| Credit Card | Interest Free Offer | Reverted Rate (p.a.) | Annual Fee |
|---|---|---|---|
| MyCard Rewards | 0% p.a. for 15 months | 22.49% | $199 |
| Bankwest Zero Classic | 0% p.a. for 6 months | 18.99% | $0 |
| Virgin No Annual Fee* | 0% p.a. for 6 months | 19.99% | $0 |
| MyCard Simplicity* | 0% p.a. for 6 months | 22.49% | $0 |
If you want to reduce interest charges on purchases, a practical option is to use interest free offer credit cards. These products come in particularly handy when purchasing big-ticket items such as a holiday, furniture, or tech gear, or accumulating everyday purchases.
A good reason for having an interest free offer credit card is if you can’t pay the statement balance off each month or for those times when you need to spread repayments over time on a large purchase.
Plus, some banks make these deals even sweeter on 0% purchase-rate offers by giving you a low annual fee or letting you earn awesome rewards points while you spend!
To help you find the absolute best deal, we looked at the top interest-free credit cards in Australia. Here is the breakdown of each one. Alternatively, view and compare more interest free offer credit cards in the market on Kredmo's website for all the latest product details.
Here are some other similar articles you may like too: Best Low Interest Rate Credit Cards or Best Balance Transfer Credit Cards.
MyCard Rewards
Our Take
Best For: Extended Interest-Free Window & Ongoing Point Accumulation - The MyCard Rewards card is for people who want a generous long zero percent interest runway to pay off large purchases over time while still collecting reward points on their standard everyday spend.
What purchase rates and benefits do you get: You get 0% interest on purchases for 15 months. After that, the rate goes to 22.49% p.a.
Our favourite feature: You get to collect points on your big upfront and ongoing spending, but you also get 15 whole months to pay it all back without paying a single cent of interest.
Its Top Perks
◇ Simple Points Earning: Earn 1 MyCard point for every dollar you spend locally (up to $10,000 per statement period), and a solid 1 point per dollar on everything you buy overseas with absolutely no cap!
◇ Huge Travel Discounts: Save 10% on selected Expedia and Wotif hotel bookings, and get up to 15% off your dream trips at Luxury Escapes.
◇ Free Insurance Safety Nets: Relax with built-in domestic and international travel insurance, purchase protection, extended warranty, and even free mobile phone insurance if you use the card to pay your monthly phone bill.
What to Know Before You Apply
The Post-Promo Rate Jump: Make sure you have a plan to clear your balance! Once your 15-month interest-free window closes, any unpaid purchases will revert to a hefty 22.49% p.a. purchase rate.
Balance Transfer Setup Fee: While you can take advantage of a 0% interest rate for 15 months on balance transfers, it does come with a 2% upfront setup fee to move your debt across.
Higher Overseas Fee: Shopping on international websites or using your card abroad will cost you a bit more, as it carries a 3.5% foreign transaction fee, which sits higher than the market average.
Good Credit & Steady Income: You must have a good credit history with zero records of defaults or bankruptcy, alongside a steady financial situation that can easily support the card's $2,000 minimum credit limit.
Bankwest Zero Classic
Our Take
Best For: Short-Term Breathing Room & Zero Ongoing Costs - Shoppers looking to avoid interest on their shopping in the short term without having to worry about an annual fee cutting into their savings, can rely on the Bankwest Zero Classic card.
What purchase rates and benefits do you get: You get 0% interest on purchases for 6 months. After that, it returns to 18.99% p.a.
Our favourite feature: Best of all, it has a $0 annual fee and also a super low $1,000 minimum credit limit that makes this card much easier to get approved for compared to big, fancy cards.
Its Top Perks
◇ Absolutely No Annual Fees: You never have to pay a yearly fee to hold this card, keeping more money in your pocket.
◇ Instant Digital Card: As soon as you are approved, you can access your card details right inside the Bankwest app.
