- Cashback offer: $400 cashback when you spend $5000 on everyday purchases in the first 150 days.
- Balance transfer offer: 0% p.a. for 12months on balance transfers (with a 3% balance transfer fee).
- Annual fee: $99 per year.
- Low interest: Just 13.49% p.a. on purchases.
- Discounts and perks: Access special offers with retailers, dining and entertainment using Visa Offers + Perks.
- Extras: Get up to 55 interest-free days on purchases (if you pay your statement in full by the due date), a free additional cardholder, and complimentary mobile phone insurance covering accidental damage and theft.
- Mobile phone insurance eligibility criteria, terms and conditions apply
- Digital access: Syncs with Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay.
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NAB Credit Cards
NAB Low Rate Credit Card – Cashback Offer
Updated 15 May 2026
Unlock $400 cashback reward when you meet the spending criteria, and pay 0% p.a. on balance transfers for the first 12 months (a 3% fee applies).
Enjoy $99 annual fee, plus extra value with Visa Offers + Perks, a free additional cardholder, complimentary mobile phone insurance covering accidental damage and theft, and a low ongoing rate. This card can be a good match if you’re looking for a smart way to manage debt or save on interest.
Terms and conditions and eligibility criteria apply.Purchase Rate (p.a)
13.49%
Balance Transfer (p.a)
0% for 12 months
3% balance transfer fee applies.
Reverts to 21.74% p.a.
Annual Fee (p.a)
$99
Pros and cons
- No rewards program
Creditcard.com.au review
Editor Review
NAB Low Rate Credit Card – Cashback Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
ℹ️ NAB Complimentary Insurance Information
Receive complimentary mobile phone insurance covering accidental damage and theft.
Complimentary Mobile Phone Insurance is provided under a group policy issued by AIG Australia Limited (ABN 93 004 727 753, AFSL 381 686) to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686). Eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits apply. To be eligible for cover, cardholders must have a contract with a mobile phone provider and a monthly billing arrangement using their eligible NAB card.
Overall rating
The NAB Low Rate Cashback offer card may not suit those looking for big travel rewards or premium features, but its focus on money-saving features is worth a clap.
For the low annual fee, you’ll get big money in cashback, an interest-free balance transfer period and discounts and offers with Visa entertainment.
What I love about the NAB Low Rate - Cashback Offer card
The cashback offer is truly a great benefit on this card. Considering the low annual fee, it’s a significant amount to earn back, and the criteria to earn it are reasonable for a low-cost card.
I’ll talk through the big benefits first, and then look at the rest of the card’s features.
Cashback offer: To earn the $400 cashback you must be a new personal NAB Low Rate cardholder and spend $5000 or more on eligible everyday purchases within 150 days.
NAB says everyday purchases exclude transactions that it decides are “wholly or partly for gambling or gaming purposes which are treated as a cash advance.”
0% p.a. balance transfer: You won’t pay interest on balances transferred from non-NAB credit cards for 12months. You can apply for a balance transfer at any time after your card account has been opened. A 3% fee will be charged and added to the balance transferred.
What you need to know about the balance transfer offer:
- You can transfer up to 90% of your credit limit.
- You’ll still get the 55 days interest-free on purchases if you pay your statement in full each month.
What you need to look out for:
- A one-off fee of 3% of the transferred amount will be charged to your NAB credit card account. For example, if your balance is $3000, you’ll pay a $90 fee.
- After 12months, any unpaid balance transfer amount will attract the variable cash advance rate, which is high at 21.74%.
⚠️ NAB allows transfers from most non-NAB cards, but also lists several brands that aren’t compatible with its transfer process. These include Bendigo Bank, ING, Latitude Finance, Great Southern Bank, Heritage Bank, Adelaide Bank, credit unions and Amex.
You’ll need to make sure your BPAY reference number for your non-NAB card is the same as your non-NAB card number as NAB uses this number to process your balance transfer request. If these numbers are not the same, NAB won't be able to process your balance transfer. Please check the numbers match before applying for a new card with a balance transfer or requesting balance transfer on an existing card.
Other features and benefits
Low annual fee. The annual fee is $99 per year.
Low credit limit. This card has a $1000 minimum credit limit, which means you can opt for a low credit limit and keep a cap on your spending.
Visa Offers + Perks. You can sign up to Visa Offers + Perks to get personalised discounts on retail, dining and experiences. For instance, you can get 10% cashback on Booking.com.
You’ll also get:
- 55 days interest-free on purchases
- One free additional cardholder over 16 years old
- Complimentary mobile phone insurance covering accidental damage and theft
- NAB Defence fraud protection
- A wide range of digital wallets to choose from
- Functionality to disallow gambling transactions, cash advances and cash transfers via the NAB app
What’s not so great
As with most 0% balance transfer offers, any unpaid balance after the 0% period is charged at the variable cash advance rate. That’s 21.74% p.a. currently, so it literally pays to pay it off ASAP.
⚡ A note on that: the minimum payment on your statement won’t be enough to pay off your transfer in full within 12 months. You’ll need to work out the monthly amount and pay that each month either manually or by automatic transfer.
This card is mostly about low rates and a cashback offer. It doesn’t have flashy features or big rewards, which is why its annual fee is so low.
Who suits the NAB Low Rate - Cashback Offer card?
NAB says this card is good for people after low interest rates and cashback deals. It could also suit first-time cardholders who want a low-cost card, or those looking for simple benefits like complimentary mobile phone insurance covering accidental damage and theft, plus Visa offers.
