Find and compare 44 interest free day credit cards

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Purchase Rate

20.24%

Annual Fee

$30

Max Free Days

55

$20

More details

Purchase Rate

16.99%

Annual Fee

$149

Max Free Days

45

$20

More details

Purchase Rate

20.24%

Annual Fee

$95

Max Free Days

55

$20

More details

Purchase Rate

19.74%

Annual Fee

$30

Max Free Days

44

$15

More details

Purchase Rate

20.24%

Annual Fee

$425

Max Free Days

55

$20

More details

Purchase Rate

19.99%

Annual Fee

$129

Max Free Days

55

$30

More details

Purchase Rate

20.24%

Annual Fee

$0

for 12 months then $30

Max Free Days

55

$20

More details

Learn more about credit cards

Many credit cards offer interest-free purchases. And some credit card providers offer 44-day (or longer) interest-free periods for purchases.

‘What’s the catch?’ you might ask? Well, there is one… which we’ll explain. The interest-free period – in our example it’s 44 days – is counted from statement issue date to the payment due date.

So while you do get up to 44 days to pay off a purchase without incurring any interest, the count is based on the cycle date of your statement.

If you purchase an item 10 days after your last statement has been issued, you then have 34 days to pay for the item in full before interest is applied.

For the record, if you don’t repay the item in full within the interest-free period, some credit card providers will charge interest from the date of purchase.

That’s why credit card companies usually mention that you have “up to 44 days” rather than “44 days”.

So rather than having an effective cashflow management tool – i.e. a credit card with 44 days’ interest-free – you end up with a financial burden and evidence of undisciplined spending habits.

It’s a technicality whether or not you receive the full 44-day interest-free period. Just make sure you’re aware of your statement period and – if you want to get the full 44 days – make your purchases on the first day of each statement.

To fully understand how your 44 days’ interest-free period is calculated, check your credit card product disclosure statement, terms and conditions or provider’s website.

Every provider has a different statement cycle period and length of time for the due date. So, it’s not as simple as starting at day one each month and counting to 44 for the interest-free days.  

Is a credit card with 44 interest-free days right for me?

Something to consider when shopping around for an interest-free credit card is your pay cycle. It’s a minor point but could be an aid to maximising the value of your credit card. 

A credit card with a 44-day interest-free period gives you 44 days from statement issue date to the payment due date to pay for any purchases without interest being charged.

Your ability to do this could be impacted by when you get paid. If you're paid bi-monthly (which would be tough) this might create stress when attempting to keep on top of 44-day payments. 

It’s worth attempting to sync your pay days with your credit card cycle as part of a well-managed personal financial system.

How to make the most of your interest-free period?

It’s quite simple: make sure you pay for any purchases made within each statement period by the due date. Setting up automated payments for the amount you’ve spent will ensure you do this.

Oh, and if possible, you might want to see if you can make major purchases or pay bills on the first day of each statement cycle.

That way you are guaranteeing yourself that interest won’t be charged on purchases for the full 44 days.

Credit cards can be your best friend if they’re managed responsibly. However, there are a few of us out there who might not know just how easy it is to turn credit to our advantage.

And you can do this beyond just the interest-free days too. Choosing a competitive credit card might also put you ahead financially – for example, if you get a rewards card that doesn’t have an annual fee, and you pay off the entire bill every month. That way, you earn rewards and never have to pay a cent in fees or interest.

Are some 44 interest-free credit cards days better than others?

We know that interest-free is interest-free, but what makes a difference to your credit card’s bottom line are the fees charged by your provider.

And when the fees are charged will also vary between credit card products. An important piece of information here is the fact that different providers will offer different periods for due dates.

One credit card provider might calculate a statement cycle as 30 days and provide an additional 14 days for the due date. There’s your 44-day interest-free period!

Here are a few things to consider when shopping around for a 44-day interest-free credit card:

  • Look at the annual fee charged
  • Compare the interest rate for purchases
  • Make sure you’re OK with the cash advance rate (if this is an important factor)
  • Take into consideration the balance transfer offer (or if there is one)
  • Think about whether you want rewards or other fringe benefits
  • Read the fine print to understand the terms for the 44-day interest free period

Comparison tools like RateCity make this process so much easier for you. When you know what you’re looking for, you can get on with improving your finances.

Frequently asked questions

Current Interest Rate

This is the current interest rate on your existing credit card.

Current Annual Fees

These are the current annual fees on your existing credit card.

How does credit card interest work?

Generally, when we talk about credit card interest, we mean the purchase interest rate, which is the interest charged on purchases you make with your credit card.

If you don’t pay your full balance each month (or even if you pay the minimum amount), you are charged interest on all the outstanding transactions and the remaining balance. However, interest is also charged on cash advances, balance transfers, special rate offers and, in some cases, even the fees charged by the company.

The interest rate can vary, depending on the credit card. Some have an interest-free period, otherwise you start paying interest from the day you make a purchase or from the day your monthly statement is issued. So avoid interest by paying the full amount promptly.

How is credit card interest charged?

Your credit card will be charged interest when you don’t pay off the balance on your credit card. Your card provider or bank charges you the individual interest rate that is associated with your card, which is usually between 10 and 20 per cent. 

The interest will be added onto your bill each month or billing period if you don’t pay off the balance, unless you are in an interest-free period.

You will be charged interest on anything that hasn’t been paid for inside the interest-free period. Usually you will receive a notice on your bill or statement saying you will be charged interest so you have some form of notice before you’re charged.

