Finder's best interest-free credit card offers for January
Updated 3 January 2024 by Finder's senior credit card writer, Amy Bradney-George.
Finder research has found 83% of Australians have set a financial goal for the New Year, with saving more, spending less and reducing expenses the most popular targets.
One way to save on credit card costs is by getting a card with an introductory 0% interest rate for purchases or balance transfers. Here's our pick of offers in the Finder database:
- 0% p.a. purchase and balance transfer offer:
The Virgin Money No Annual Fee Credit Card offers 0% interest on purchases and balance transfers for 12 months, with no balance transfer fee. - 0% p.a. purchase rate and rewards:
The Citi Rewards Card offers 0% interest on purchases for the first 12 months and earns 1 Citi Rewards point per $1 on eligible spending in Australia (up to $10k per statement period) and eligible spending overseas (uncapped). - 0% p.a. purchase rate and no annual fee:
The Coles No Annual Fee Mastercard offers 0% interest on purchases for the first 6 months and no annual fee ever. It also offers 20,000 bonus Flybuys points when you spend $3,000 on eligible purchases in the first 90 days.
Keep in mind: There's no one best credit card for everyone, so check details that matter to you.
hello,
im looking at having stomach surgery and I have most of the money but I am still needing about another $10,000 for this and I was wondering what credit card would be the best way for me to go as I would like to pay it off with in 12 months of having surgery.
thank you so much
Hi Sarah,
Thanks for your inquiry.
Depending on whether the surgery is billed as a purchase or cash advance (would be best to confirm with the medical company) this would determine whether an interest-free credit card would be ideal. You may refer to our page on comparing medical loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this has helped.
Cheers,
Jonathan
I have an existing credit card that I am trying to pay off. I am finding it hard as the interest I get charged each month is almost the same amount as my monthly repayments, which means I am getting no where. I have talked to some friends that have mentioned I should transfer my debt to an interest free credit card that way I can pay it off within the time of the interest free offer. Will this be beneficial for me? Is there any hidden charges I should be looking for? I am confident I can pay this off within 6-12months, as long as I don’t get charged interest.
Hi Angela,
Thanks for your question.
Your friends were likely referring to a balance transfer, which allows you to bring over an existing credit card balance to a new card and pay 0% p.a. interest on it for an extended amount of time. You can compare and apply for balance transfer credit cards as well as learn more about them. A few things to be aware of with balance transfer credit cards:
– Balance transfer rate: The rate you will be charged on the balance you bring over.
– Annual fee: Will you be charged an annual fee to use this product?
– Balance transfer revert rate: This is the rate you are charged after the balance transfer promotional period is over. Most of these cards revert to either the cash advance rate or purchase rate.
– Balance transfer period: How long you will receive the promotional balance transfer rate for.
– Balance transfer fee: Some cards may charge you a fee to bring over your credit card balance. This fee is often a percentage of the balance you bring over (eg. 3%)
This information can all be found in our credit card review pages, which can be found by clicking on ‘more info’ from the comparison table on the page I linked above. After you’ve reviewed your options and found the best card for your needs and situation, you can click ‘Go to Site’ to apply.
I hope this has helped.
Thanks,
Elizabeth
If you pay my card right out what interest rate will you charge me?
Hi Michael. Thanks for your question, but I’m not sure I understand. Are you referring to the balance transfer rate of interest? You can find this information in the comparison tables and in the review pages for each card. Jacob.