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.

2 reviews
Get 100,000 bonus Qantas Points when you apply by 14 April 2020, are approved and spend $3,000 within the first 3 months. New Card Members only.
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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interest free days
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American Express Qantas Ultimate Credit Card
Apply by 14 apr 20
2 reviews
Get 100,000 bonus Qantas Points when you apply by 14 April 2020, are approved and spend $3,000 within the first 3 months. New Card Members only.
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
Receive 50,000 bonus Velocity Points when you apply online, are approved and spend $3,000 within the first 3 months. 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
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months. New Card Members only.
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
American Express Velocity Business Card
No pre-set spending limit means more flexibility.
Earn 2 points per $1 spent on Virgin Australia services and up to 1 point per $1 spent on other purchases, except for government bodies where you’ll earn 0.5 points per $1 spent.
Extend your cash flow up to 51 days.
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51 days
interest free
(up to)
-
$249
ongoing
75,000 annual bonus points when you spend $48,000 on eligible purchases in the year.
Earn up to 2 pts per $1 spent on eligible purchases.
No foreign transaction fees and complimentary international credit card travel insurance.
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44 days
interest free
(up to)
19.99% p.a.
ongoing
$160
ongoing
115,000 annual bonus points when you spend $84,000 on eligible purchases in the year.
Earn up to 2.5 pts per $1 spent on eligible purchases.
Enjoy ten airport lounge passes per year with LoungeKey.
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44 days
interest free
(up to)
19.99% p.a.
ongoing
$270
ongoing
Pay no annual fee as long as you hold the card.
2.99% p.a. for 9 months on balances transferred.
Up to 55 days interest free on purchases.
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55 days
interest free
(up to)
17.99% p.a.
ongoing
$0
ongoing
No annual fee.
2.99% p.a. for 9 months on balances transferred.
No foreign transaction fees and complimentary international credit card travel insurance.
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55 days
interest free
(up to)
17.99% p.a.
ongoing
$0
ongoing
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Pay no annual card fee.
Earn up to 1.75 Qantas points per $1 spent on Qantas flights, goods, and services.
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44 days
interest free
(up to)
20.74% p.a.
ongoing
$0
ongoing
No annual card fee to pay each year.
Base earn rate is 0.75 pt per $1 spent. Get an additional 1 point per $1 when spending with Virgin Australia.
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
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55 days
interest free
(up to)
20.74% p.a.
ongoing
$0
ongoing
Earn 30,000 points when you apply online as a new Card Member, are approved and spend $3,000 in 3 months. New Card Members only.
Relax with 2 complimentary Qantas Club invitations every year. (Conditions Apply)
Complimentary domestic and international travel insurance.
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44 days
interest free
(up to)
20.74% p.a.
ongoing
$249
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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