Credit CardInterest Free OfferPurchase Rate (p.a.)Annual Fee
Commbank Low Fee Gold0% for 15 months19.74%$0*
St.George Vertigo Platinum0% for 15 months12.99%$49*
Bankwest Breeze Classic0% for 15 months12.99%$79
Virgin No Annual Fee0% for 9 months18.99%$0
NAB Low Rate0% for 6 months12.99%$59

A great way to save on interest charges from purchases is to use interest free credit cards offers. Especially when purchasing big-ticket items such as booking a holiday or buying furniture at Harvey Norman or simply on the accumulation of everyday purchases.

A good reason for having an interest free offer credit card is if you don't pay the statement balance off each month or wish to spread the repayments on a large purchase. 

Besides, you can even sweeten the deal on a 0% purchase rate offer with either a low annual fee or rewards points. To help you with searching for the best deals, we have listed a top 6 interest free credit cards in Australia.

Feel free to view and compare low interest rate credit cards in the market on Kredmo's website. 

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Commbank Low Fee Gold

  • Interest Free Offer: 0% p.a. for 15 months.

  • Purchase Rate: 19.74% p.a.

  • Annual Fee: $0 in 1st year. Thereafter, $0 annual fee if spend more than $10,000.

Why We Like It:

Pay no annual fee in the first year on the Commbank Low Fee Gold while enjoying the 0% for 15 months purchase rate offer when you apply by 30 June 2020.  

Has a $0 annual fee in the first year, and in subsequent years if you spend $10,000 in the prior year the annual fee will be $0, otherwise, it's $89 p.a.

Its standard purchase rate is 19.74% p.a. with up to 55 days interest free. And the minimum credit limit is $4,000. 

 

Extra Benefits:  

No foreign transaction fees will have you saving on overseas transaction fees online or when outside Australia. 

Even more, its complimentary travel insurance provides cover for both the cardholder and family via Commbank international travel insurance.

Both its purchase protection and extended warranty insurances are benefits that will have you feeling more secure when doing your shopping. 

Granted will be your access to Priceless Cities for special offers to shows and experiences around the globe. 

Lastly, payments by smartphone are available with popular apps Apple Pay, Google Pay, Samsung Pay and Beem It. 

 

Income Eligibility: 

No set minimum income is required.

 

St.George Vertigo Platinum

  • Interest Free Offer: 0% p.a. for 15 months.

  • Purchase Rate: 12.99% p.a.

  • Annual Fee: $49 in 1st year. Thereafter it's $99 p.a.

Why We Like It:

Enjoy the combination of the lowest purchase rate on the list with a 0% for 15 months purchase offer from the Vertigo Platinum.

Any remaining balances after the purchase rate offer ends will fall back to still a low rate of 12.99% p.a. 

Even pay a low annual fee of $49 in the 1st year when the card is linked to the Amplify Rewards program. Thereafter the annual fee is $99 p.a. 

At no extra cost, you can have up to 3 additional cardholders. 

 

Extra Benefits:  

Its overseas travel insurance, interstate flight inconvenience, transit accident, and vehicle rental are a good mix of travel insurances to have handy. 

Furthermore, get price guarantee, extended warranty and 24/7 personal concierge. All great perks that offer you extra cover when shopping or assistance with booking your entertainment plans. 

Apple Pay is now available. 

 

Income Eligibility: 

No set minimum income is required.

 

Bankwest Breeze Classic

  • Interest Free Offer: 0% p.a. for 15 months.

  • Purchase Rate: 12.99% p.a.

  • Annual Fee: $79.

Why We Like It:

The Bankwest Breeze Classic is a combined low rate and low annual fee credit card.

Has a great 0% interest offer on purchases for the first 15 months. After, the offer finishes any remaining balances revert to still a low rate of 12.99% p.a and the annual fee is $79 p.a.

 

Extra Benefits:  

Soon as your credit card is approved you can access your digital Bankwest Breeze Classic card via the Bankwest app.  

The Breeze Classic is a vanilla type credit card, with no bells and whistles. So, if you want the same 0% on purchases for 15 months but with more extras, then check out the Bankwest Breeze Platinum. The platinum credit card is $99 p.a and comes with no foreign transaction fees and international travel insurance. 

 

Income Eligibility: 

The minimum income required is $15,000.

 

Virgin No Annual Fee (Purchase Offer)

  • Interest Free Offer: 0% p.a. for 9 months.

  • Purchase Rate: 18.99% p.a.

  • Annual Fee: $0.

Why We Like It:

The Virgin No Annual Fee (Purchase Offer) is the only interest-free offer credit card with a lifetime no annual fee. 

Offering 0% p.a. for 9 months on purchases. After the interest-free period has ended, the purchase rate then reverts to 18.99% p.a.

Its minimum credit limit is $2,000.

 

Extra Benefits:  

If you're an Android fan then you'll be happy to hear this card is eligible with Samsung Pay.  

 

Income Eligibility: 

Its minimum income required is $25,000.

 

NAB Low Rate

  • Interest Free Offer: 0% p.a. for 6 months.

  • Purchase Rate: 12.99% p.a.

  • Annual Fee: $59.

Why We Like It:

The NAB Low Rate does the job if you only need a short term offer. After its 0% for 6 months on purchases ends you will keep a competitive low rate of 12.99% p.a on your purchases. 

Its annual fee is low at $59 p.a which makes it both competitive low interest and low fee credit card. 

 

Extra Benefits:  

To find more fun and entertainment options you can browse its Visa Premium with your free access. 

 

Income Eligibility: 

The minimum income required is $35,000.  

 

We hope you found our list of top 5 interest free credit cards in Australia for 2020 helpful! 

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