Compare credit cards with the highest maximum interest free days

Find a credit card that best suits your needs. Compare interest rates, balance transfer rates, annual fees and more from Australia's leading lenders, big and small. - Data last updated on 19 Jun 2018

Now showing 1 - 20 of 43 Maximum Interest Free Days Cards
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Platinum Credit Card
Balance Transfer0% p.a. balance transfer for 22 months (with a 2% balance transfer fee). $0 first year annual fee
Purchase Rate
19.99%
Interest Free Days
55
Annual Fee
$0
Card limit
No set max
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Platinum Card (Suncorp Bank Rewards)
Bonus PointsTriple reward points for the first 6 months, 0% p.a. on balance transfers for 18 months
Purchase Rate
20.74%
Interest Free Days
55
Annual Fee
$129
Card limit
$30,000
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Virgin Australia Velocity Flyer Card (Balance Transfer & Points Offer)
Balance TransferEarn 3 bonus Velocity Points on top of your standard earn rate for each eligible $1 spent per month in the first 3 months and 0% p.a. on balance transfers for 18 months when you apply by 30 June 2018
Purchase Rate
20.74%
Interest Free Days
44
Annual Fee
$64
for 12 months then $129
Card limit
$30,000
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Low Rate Card
Balance TransferExclusive online special: 0% p.a. on balance transfers for 26 months (2% BT fee applies) then reverts to variable cash advance rate. $0 annual card fee in the first year (saving $59). Exclusions apply. Offer ends 31 July 2018.
Purchase Rate
13.49%
Interest Free Days
55
Annual Fee
$0
for 12 months then $59
Card limit
$25,000
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Velocity Platinum Card
Bonus PointsReceive 50,000 bonus Velocity Points when you apply online and spend $3,000 within the first 3 months. 0% p.a. on balance transfers for 12 months
Purchase Rate
20.74%
Interest Free Days
55
Annual Fee
$375
Card limit
$50,000
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Velocity Escape Card
Balance Transfer0% p.a. on balance transfers for the first 12 months
Purchase Rate
20.74%
Interest Free Days
55
Annual Fee
Card limit
$25,000
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Frequent Flyer Platinum
Bonus Points65,000 bonus Qantas Points and $150 back to your new ANZ Frequent Flyer Platinum when you make one eligible purchase in the first 3 months. Eligibility criteria, T&Cs, fees and charges apply.
Purchase Rate
19.99%
Interest Free Days
55
Annual Fee
$295
Card limit
No set max
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Amplify Platinum (Amplify Rewards)
Bonus PointsEarn 50,000 Bonus Amplify Points when you spend at least $2,000 on eligible purchases within 90 days of card approval. Apply by 26 Sep 2018.
Purchase Rate
19.49%
Interest Free Days
55
Annual Fee
$99
Card limit
$80,000
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Low Rate Card
Balance Transfer0% p.a. on balance transfers for 6 months
Purchase Rate
0%
for 6 months then 13.99%
Interest Free Days
55
Annual Fee
$59
Card limit
No set max
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Platinum Rewards Mastercard
Purchase Rate
19.99%
Interest Free Days
55
Annual Fee
$89
Card limit
No set max
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Qantas Platinum Mastercard
Purchase Rate
19.99%
Interest Free Days
55
Annual Fee
$149
Card limit
No set max
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Low Rate Mastercard
Special$0 annual fee for the first year when you apply by 30 June 2018
Purchase Rate
11.99%
Interest Free Days
55
Annual Fee
$0
for 12 months then $45
Card limit
No set max
Compare
Low Rate Platinum Mastercard
Purchase Rate
11.99%
Interest Free Days
55
Annual Fee
$89
Card limit
No set max
Compare
Low Rate First Mastercard (ages < 25)
Purchase Rate
11.99%
Interest Free Days
55
Annual Fee
$29
Card limit
No set max
Compare
Platinum (Bonus Rewards Offer)
Bonus PointsReceive 100,000 Bonus Citi Reward Points and 0% p.a. on balance transfers for 15 months when you apply by 30 June 2018
Purchase Rate
20.99%
Interest Free Days
55
Annual Fee
$49
for 12 months then $149
Card limit
$100,000
Compare
Vertigo Platinum
Balance TransferOnline only - 0% p.a. for 24 months on balance transfers requested at card application (1% BT Fee Applies). Rate then switches to applicable variable cash advance rate. $0 annual card fee for the first year (saving you $99)
Purchase Rate
12.74%
Interest Free Days
55
Annual Fee
$0
for 12 months then $99
Card limit
$80,000
Compare
Signature Rewards
Bonus PointsReceive 120,000 Bonus Citi Reward Points and 0% p.a. for 15 months on balance transfers when you apply by 30 June 2018
Purchase Rate
20.99%
Interest Free Days
55
Annual Fee
$199
for 12 months then $395
Card limit
$100,000
Compare
Rewards Platinum
Bonus Points65,000 bonus Rewards Points and $50 back to your new ANZ Rewards Platinum when you make one eligible purchase in the first 3 months. Eligibility criteria, T&Cs, fees and charges apply.
Purchase Rate
18.79%
Interest Free Days
55
Annual Fee
$95
Card limit
No set max
Compare
Rewards Black
Bonus Points75,000 bonus Rewards Points and $100 back to your new ANZ Rewards Black when you make one eligible purchase in the first 3 months. Eligibility criteria, T&Cs, fees and charges apply.
Purchase Rate
18.79%
Interest Free Days
55
Annual Fee
$375
Card limit
No set max
Compare
Rewards Travel Adventures Card
SpecialEnjoy a Complimentary Return Domestic Flight Each Year
Purchase Rate
20.24%
Interest Free Days
55
Annual Fee
$225
Card limit
No set max
Compare
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The 'interest-free period' on a credit card is actually more complicated than you may think. In simple terms, it’s the amount of time when you are not charged interest on a purchase – but just how that’s calculated may surprise you.

