Intro rate credit cards

  • Intro rate credit cards get a lot of, well, interest from financially savvy types. Basically, they give you the flexibility to spend money on credit (and possibly earn rewards points) at a lower rate, or pay no interest at all, for a certain period of time.

  • How do intro rate credit cards work?

    Intro rates are offered to new customers as an incentive for switching credit cards. Some credit cards will have intro rates for purchases but you can also get intro rates when you transfer a balance from another credit card. A 0% purchase rate, for example, lets you make purchases on your credit card without a charge for a set period of time.

  • Are there any tricks and traps with intro rate credit cards?

    There are indeed. Some cards will revert to high cash advance rates for balances not paid off within the intro period. And most cards don't apply the intro period to such things as cash advances.

  • We compare 176 credit cards from 58 banks

  • You could save over $2000 by switching credit cards**

  • We update credit card information on our site daily

    • Westpac Altitude
      • 0% p.a. for 12 months on purchases from card approval
      • Earn double points for the first 3 months on purchases
      • Limited time only, offer ends 22 June 2014
    • intro purchase rate

      0.00% for 12 months

    • purchase rate

      0.00% for 12 months then 19.99%

    • balance transfer rate

      3.99% for 6 months

    • Go to site
    More info
    • Westpac Earth
      • 0% p.a. for 12 months on purchases from card approval
      • Earn double points for the first 3 months on purchases
      • 2 cards linked to the one account. Apply by 22 June 2014
    • intro purchase rate

      0.00% for 12 months

    • purchase rate

      0.00% for 12 months then 19.99%

    • balance transfer rate

      3.99% for 6 months

    • Go to site
    More info

** Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.