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Purchase rate

0% for 12 months reverts to 13.25% p.a.

Balance transfer

N/A

Annual fee

$0 first year then $60

Pros

0% p.a. on purchases for the first 12 months

Low ongoing purchase rate of 13.25% p.a.

No annual fee first year

Low annual card fee of $60 thereafter

Complimentary Unauthorised Transaction Insurance

Set individual credit limits under one facility

Cons

No rewards program

custom Image

Low rate business credit card

You can attach multiple cards to one account and set individual credit limits under one facility. Monthly statements are available for each cardholder and a summary table of your total account.

100% of customers who have rated this card would recommend it
  • Rates
    92%
  • Fees
    80%
  • Rewards
    N/A
  • Customer Service
    90%
  • Value
    88%
Overall user rating 74%
4 reviews
Interest Rates
Purchase rate 13.25% p.a.
Introductory purchase rate 0% p.a. for 12 months
Cash advance rate 13.25% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $5,000
Maximum credit limit N/A
Fees & repayments
Annual fee $60 p.a.
Annual fee first year $0
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee 2%
Foreign transaction fee 3%
Late payment fee $15
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Unauthorised transaction insurance

NAB Low Rate Business Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The NAB Low Rate Business Credit Card

A very appealing option for business owners searching for a simple low cost credit card, the NAB Low Rate Business Credit Card makes it easier to manage cashflow, while offering fast and easy application and several no frills features. Want more? You can enjoy more money-saving benefits if you apply today, with two very attractive introductory offers on the table.

What we love...

With up to 55 days interest free on purchases, the NAB Low Rate Business Credit Card is designed to help business owners manage their cashflow, while keeping costs low. To sweeten the deal, NAB is currently offering two enticing introductory offers to help keep costs even lower, with 0% p.a. on purchases and no annual fee for the first year.

To be eligible for the card’s interest free offer, simply apply and be approved before the offer is withdrawn. You will pay no interest on purchases made during the first 12 months, after which point, any purchase amounts still owing will attract the card’s current purchase rate. Happily, this rate should remain relatively low, given the card’s ‘low rate’ status.

As for the no annual fee offer, as long as you apply and are approved before NAB withdraws the offer, you will have your annual fee waived for the first year. One year from the first use of the card, the standard annual fee will be charged. Bearing in mind the card’s low cost credentials, you know the standard annual fee for the NAB Low Rate Business Credit Card is not too steep.

Aside from its introductory offers, the card also features a few tempting extras. While they are not likely to blow you away with their magnificence, you may still find them useful – and therefore valuable. Want to find out what’s on offer in the way of extras? Read on, we’ll come back to them shortly.

What’s not so great...

As long as all you’re looking for is a low cost credit card, there’s not much to complain about with the NAB Low Rate Business Credit Card in your wallet. It has a low ongoing purchase rate and a relatively low annual fee, and it has some useful additions. But, if you’re longing for fancy features and exciting extras, know that this card simply doesn’t have them.

Why should you choose this card?

If you are a business owner who wants a low cost credit card option, the NAB Low Rate Business Credit Card may well be for you.

As a cardholder, you will benefit from Unauthorised Transaction Insurance, providing cover for up to $20,000 per individual cardholder, or up to $150,000 per accountholder in any 12 month period. You may also choose to personalise your cards with your business name, helping to advertise your business whenever one of your cards is used.

Controlling your expenses is simple with the NAB Low Rate Business Credit Card, as you have the option to attach multiple cards to one account, setting individual credit limits under one facility. Monthly statements are available for each cardholder, as well as a convenient summary table of your total account.

When it comes to credit card application, NAB makes this super easy. Upload your financial data from any accounting package software – such as Xero or MYOB – and you can enjoy a quick online decision. You can apply online if you are:

  • A sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible trust.
  • Registered for GST, have a valid ABN/ACN and turnover of at least $75,000 per year.
  • Over 18 years old and an Australian citizen or permanent resident.
  • Have 12 months of business financial data from your accounting software.

Of course, you also have access to all the usual features offered on most credit cards nowadays. These include fraud protection with NAB Defence, online security through Verified by Visa, 24/7 emergency assistance if your card is lost or stolen, and contactless payments for purchases under $100.

Overall Rating

A simple business credit card with a low ongoing purchase rate, low annual fee and useful extras, currently offering 0% p.a. on purchases and no annual fee for the first year.

