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NAB Low Fee Platinum Credit Card
NAB Low Fee Platinum Credit Card

NAB Credit Cards

NAB Low Fee Platinum Credit Card

Updated 15 March 2024

Offers 0% p.a. for 12 months on balance transfers (a one-off 3% balance transfer fee applies). BT reverts to variable cash advance rate. With the NAB Low Fee Platinum Card, you get one free additional cardholder, special entertainment deals with Visa Offers and Perks, emergency travel assistance, and secure online shopping. Take advantage of a wide range of complimentary insurance covers including international travel insurance, purchase protection insurance, and more. T&Cs apply.

Purchase Rate (p.a)

19.74%

Balance Transfer (p.a)

0% for 12 months 3% balance transfer fee applies.
Reverts to 21.74% p.a.

Annual Fee (p.a)

$90

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. for 12 months on balance transfers. One off 3% balance transfer fee applies. BT reverts to variable cash advance rate
  • Free additional cardholder
  • Low annual fee of only $90 per year
  • Up to 44 interest-free days on purchases
  • Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • One off 3% balance transfer fee

Creditcard.com.au review

Editor Review

NAB Low Fee Platinum Credit 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 Low Fee Platinum Credit Card

Looking for a premium card with an awesome balance transfer offer? The NAB Low Fee Platinum Credit Card could very well be for you. New cardholders who apply online could enjoy 0% p.a. on balance transfers for 12 months.

Want to find out more about this offer? Want to know if this card is really for you? Luckily, you’ve come to the right place, because we can tell you all of that and more.

What we love…

This little beauty has it all. The looks, the personality, the moves – all in one tight little plastic package. First up, let’s talk a little more about that offer. If you happen to have a credit card balance that you want to pay down, this card could help you do just that.

With this offer, you’ll pay 0% p.a. interest on your transferred balance for 12 months. This can give you some time you need to pay down that debt, while paying heaps less in interest. What do you need to know? Bear in mind, you can only transfer up to 90% of your approved credit limit. You will also need to pay a one-off 3% balance transfer fee.

But this card is not just about its offer. Sure, the offer is super-dooper-amazing, but this card has potential in the long term too. As its name suggests, this is a premium credit card. That means it offers a variety of premium features.

One of the most prominent features is its range of complimentary insurances: five, to be exact. The card offers several international travel insurances, purchase protection insurance and extended warranty insurance. Phew.

What’s not so great…

As with any credit card, there are a few little sticking points that cardholders should be aware of before they apply. Of course, there is that 3% balance transfer fee.

However, it's worth noting that any balance left unpaid at the end of the introductory period reverts to the variable cash advance rate. Cardholders should do their best to avoid this by paying off their transferred balance before interest starts accruing.

Why should you choose this card?

As a premium card, there are some nice features to be had. The NAB Low Fee Platinum Credit Card offers one free additional cardholder, emergency travel assistance and special entertainment offers with Visa Offers and Perks. All for a lovely low annual fee (relatively speaking, of course) of $90.

Overall Rating

For anyone looking for a balance transfer offer, the NAB Low Fee Platinum Credit Card could be suitable. Great features, great low annual fee — just keep an eye on the details.

User reviews

NAB Low Fee Platinum Credit Card ( based on 2 Creditcard.com.au user reviews )

90% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.74% p.a.

Cash advance rate 21.74% p.a.

Interest free period on purchases up to 44 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 $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $90 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $25 whichever is greater

Cash advance fee 3% or $3 whichever is greater

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 3 months

Flight Inconvenience Insurance Yes

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Overview

NAB Low Fee Platinum Credit Card

Key features

  • 0% on balance transfers for first 12 months (BT reverts to variable cash advance rate) - Once off 3% balance transfer fee applies.
  • Free additional cardholder
  • Low annual fee of only $90 per year
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay
  • Up to 44 interest-free days on purchases
  • Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • Purchase protection insurance
  • Extended warranty insurance

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 our credit card expert a question.

43 questions (showing the latest 10 Q&As)

Clare France

Clare France

30 October 2023
With this credit card is the travel insurance, is that for 3 months total or 3 months for each trip. Does the travel insurance for overseas cover car insurance access.
    Pauline - CreditCard.com.au

    Pauline

    9 November 2023
    Hi Clare, the coverage applies to each trip as long as you meet the eligibility requirements, and it commences when you depart from your home for your travels. For additional details about the various insurance protections, terms, conditions, and exclusions, you can refer to NAB's official insurance PDS.
rachel.hedge@uon.edu.au

[email protected]

2 September 2023
How long for a decision to be made
    Pauline - CreditCard.com.au

    Pauline

    4 September 2023
    Hi Rachel, there's no fixed timeframe for a credit card application decision, but typically, it can take anywhere from a few days to a few weeks, depending on the credit card issuer.
Lucjan

Lucjan

7 February 2023
Planning to use my Visa Platinum to purchase International flight tickets to Phuket for me and my girlfriend. Are we both automatically covered by the International travel insurance once the tickets are bought or do we need to apply? Also what does it cover? As in Medicals /Hospitals /Accommodation/ Lost baggage /Delays /Cancellations and what amounts? Looking forward to a detailed answer. Thank you.
    Pauline - CreditCard.com.au

    Pauline

    7 February 2023
    Hi Lucjan, if your girlfriend is permanently living with you (the cardholder) at the time the journey or trip starts, both of you will be eligible for the NAB complimentary overseas travel insurance provided you meet all the criteria outlined on NAB’s insurance policy booklet. The full information on the insurance benefits, coverage amount, and exclusions can be found in the booklet. You can also speak to Allianz Global Assistance (NAB’s insurance underwriter) at 1800 187 025 for further assistance.

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