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NAB StraightUp Card
NAB StraightUp Card

NAB Credit Cards

NAB StraightUp Card

Updated 1 August 2022

With the NAB StraightUp Credit Card, you’ll pay no interest or late payment fees - just a simple monthly fee when you use the card. The card comes with no foreign currency fees on international purchases, online or overseas. No Use, No Pay.

Purchase Rate (p.a)

0%

Annual Fee (p.a)

$0

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No foreign currency fees on international purchases, online or overseas
  • No Use, No Pay. If you don't make any purchases and have an outstanding balance of $0 during the whole statement period we'll reverse your monthly fee.
  • Pay no interest or late payment fees – just a simple monthly fee.
  • Monthly fee of $10 – gives you access to a credit limit of up to $1,000
  • Monthly fee of $15 – gives you access to a credit limit of up to $2,000
  • Monthly fee of $20 – gives you access to a credit limit of up to $3,000
  • Predictable Payments. Your minimum payment is fixed based on your credit limit, giving you certainty of what to pay each month.

  • Fixed low credit limits

Creditcard.com.au review

Editor Review

NAB StraightUp Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The NAB StraightUp Credit Card Review

Looking for a credit card that works a little bit differently to the rest? The NAB StraightUp Credit Card may be just what you’re looking for. Keeping things simple in terms of extras, this card charges no interest on purchases. Instead, it charges a monthly fee, with predictable payments depending on your credit limit and how much you spend. And if you don’t use the card? You don’t pay the monthly fee.

How It Works

As the NAB StraightUp Credit Card works in a different way to other credit cards, we’re going to change the way our review is set out, so that we can explain the ins and outs of this new offering from NAB. From there, we’ll get into who the card will work best for, and how to make it work for you.

First up, interest. Unlike other credit cards, the NAB StraightUp Credit Card does not charge interest when you carry a balance. The annual interest rate is 0%, which essentially means there will be no interest charged to your account ever.

Instead, this card works on a fee system. With no annual fee, the card charges a monthly fee, which varies according to your credit limit.

  • If you have a credit limit up to $1000, your monthly fee will be $10
  • If you have a credit limit up to $2,000, your monthly fee will be $15
  • If you have a credit limit up to $3,000, your monthly fee will be $20

Now to your payments. Your minimum payment is fixed, and it is also based on your credit limit. This gives you predictable payments, with no surprises. As an example, here’s how much you could have to pay each month, if you were to only make the minimum payment (note, the monthly fee is included in the minimum monthly payment).

  • If you have a $1,000 credit limit, you'll need to pay at least $35 towards any balance owing by the due date each month.
  • If you have a $2,000 credit limit, you'll need to pay at least $75 towards any balance owing by the due date each month.
  • If you have a $3,000 credit limit, you'll need to pay at least $110 towards any balance owing by the due date each month.

And if you don’t use the card at all during the month? Then you don’t pay the monthly fee. How does that work exactly? As long as you have an outstanding balance of $0 during the whole statement period and you don't make any purchases, your monthly fee will be charged on the due date and then reversed.

 

What’s not so great...

So then, why might this card not suit you? As the name suggests, the NAB StraightUp Credit Card is indeed a straight-up credit card. That means no rewards, no fancy extras, no balance transfers. This card is for purchases only, and cannot be used for cash advance transactions, including gambling, foreign currency purchases or lottery tickets.

For some users, this may not suit the way they typically use their credit card. For others, however, the differences on offer may be entirely refreshing.

Why should you choose this card?

If you want to change the way you use your credit card – or you are new to credit cards and think this type of card would work well for you – the NAB StraightUp Credit Card may be a great fit. Not only is there no interest, there are no foreign currency fees or late payment fees, which could help to keep costs down over the long term.

Instead of paying interest, you will have predictable payments each month, with a monthly fee that is dependent on your credit limit. Want to lower your monthly fee? You have the option to lower your credit limit if that suits your spending style. The card also provides a no use, no pay policy, allowing you to keep costs to a minimum when you don’t use the card.

What we would say though is that before you start using the card – preferably before you even apply – you should read more about how it works in NAB’s easy-to-understand terms. This will ensure you fully understand how the card works, to then allow you to make it work for you as you use the card day to day.

Overall Rating

In this new offering, NAB aims to simplify the way in which users interact with their credit card, taking interest out of the equation, while creating predictable payments with a monthly fee system in place. As long as you understand how the card works – and you’re happy with a simple, no frills option – this card could be a game changer.

User reviews

NAB StraightUp Card ( based on 5 Creditcard.com.au user reviews )

26% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value
36%

David I

1 December 2020

Its crazy that with a balance of only say 110 dollars, you have a fee of 20 dollars for just a month. This card is meant to compete with payday lenders and take advantage of the young and vulnerable, but then again. ALL credit cards in 2020 are a ripoff and a debit card is the ONLY way to go.

Does not recommend this card
0%

Pingu

19 November 2020

Great card if you need an afterpay substitute as the card has no interest fees and only a set minimum repayment charge per month Only thing to watch out for is the monthly fee...$20 per month is $240 per year if you use it every month. A plus is that if you don't use it you don't pay the fee for that month.