3 questions (showing the latest 10 Q&As)

Rebecca

Rebecca

19 May 2019
This message on my phone is link to someone's card. But I don't have a card yet ? So whoms account is linked to mine. Please explain. Call me Rebecca thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 May 2019
    Hi Rebecca, I suggest that you contact NAB Business credit card customer service ASAP. 13 10 12 or visit your nearest branch.
uvis

uvis

25 February 2019
can i get card if i am resident of Latvia ? is it possible?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Uvis, these cards are for Australian residents only. Depending on your Visa class in Australia you can be eligible for other offers that accept temporary residents.
Jade Rudd

Jade Rudd

24 November 2018
Can I get a personal one Please I have not received anything I have never tried to get card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 November 2018
    Hi Jade, this is a business credit card. Get approved for the NAB Low Rate Business Card your business is registered for GST and has a turnover of at least $100,000 per year. Your business has been in operation for at least 12 months and has a valid Australian Business Number (ABN). You have a business and residential address in Australia. You're at least 18 years old and hold an Australian citizenship or permanent residency. You're a sole trader, a business partnership with no more than two individual partners, a company with five or less directors or a trustee of an eligible trust. If you are looking for a personal card, then check out the NAB Low Rate.

NAB Low Rate Business Credit Card

The NAB Low Rate Business Card lets you get 0% p.a. on purchases for the first 12 months. This reverts to a low interest rate of 13.25% p.a. on purchases and cash advances. Another great saving is you pay no annual fee the first year. The annual fee from the second year is $60.

Key features

  • 0% on eligible business purchases for the first 12 months
  • Low ongoing purchase rate of 13.25% p.a.
  • Up to 55 interest free days on purchases if you pay the account in full by the due date each month
  • No annual card fee for the first year
  • Low annual card fee of $60 thereafter
  • Complimentary Unauthorised Transaction Insurance
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.
  • Minimum income of $75,000. That is, have an annual turnover of at least $75,000 p.a.
  • You have your personal details ready to complete the online application
NAB Low Rate Business Credit Card
NAB Low Rate Business Credit Card

NAB Credit Cards

NAB Low Rate Business Credit Card

Updated 17 September 2019

Special offer on a new NAB Low Rate Business Card. 0% interest on business purchases for the first 12 months and $0 annual card fee for the first year. Low standard annual card fee of $60 thereafter. Set individual credit limits under one facility. Up to 4 additional card holders at no extra cost.

Purchase Rate (p.a)

0% p.a.

for 12 months. Reverts to 13.25% p.a.

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0 first year. Then $60 p.a.

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on purchases for the first 12 months
  • Low ongoing purchase rate of 13.25% p.a.
  • No annual fee first year
  • Low annual card fee of $60 thereafter
  • Complimentary Unauthorised Transaction Insurance
  • Set individual credit limits under one facility

  • No rewards program

Creditcard.com.au review

Editor Review

NAB Low Rate Business Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The NAB Low Rate Business Credit Card

A very appealing option for business owners searching for a simple low cost credit card, the NAB Low Rate Business Credit Card makes it easier to manage cashflow, while offering fast and easy application and several no frills features. Want more? You can enjoy more money-saving benefits if you apply today, with two very attractive introductory offers on the table.

What we love...

With up to 55 days interest free on purchases, the NAB Low Rate Business Credit Card is designed to help business owners manage their cashflow, while keeping costs low. To sweeten the deal, NAB is currently offering two enticing introductory offers to help keep costs even lower, with 0% p.a. on purchases and no annual fee for the first year.

To be eligible for the card’s interest free offer, simply apply and be approved before the offer is withdrawn. You will pay no interest on purchases made during the first 12 months, after which point, any purchase amounts still owing will attract the card’s current purchase rate. Happily, this rate should remain relatively low, given the card’s ‘low rate’ status.

As for the no annual fee offer, as long as you apply and are approved before NAB withdraws the offer, you will have your annual fee waived for the first year. One year from the first use of the card, the standard annual fee will be charged. Bearing in mind the card’s low cost credentials, you know the standard annual fee for the NAB Low Rate Business Credit Card is not too steep.

Aside from its introductory offers, the card also features a few tempting extras. While they are not likely to blow you away with their magnificence, you may still find them useful – and therefore valuable. Want to find out what’s on offer in the way of extras? Read on, we’ll come back to them shortly.

