No Interest Credit Cards

Compare credit cards offering no interest periods that can help you save money.

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If you need to pay off debt you already owe or if you have some big expenses coming up, there is a range of credit cards that offer no interest for an introductory period on balance transfers, purchases or both. There are also cards that offer no interest on an ongoing basis and charge a monthly fee instead. Use this guide to learn more and compare your options.

What types of no interest credit cards are available?

Depending on the card you choose, you could get an introductory no interest period for purchases, balance transfers, both, or interest-free days on purchases for each billing period.

Not sure what type of no interest credit card you're looking for? Let's take a closer look at the different options.

No interest on purchases credit cards

If you're planning to buy a big-ticket item or want to use a credit card to pay for a holiday, your Christmas shopping or another major event, a 0% purchase credit card can help you save on interest charges. These cards offer no interest on purchases for an introductory period, which can vary from 3 to 15 months. After that, the 0% interest rate will revert to a higher interest rate that applies to any unpaid purchase balance on the card, as well as any new purchases.

Compare credit cards offering no interest on purchases

Data indicated here is updated regularly
$
Name Product Purchase rate Balance transfer rate Annual fee Interest-free period Amount saved
ANZ Platinum Credit Card
0% for 17 months, reverts to 20.24% p.a.
20.24% p.a.
$0 annual fee for the first year ($87 p.a. thereafter)
Up to 55 days on purchases
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Citi Clear Card
0.9% for 15 months, reverts to 14.99% p.a.
0.9% p.a. for 15 months
$99
Up to 55 days on purchases
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover. Ends 16 November 2020.
Bankwest Breeze Classic Mastercard
0% for 15 months, reverts to 10.99% p.a.
2.99% p.a. for 9 months
$49
Up to 55 days on purchases
Save with an introductory rate of 0% p.a on purchases for 15 months and 2.99% p.a. on balance transfers for 9 months.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Bankwest Breeze Platinum Mastercard
0% for 15 months, reverts to 10.99% p.a.
2.99% p.a. for 9 months
$69
Up to 55 days on purchases
Get 0% interest on purchases for 15 months, complimentary travel insurance and no foreign transaction fees.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% for 14 months, reverts to 20.74% p.a.
0% p.a. for 6 months
$64 annual fee for the first year ($129 p.a. thereafter)
Up to 55 days on purchases
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first-year annual fee and Velocity Points per $1 spent.
Bendigo Bank Low Rate Credit Card
0% for 15 months, reverts to 11.99% p.a.
13.99% p.a.
$45
Up to 55 days on purchases
Get 0% p.a. interest on purchases for 15 months and a $150 Woolworths Supermarket gift card when you spend $1,000 in the first 90 days.
Virgin Money No Annual Fee Credit Card
0% for 12 months, reverts to 18.99% p.a.
0% p.a. for 12 months
$0
Up to 55 days on purchases
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Up to 55 days on purchases
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
St.George Vertigo Classic
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Get 0% p.a. promotional purchase and balance transfer rates and save with a first-year annual fee waiver.
Bank of Melbourne Vertigo Classic
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Save with 0% p.a. for 7 months on purchases, 0% p.a. interest for 22 months on balance transfers and a $0 first-year annual fee.
NAB StraightUp Card
N/A
$0
Save with 0% interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.
Bank of Melbourne Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
St.George Rainbow Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
All the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
St.George Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
St.George Vertigo Classic Rainbow
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
All the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
BankSA Vertigo
0% for 7 months, reverts to 13.99% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Enjoy a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus, $0 first-year annual fee.
BankSA Amplify Platinum
0% for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus a $0 first-year annual fee.
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No interest balance transfer cards

A 0% balance transfer credit card can help you save money on existing debt by charging no interest during the introductory period. The length of the offer is usually between 6 to 24 months and the 0 percent rate applies to existing debt that you transfer to the new card. At the end of the introductory period, the interest rate will revert to a higher standard rate. So if you want to have zero interest on your credit card debt, make sure you pay it off in full before the introductory period ends.