Recommends this card

Rates and fees

Interest rates



Purchase rate 0% p.a.

Cash advance rate N/A

Interest free period on purchases N/A

Credit limits

Minimum credit limit $1,000

Maximum credit limit $3,000

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee N/A

Foreign transaction fee 0%

Minimum repayment 2% or $25 whichever is greater

Cash advance fee N/A

Late payment fee $0

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

Overview

NAB StraightUp Card

Your minimum payment is fixed based on your credit limit, giving you the certainty of what to pay each month.

  • Put simply, if you have a $1,000 credit limit you’ll need to pay at least $35 towards any balance owing by the due date each month ($10 monthly fee is included in your balance)
  • If you have a $2,000 credit limit you’ll need to pay at least $75 towards any balance owing by the due date each month ($15 monthly fee is included in your balance)
  • If you have a $3,000 credit limit you’ll need to pay at least $110 towards any balance owing by the due date each month ($20 monthly fee is included in your balance)

 

Key features

  • Pay no interest or late payment fees – just a simple monthly fee.
  • Monthly fee of $10 - gives you access to a credit limit of up to $1,000
  • Monthly fee of $15 - gives you access to a credit limit of up to $2,000
  • Monthly fee of $20 - gives you access to a credit limit of up to $3,000
  • No foreign currency fees on international purchases, online or overseas
  • No Use, No Pay. If you don't make any purchases and have an outstanding balance of $0 during the whole statement period we'll reverse your monthly fee.
  • Your minimum payment is fixed based on your credit limit, giving you certainty of what to pay each month.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 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 a our credit card expert a question.

19 questions (showing the latest 10 Q&As)

Sharon Moloney

Sharon Moloney

31 July 2022
I am a nab customer and will be travelling to Turkey & Greece on 1 September. I want a 2nd credit card and the Straightup card sounds good. How long does it take to process, especially as I am an exciting customer with no debt?
    Pauline - CreditCard.com.au

    Pauline

    1 August 2022
    Hi Sharon, if you are confident in your approval, you just need to fill out an online application and you should get a response in 60 seconds. And if you’re approved, you will then receive the card in 5 days. You can give NAB a call at 13 22 65 to check any offers they may have for existing customers.
pratty59 outlook.com

pratty59 outlook.com

6 June 2022
i have been doing a application for card but it keep on tell me my living and move out dates are wrong
    Pauline - CreditCard.com.au

    Pauline

    7 June 2022
    Hi, you’re actually on Creditcard.com.au, Australia’s leading credit card comparison and information site. You can contact NAB directly at 13 10 12 for assistance.
Phillip

Phillip

22 April 2022
Why can't I draw out cash from a atm
    Pauline - CreditCard.com.au

    Pauline

    2 May 2022
    Hi Phillip, this is a no frills, no interest credit card. This card allows you to make purchases and pay them off without interest, just a monthly fee. You can compare a range of low cash advance rate credit cards, but keep in mind you’ll start accruing interest the moment it leaves the ATM.
Aaron

Aaron

22 April 2022
Can I use the nab straight up card to pay bills?
    Pauline - CreditCard.com.au

    Pauline

    22 April 2022
    Hi Aaron, good question! The NAB StraightUp card is a no frill card and you can use it just like any other credit card. You can pay bills with this when processed as a credit card transaction, but the NAB StraightUp T&C’s say “this could also include using BPAY® services”. You should check with NAB directly on this. We’ve written a guide on linking your credit card to BPAY that might help too.
Jane

Jane

13 April 2022
If I put say A$7000 on the card and never go into debit how much would my monthly fee be?
    Pauline - CreditCard.com.au

    Pauline

    13 April 2022
    Hi Jane, the NAB StraightUp credit card is a no frills card and the monthly fee is actually based on the credit limit approved by NAB with a maximum of $3,000 and not $7,000. If you’re approved for up to a $1000 limit, your monthly fee is $10. If approved for up to $2000, it’s $15. And if approved for up to $3000, it’s $20. With that said, the maximum credit limit you may be approved for is $3000.
Robert

Robert

12 April 2022
My current Credit card, has a 2k limit, but I keep an extra 2k on top of it to cover any transcations. I travel a lot and normally use Wise or Monese (as I work in UK still sometimes), but having issues with Wise. This card appeals to me, so am I able to keep say 5k on the card, and If i use, tap and go, withdraw money Ill just be able to pay $10AUD a month only for any transaction I do?
    Pauline - CreditCard.com.au

    Pauline

    12 April 2022
    Hi Robert thanks for your message. The NAB Straight Up Card comes with a maximum of $3,000 credit limit. If you’ve used your card during the month you’ll pay a $20 monthly fee for that month. If you don't make any purchases and have an outstanding balance of $0 during the whole statement period your monthly fee will be reversed.
Nicola

Nicola

18 March 2022
I am travelling shortly overseas and want a card with NO international transacton fees - can you pls confirm this. I will be paying the card off monthly
    Pauline - CreditCard.com.au