What’s not so great...

As long as all you’re looking for is a low cost credit card, there’s not much to complain about with the NAB Low Rate Business Credit Card in your wallet. It has a low ongoing purchase rate and a relatively low annual fee, and it has some useful additions. But, if you’re longing for fancy features and exciting extras, know that this card simply doesn’t have them.

Why should you choose this card?

If you are a business owner who wants a low cost credit card option, the NAB Low Rate Business Credit Card may well be for you.

As a cardholder, you will benefit from Unauthorised Transaction Insurance, providing cover for up to $20,000 per individual cardholder, or up to $150,000 per accountholder in any 12 month period. You may also choose to personalise your cards with your business name, helping to advertise your business whenever one of your cards is used.

Controlling your expenses is simple with the NAB Low Rate Business Credit Card, as you have the option to attach multiple cards to one account, setting individual credit limits under one facility. Monthly statements are available for each cardholder, as well as a convenient summary table of your total account.

When it comes to credit card application, NAB makes this super easy. Upload your financial data from any accounting package software – such as Xero or MYOB – and you can enjoy a quick online decision. You can apply online if you are:

  • A sole trader, a partnership with up to two partners, a company with up to five directors, or a trustee of an eligible trust.
  • Registered for GST, have a valid ABN/ACN and turnover of at least $75,000 per year.
  • Over 18 years old and an Australian citizen or permanent resident.
  • Have 12 months of business financial data from your accounting software.

Of course, you also have access to all the usual features offered on most credit cards nowadays. These include fraud protection with NAB Defence, online security through Verified by Visa, 24/7 emergency assistance if your card is lost or stolen, and contactless payments for purchases under $100.

Overall Rating

A simple business credit card with a low ongoing purchase rate, low annual fee and useful extras, currently offering 0% p.a. on purchases and no annual fee for the first year.

User reviews

NAB Low Rate Business Credit Card ( based on 4 Creditcard.com.au user reviews )

74% rating based on 4 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 13.25% p.a.

Introductory purchase rate 0% p.a. for 12 months

Cash advance rate 13.25% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $5,000

Maximum credit limit N/A

Fees & repayments

Annual fee $60 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 3%

Minimum repayment

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $15

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Unauthorised transaction insurance

Overview

NAB Low Rate Business Credit Card

The NAB Low Rate Business Card lets you get 0% p.a. on purchases for the first 12 months. This reverts to a low interest rate of 13.25% p.a. on purchases and cash advances. Another great saving is you pay no annual fee the first year. The annual fee from the second year is $60.

Key features

  • 0% on eligible business purchases for the first 12 months
  • Low ongoing purchase rate of 13.25% p.a.
  • Up to 55 interest free days on purchases if you pay the account in full by the due date each month
  • No annual card fee for the first year
  • Low annual card fee of $60 thereafter
  • Complimentary Unauthorised Transaction Insurance

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.

  • Minimum income of $75,000. That is, have an annual turnover of at least $75,000 p.a.

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

3 questions (showing the latest 10 Q&As)

Rebecca

Rebecca

19 May 2019
This message on my phone is link to someone's card. But I don't have a card yet ? So whoms account is linked to mine. Please explain. Call me Rebecca thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 May 2019
    Hi Rebecca, I suggest that you contact NAB Business credit card customer service ASAP. 13 10 12 or visit your nearest branch.
uvis

uvis

25 February 2019
can i get card if i am resident of Latvia ? is it possible?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Uvis, these cards are for Australian residents only. Depending on your Visa class in Australia you can be eligible for other offers that accept temporary residents.
Jade Rudd

Jade Rudd

24 November 2018
Can I get a personal one Please I have not received anything I have never tried to get card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 November 2018
    Hi Jade, this is a business credit card. Get approved for the NAB Low Rate Business Card your business is registered for GST and has a turnover of at least $100,000 per year. Your business has been in operation for at least 12 months and has a valid Australian Business Number (ABN). You have a business and residential address in Australia. You're at least 18 years old and hold an Australian citizenship or permanent residency. You're a sole trader, a business partnership with no more than two individual partners, a company with five or less directors or a trustee of an eligible trust. If you are looking for a personal card, then check out the NAB Low Rate.

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