An interest-free period is the maximum possible length of time between the first day of a statement period and the payment Due Date for that period. For example, if your credit card account has up to 44 interest-free days on purchases, and your credit card statement is from 1-30 June your repayment will be due on 14 July, which is 44 days after the first day of that statement.
If your account has an interest-free period on purchases, you can avoid paying interest on the purchases balance by always paying the full Closing Balance shown on each statement by the Due Date. If you don’t pay the full Closing Balance shown on a statement by the Due Date, the purchases balance will attract interest.
From 17 November 2018, if you start being charged interest on your purchases balance, you may regain the benefit of interest-free days on purchases either by ensuring that the Closing Balance at the end of a statement cycle is zero, or by paying the full Closing Balance shown on a subsequent statement by the Due Date. If you do so, we won't charge interest on the purchases balance from the day after that occurring until the Due Date shown on the next statement.
It’s important to note the number of interest-free days (e.g, up to 44 interest-free days) refers to the maximum number of interest-free days available on a purchase – not 44 days from the date a purchase is made. So to receive the full 44 days interest-free, you would need to make your purchase on the first day of your statement period, such as 1 June in the case of the above example.
We offer credit card accounts with interest-free periods on purchases and some credit card accounts without. If you’re unsure whether your account has interest-free periods on purchases please refer to your Letter of Offer.
For further information on interest-free days, please refer to the ANZ Credit Cards Conditions of Use.