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No Interest Credit Cards

Explore credit cards with 0% interest offers that help you save on your card costs.

There is a wide range of credit cards that come with no interest when you make purchases or when you transfer an existing debt to the new account. These 0% interest offers are typically part of a promotion that will last for a limited time, usually when you first get a new card. After the introductory period ends, a higher, standard interest rate will apply to any remaining debt.

There are also many credit cards that offer interest-free days for purchases when you pay your account balance in full by the due date on each statement. This gives you a way to use your card and pay no interest for your purchases. Use this guide to compare the different types of no interest credit cards available and learn how they work so you can find the right one for you.

St.George Vertigo Visa

St.George Credit Card Offer

Enjoy 0% p.a introductory rates on balance transfers and purchases combined with a competitive annual fee.

  • $0 p.a. annual fee for the first year ($55 p.a. thereafter)
  • 13.24% p.a. on purchases
  • 0% p.a. for 14 months on balance transfers
  • Cash Advance Rate of 21.49% p.a.
  • Up to 55 days interest free

Compare 0% balance transfer & purchase credit cards

Rates last updated July 27th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
Bankwest Breeze Mastercard
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$79 p.a.
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.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 12 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Save with 0% p.a. interest on purchases and balance transfers, plus, earn up to 0.66 Velocity Points per $1 spent.

Compare up to 4 providers

What types of no interest credit cards are available?

There are many types of no interest credit cards available to suit different needs. Depending on the card you choose, you could get a promotional 0% interest period for purchases or balance transfers or interest-free days for each billing period. If you want to change your credit into cash, you can even get credit cards that offer low cash advance rates.

0% purchase rate cards

If you have a big-ticket purchase coming up (such as new furniture) or you know that your spending is due to increase (for example, for Christmas or a birthday), a 0% purchase credit card could help you repay your purchases faster without additional interest costs. 0% purchase rates are usually only in place for a promotional period (which can vary from 3 to 18 months) and will revert to a higher interest rate thereafter. Therefore, you should do your best to repay the entire balance before the introductory offer ends to minimise your total costs.

Compare credit cards with 0% interest rates on purchases

Rates last updated July 27th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 12 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
Bankwest Breeze Mastercard
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$79 p.a.
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.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.

Compare up to 4 providers

0% balance transfer cards

If you have an existing debt, you could use a no interest balance transfer credit card to repay your balance without collecting interest. Not only will this cut down your interest costs, but it could also help you repay your debt faster. The length of the 0% offer will vary between cards, but some products offer interest-free balance transfers for up to 24 months. As the 0% will revert to a higher purchase or cash advance rate at the end of the introductory period, you should do your best to pay down your entire debt before the standard rate applies.

Compare balance transfer credit cards with 0% interest periods

Rates last updated July 27th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no fee, long-term balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Exclusive Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$99 p.a.
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Citi Rewards Platinum Credit Card
20.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
A long-term balance transfer offer with a range of platinum rewards and benefits.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 20 months
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
0% p.a. for 20 months
$99 p.a.
Get a range of complimentary insurance covers, access to a 24/7 concierge and up to 55 days interest-free on purchases.
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
NAB Low Rate Platinum Card
13.99% p.a.
0% p.a. for 16 months with 2% balance transfer fee
$100 p.a.
Enjoy the protection of 7 complimentary insurances including overseas travel and purchase protection insurance.
HSBC Low Rate Credit Card
13.25% p.a.
0% p.a. for 15 months with 2% balance transfer fee
$55 p.a.
A competitive offer from HSBC featuring a long term balance transfer deal and low ongoing interest rate on purchases.

Compare up to 4 providers

Interest-free days offers

Although this isn’t a type of card, it is a feature offered on a number of cards that allows you to make purchases without paying interest on them for up to a specific number of days. This offer is usually only available to cardholders who make their monthly payments in full. The number of interest-free days will vary from card to card, but they're usually between 44 and 55 days. You can compare credit cards that offer interest-free days here.