User reviews
Rates and fees
Interest rates
Purchase rate 13.49% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee 3% one off
Balance transfer limit 90% of approved credit limit
Brands you can't balance transfer from NAB
Credit limits
Minimum credit limit $1,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3.5%
Minimum repayment 2.5% or $10 whichever is greater
Cash advance fee 3.5% or $3.50 (personal); 3% or $3 (business) whichever is greater
Late payment fee 20
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
Overview
NAB Low Rate Credit Card – Cashback Offer
NAB Low Rate Credit Card offers $400 cashback when you spend $5,000 on purchases within the first 150 days, plus 0% p.a. on balance transfers for 12 months with a 3% balance transfer fee. Enjoy a $99 annual fee, along with 13.49% p.a. on purchases, up to 55 days interest-free, a free additional cardholder, and access to exclusive deals through Visa Offers + Perks. Receive complimentary mobile phone insurance covering accidental damage and theft, plus compatibility with Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay. Terms and conditions apply.
Key features
- $400 cashback when you spend $5000 in the first 150 days (new NAB Low Rate cardholders only)
- 0% p.a. on a balance transfer for 12months (then reverts to cash advance rate)
- Low variable purchase rate of 13.49% p.a.
- $99 annual fee
- Receive complimentary mobile phone insurance covering accidental damage and theft.
- Fraud protection
- Up to 55 interest-free days on purchases when you pay your statement in full by the due date.
- Visa payWave
- Free additional cardholder.
- Syncs with Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay.
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian or New Zealand citizen, Australian Permanent Resident or non-resident holding an acceptable Temporary Residency Visa
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question10 questions (showing the latest 10 Q&As)
Best fee free credit card to use in Japan to avoid paying fees on currency conversion
Hi Deanna, if you’re looking to avoid foreign transaction fees in Japan, you’ll generally need a credit card that specifically has no international transaction fees. Many standard cards, including low rate ones, may still charge a fee on overseas purchases. You may find our no foreign fee credit cards guide heloful. It’s always a good idea to check the card’s terms and conditions for international transaction fees, currency conversion charges and ATM withdrawal fees if applicable. Enjoy your time in Japan!
My daughter and sister have a rewards card each,
so when they purchase they get rewarded with something else they want
Hi Kaylene, thanks for your message. The NAB Low Rate Credit Card – Cashback Offer you’re looking at is designed to keep interest costs lower, so it doesn’t include a points or rewards program like some other cards. That means purchases won’t earn points or cashback in the way your daughter’s and sister’s cards do.
You can check out our guide to rewards credit cards to learn more about how rewards cards work.
Hi Pauline,
Can i do this card for everyday purchase if i have a balance transfer done to this card for 12 months? Do i have to pay any minimum amount on balance transfer outstanding every month?
Hi Abey, good question! With most balance transfers, the transferred amount gets a promotional rate for a set period, but new purchases are usually charged at the standard purchase rate. And yes, you’ll always need to make at least the minimum monthly repayment on the account (which covers both purchases and any balance transfer). You can learn more in my guide to balance transfer key rules. To get the exact details for your card, you can check NAB’s credit card terms or give NAB a call on 13 22 65.
I am an account holder of NAB. I'm an international student and i make 600 dollar weekly at coles. can i apply for a credit card? what would be the possible card limit be?
Hi Pial, credit approval and setting of your credit limit depend on several factors, including your income versus expenses, assets versus liabilities and your credit history. You can find more information in our Student Credit Card guide, which also covers what counts as qualifying income. You can also learn more about lower income credit cards and other income sources too. While there's no way to guarantee approval before applying, you could try calling the provider directly to discuss your situation.
is there fees for international transactions
Hi Ann, yep! The foreign transaction fee for this card is 3.5%. Thanks!
Would I be eligible if I had held a credit card with Nab 10 months ago?
Hi Ho, Yes, you may apply, but please note that you need to meet all the eligibility requirements and pass the credit check before applying. Thanks!
I was a card holder of this card back in 2022. Would I still be eligible for this cashback offer if I apply again.
Hi John, Yes, you may apply, but please note that you need to meet all the eligibility requirements before applying. Thanks!
I would like to ask, I have personal loan from Nab and need credit card to back up when the payment of my loan is coming. So I have fund in my account. Because my perosnal loan repayment date is not the same day hen I accept my wage.
Hi Martini, most credit providers(personal, car, home loans) wont let you pay for one line of credit with another. It might be worth your time calling NAB and talking to them about changing your repayment date to line up with your pay packet. Hopefully you get it all sorted out!
Just wondering what the 3% fee is.?
does it mean that it will cost 3% of the transferred amount ? ie... $6,000 transfer amount with 3% equals $180 fee.
Hi Lisa, you're absolutely correct. The 3% is applied to any balance you transfer, so your example is spot on!
can you get this credit card if you are a disability pensioner ?
Hi Dorothy, there’s a few things to consider when applying for a credit card on a disability pension. On paper, upon checking, yes, you may be eligible for the NAB Low Rate Credit Card – Cashback Offer. The requirements state that to apply for the card, you need to be at least 18 years of age, receive a “regular” income, and be an Australian resident. Last year I actually called the credit providers to see their actual stances on pensioner credit cards, and NAB has a few caveats. I reckon your best bet will will be to give NAB a call and see what they say on 13 22 65. Thanks!
Hi Dorothy, there’s a few things to consider when applying for a credit card on a disability pension. On paper, upon checking, yes, you may be eligible for the NAB Low Rate Credit Card – Cashback Offer. The requirements state that to apply for the card, you need to be at least 18 years of age, receive a “regular” income, and be an Australian resident. Last year I actually called the credit providers to see their actual stances on pensioner credit cards, and NAB has a few caveats. I reckon your best bet will will be to give NAB a call and see what they say on 13 22 65. Thanks!
KARAN
22 September 2025Good
Recommends this card