◇ Ready for Mobile Wallets: You can start shopping immediately by adding your digital card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, or Garmin Pay.
*If you prefer a higher limit or more bells and whistles, we suggest checking out the Bankwest Zero Platinum card mentioned below.
What to Know Before You Apply
Fast-Approaching Interest Rate: The interest-free holiday on purchases is a short one. After just 6 months, any leftover balance will automatically jump to an 18.99% p.a. purchase rate.
Optional 6-Month Balance Transfer: You also have the option to move existing debt over at a 0% interest rate for 6 months. Just keep in mind it comes with a 3% upfront transfer fee, so it is best used for smaller balances you can knock out quickly.
Cheaper International Shopping: On the plus side, its 2.95% foreign transaction fee is slightly cheaper than the standard 3% market average, making global purchases a tiny bit more budget-friendly.
Income & Credit History: There is no set minimum income required for this card but you must have a good credit history.
Virgin No Annual Fee
Our Take
Best For: Fee-Free Everyday Banking & Velocity Point Perks - The Virgin No Annual Fee card is well suited for those satisfied with a short-term interest period who also want a cost-free way to collect Velocity frequent flyer points via the Virgin Money app retail partner program.
What purchase rates and benefits do you get: You get 0% interest on purchases for 6 months, which goes to 19.99% p.a. after the promo ends.
Our favourite feature: Even though it has no annual fee, you can still unlock ways to earn Velocity points on your shopping through the Virgin Money app's retail partner program.
Its Top Perks
◇ Zero Account Cost: Enjoy a full interest-free promotional window without paying any yearly card fees.
◇ Flexible Credit Limits: The card offers a minimum credit limit of $2,000 all the way up to a maximum of $30,000.
◇ Easy Mobile Taps: Tap and pay instantly on the go with full support for Apple Pay and Samsung Pay.
What to Know Before You Apply
Minimum Income: You must earn a strict minimum clear income of $25,000 per year from regular employment or an official pension.
Credit History: You must have a good credit history with no recent card application rejections.
Mycard Simplicity (formerly Citibank)
Our Take
Best For: Late-Fee Safety Nets & Extra Shopping Protection - The MyCard Simplicity card is perfectly suited for peace-of-mind shoppers who want a short-term interest-free window alongside built-in safety features like extended warranties, purchase protection, and no late payment fees.
What purchase rates and benefits do you get: Get 0% interest on purchases for 6 months. After that, the rate reverts to 22.49% p.a.
Our favourite feature: A completely free for life card with $0 annual fee and its no standard late payment fee. If you accidentally miss a payment deadline, it won't cost you an extra cent!
Its Top Perks
◇ Built-in Shopping Guard: Shop with ultimate peace of mind thanks to included purchase protection and extended warranty insurance on the things you buy.
◇ Travel Savings: Score up to 15% off at Luxury Escapes (saving up to $250 per booking) plus 10% off selected hotels through Expedia and Wotif.
◇ Starter Credit Limit: Comes with a practical minimum credit limit of $2,000.
What to Know Before You Apply
Offer Eligibility: This special 0% introductory shopping offer is exclusively for brand-new credit card customers.
The 6-Month Cliff: Keep a close eye on the calendar! Your interest-free honeymoon on purchases wraps up fast, and any lingering balance you haven't cleared will suddenly start racking up interest at a steep 22.49% p.a. purchase rate.
Fee-Free Balance Transfers: You can also get a clean 0% interest rate for 6 months on balance transfers with absolutely zero transfer fees upfront, which is perfect for a quick debt-clearing strategy.
Higher International Fee: Keep an eye on your global shopping cart, as this card tacks on a higher-than-usual 3.5% foreign transaction fee for overseas purchases or international online stores.
Income & Credit Limit: While there is no specific minimum salary barrier, you must show a verifiable, steady source of income (which can include permanent government pensions or superannuation payouts) to support the $2,000 credit limit.
We hope you found our list of top interest free credit cards in Australia for 2026 helpful!
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