Compare no interest balance transfer credit cards

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Citi Rewards Card - Exclusive Offer
0% p.a. for 30 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
ANZ Low Rate
0% p.a. for 25 months with 1.5% balance transfer fee
12.49% p.a.
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Coles No Annual Fee Mastercard
0% p.a. for 12 months
0% for 12 months, reverts to 19.99% p.a.
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 22 months
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points.
Westpac Low Rate Card
0% p.a. for 20 months with 1% balance transfer fee
13.74% p.a.
$59
A low rate card offering 0% p.a. interest on balance transfers for the first 20 months and a $200 cashback offer.
HSBC Platinum Credit Card - Balance Transfer Offer
0% p.a. for 22 months
19.99% p.a.
$129
Enjoy a 22-month balance transfer offer, travel insurance and an annual fee refund when you spend an eligible $6k/year.
Citi Rewards Card - $500 Voucher Offer
0% p.a. for 12 months
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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No interest on purchases and balance transfers credit cards

If you have credit card debt you need to pay and also need to make new purchases, a credit card offering no interest on both purchases and balance transfers could be what you're looking for. These will typically give you a shorter period of time (relative to a single offer) to pay off a balance transfer as well as make new purchases with no interest. Both offers will end (not always at the same time), at which point both interest rates will revert back to standard and you will start to accrue interest.

Compare credit cards offering no interest on purchases and balance transfers

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
St.George Vertigo Classic
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Get 0% p.a. promotional purchase and balance transfer rates and save with a first-year annual fee waiver.
Virgin Money No Annual Fee Credit Card
0% p.a. for 12 months
0% for 12 months, reverts to 18.99% p.a.
$0
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
Bank of Melbourne Vertigo Classic
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Save with 0% p.a. for 7 months on purchases, 0% p.a. interest for 22 months on balance transfers and a $0 first-year annual fee.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% for 14 months, reverts to 20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first-year annual fee and Velocity Points per $1 spent.
St.George Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
St.George Vertigo Classic Rainbow
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
All the great low cost features of the Vertigo Visa with a rainbow design in support of the LGBT community.
Bank of Melbourne Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
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Interest-free days offers

This is an ongoing credit card feature that offers you 0% interest on purchases for a set number of days in each statement period, usually up to 44 or 55 days. With most credit card issuers, interest-free days are only available when you pay your balance in full by the due date on each statement. You can learn more about credit cards that offer interest-free days here.

Compare credit cards with up to 55 interest-free days

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 20 months with 1% balance transfer fee
A low rate card offering 0% p.a. interest on balance transfers for the first 20 months and a $200 cashback offer.
Citi Rewards Card - Exclusive Offer
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 30 months
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$129
0% p.a. for 22 months
Enjoy a 22-month balance transfer offer, travel insurance and an annual fee refund when you spend an eligible $6k/year.
Bankwest Breeze Classic Mastercard
0% for 15 months, reverts to 10.99% p.a.
Up to 55 days on purchases
$49
2.99% p.a. for 9 months
Save with an introductory rate of 0% p.a on purchases for 15 months and 2.99% p.a. on balance transfers for 9 months.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
Up to 55 days on purchases
$99 annual fee for the first year ($199 p.a. thereafter)
0% p.a. for 12 months
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
Qantas Premier Platinum
19.99% p.a.
Up to 55 days on purchases
$199 annual fee for the first year ($299 p.a. thereafter)
0% p.a. for 18 months with 1% balance transfer fee
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 55 days on purchases
$64 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 22 months
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points.
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No interest monthly fee credit cards

New to the Australian market in 2020, there are a couple of credit cards that offer no interest on an ongoing basis and charge a monthly fee instead. These no interest monthly fee credit cards offer an alternative to buy now pay later schemes, more so than traditional credit cards.

