How to pay no interest on your credit card for 2 years

Credit card interest can be a real killer for everyday Aussies, especially when you’re trying to double down on debt, but did you know there are credit cards on the market right now that won’t have you paying a cent in interest for more than two years?

That’s right, according to Mozo’s credit card database you can score zero interest periods on balance transfer plastics that last as long as 26 months, which will give you all the time you need to crush even the most stubborn debt.

Just be aware that the zero interest periods apply to transferred debt, so if you do make new purchases on your card you’ll be hit with interest charged at the purchase rate and any interest free days will not apply.

So, start by surveying a collection of debt-busting balance transfer cards below.

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 201 credit cards.
Last updated 14 July 2024 Important disclosures
Citi - Rewards
  • 0% balance transfer offer for 26 months (2.50% BT fee)
  • Up to 55 days interest free on your purchases
  • $49 annual fee in the first year ($149 after)
Find out more

Want two years to pay off your debt? No problems, Citi delivers a whopping 26 months for you to conquer your credit card woes with its Platinum Balance Transfer Offer and will slash the annual fee from $149 to $49 in your first year. And the good news is that, once you’ve swept your debt away for good, you’ll get up to 55 days interest free on your purchases.

HSBC - Platinum Credit Card
  • 0% balance transfer offer for 22 months (2% BT fee)
  • Visa Platinum Concierge service
  • Mozo Experts Choice Award 2017 - Balance Transfer Card category
Find out more

You can’t go wrong with a Mozo Experts Choice Award winner and that’s exactly what we have on our hands with the HSBC Platinum Credit Card. You’ll get 22 months to quash bad debt with this particular piece of plastic and you can live it up with the Visa Platinum Concierge service and HSBC’s home&away privilege program, which offers discounts on shopping, travel and fine dining in 40 countries across the world.

ANZ - First
  • 0% balance transfer offer for 18 months (2% BT fee)
  • Low annual fee of just $30
  • 2017 Mozo Experts Choice Award - Balance Transfer Category
Find out more

Delivering a low $30 annual fee and a 0% balance transfer period of 18 months are just two of the reasons the ANZ First Credit Card has a Mozo Experts Choice Award to its name. Extended warranty and purchase security insurance sure do help as well, so once you do blast your debt and start spending, your precious purchases will be all the more protected.

American Express - Velocity Escape Card
  • 0% balance transfer offer for 12 months (1% BT fee)
  • $0 annual fee
  • Complimentary travel assistance and purchase protection

If you work best with a bit of a stricter deadline, American Express’ Velocity Escape Card will cap your 0% balance transfer period at 12 months but delivers in so many other ways. The $0 annual fee and small 1% credit card establishment fee mean you can get started for next to nothing and you’ll also enjoy the perks that come with being an American Express customer like purchase protection and travel assistance. But best of all, you’ll have the peace of mind of knowing you’re signed up to a piece of plastic from our Mozo Experts Choice Award winning Credit Card Provider of the Year.

Woolworths - Everyday Platinum Credit Card
  • 0% balance transfer offer for 14 months
  • Multiple 2017 Mozo Experts Choice winner
  • $0 first year annual fee ($49 thereafter)
Find out more

You’ll have plenty of time to pay off your balance with the Woolworths Everyday Platinum Credit Card, up to 14 months interest free in fact, and you’ll also be able to get your hands on it without paying the pesky annual fee in the first year. Plenty of additional everyday retail perks including a $50 Woolworths gift card, make this the kind of credit card that could continue to reap rewards for you long after you’ve said sayonara to debt.

Want more choices? Check out a wider range of deals on the market right now using our balance transfer credit card comparison table.

*All rates and offers mentioned in this article are correct at time of writing, but may be subject to change. Please check the full Mozo review for each product for the most up-to-date information.

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Our judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity. Product providers don’t pay to be in the running and we don’t play favourites. Award winners may choose to purchase a licence to use their award in their own marketing and may choose to list products on the Mozo website in a way that may generate revenue for Mozo.

^See information about the Mozo Experts Choice Credit Card Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.