Credit Cards With 55 Days Interest-Free

Compare credit cards with up to 55 days interest-free, so you can stretch payments with a free interest-free line of credit.

David Boyd avatar
Written by   |  
Vidhu Bajaj avatar
Edited by   |  
Andrew Boyd avatar
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Updated 28 Mar 2025   |   Rates updated regularly

Comparing of 157 credit cards with up to 55 days interest-free

Featured
Citi Rewards Card Balance Transfer and Purchase Offer

On Citi's website

Balance transfer

15 months at 0% p.a.

Purchase rate

15 months at 0% p.a.

Interest-free days

Up to 44 days on purchases

Annual fee

$199.00 p.a. ongoing

Details

  • 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate.
  • Earn 1 Citi reward point per $1 spent on eligible transactions.
  • Use your Citi Reward Points for a credit back on almost any purchase.
  • Complimentary mobile phone insurance when you pay your monthly mobile plan bill with your Citi Rewards Credit Card. See Terms and Conditions here.

This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.

Pros & cons

Pros
  • 0% p.a. on balance transfers and purchases for the first 15 months.
  • Get 10% off Limited Time Lux Exclusive hotel offers (up to $250 per booking) booked by 1 March 2026.
  • Get $10 cashback every month until 31 October 2025 when you sign up for a Binge Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription.
  • 5% discount on international flights with Trip.com with no blackout dates. Book by 31 December 2025 for travel by 30 September 2026.
  • Provides Purchase Protection Insurance and Extended Warranty Insurance for added security on your eligible purchases.
  • Get a maximum credit limit of up to $100,000, providing flexibility for larger expenses.
  • Supports Apple Pay, Google Pay, and Samsung Pay.
Cons
  • There is a 2% BT fee.
  • Rewards earning is capped at $10,000 in spending per statement period, which works well for moderate spending habits.
  • Each additional card costs $90 annually, with a limit of up to four cardholders.
Citi Clear Credit Card

On Citi's website

Balance transfer

20 months at 0% p.a.

Purchase rate

14.99% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$99.00 p.a. ongoing

Details

  • 0% p.a. for 20 months on Balance Transfers with a 2% fee. Reverts to 22.24% p.a.
  • Has a low ongoing purchase rate, making it more affordable for everyday spending.
  • Includes complimentary insurance including Extended Warranty Insurance and Purchase Protection Insurance. See Terms and Conditions here.

This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.

Pros & cons

Pros
  • Long interest-free balance transfer period (20 months).
  • Add up to 4 cardholders for free, making it a great option for most families.
  • My Cashback offers are personalised and require no opt-in or registration.
  • 10% off Limited Time Lux Exclusive hotel offers (up to $250 per booking) booked by 1 March 2026.
  • Get $10 cashback every month until 31 October 2025 when you sign up for a Binge Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription.
  • 5% discount on international flights with Trip.com with no blackout dates. Book by 31 December 2025 for travel by 30 September 2026.
  • Get a credit limit ranging from a minimum of $2,000 to a maximum of $100,000.
  • Works with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • No rewards program, but this card is about simplicity.
  • High revert rate on balance transfers (22.24% p.a.).
  • Purchases have no interest-free days while there's a balance transfer.
Citi Rewards 100,000 Bonus Citi Reward Points Offer

On Citi's website

Balance transfer

N/A

Purchase rate

22.49% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$199.00 p.a. ongoing

Details

  • Receive 100,000 bonus Citi reward Points after spending $5,000 on eligible purchases within the initial 3 months from approval. Terms and Conditions apply.
  • Earn 1 Citi reward point per $1 spent on eligible transactions.
  • Comes with complimentary mobile phone insurance. See Terms and Conditions here.

This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.

Pros & cons

Pros
  • Get 100,000 bonus points when you meet the criteria. That's $400 when you pay with points!
  • Use your Citi Reward Points for a credit back on almost any purchase.
  • Get 10% off Limited Time Lux Exclusive hotel offers (up to $250 per booking) booked by 1 March 2026.
  • Get $10 cashback every month until 31 October 2025 when you sign up for a Binge Standard (normally $19 per month) or Premium (normally $22 per month) monthly subscription.
  • 5% discount on international flights with Trip.com with no blackout dates. Book by 31 December 2025 for travel by 30 September 2026.
  • Provides Purchase Protection Insurance and Extended Warranty Insurance for added security on your eligible purchases.
  • Get a maximum credit limit of up to $100,000, providing flexibility for larger expenses.
  • Supports Apple Pay, Google Pay and Samsung Pay.
Cons
  • No ongoing introductory balance transfer or purchase offer.
  • Rewards earning is capped at $10,000 in spending per statement period, which works well for moderate spending habits.
  • Each additional card costs $90 annually, with a limit of up to four cardholders.
Bankwest Breeze Mastercard