Compare no interest monthly fee credit cards

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Foreign currency conversion fee Min credit limit Max credit limit Monthly fee
NAB StraightUp Card
0%
0%
$1,000
$3,000
$1,000 limit = $10/month
$2,000 limit = $15/month
$3,000 limit = $20/month
Save with 0% interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.
Commonwealth Bank Neo Card
0%
0%
$1,000
$3,000
$1,000 limit = $12/month
$2,000 limit = $18/month
$3,000 limit = $22/month
Borrow up to $3,000 with no interest charges - just a monthly fee that depends on your credit limit. Plus, access to CommBank Rewards.
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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 to help you weigh up each card and offer:

  • Length of the introductory offer. If you're applying for a card with no interest on purchases or balance transfers, make sure you check how long the promotional rate lasts. This will help you work out how much you need to repay each month to clear the card's 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 prepare 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 the credit cards that feature no interest offers also come with rewards programs that let you earn points for every $1 spent. If you want to earn rewards, look at how many points you're likely to earn (based on your spending) and how you could redeem them. This will help you work out if the card is right for you. But if you're using a card for a 0% balance transfer offer, be aware that rewards should not be a priority when you're focused on repaying your debt.
  • Complimentary extras. Many credit cards offer complimentary perks such as travel insurance, purchase 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 during the interest-free period.
  • Pay off credit card debt. Moving your existing credit card debt to a card that offers 0% p.a. on balance transfers gives you a way to save on interest charges during the introductory period, which can also help you pay off the debt faster.
  • Save on interest for larger purchases. If your card offers no interest on purchases, this can give you the flexibility to make larger purchases and pay them off without interest charges during the interest-free period.

Cons

  • Revert rate. At the end of the introductory period, the 0% p.a. interest rate will revert to a higher, standard variable rate.
  • Repaying multiple balances. If your credit card has balances from different types of transactions, you may only be paying zero interest for one part of your overall account balance. For example, a credit card that offers 0% p.a. on balance transfers will charge no interest on debt you move to the card but could charge interest on new purchases you make with the card.
  • 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 no interest credit card online in a few minutes. Remember to check the the interest-free offer terms and conditions 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.

Eligibility criteria

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

  • Age. You 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.

Required documents

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, there are many different ways to avoid interest charges 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

Here you'll find answers to some of the most popular questions about no interest credit cards and offers. You can also get in touch with us by leaving a comment or question below.

Will I have to make monthly payments during a no interest promotional period?

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 save on credit card 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 introductory 0% interest period ends. Otherwise, any debt remaining will attract interest at the standard rate for that card, which could be much higher.

What happens if I am unable to pay off my credit card balance before the 0% promotional period ends?

Any unpaid balance will be charged at the standard variable rate described in the Product Disclosure Statement. This is also known as the revert rate and is usually either the card's standard (or ongoing) purchase rate or cash advance rate. To avoid any nasty surprises, make sure you check what these rates are before you apply.

How do interest-free days work? When will they let me avoid interest charges?

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.

Are there other fees that apply for no interest credit card transfers?

There are a few fees to look for when you want to transfer your existing debt to a card offering 0% interest on balance transfers during the introductory period, including:

  • Balance transfer fee. Some 0% balance transfer credit cards charge a one-off fee for processing the transfer. This is usually worth 2–3% of the total debt moved to the new card, so it's worth factoring in when you're comparing cards to help you find one that's affordable.
  • Annual fee. Usually, credit card annual fees are charged when you first open an account. What's more, many credit card providers classify the annual fees as a new purchase, which means you could be charged interest at the card's purchase rate if you don't pay it off in full.
  • Interest on purchases. Unless you have a card offering zero interest on transfers and new purchases, you'll be charged interest at your card's standard purchase rate if you use it to make payments. If you can avoid using the card and focus on paying down the balance transfer debt, you'll be able to make the most of the 0% interest period for your balance transfer.
Can I get a credit card with no interest and no fees?

Yes, it's possible to get a credit card that offers no interest and a $0 annual fee. For example, some credit cards with no annual fees could also offer an introductory 0% interest rate for purchases or balance transfers. Many of these cards also offer interest-free days on purchases if you pay your balance in full by the due date on each statement.

Another option is to look at a 0% purchase or 0% balance transfer card that waives the annual fee in the first year. This will give you no fees and no interest for the introductory period only. As introductory offers change, make sure you compare the latest credit card deals to see what options are available.

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Citi Rewards Card - Exclusive Offer
21.49% p.a.
0% p.a. for 30 months
$49 annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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* 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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