Interest free credit cards

Interest free 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) and pay no interest at all, for a certain period of time.

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How do interest free credit cards work?

Interest free credit cards are offered to new customers as an incentive for switching credit cards. Some credit cards will have interest free 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 interest free credit cards?

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

How do interest free credit cards work?

Interest free credit cards are offered to new customers as an incentive for switching credit cards. Some credit cards will have interest free 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 interest free credit cards?

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

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Interest free credit cards

Most of us will have seen the ads that flash on the TV promising an enticing interest free purchase or balance transfer offer. And who doesn't like the sound of 0% spending or paying off debt free of the pressure of interest?

But if you're wondering if these interest free deals are all they're cracked up to be, read our quick guide that will run you through the types of 0% offers available and the tricks to use these cards like a pro.

What types of interest free credit cards are available? 

Are there any Interest free credit card tips?

How can I find the best deals on Mozo?

Credit Card Reviews

NAB
NAB Rewards Platinum Card credit card review
Overall
8/10
The service from my bank is very good

One problem I have is that there are only a few branches around the country side.

One problem I have is that there are only a few branches around the country side.

Price
0/10
Features
7/10
Customer service
8/10
Convenience
7/10
Trust
7/10

Colin | Western Australia

reviewed 5 days ago

Credit Union SA
Credit Union SA Visa Credit Card credit card review
Overall
6/10
Above average

Their credit card is decent.

Their credit card is decent.

Price
-1/10
Features
-1/10
Customer service
-1/10
Convenience
-1/10
Trust
-1/10

Shane | South Australia

reviewed 5 days ago

NAB
NAB Rewards Platinum Card credit card review
Overall
7/10
Good rewards

Easy access to branches.

Easy access to branches.

Price
5/10
Features
7/10
Customer service
8/10
Convenience
8/10
Trust
6/10

George | Queensland

reviewed 6 days ago

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