CommBank launches new 12 month 0% interest credit card offers

On a mission to find a new credit card but need an extra sweetener to seal the deal? Well the Commonwealth Bank wants a word.

The bank has just launched a limited time offer whereby new credit card applicants will pay 0% interest on their card purchases for the first 12 months, as long as they sign up before April 30, 2019.   

The new offer applies to seven credit cards from the CommBank’s suite, with the Essentials Credit Card being a notable absentee.

Among the participating cards is the 2018 Mozo Experts Choice award-winning Diamond Awards Credit Card, but the full list includes the:

• Awards Credit Card

• Diamond Awards Credit Card

Low Fee Credit Card

• Low Fee Gold Credit Card

Low Rate Credit Card

• Low Rate Gold Credit Card

• Platinum Awards Credit Card

RELATED: Best credit cards for frequent flyer points with Qantas and Velocity

While the lure of a 12 month interest-free period on purchases may be tempting, Mozo Director Kirsty Lamont urged new credit card applicants to really do their research before jumping in.

“Avoiding interest for 12 months may seem like an offer too good to refuse, but it’s worth considering whether you’ll be able pay off your balance in full before that offer ends,” she said.

“After all, the last thing you’ll want is a nasty interest surprise in a year’s time, so make sure you’re aware of the interest rate you’ll be paying after the introductory offer expires, as well as any fees you’ll be paying.”     

RELATED: The 6 best credit cards for Qantas Frequent Flyer Points

Interested in checking out even more credit cards? Don’t apply before you’ve looked through the great low interest offers below, or for even more credit card deals make sure you head on over to Mozo’s credit card comparison page.

Compare credit cards 2019 - last updated 26 February 2024

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • NAB Low Rate Card - Balance Transfer Offer

    Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).

    Purchase rate
    13.49% p.a.
    Balance transfer rate
    0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
    Annual fee
    $59 $0 in the first year
    Compare
    Details
  • American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Offers Card Refund Cover and Card Purchase Cover. Must have no history of bed debt or payment default, be aged 18 years and over, and be an Australian citizen, permanent resident, or hold a long term visa.

    Purchase rate
    10.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $0
    Compare
    Details
  • HSBC Low Rate Credit Card

    Purchase rate
    12.99% p.a.
    Balance transfer rate
    0% p.a. for 20 months and then 25.99% p.a. (2.00% balance transfer fee)
    Annual fee
    $99
    Compare
    Details
  • Australian Unity Low Rate Visa Credit Card

    Purchase rate
    9.90% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $59
    Compare
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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