On Bankwest's website

Balance transfer

24 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$49.00 p.a. ongoing

Details

  • Get 0% p.a. interest on balance transfers for 24 months, with a 3% balance transfer fee (then 12.99% p.a. thereafter).
  • An annual fee of $49 p.a., making it an affordable option.
  • Add up to 3 additional cardholders at no extra cost.

Pros & cons

Pros
  • 0% p.a. on balance transfers for 24 months.
  • Low ongoing interest rate of 12.99% p.a. on purchases.
  • Up to 55 interest-free days on purchases.
  • As low as a $1,000 credit limit.
  • Temporarily lock your card anytime using the Bankwest App.
  • Easy Instalment Plans let you spread up to 5 purchases over four monthly payments at 0% p.a.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.
Cons
  • No rewards program on this card.
  • The 3% BT fee.
  • There is a 2.95% foreign transaction fee.
Bankwest Breeze Platinum Mastercard

On Bankwest's website

Balance transfer

24 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$59.00 p.a. ongoing

Details

  • Get 0% p.a. interest on balance transfers for 24 months, with a 3% balance transfer fee (then 12.99% p.a. thereafter).
  • No foreign transaction fees.
  • Plus, complimentary overseas travel insurance for you and your family.

Pros & cons

Pros
  • 0% p.a. on balance transfers for 24 months.
  • Low ongoing interest rate of 12.99% p.a. on purchases.
  • Low annual fee of $59 p.a.
  • Add up to 3 additional cardholders at no extra cost.
  • Up to 55 interest-free days on purchases.
  • As low as a $6,000 credit limit.
  • Temporarily lock your card anytime using the Bankwest App.
  • Easy Instalment Plans let you spread up to 5 purchases over four monthly payments at 0% p.a.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.
Cons
  • No rewards program on this card.
  • There is a 3% BT fee.
  • Cash advance rate is 21.99% p.a.
Bankwest Zero Platinum Mastercard

On Bankwest's website

Balance transfer

6 months at 0% p.a.

Purchase rate

6 months at 0% p.a.

Interest-free days

Up to 55 days on purchases

Annual fee

$0.00 p.a. ongoing

Details

  • 0% p.a. for 6 months on purchases and balance transfers, with a 3% balance transfer fee. (Reverts to 18.99% p.a. thereafter.)
  • No foreign transaction fees, including when you're shopping at an overseas online store.
  • No annual fee to pay for the life of the card.
  • Put up to five eligible purchases on an interest-free payment plan with Easy Instalments.
  • Credit limits start from a minimum of $6,000.

Pros & cons

Pros
  • No annual fee makes this an option for occasional or backup use.
  • Interest-free purchases and balance transfers for 6 months.
  • No foreign transaction fees for foreign currency or overseas purchases.
  • Interest-free repayments for up to five eligible purchases with Easy Instalments.
  • Credit limits start from a minimum of $6,000.
  • Up to 55 days interest-free when you pay the statement balance in full.
  • Balance transfers revert to the purchase rate instead of the higher cash advance rate.
  • Use up to 95% of your credit limit for balance transfers.
Cons
  • There is a 3% fee on balance transfers, which can be added to the balance if desired.
  • You can't earn rewards points, but that's not unusual for a no annual fee card like this.
  • There is a $500 minimum balance transfer amount, although most people transfer more.
Virgin Australia Velocity High Flyer Credit Card

On Virgin Money's website

Balance transfer

12 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$329.00 p.a. ongoing

Details

  • Earn up to 80,000 bonus Velocity Points. Get 40,000 points each month by spending $3,500 or more on eligible purchases within the first two months of card approval. Terms and conditions apply.
  • Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
  • Comes with International Travel Insurance and Extended Warranty Service, providing peace of mind and protection for your purchases and travels.