Should I get a credit card?

Once you've compared credit card interest rates and deals and found the right card for you, the actual process of getting a credit card is quite straightforward. You can apply for a credit card online, over the phone or in person at a bank branch. 

How to get a free credit card

There's no such thing as a free lunch. All credit cards come with associated costs when used to make purchases, even if it’s simply the cost of making repayments.

However, many lenders offer incentives for customers such as a $0 annual fee or 0 per cent interest on purchases during an introductory period. Additionally, paying off your balance in full during an interest-free period means you could only have to pay back the cost of purchases without interest. You could also be eligible for additional rewards such as cashback during that time, saving you more money.

How do you use a credit card?

Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.

How do you use credit cards?

A credit card can be an easy way to make purchases online, in person or over the phone. When used properly, a credit card can even help you manage your cash flow. But before applying for a credit card, it’s good to know how they work. A credit card is essentially a personal line of credit which lets you buy things and pay for them later. As a card holder, you’ll be given a credit limit and (potentially) charged interest on the money the bank lends you. At the end of each billing period, the bank will send you a statement which shows your outstanding balance and the minimum amount you need to pay back. If you don’t pay back the full balance amount, the bank will begin charging you interest.

What is a balance transfer credit card?

A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card. 

How to calculate credit card interest

Credit card interest can quickly turn a manageable balance into unmovable debt. So being able to understand how interest rates translate into dollars is an important skill to acquire.

The common mistake people make is focusing on the credit card’s annual percentage rate (APR), which often sits between 15 and 20 per cent. While the APR does provide a rough idea of how much interest you’ll pay, it’s not entirely accurate.

This is because you actually accrue interest on your balance daily, not annually. So, you need to work out your daily periodic rate (DPR). To do this, divide your card’s APR by the number of days in a year (e.g. 16.9 per cent divided by 365, or 0.05 per cent). You can then apply this figure to the daily balance on your credit card.

What is a credit card?

A credit card is a payment method which lets you pay for goods and services without using your own money. It’s essentially a short-term loan which lets you borrow the bank’s money to pay for things which you can pay back – potentially with interest – at a later date. Credit cards can also be used to withdraw money from an ATM, which is known as a cash advance. Because you’re borrowing money from a bank, credit cards charge you interest on the money you use (unless you repay the entire debt during the interest-free period). When you apply for a credit card, the bank gives you a credit limit which sets the maximum amount you can borrow using your card. Credit cards are one of the most popular methods of payments and can be a convenient way of paying for goods and services in store, online and all around the globe.

Can a pensioner get a credit card?

It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:

  • Annual income. Look for credit cards with minimum annual income requirements you can meet. 
  • Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee. 
  • Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.

How to pay a credit card from another bank

Paying or transferring debt from one lender to the other is called a balance transfer. This involves transferring part or all of the debt from a credit card with one lender to a credit card with another. As part of the process, your new lender will pay out the old lender, so that you now owe the same amount of money but to a new institution.

Many credit card providers offer an interest-free period on balance transfers to help new applicants better handle their debt. During this period, cardholders are not required to pay interest on the debt they brought over from the other card. This can be a great opportunity for consumers to pay off credit card debt with no interest. There are often fees associated with balance transfers; normally, these are a percentage of the amount transferred.

So make sure you read the terms and conditions of the card before transferring any debt across.

How to pay a credit card

There are a few ways to pay a credit card bill. These include:

  • BPAY - allows you to safely make credit card payments online.
  • Direct debits - set up an automatic payment from your bank account to pay your credit card bill each month. You can choose how much you want to pay of your credit card bill when you set up the auto payments.
  • In a branch.
  • Via your credit card provider's app.

How do you pay off credit cards?

The best way to pay off a credit card bill is to set a realistic spending budget and stick to it. Each month, you’ll get a credit card statement detailing how much you owe and how long it will take to pay off the balance by making minimum repayments. If you only make the minimum repayments, it will take you years to pay off your outstanding balance and add extra costs in interest charges. To avoid any extra charges, you should pay the entire bill. 

How to get money from a credit card

You can get money from a credit card, but generally it will cost you.

Withdrawing money from a credit card is called a cash advance, as it operates more as a loan than a simple cash withdrawal. Because it is a loan, you may be charged interest on your cash advance as soon as you make the withdrawal. Interest rates are also usually much higher for cash advances than standard credit card purchases.

In addition to the interest rate, you may also be charged a cash advance fee. This could be a flat rate, or a percentage of your total cash advance. If you are considering a cash advance, make sure to add up how much it will cost you before committing.

What should you do if your credit card is compromised?

Credit card fraud is a serious problem. If your credit card is compromised and you’re wondering what to do, here are a few precautionary steps to take.

Contact you credit provider – Get in touch will your credit card provider. If you feel your card has been compromised, you should be able to lock or block it.

Monitor your accounts – Keep an eye on your credit card accounts. Any unauthorised transactions could be a sign your credit card has been compromised.

Check your credit rating – It’s also important to check your credit rating, to ensure you’re not a victim of identity theft or some other financial mischief.

How to make a credit card online

If you’re wondering about how to make a credit card online application, here are some steps to follow:

  • Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
  • Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
  • Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
  • Review details. Ensure the information you’ve entered is correct.

How do I apply for a credit card online?

Monthly repayment

This is how much you can afford to pay on a monthly basis off your credit card. You can enter any amount you wish; but to make the balance transfer worthwhile the default is $200.