Credit Cards with Interest-Free Days | Comparison

Interest-Free Days Credit Cards

One of the major benefits of a credit card is the ability to cashflow your spending. Compare cards that give you up to 62 days interest-free until you need to make the repayment.

14 reviews
Receive 120,000 bonus Qantas points and $275 back with your new ANZ Rewards Black card (terms and conditions apply).
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary International Travel Insurance (eligibility criteria apply) provided by Allianz Insurance.
People are happy
Rated 4.8 out of 5 for customer satisfaction.
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interest free days
purchase rate
annual fee
Apply
Get 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months.
Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
$450 Qantas Travel Credit each year. (Conditions Apply)
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44 days
interest free
(up to)
20.74% p.a.
ongoing
$450
ongoing
Westpac Low Rate Credit Card
Apply by 31 mar 20
38 reviews
0% p.a. for 16 months on balance transfers. Reverts to variable cash advance rate.
Low purchase rate of 13.74% p.a..
Up to 55 days on purchases
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55 days
interest free
(up to)
13.74% p.a.
ongoing
$59
ongoing
Qantas Premier Platinum Credit Card
Apply by 26 feb 20
Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
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55 days
interest free
(up to)
19.99% p.a.
ongoing
$199
1st year
then $299
NEW
American Express Velocity Platinum Credit Card
Apply by 12 feb 20
8 reviews
Receive 100,000 bonus Velocity Points when you apply by 12 February 2020, are approved and spend $3,000 within the first 3 months. This offer is available to new Card Members only.
Earn 1.25 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent.
A complimentary domestic return flight every year with travel insurance and entry into Virgin Australia Lounges.
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55 days
interest free
(up to)
20.74% p.a.
ongoing
$375
ongoing
Bank of Melbourne Vertigo Visa
Apply by 12 feb 20
10 reviews
0% p.a. for 18 months on balance transfers with no balance transfer fee. Reverts to cash advance rate.
$55 p.a. annual fee.
Low ongoing variable purchase interest rate of 13.99% p.a.
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55 days
interest free
(up to)
13.99% p.a.
ongoing
$55
ongoing
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
T&Cs and eligibility criteria apply. Available to new card members only.
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55 days
interest free
(up to)
20.74% p.a.
ongoing
$395
ongoing
NAB Qantas Rewards Signature Card
Earn up to 120,000 Qantas Points. Get 90,000 points when you spend $3,000 in the first 60 days from account approval date and an additional 30,000 points on payment of second year annual fee.
Seven complimentary insurances when you make an eligible purchase.
Reduced Annual Card Fee of $295 in first year (reverts to $395 after first year).
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44 days
interest free
(up to)
19.99% p.a.
ongoing
$295
1st year
then $395
0% p.a. for 6 months on purchases.
Make purchases with NAB’s lowest interest rate card and longest interest-free period.
Low $59 p.a. annual fee.
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55 days
interest free
(up to)
6 months
0% p.a.
then 13.99%
$59
ongoing
25,000 bonus Qantas points when you spend $1,000 on eligible purchases in the first 3 months.
Complimentary Qantas Frequent Flyer membership.
Eligibility criteria, T&Cs, fees and charges apply.
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55 days
interest free
(up to)
20.24% p.a.
ongoing
$95
ongoing
Receive 50,000 bonus Qantas points and $195 back with your new ANZ Rewards Black card (terms and conditions apply).
Complimentary Qantas Frequent Flyer Membership.
Eligibility criteria, T&Cs, fees and charges apply.
More info
Add to comparison
55 days
interest free
(up to)
20.24% p.a.
ongoing
$295
ongoing
American Express Qantas Business Rewards Card
Apply by 29 jan 20
100,000 bonus Qantas Points when you are approved by 29 January 2020 and spend $3,000 in 2 months.
Earn triple Qantas Points for your business when employees fly on eligible Qantas flights and pay using their American Express Qantas Business Rewards Card.
Earn 2 Qantas Points per $1 spent on Qantas products and services.
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51 days
interest free
(up to)
-
$450
ongoing
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Q&As about Interest-Free Days Credit Cards from customers

What are 55 days interest-free credit cards?

55 days interest-free credit cards give the cardholder an interest-free line of credit, provided the account balance is cleared on the due date every month. The payment due date falls approximately 25 days after the end of the billing cycle. The billing cycle is approximately 30 days long.

What does ‘up to 55 days’ actually mean?

It does not mean that you get 55 days credit on every purchase.

Purchases made on the first day of the billing cycle do not have to be paid for (i.e. cleared from the account) until 55 days later. Purchases made on the last day of the billing cycle do not have to be paid for until 25 days later. So the maximum interest-free credit period for any transaction is 55 days, and the minimum is 25 days.

What is the best way to use a 55 days interest-free credit card?

Pay off your account balance in full on the due date to avoid ever paying interest. Make a diary note of the due date, or set up a reminder on your computer or phone, or organise a direct debit from a bank transaction account.

Try to organise the bulk of your purchases and monthly bills so that they occur near the beginning of your credit card billing cycle, to maximise the number of interest-free days that you receive.

Do all credit cards have up to 55 days interest-free?

No. Many credit cards have only 44 days interest-free. Cards with up to 44 interest-free days offer 132 fewer interest-free days every year. If your average monthly purchases are $2,000 and you keep your cash in a 4% mortgage offset account, those extra 132 days are worth $29 per year in saved interest cost. Before you apply for a new card, check to see how many interest-free days it has.

Will I get 55 days interest-free if I have a balance transfer on my card?

No. Having an unpaid balance transfer on your card means that you will forfeit your interest-free days. Interest will be applied to any purchases you make, from the transaction date until they are finally cleared from your account. The same rule applies to any kind of unpaid credit card balance, unless there is an introductory zero-interest offer on purchases in place.

If I can’t pay off my card account balance each month, does it matter how many interest-free days it has?

Essentially, no. If you always carry credit card debt from month to month, you’d be better off looking for a card whose primary feature is a low ongoing purchase interest rate. However, you may be able to combine both features – low interest and 55 days – in a single card, ready for the day when you finally clear your debt.

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