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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.

  • 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.

Credit card comparisons on Mozo - rates updated daily

  • promoted

    Virgin Money Virgin Australia Velocity Flyer Card - Purchase Rate and Balance Transfer Offer

    • 0% p.a. on balance transfers for 6 months
    • 0% p.a. on purchases for up to 12 months
    • Receive a $129 Virgin Australia gift voucher each year

    Purchase
    Rate

    0% p.a. for 12 months then 20.74% p.a.

    Annual
    Fee

    $129

    Balance
    Transfer Rate

    0% p.a. for 6 months and then 20.99% p.a.

  • promoted

    St.George Vertigo

    • 0% p.a. on balance transfers for the first 14 months
    • No annual card fee in the first year
    • Up to 55 interest free days on purchases

    Purchase
    Rate

    13.24% p.a.

    Annual
    Fee

    $55 $0 in the first 1 year

    Balance
    Transfer Rate

    0% p.a. for 14 months

  • promoted

    NAB Low Rate Card

    • 0% p.a on balance transfers for 16 months (one off 2% BT fee)
    • Up to 55 days interest free on purchases
    • Secure online application and fast response

    Purchase
    Rate

    13.99% p.a.

    Annual
    Fee

    $59

    Balance
    Transfer Rate

    0% p.a. for 16 months and then 21.74% p.a. (2.00% balance transfer fee)

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