| Credit Card | Interest Free Offer | Purchase Rate | Annual Fee |
|---|---|---|---|
| Commbank Low Fee Gold | 0% for 15 months | 19.74% | $0* |
| St.George Vertigo Platinum | 0% for 15 months | 19.74% | $49 in 1st year |
| NAB Low Rate Platinum | 0% for 15 months | 13.99% | $100 | Suncorp Platinum | 0% for 14 months | 20.74% | $49 in 1st year |
| Virgin Velocity Flyer (Purchase & BT) | 0% for 14 months | 20.74% | $64 in 1st year |
Interest free credit cards are a great way to save in interest charges on your purchases. Your everyday purchases or even those big ticket items such as booking a holiday or buying furniture at Harvey Norman.
When you can't pay off the balance on your credit card each month or prefer to spread your repayments from a large purchase, then the interest free credit card can be right for you.
Sweeten the pot with a 0% interest credit card offer that has a low annual fee or rewards points. And to help with your search, we have listed a top 5 interest free credit cards in Australia.
Feel free to view and compare low interest rate credit cards in the market on Kredmo's website.
Or check out the similar best credit cards lists such as best low interest rate credit cards and best balance transfer credit cards.
Commbank Low Fee Gold
Why We Like It:
Apply by 29 February 2020 to get 0% p.a for 15 months on purchases with the Commbank Low Fee Gold.
In the first year, its annual fee is $0. For subsequent years if you spend $10,000 in 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 has a minimum credit limit is $4,000.
Extra Benefits:
You'll save on overseas transaction fees with its no foreign transaction fees on purchases overseas or online.
It comes with complimentary travel insurance that has cover for both the cardholder and family via Commbank international travel insurance.
Shopping protection is always a bonus to have and your purchases can be covered by its purchase protection and extended warranty. Plus, you have granted access to Priceless Cities with special offers to shows and experiences around the globe.
Use your smartphone to make payments with this card on popular apps Apple Pay, Google Pay, Samsung Pay and Beem It.
Income Eligibility:
No set minimum income is required.
St.George Vertigo Platinum
Why We Like It:
Low interest credit card Vertigo Platinum currently offers 0% p.a. for 15 months on purchases.
Because it's a low rate card, any remaining balance after the interest rate offer ends will have the low standard rate of 12.99% p.a.
In the first year, the annual fee is $49 if the card is linked to the Amplify Rewards program. Thereafter the annual fee is $99 p.a.
Provides up to 3 additional card holders at no extra cost.
Extra Benefits:
A good mix of travel insurances are available. Including the overseas travel insurance, interstate flight inconvenience, transit accident and vehicle rental.
Other perks related to shopping are price guarantee, extended warranty and 24/7 personal concierge.
Now available with Apple Pay.
Income Eligibility:
No set minimum income is required.
NAB Low Rate Platinum
Why We Like It:
The NAB Low Rate Platinum is a top interest free credit card with 0% p.a. for 15 months on purchases.
Paying off your purchases before the interest offer expires is the aim of the game. However, any outstanding balances after the offer expires will have a low rate of 13.99% p.a.
Its minimum credit limit is $6,000.
Extra Benefits:
Accounts owners are given the option of adding an additional cardholder at no cost.
Includes a complimentary NAB's Concierge Service that can assist you with info or bookings related to lifestyle or travel services. Explore different special offers and discounts with its Visa Premium Access.
For insurance protection this card is the front runner with 7 major insurance protection covers! Here's the list - Overseas travel insurance, Transport accident insurance, Interstate flight inconvenience insurance, Domestic hotel burglary insurance, Purchase protection insurance, Extended warranty insurance, and Price protection insurance.
Income Eligibility:
No set minimum income is required.
Suncorp Platinum
Why We Like It:
The Suncorp Platinum has a double interest offer. Both an interest free purchase offer and balance transfer offer at 0% p.a for 14 months.
Any remaining balance from its balance transfer will revert to rate 21.99% p.a.
But that's not all, this card even earns you reward points! Earn yourself 1.25 reward points per $1 spent on eligible purchases like everyday groceries.
Its standard interest rate sits at 20.74% p.a. When you apply by 31 March 2020 the annual fee is $49 in the first year.
Extra Benefits:
Use its 24/7 concierge service to help you with booking flights, purchase event tickets and more.
Now have your travel insurance taken care of. Covers available are international travel insurance, interstate flight inconvenience insurance and transit accident.
Extend your purchase warranty or get the prices with its shopper protection of extended warranty insurance and guaranteed pricing scheme.
Furthermore, its free access to the Suncorp Travel Center and Visa Entertainment, allows booking flights or events to local entertainment events or international travel.
Income Eligibility:
The minimum is income required is $35,000.
Virgin Velocity Flyer – Purchase & BT Offer
Why We Like It:
The Velocity Flyer (Purchase & Balance Transfer offer) is a frequent flyer credit card with an interest free offer of 0% p.a. for 14 months.
Definitely a great option if you want to save on interest and build up Velocity points for free flights.
You can collect 0.66 Velocity points per $1 spent on eligible transactions up to $1,500 for each statement period. Thereafter, you'll earn 0.5 Velocity points per $1 spent.
Its balance transfer offer of 0% p.a. for 6 months with no transfer fee then may interest you (subject to cash advance rate of 20.99% p.a after the offer ends).
The annual fee is $129 with an offer of half annual fee ($64.50) in the first year. Its minimum credit limit is $6,000.
Extra Benefits:
Happily ever after each year you get a free $129 Virgin Australia Gift Voucher.
Its shopping and travel benefits are quite standard. Consisting of 24/7 personal concierge service, Visa Entertainment, guaranteed pricing scheme and transit accident insurance.
As for mobile payment apps it's currently useable with Samsung Pay.
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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Kredmo Pty Ltd is not a credit provider and does not provide personal financial or professional advice or credit assistance. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. Kredmo strongly recommends that you seek independent advice before you apply for any product or service, which is described on the site/page... Read More