Pros & cons

Pros
  • Earn up to 80,000 bonus Velocity Points when you meet the criteria.
  • Earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 and 0.5 points per $1 on spending thereafter.
  • Two single entry passes for Virgin Australia domestic lounges every year.
  • Earn 100 Bonus Status Credits each year when you book a Virgin Australia flight.
  • Talk to a personal concierge with Visa Signature, making it easier to get expert assistance when you travel.
  • Get a credit limit of up to $100,000 for larger purchases and expenses.
  • Works with Apple Pay, Google Play, and Samsung Pay.
Cons
  • The ongoing annual fee of $329 p.a.
  • Earn rate is tiered, although the base tier is enough for more people.
  • Only up to 44 interest-free days on purchases.
  • There's an annual fee per additional card worth $89 p.a.

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • Earn 80,000 bonus Virgin Money Points when you spend $3,000 on eligible purchases within 3 months of card approval. Terms and conditions apply.
  • Earn 1 Virgin Money Point for every $1 you spend.
  • You can also earn additional points when you spend at HelloFresh, Menulog and more.
  • There is no limit to the points you can earn.

Pros & cons

Pros
  • Earn 80,000 bonus Virgin Money Points when you meet the criteria.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Visa Platinum Concierge Service offers the convenience of a personal assistant at your fingertips
  • Visa Platinum Benefits give you priority access to Australia’s top concerts, shows, and sports events before pre-sales and public release.
  • Up to 55 interest-free days.
  • The credit limit starts at $6,000.
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • The ongoing annual fee of $149 p.a.
  • Does not include complimentary international travel insurance.
  • Cash advance rate is 20.99% p.a.

Balance transfer

24 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • 0% p.a. interest for 24 months on balance transfers (1% transfer fee applies). Reverts to cash advance rate of 20.99% p.a.
  • Earn 1 Virgin Money Point for every $1 you spend.
  • There is no limit to the points you can earn.

Pros & cons

Pros
  • You can also earn additional points when you spend at HelloFresh, Menulog and more.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Visa Platinum Concierge Service offers the convenience of a personal assistant at your fingertips
  • Visa Platinum Benefits give you priority access to Australia’s top concerts, shows, and sports events before pre-sales and public release.
  • Up to 55 interest-free days.
  • The credit limit starts at $6,000.
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • There is a 1% BT fee.
  • The ongoing annual fee of $149 p.a.
  • Does not include complimentary international travel insurance.
  • Cash advance rate is 20.99% p.a.
Virgin Money Low Rate Credit Card

On Virgin Money's website

Balance transfer

15 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$99.00 p.a. ongoing

Details

  • 0% p.a. for 15 months on balance transfers with a 3% BT balance transfer fee. Reverts to the cash advance rate at 21.69% p.a.
  • The low ongoing purchase rate of 12.99% p.a. helps reduce interest costs on everyday spending.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.

Pros & cons

Pros
  • 0% p.a. for 15 months on balance transfers.
  • Earn Virgin Money Bonus Points using the Virgin Money app.
  • Comes with the usual security features such as Fraudshield, Zero Liability policy and more.
Cons
  • There is a 3% BT fee.
  • If you want additional cardholders, it will cost $29 p.a. per cardholder.
  • Doesn't earn Velocity Points as typical for a low-rate card.
Virgin Money No Annual Fee Credit Card

On Virgin Money's website

Balance transfer

N/A

Purchase rate

6 months at 0% p.a.

Interest-free days

Up to 55 days on purchases

Annual fee

$0.00 p.a. ongoing

Details

  • A straightforward card with a $0 annual fee.
  • 0% p.a. for 6 months on purchases (reverts to 19.99% p.a.).
  • Comes with the usual security features such as Fraudshield, Zero Liability policy and more.

Pros & cons

Pros
  • No annual fee ever.
  • Up to 4 additional cards, also with a $0 annual fee.
  • Access to promos of merchant partners using the Virgin Money app.
  • Get up to a $100,000 credit limit for big purchases and expenses.
Cons
  • The revert interest rate for purchases is relatively high.
  • There’s no introductory balance transfer offer, but it’s offset by a competitive purchase rate offer.
Virgin Australia Velocity Flyer Credit Card (Balance Transfer Offer)

On Virgin Money's website

Balance transfer

24 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee. Reverts to the cash advance rate at 20.99% p.a.
  • Earn 0.66 Velocity Points per $1 on eligible spending up to $1,500 per statement period, then 0.5 points per $1 after that.
  • Earn an extra Velocity Point for every dollar spent directly with Virgin Australia using your Flyer Credit Card.

