Interest Free Credit Cards – Compare & Apply Online

Best Interest Free Card

The Citibank Clear Platinum Credit Card is the best interest free credit card on the market currently. It features an interest offer on balance transfers for the first 6 months plus a low ongoing rate on purchases. You also receive complimentary purchase cover and extended warranty. All of this for a low annual fee.

• $99 annual fee
• 11.49% p.a. on purchases
• 0% p.a. for 7 months on balance transfers
• Cash Advance Rate of 21.24%
• Minimum Income Requirement of $50,000 p.a.
• Complimentary International Travel Insurance

Click here to read the Citibank Clear Platinum Visa Card terms and conditions

Getting the best deal on an interest free credit card can be quite a challenge because most of us simply don’t have any idea how to calculate our debt repayment schedule – let alone work out how long it will take.

Because of the introduction of 0% interest credit cards things have become somewhat easier to manage. But still, you need to know where you stand if you want to see the road ahead, right?

How to choose interest free credit cards based on some calculations:

To help you determine which 0% interest credit cards are right for you, come with me while I show you some examples on our credit card balance transfer calculator. For the sake of making this easy to understand and comprehend I will be using the same debt amount with the three major 0% interest credit cards. Those are the best on the market, but don’t believe me with hearsay, come and check out yourself while you watch over my shoulder.

Let’s assume for starters that my existing credit card debt is $3000 with a 17 p.a. interest rate on purchases. It is the only debt I have and by using our balance transfer calculator I can show you how the best interest free credit cards perform against one another.

Example 1.) The first card in this test is the ANZ Low Rate MasterCard. Featuring a low 13.24% p.a. interest rate on purchases, a low annual fee of $58, and 0% p.a. for 6 months on balance transfers this card seems like a great deal. Here is what the numbers say:

Before Calculation:	After Calculation:

Results:

With this balance transfer card I would be able to:

• Save $201.89 over the duration of the 0% promotion net of fees of $58.
• Just by making the switch to this card I would still save approximately $80.41 each month after the promotion intro of 6 months.

Example 2.) This time I’m using the ANZ Balance Visa Credit Card. The card offers a 14.24% p.a. interest rate on purchases, a 0% p.a. for 6 months on balance transfers and an annual card fee of $79.

Before Calculation:	After Calculation:

Results:

With this balance transfer card I would be able to:

• Save $189.89 over the duration of the 0% promotion net of fees of $79.
• Just by making the switch to this card I would still save approximately $65.12 each month after the promotion intro of 6 months.

Example 3.) The last card to be tested is the Citibank Platinum Visa Card. Boasting a 20.74% p.a. interest rate on purchases, a 3.9% p.a. for lifebalance transfer rate and a $125 (First Year, Save $125) annual card fee.

Before Calculation:	After Calculation:

Results:

With this balance transfer card I would be able to:

• Save $174.89 over the duration of the 0% promotion net of fees of $85.
• Just by making the switch to this card I would still save approximately $91.87 each month after the promotion intro of 6 months.

• Comparison of Top 10 Credit Card Offers

Editor's Choice: Our Top Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0