Compare credit cards with up to 55 interest-free days

Rates last updated July 27th, 2017
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
American Express Essential®  Credit Card
14.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive a $50 credit when you apply online, are approved and spend $750 on your new card within the first 3 months of card membership.
HSBC Platinum Qantas Credit Card
19.99% p.a.
Up to 55 days on purchases
$199 p.a.
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
HSBC Platinum Credit Card
19.99% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 22 months with 2% balance transfer fee
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
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
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
ANZ Frequent Flyer Platinum
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Citi Clear Platinum
14.99% p.a.
Up to 55 days on purchases
$99 p.a.
Save with 14.99% p.a. on retail purchases. Also enjoy free wine when you dine with the Citibank Dining Program.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Receive up to 55 days interest-free on purchases, up to 3 additional cardholders at no cost and Mastercard PayPass.
ANZ Frequent Flyer Black
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
Commonwealth Bank Business Gold Awards Credit Card
20.74% p.a.
Up to 55 days on purchases
$150 p.a.
5.99% p.a. for 5 months
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.
American Express Platinum Edge Credit Card
20.74% p.a.
Up to 55 days on purchases
$195 p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive a $200 Travel Credit every year and complimentary domestic and international travel insurance.
ANZ Rewards Travel Adventures card
20.24% p.a.
Up to 55 days on purchases
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
American Express Explorer® Credit Card
20.74% p.a.
Up to 55 days on purchases
$395 p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
ANZ Low Rate Platinum
11.49% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Enjoy platinum benefits with exclusive discounts, complimentary travel and purchase insurances and a 24/7 personal concierge.
Bank of Melbourne Vertigo Visa Credit Card
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Receive up to 55 days interest-free on purchases and the protection of Verified by Visa online purchases.
Bank of Melbourne Amplify Signature
19.49% p.a.
Up to 55 days on purchases
$279 p.a.
Earn up to 3 Amplify Rewards Points per $1 spent and receive an additional card at no extra cost.

Compare up to 4 providers

Low cash advance rate cards

Currently, no credit cards in Australia offer credit cards with 0% interest on cash advances. These transactions usually collect the highest interest rate on the card (between 20% and 22%), but there are some credit cards that offer a lower ongoing cash advance rate. These cards are suited to cardholders who regularly use their credit card to withdraw cash from an ATM or make other cash-equivalent transactions.

Comparison of cash advance credit cards

Rates last updated July 27th, 2017
Name Product Interest Free Period Cash advance rate (p.a.) Purchase rate (p.a.) Annual fee Product Description
Bendigo Bank Basic Black Credit Card
Up to 44 days on purchases
12.24% p.a.
12.24% p.a.
$45 p.a.
Manage and secure your card with the free Bendigo Bank Protect+Pay app and add an additional cardholder for $0.
ME frank Credit Card
Up to 55 days on purchases
11.99% p.a.
11.99% p.a.
$0 p.a.
Available in black or white, this no-fuss credit card offers the same rate on purchases and cash advances, plus card lock technology.
Newcastle Permanent Value+ Credit Card
Up to 55 days on purchases
11.49% p.a.
11.49% p.a.
$49 p.a.
Receive up to 55 days interest-free on purchases, the ability to use payWave and the option to add up to 3 cardholders at no charge.
bcu Classic Credit Card
Up to 55 days on purchases
14.80% p.a.
11.80% p.a.
$45 p.a.
Enjoy the same competitive interest rate on purchases and cash advances, plus up to 55 days interest-free on purchases.

Compare up to 4 providers

How can I compare no interest credit cards?

Looking at a number of different credit cards with no interest offers will help you find one that suits your individual needs. So, here are the key details that will help you weigh up each card and offer:

  • Length of the promotional offer. If you're applying for a card with 0% on purchases or balance transfers, make sure you check how long you'll enjoy this 0% promotional rate. This will help you determine how much you'll need to repay each month to clear the entire balance before the higher revert rate applies. If you have a large debt, you might want to opt for a card with a longer introductory offer.
  • Revert rate. With promotional interest-free credit card offers, the 0% interest rate will revert to a higher rate at the end of the introductory period. Check what standard interest rate will apply to your balance so you can budget for any interest payments. Remember to compare this rate between cards to help you find one that will work for you.
  • Annual fee. Most credit cards charge an annual fee, so make sure that the interest savings you receive outweigh this cost to get value out of the card.
  • Rewards program. Some of credit cards that offer 0% interest also come with rewards programs that let you earn points for every $1 spent. If you want this type of benefit, look at how many points you're likely to earn (based on your spending) and the options you'll have for redeeming them. This will help you work out if the card is right for you. Also remember that if you're using a card for a 0% balance transfer offer, rewards may be less valuable as you shouldn't be using the card to make regular purchases while you're concentrating on repaying your debt.
  • Complimentary extras. Many credit cards offer complimentary perks such as purchase or travel insurance, concierge services and airport lounge passes. These benefits can add value to your card but make sure you'll actually use them before including extras in your comparison.

What are the pros and cons of no interest credit cards?

Pros

  • Save money. The most obvious perk of a no interest credit card is that you can save on interest costs while the promotion is in place.
  • Consolidate your debt. If you use a 0% balance transfer credit card, you could repay your debt faster and save hundreds or thousands on interest.
  • Make larger purchases. If your card has no interest on purchases, this can give you the flexibility to make larger purchases and pay them off over time without collecting interest.

Cons

  • Revert rate. At the end of the introductory period, the no interest offer will revert to a higher, standard variable rate.
  • Repaying multiple balances. If you’re carrying multiple types of balances, the interest-free offer may not apply to the balance you want. For example, a no interest period may apply to purchases but not cash advances.
  • Temptation to spend. For some shoppers, having no interest on purchases may be used as an excuse to overspend.

How to apply for a no interest credit card

You can apply for a credit card that offers 0% interest online in a few minutes. Remember to check the terms and conditions that are attached to the interest-free offer so that you're sure you can use it. Then, once you've compared cards and chosen one that suits your needs, make sure you meet the eligibility criteria and have all the essential documents and details on hand to speed up the application process.

What are the eligibility criteria?

The eligibility requirements will vary from card to card, but here are some of the conditions you can expect during the application process.

  • Age. You'll need to be 18 years old or older to apply.
  • Residential status. Most Australian credit cards require cardholders to be permanent Australian residents or citizens. You can compare credit cards that accept temporary residents here.
  • Annual income. You may need to meet a minimum income requirement to apply.

What information will I need to provide?

You’ll also be required to provide certain information during your application, so make sure to have the following handy:

  • Identity details. To confirm your identity, the bank may ask for you to provide evidence such as your driver’s licence, passport or Medicare card.
  • Employment verification. You be asked to provide evidence of your income, including pay slips, tax documents and your employer’s contact details.
  • Other financial details. This could include any other sources of income, assets such as investments and savings accounts, as well as existing loans or cards that you use. You'll also need to provide a budget for your household expenses to help show the credit card issuer how you manage your money.

From introductory 0% offers to interest-free days, here are many different ways to pay no interest on a credit card. Just remember to check how each offer works and make sure you meet the requirements so that you can enjoy an interest-free period on the credit card you choose.

Frequently asked questions

Yes, you will still receive statements and be required to make minimum monthly payments. In some cases, the no interest offer may be removed if you miss a payment.

If you want to minimise your interest costs, it's wise to pay more than the minimum amount each month. Ideally, you should aim to pay the balance off completely before the revert rate applies.

Any unpaid balance will be charged at the revert rate described in the Product Disclosure Statement. This is usually either the standard purchase rate or cash advance rate. To avoid any nasty surprises, make sure you read over these before applying.

Many credit cards offer an interest-free period for purchases during each statement or billing period. To enjoy paying no interest through this feature, you usually need to pay your account balance in full by the due date on each of your statements. You'll then get up to a certain number of days interest-free for purchases made in the next statement period. Read our guide on interest-free days to learn more about how this feature works.

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4 Responses

  1. Default Gravatar
    AdaMay 30, 2017

    Hi I’m just wondering is there a card you can use that has absolutely no interest until 6 months or 1 year. No fees and interest ?
    Thanks

    • Staff
      JonathanMay 30, 2017Staff

      Hi Ada!

      Thanks for the comment.

      What you are looking for is the 0% Balance Transfer and 0% Purchase Rate Cards. These cards help you get a break from regular interest charges of a balance from an old card plus new purchases made on the new card. Take note this is only for few months depending on your chosen brand/issuer.

      You may go to this link to help you get a selection of these cards. Once chosen, click “Go to Site” green button for application.

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    traceyOctober 22, 2014

    I want to combine my two credit cards what be the best way or option

    • Staff
      ElizabethOctober 23, 2014Staff

      Hi Tracey,

      Thanks for your question.

      You can consider a balance transfer credit card. These cards allow you to bring over the balance from one or more existing cards to the balance transfer card. You’ll pay a lower rate, usually 0% p.a., for a set amount of time on the balance you bring over. You can compare these cards on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

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