Pros & cons

Pros
  • Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Includes Purchase Protection and Extended Warranty Insurance.
  • Comes with security features such as Fraudshield, Zero Liability policy and more.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.
Cons
  • The ongoing annual fee of $149 p.a.
  • The earn rate drops to 0.5 points per $1 after $1,500 in a statement period.
BOQ Low Rate Visa Credit Card

Not available for application via this website

Balance transfer

18 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$65.00 p.a. ongoing

Details

Get 0% p.a. on balance transfers for 18 months, but keep in mind a 2% transfer fee applies, and unpaid balances will mean interest on new purchases. After the promo, the rate reverts to 21.99% p.a. On the plus side, everyday spending gets a low 13.99% p.a. rate, and you’ll enjoy up to 55 interest-free days on purchases. A decent option for cutting interest, but best suited if you can clear the balance before the revert rate kicks in.

Pros & cons

Pros
  • 0% p.a. for 18 months on balance transfers
  • Low 13.99% p.a. purchase interest rate
Cons
  • No rewards points or cashback.
  • A one-time 2% balance transfer applies.
  • Balance transfer reverts to the 21.99% p.a. cash advance rate after the introductory period.
  • 3.4% fee on international transactions.
  • Additional cards come with a fee.
Apply by 30 April 2025
Westpac Altitude Black Credit Card (Qantas)

On Westpac's website

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 45 days on purchases

Annual fee

$295.00 p.a. ongoing

Details

  • Receive up to 120,000 bonus Qantas Points. Get 90,000 points upon spending $6,000 in the initial 90 days from the account approval date. Additionally, receive 30,000 points after making your eligible purchase in the second year.
  • Earn 0.75 points for every $1 spent on eligible domestic and overseas purchases.
  • Earn 2x points on purchases at merchant partners like Woolworths, BP, and over 900 brands at Qantas Marketplace, helping you rack up points faster.
  • Redeem your earned points for flights, upgrades, shopping, and more.
  • Get 2 Qantas lounge passes each year, perfect for adding comfort to your travels.

Pros & cons

Pros
  • Get up to 120,000 Bonus Qantas Points when you meet the criteria.
  • Westpac account holders can sign in to apply and get a reduced $150 card fee for the first year. After that, it’s $295 p.a., so it’s worth considering if the card’s perks match your spending habits.
  • Use the Concierge Service to book experiences online, including exclusive tickets, last-minute reservations, and more.
  • Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.
  • Add 1 additional cardholder at no extra cost.
  • Includes fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
  • Works with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • Earnings are capped at $250,000 annually, but bonus Qantas Points are excluded from this limit.
  • The earning rate of 0.75 points is lower than that of others.
  • A $75 annual fee applies for the Qantas Rewards Program, which is worth it if you regularly earn points.
Apply by 30 April 2025
Westpac Altitude Black Credit Card (Altitude)

On Westpac's website

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 45 days on purchases

Annual fee

$200.00 for 1st year

Details

  • Earn up to 150,000 bonus Altitude Points (equivalent to up to $700 in eGift cards). Receive 100,000 Altitude bonus points by spending $6,000 on eligible purchases within 120 days of card approval. Additionally, get 50,000 points after your first eligible purchase in year 2. Exclusions apply.
  • Earn 6 Altitude points per $1 on Qantas, Jetstar, Singapore Airlines, and Emirates flights bought in Australia, subject to eligibility criteria.
  • Redeem your points for gift cards, travel, transferring to partner airline programs, and other rewards.
  • Get 2 free Priority Pass lounge visits each year.
  • Use the Concierge Service to book experiences online, including exclusive tickets, last-minute reservations, and more.
  • Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.

Pros & cons

Pros
  • Earn up to 150,000 bonus Altitude Points when you meet the criteria.
  • The discounted annual fee for the first year.
  • Earn 2 points per $1 spent at Spotify Premium, David Jones, Myer, THE ICONIC, Airbnb, Uber and Uber Eats
  • Earn 1.25 points per $1 spent on other eligible purchases.
  • No limit on the points you can earn, which is great for high spenders.
  • Add 1 additional cardholder at no extra cost.
  • Offers fraud monitoring, secure online shopping, and a Fraud Money Back Guarantee.
  • Works with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • The high annual fee of $295 p.a. after the initial year.
  • There is no introductory balance transfer offer, so it’s better suited for everyday spending than consolidating debt.
  • A 3% fee applies to foreign transactions made with your card.
What does ‘up to 55 days’ actually mean?

A simple explanation and example case.

What does ‘up to 55 days’ actually mean?

Here is an illustration to show how statement periods and payments work with 55 days interest-free credit cards. *The dates are for example purposes only.

A 55 days interest-free credit card with a statement start date of 1st November will have a statement end date of 30th November. Your payment due date, however, will be 25th December. The payment window is the 25-day gap between the statement end date and the due date. This means you can make a purchase with the card on the 2nd of November and have over 53 days to pay it back in full without paying any interest. This is the best way to enjoy the maximum interest-free period. Making a purchase on the 30th of November means you only have over three weeks to pay back the balance to enjoy interest-free credit card borrowing. Purchases made in the payment window (from 1st December to 25th December) will be included in the next statement period.

Bear in mind that you cannot enjoy interest-free transactions if you do not pay your closing balance in full by the due date. This includes all your purchases, cash advances and balance transfers.

Is getting a credit card with 55 days interest-free worth it?

Does it suit you and your needs.

Is getting a credit card with 55 days interest-free worth it?

It makes sense to get a credit card with the longest interest-free period that you can. The delay between the purchase date and the payment due date means that you are getting an interest-free line of credit.

Here’s what Credit Card Compare's expert says about 55 days interest-free credit cards

Here’s what Credit Card Compare's expert says about 55 days interest-free credit cards

Andrew Boyd, co-founder of Credit Card Compare

Andrew Boyd, co-founder of Credit Card Compare, explains, "55 days interest-free cards offer interest-free purchases during the period between the statement start date and the statement end date. But a 55 days interest-free credit card does not allow you to make interest-free purchases for 55 days on every purchase. It all depends on what stage you are at in your statement cycle when you make your purchase.".

The benefits and drawbacks of up to 55 days interest-free

The pros and cons.

The benefits and drawbacks of up to 55 days interest-free

Typically, the 55-day period includes your 30-day monthly statement period plus a further 25 days, by the end of which you are expected to pay the balance on your statement. This means you get a further three weeks to pay off your statement balance.

Failing to pay off your closing balance in full by the end of the last day of the additional 25 days (the due date) will see you forfeit your interest-free benefit for the whole of the preceding statement period, and possibly for the following statement period as well.

Some cards have less interest-free days than others

Not every card is the same.

Some cards have less interest-free days than others

Not all credit cards have up to 55 interest-free days. Many credit card have only 44 days interest-free, so you need to be aware of the difference when you are choosing a card.

Take a look at the 55 days interest-free credit cards below if you are looking for a long interest-free window between the purchase date and payment due date.

Help choosing a 55 day interest-free credit card

Learn more about a 55 day interest-free credit card before applying.

  • FAQs

  • Why trust us

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.

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

No. An unpaid balance transfer on your card means 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.

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.

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.

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 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.

Methodology

To determine inclusion and ranking in our 55-days interest-free credit card comparison table, our team compared the metadata for the following attributes of each card.

  • Interest-free period: The number of interest-free days offered on purchases when you pay your balance in full by the due date. Longer periods are considered better.
  • Purchase rate ongoing: The standard interest rate charged on purchases after any interest-free period or if the balance is not paid in full. Lower is better.
  • Annual fee initial year: The annual fee for the first year. Lower is better.
  • Annual fee ongoing: The annual fee charged after the first year. Lower is better.
  • Introductory purchase rate: Whether there is an introductory low interest rate on purchases and its associated rates, fees, period, and terms. Lower rates for longer periods are considered better.
  • Balance transfer offer: Whether the card offers an introductory balance transfer deal and the associated rates, fees, and terms. Lower rates for longer periods are considered better.
  • Minimum income required: If published, the minimum income required to qualify for the card. Lower thresholds make the card available to more applicants.
  • Minimum credit limit: If published, the lowest credit limit offered. Lower minimums make the card accessible to more applicants.
  • Maximum credit limit: If published, the highest credit limit offered.
  • Late payment fee: The fee charged if the minimum repayment is not made by the due date. Lower is better.
  • Foreign exchange fee: The fee charged on transactions made overseas or in a foreign currency. Lower is better.
  • Rewards program: Whether the card offers a rewards program.
  • Apple Pay enabled: Whether the card is compatible with Apple Pay. Considered beneficial if possible.
  • Samsung Pay enabled: Whether the card is compatible with Samsung Pay. Considered beneficial if possible.
  • Card type: Whether the card is a Visa, Mastercard, etc., which can affect its acceptance.

Our rankings may not reflect what matters most to you. Be sure to compare key rates, fees, and features against your own financial priorities before deciding.

    As seen on

    Media - The Sydney Morning Herald
    Media - Yahoo Finance
    Media - News.com.au
    Media - Daily Mail Australia
    Media - Australian Fintech
    Media - Dynamic Business