To make sure you don’t get stung with an unexpected interest charge on your next credit card bill, here are a few questions and answers that may help you.

What are interest-free days?

Most credit cards offer an interest-free period that’s usually between 40-55 days. However, this does not necessarily mean you have 40-55 days to pay it off before you start being charged interest. This is because the interest-free period depends on your statement cycle, not the purchase date.

If you see a credit card offering “45 days’ interest-free”, this actually refers to the maximum interest-free days available on a purchase. To get the full 45 days, you need to make the purchase on the first day of your monthly credit card statement cycle. Otherwise, instead of getting the maximum interest-free days, you will receive less than the maximum.

How is an interest-free period calculated?

To explain how interest-free days are calculated, let’s say you buy a new TV. Let’s also assume these two things:

  • Your latest credit card statement cycle lasts from 1 December to 31 December
  • Your maximum interest-free days is 45 days

Example 1: The maximum interest-free period

  • You buy the TV on 1 December
  • You have until 15 February to pay the full amount off your credit card before you start being charged interest

Total number of interest-free days = 45 (the maximum interest-free days)

Example 2: The minimum interest-free period

  • You buy your TV on 31 December – the same day your statement cycle ends
  • You have until 15 February to pay the full amount off your credit card before you start being charged interest

Total number of interest-free days = 15 (the minimum interest-free days)

How can I avoid being charged interest on my credit card?

If you don’t want to get stung with interest, you need to pay off your full closing credit card balance on time.

If you fail to pay the full closing balance by the due date, you will be charged interest on the purchases listed on your statement. Interest is usually calculated by banks and credit unions based on the purchase date; if the interest is not repaid, it will roll over to your next statement cycle.

To help you pay off your credit card on time, consider the following suggestions:

Select a credit card with an interest-free period that best suits your budget

Different credit cards offer different maximum interest-free days. Although 40-55 is standard, some offer up to 62 interest-free days. RateCity has a credit card comparison tool to help you search for a card that meets your needs.

Ask your provider to move your statement period

Many credit card issuers allow you to pick a statement period on your preferred dates.

For example, if you get paid on the 15th of each month, you might set your credit card balance due date for, say, the 20th.

Set up a reminder to make the payment

Life can get busy and bills get missed, so do yourself a favour and set up a reminder on your calendar to pay your credit card bill. You can do this on your phone or computer calendar or even pocket diary. Just pick whatever you’re most likely to see.

Set up a direct debit from your bank account

As long as you have enough money in your account each month, this is a simple way to pay your credit card bill on time. Most banks and credit unions offer this direct debit service free of charge.

What happens if I can’t pay the full balance of my credit card on time?

If you are not in a position to pay the full amount off on the due date, there are steps you can take to help reduce the credit card interest:

Pay off as much as you can – Every extra dollar you pay off your credit card will save you paying more interest. On your monthly statement, there is a minimum repayment amount, but it’s often a good idea to try to pay as much over this minimum amount as you can afford.

Consider a balance transfer – Balance transfer credit cards usually have a much lower interest rate for a set period of time, but are only available if you transfer the debt from your old credit card (or cards) to the balance transfer credit card. However, you need to check out the terms of these cards carefully, as after a set period the interest will usually revert to a higher rate. RateCity has a balance transfer tool to help you compare the cards currently on offer.

Be disciplined – Try not to put more purchases on your credit card until you pay off your debt.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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