Platinum
Save with 14.99% p.a. on retail purchases. Also enjoy free wine when you dine with the Citibank Dining Program.
Up to 55 days on purchases 14.99% p.a. $99 p.a. Go to site More info
ANZ Low Rate
Receive up to 55 days interest-free on purchases, up to 3 additional cardholders at no cost and Mastercard PayPass.
Up to 55 days on purchases 12.49% p.a. 0% p.a. for 16 months with 2% balance transfer fee $58 p.a. Go to site More info
ANZ Frequent Flyer Black
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
Up to 55 days on purchases 19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
Commonwealth Bank Business Gold Awards Credit Card
Earn up to 2 Awards points per $1 spent, receive an unsecured credit limit of up to $50,000 and up to 55 days interest-free on purchases.
Up to 55 days on purchases 20.74% p.a. 5.99% p.a. for 5 months $150 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive a $200 Travel Credit every year and complimentary domestic and international travel insurance.
Up to 55 days on purchases 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info

0% foreign transaction fee credit cards

Most credit cards apply foreign transaction and currency conversion fees to purchases made overseas or online with an international merchant. The fees are usually between 2% and 3.5% of the total transaction cost and are in addition to any interest charges that may apply for the balance – even if you are using a credit card with 0% interest on purchases.

Credit cards with 0% foreign transaction fees allow you to use your credit card for international transactions without paying these fees. This type of card is suitable if you’re planning a trip overseas or if you want to use a credit card to shop online with international merchants.

When will I be charged interest on this card?

  • This card may charge 0% foreign transaction fees, but you may still have to pay the standard purchase rate for your transactions.
  • You will be charged interest if you use the card for other types of transactions such as cash advances.

Compare 0% foreign transaction fee credit cards

Rates last updated July 21st, 2017
Table Image Product Description Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee
Bankwest Zero Platinum Mastercard Bankwest Zero Platinum Mastercard Receive complimentary travel insurance for up to 6 months and up to 55 days interest-free on purchases. 0% of transaction value $0 Go to site More info
ANZ Rewards Travel Adventures card ANZ Rewards Travel Adventures card Earn up to 1.50 Reward Points per $1 spent on eligible purchases and receive complimentary overseas travel and medical insurance. 0% of transaction value $0 Go to site More info
Coles Platinum Rewards Mastercard Coles Platinum Rewards Mastercard Earn 2 flybuys points per $1 spent and earn Velocity Status Credits when you shop at select retailers. 0% of transaction value $4 Go to site More info
Bankwest Breeze Platinum Mastercard Bankwest Breeze Platinum Mastercard Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks. 0% of transaction value $0 Go to site More info

Charge cards

Similar to a credit card, a charge card gives you access to funds for a set amount of time and may include features such as rewards programs or complimentary insurance. But unlike credit cards, charge cards don’t apply an interest rate to the balance. Instead, you must pay off the total amount owing by each statement due date – and there are hefty fees and other penalties if you don’t.

While charge cards give you an interest-free way to make purchases on credit, they do not offer the same flexible repayment options as credit cards. They also have high income and credit rating requirements.

Compare business and corporate charge cards

Rates last updated July 21st, 2017
Complimentary Travel Insurance Rewards Program
American Express Velocity Business Card
Take advantage of no pre-set spending limit, data that feeds to MYOB accounting software and up to 51 days interest-free on purchases.
Yes Velocity Rewards Go to site More info
American Express Platinum Business Card
Enjoy a platinum business concierge, complimentary Virgin Lounge access, worldwide travel insurance and luxury hotel benefits.
Yes Membership Rewards Premium Ascent Go to site More info
American Express Gold Business Card
Take advantage of no pre-set spending limit, data that feeds to MYOB accounting software and up to 51 days interest-free on purchases.
Yes Membership Rewards Ascent Go to site More info
American Express Business Card
Consolidate your business expenses and extend your cashflow with up to 51 interest-free days on purchases.
Yes Membership Rewards Ascent Go to site More info

How to compare interest-free credit cards

girls comparing credit cardsIf you want to get an interest-free credit card, considering these 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 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 day 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.


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

Yes, regardless of the type of interest-free credit card you choose, you will still need to pay at least the minimum amount required by the due date on your statement.

Regardless of the type of interest-free credit card you choose, you still need to make repayments by the statement due date each month. If you fail to maintain these regular repayments, some of the repercussions you could face include:

  • Interest charges. If you don’t pay your balance in full by the statement due date, interest will be applied to the remaining debt.
  • Late payment fees. If you don’t make a payment by the statement due date, a late payment fee may be applied. This can be $10 to $30 on a standard credit card, or more on a charge card.
  • Overlimit fees. A fee of between $10 and $30 can apply if you don’t repay your credit card balance and go over your available credit limit.
  • Cancelled promotional interest rates. If you don’t pay the balance, the interest-free promotion may no longer apply. This penalty varies depending on the card, so make sure you check the terms of your offer.
  • Bad credit. Failing to make repayments could have a negative impact on your credit history – especially if your account goes into default.

If you’re struggling to make a repayment by the due date on your statement, it’s important to contact your credit card provider as soon as possible. Customer service staff will assess your situation and discuss repayment options based on your individual circumstances.

Interest-free cards provide 0% on purchases0% on balance transfers and 0% foreign transaction fees. Depending on your needs, your ideal credit card may feature one or more of these promotions and include other features and benefits. Compare your options and consider what you need and are eligible to apply for. It is important to consider the features and costs of the card to ensure that the benefits outweigh the costs.

The interest-free period varies from card to card. In general, it can range from 6 to 24 months if you have a card with a promotional 0% balance transfer offer, or up to 62 days if it’s an interest-free days credit card. Make sure you read the terms and conditions of the card to ensure that the interest-free period complements your spending habits and financial situation.

You can usually balance transfer to any bank and credit card, excluding banks you currently have a credit card with. See this guide for a complete list of banks that don’t allow balance transfers between each other.

Promotional interest-free periods begin when your credit card is approved. Interest-free days begin on the first day of your statement cycle.

Yes. Transferring your existing balance after a 0% purchase or 0% balance transfer promotion has ended is allowed. Note that any balance transfer request will be subject to lending criteria and approval from the issuer.

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

Yes. As long as the promotional 0% interest rate applies, your overseas purchases will not attract any interest. However, any transactions that don't count as purchases – such as withdrawing cash from an ATM or buying foreign currency will be charged interest at the cash advance rate for your card.

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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?

    • Staff
      AnndyNovember 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.

    • Staff
      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

    • Staff
      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

    • Staff
      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

    • Staff
      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.

    • Staff
      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?

    • Staff
      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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