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.

0% p.a. on balances transferred for 22 months, with no balance transfer fee.
$129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
Earn 2 pts per $1 spent on overseas purchases.
AD
HSBC Platinum Credit Card Balance Transfer Offer
Apply by 30 sep 20
Application
on HSBC's website
People are happy
Rated 4.8 out of 5 for customer satisfaction.
You may have seen us in
interest free days
purchase rate
annual fee
Apply
HSBC Platinum Credit Card Balance Transfer Offer
Apply by 30 sep 20
0% p.a. on balances transferred for 22 months, with no balance transfer fee.
$129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
Earn 2 pts per $1 spent on overseas purchases.
More info
Add to comparison
55 days
interest free
(up to)
19.99% p.a.
ongoing
$129
ongoing
Virgin Money No Annual Fee Credit Card
Apply by 31 aug 20
13 reviews
$0 annual fee for the life of the card.
0% p.a. for 12 months on balance transfers.
Up to 55 days on purchases.
More info
Add to comparison
55 days
interest free
(up to)
18.99% p.a.
ongoing
$0
ongoing
St.George Vertigo Visa
Apply by 30 sep 20
25 reviews
0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
0% p.a. on purchases for up to 7 months from card approval (reverts to 13.99% thereafter).
$0 p.a. annual fee for the first year ($55 p.a. thereafter).
More info
Add to comparison
55 days
interest free
(up to)
7 months
0% p.a.
then 13.99%
$0
1st year
then $55
Virgin Money No Annual Fee Credit Card 0% p.a. for 9 Months on Purchases and Balance Transfer Offer
Apply by 31 aug 20
0% p.a. for 9 months on purchases (reverts to 18.99% thereafter).
$0 annual fee for the life of the card.
0% p.a. for 9 months on balance transfers (reverts to 20.99% thereafter).
More info
Add to comparison
55 days
interest free
(up to)
9 months
0% p.a.
then 18.99%
$0
ongoing
Get 55,000 bonus Qantas Points when you apply by online, 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)
More info
Add to comparison
44 days
interest free
(up to)
20.74% p.a.
ongoing
$450
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.
More info
Add to comparison
55 days
interest free
(up to)
20.74% p.a.
ongoing
$395
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.
More info
Add to comparison
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.
More info
Add to comparison
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.
More info
Add to comparison
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.
More info
Add to comparison
55 days
interest free
(up to)
17.99% p.a.
ongoing
$0
ongoing
Earn 0.75 Qantas Point 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.
Earn 1 additional Qantas Point per $1 spent on eligible Qantas products and services.
Pay no annual card fee.
More info
Add to comparison
44 days
interest free
(up to)
20.74% p.a.
ongoing
$0
ongoing
Show more cards

Protect your identity. Monitor your credit score for free.

Join more than 17,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.

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.

People are happy

Rated 4.8 out of 5 for customer satisfaction.
"Credit Card Compare was invaluable in saving me the time of wading through all the various caps etc. that are now in place. Good service."
D. Jones, NSW
""Helpful, polite and responsive experience!""
Stephen, NSW
"Absolutely love this site... it's the best and most updated going. Instant online chat and advice. Thanks!"
S. Hucker, NSW
Read more testimonials
Compare these cards: