We all go through periods of time during our lives where we need to make cuts, and savings in our finance. If you hold one or more credit card debts that remain unpaid, then one of the best, and most effective ways of saving a large amount of money is by getting a 0% credit card.

Many lenders offer the facility to do a balance transfer at a very low, or even 0% interest rate.
This means that when you transfer your existing credit card debt over to your new lender, you will not be charged any interest for however long the promotional period lasts.

There are quite a few providers who offer 0% credit card deals, and below we will look at some of the more popular ones, and see what they offer.

The Citibank Platinum Visa Credit Card

  • Balance Transfer Rate – 0% p.a. for 12 months with 3% handling fee
  • Standard Interest Rate – 11.99% p.a.
  • Cash Advance Rate – 21.74% p.a.
  • Interest Free Days – Up to 55 Days
  • Annual Fee – $99
  • Instant decision on whether your application was successful
  • Minimum Earnings Needed to Qualify- $50,000 p.a

As a holder of a Platinum credit card you will also enjoy the normal perks that come with the platinum range of cards, and this card has free travel insurance, extended warranties on any products you pay for on your card, and the very popular concierge service, which is like having your very own personal assistant available for you 24/7.

ANZ Balance Visa Card

  • Balance Transfer Rate – 0% p.a. for 6 months
  • Standard Interest Rate -14.64% p.a. p.a
  • Cash Advance Rate – 21.74% p.a. p.a
  • Interest Free Days – Up to 55
  • Annual Fee – $79
  • Minimum Earnings Needed to Qualify- $15,000 as long as you are a permanent Australian resident.

This 0% credit card from ANZ also carries an exciting reward program, that offers customers 1 reward point for each dollar spent repaying your balance.
Something that makes this rewards card unique is that there is no points cap. The more you pay back to the card, the more points you accumulate.

Citibank Clear Visa Card

  • Balance Transfer Rate – 6.9% p.a. for 6 months
  • Standard Interest Rate – 11.99% for 12 months and 15.99% p.a. thereafter.
  • Cash Advance Rate – 21.74% p.a.
  • Interest Free Days – Up to 55
  • Annual Fee – $65
  • Minimum Earnings Needed to Qualify- $20,000 and be a permanent resident of Australia.

If you do not meet the earning requirements if the Platinum version of the Citibank card, then this could be a very good alternative for you.

There is also the very attractive additional benefit of a very low rate of standard interest for the first 12 months.

Choice

This is a selection of the 0% credit cards available. As always, shop around and see which card will fit your financial personality the best.

Take full advantage of the promotional 0 % period, and see the savings mount up.