0% Interest Credit Cards

A 0% credit card is also called a balance transfer card. These type of cards are currently very popular in Australia as many card providers offer their consumers a 0% period, also called a honeymoon period during which they pay no interest at all on their credit cards.

0% Interest Balance Transfer

The Citibank Clear Platinum offers a 0% interest rate on balance transfers, giving you a period of time to save on credit card interest repayments. It is also a Platinum VISA so you will get all the standard perks and rewards including a 24/7 Personal Concierge service and complimentary international travel insurance.

• $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.

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

When to choose a 0% credit card?

If you currently struggle with substantial credit card debt you are the ideal consumer to look for a suitable 0% credit card. The thing is that unless you act sooner than later, your debt will increase and soon get out of hand. Unless of course you can afford to pay off your card in full this month.

When you look into the features of balance transfer cards, make sure you understand the implications of each one. While one might sounds particularly great, it mightn’t be the right card due to other fees and charges or the terms offered.

Balance transfer cards must know:

One aspect of using transfer cards is to know that you can only transfer from one provider to another. So if for example you currently bank with Citibank and want to use a 0% credit card to reduce your debt and pay it off in full during the honeymoon period, then you can only choose providers other than Citibank.

Choose from the best balance transfer credit cards on the market:

The following 0% credit cards can all be considered to be the best on the market. Choose from the available offers depending on your needs, knowing that each of them offers you a really good deal to get rid of debt within the next year.

• ANZ Low Rate MasterCard – 0% interest p.a. for 6 months
• ANZ Balance Visa Credit Card - 0% interest p.a. for 6 months
• Citibank Clear Platinum Visa Credit Card0% p.a. for 7 months

What to look for with 0% interest card offers?

One of the first things you should check with 0% credit card offers is how long the offer stands for. Usually the terms range from six months to 12 months and some even for life. Of course the other costs and charges will be influenced by the honeymoon period so it is advisable to look into the costs a bit more closely.

Reducing debt with the help of balance transfer credit cards is really one of the best ways to do so because you can plan a budget and by sticking to it you can be debt free thanks to 0% balance transfer credit cards.

• 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