    Pauline

    23 March 2022
    Hi Nicola, I checked this for you and with the NAB StraightUp card, you will not pay any interest or no foreign currency fees. You only pay a monthly fee, which is tiered to your credit limit, when you use your card. Have a safe trip!
Angus

Angus

2 February 2022
If I deposit money into the account to cover international transactions while maintaining a positive balance, doe that mean I will be charged the monthly fee because I have "used" the card that month even though the balance is in credit?
    Pauline - CreditCard.com.au

    Pauline

    4 February 2022
    Hi Angus, very interesting question you’ve asked. We checked with a NAB operator and they confirmed that the monthly fee will still apply because you technically still have “used” your card. However, as your account will be in credit you won’t have to pay the payment for the purchases. Hopefully this has helped you out!
Brooke

Brooke

21 November 2021
If i get this card purely to use overseas to avoid international transaction fees etc can i pay the balance out each month and avoid all fees. We travel between 1-3 months a year at one time which can add up to $1,000’s on my card and some hefty overseas fees on my current Visa card. Then i assume it can lay dormant till the next year when we travel again and so on
    Pauline - CreditCard.com.au

    Pauline

    22 November 2021
    Hi Brooke, according to NAB StraightUp credit cards T&Cs, there are no foreign transaction fees when you use this card overseas. Also, if your balance is paid out each month on or before the due date, there are no other fees that will be charged. And, to top it off if you keep the balance at $0, the bank will reverse your monthly fee.
Eric

Eric

24 September 2021
for example, if I spend like $500/ month on this credit card, then I'll have to pay $10 fees, right??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2021
    Hi Eric, the NAB card is a new offering designed to sit alongside the growing world of Buy Now Pay Later. You are correct in your message, that you’ll be charged a $10 dollar account fee, but you’ll also have to pay at least $35 towards any balance owing. Let us know if you end up getting the card and how you find it.
Michelle

Michelle

5 May 2021
Just enquiring as to what the hidden chargers are
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2021
    Hi Michelle, the NAB StraightUp Card features no interest or late payment fees – just a simple monthly fee that is dependant on your credit limit. Your monthly fee will be reversed if you don't make any purchases and have an outstanding balance of $0 during the whole statement period. Hope this helps!
Onni

Onni

16 April 2021
Could you please explain about the monthly fee of an account with $3900 in debit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 April 2021
    Hi Onni, the maximum credit limit on the NAB StraightUp Card is $3,000 and the monthly fee for that credit limit is $20. The minimum monthly payment for a $3,000 limit is $110. If your account is over the maximum credit limit, that amount will be included in your total minimum payment and will need to be paid straight away. I hope that helps.
Hilary Louise Coten

Hilary Louise Coten

24 March 2021
what is the rental car coverage on the HSBC visa card - is it different from the Gold commonwealth mastercard ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 March 2021
    Hi Hilary, assuming you're talking about the HSBC Platinum Credit Card, it has a maximum benefit of $3,000 and the CBA Gold card's is $2,250.
Jo

Jo

22 February 2021
Can I use the card to buy drinks at pub n club
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 February 2021
    Hi Jo, yes you can use this card to make all regular purchase transactions - including buying drinks at the pub or club.
Sam

Sam

17 February 2021
Does it have paywave and apple pay?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    Hi Sam, yes the NAB StraightUp has both Visa payWave and Apple Pay compatibility.
Sam

Sam

17 February 2021
can I use the card in a pub n can I use it at supermarkets to get cash out
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    Hi Sam, you can use the NAB StraightUp Card in a pub and at supermarkets to make regular purchases, but you cannot get cash out with this card.
C.Dembitzer

C.Dembitzer

10 December 2020
Can the NAB StraightUp Credit Card be loaded up with cash so it stays in credit during a long overseas trip? Eg Can I deposit $20000 into the card so I can spend $23000 before exceeding my limit? Thanks. Charles.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 December 2020
    Hi Charles, issue is, when in credit you remove some of the fraud protection. That is, amounts in debit don't have the same protection if your card was stolen and the funds taken. What I do when I am overseas is just load a few thousand at a time. You can easily do this with bpay through your internet banking. Then I have some cash as an extra source of funds. Plus then the bank account - keycard or visa debit which allows another source. Have the funds split like this means if you do lose 1 of them. Then you still have access to funds.
AK

AK

17 November 2020
for credit limit 3000 suppose the total purchase is $2800. If I pay the total amount due($2800) by due date then do I have to pay monthly fee as the balance will be 0 before new month cycle
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 November 2020
    Hi AK, if you use the card during the cycle, it sounds like they charge the monthly fee. I have grabbed, If you don't make any purchases and have an outstanding balance of $0 during the whole statement period, we'll reverse your monthly fee. So its a bit tricky from NAB. Bottom line, if you have a no annual fee card. Then pay it off in full each month. You don't pay interest or any monthly fee. So this may be a better option. I do like the no foreign fees though. The ME Frank no annual fee card is pretty sweet.
jess

jess

21 September 2020
I am looking at the NAB Straightup card, however I am a full-time student and only have a government income?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 September 2020
    Hi Jess, NAB are not clear on what, if any, the minimum requirements are for income. How much income do you get from the government?
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