NAB Low Rate Credit Card

Roland Bleyer

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

The NAB Low Rate Credit Card

Saving money can be a wonderful thing, especially when you’re talking credit cards. While some folks seem happy paying out more in annual fees and interest for feature-packed credit cards, others prefer to save money where they can, saying no to extras they don’t actually need.

With the NAB Low Rate Credit Card, it’s all about money-saving. While it does have some nice introductory deals and features on offer, it also has an affordable annual fee and NAB’s lowest everyday purchase rate.

Sound like something you’d like to get your hands on? Let’s look closer at this money-saving card to see exactly what it has to offer.

What we love...

One way to save money when using credit is to pay using a credit card with a purchase offer. Funnily enough, that’s exactly what the NAB Low Rate Credit Card has to offer new cardholders right now.

If you’re approved for this card, you can enjoy 0% p.a. on purchases for six months. So, if you had to make a big purchase, for example, you could put it on your card, and then pay off the balance before the introductory period ends to avoid paying interest.

It is worth pointing out that any balance left unpaid will revert to the card’s low purchase rate rather than the significantly higher cash advance rate, but still, it’s a better idea to clear the balance to avoid paying any interest at all.

In terms of balance transfers, the card also offers 0% p.a. for six months, with a 2% balance transfer fee. While this isn’t the best balance transfer deal on the market at the moment, it could still allow you to save on interest paid out on your existing credit card debt.

Take note, you can now balance transfer up to 90% of your approved credit limit, which could definitely come in handy.

What’s not so great...

Before applying for a credit card, it’s generally a good idea to check out the small print. Not exciting, we know, but necessary nonetheless. With the NAB Low Rate Credit Card, be aware that any balance transfers left unpaid at the end of the intro period revert to the cash advance rate.

Anything else not to love? The main thing to bear in mind with this card is that it is a low rate, low annual fee card. Don’t expect flashy features and rewards, because it ain’t got them. However, as a money-saver, it does exactly as you would expect. It can help you save money.

Why should you choose this card?

As we said, the main reason to choose this card is for its money-saving capabilities. You could save heaps on purchases with 0% p.a. to pay for the first six months, then you can enjoy NAB’s lowest everyday purchase rate day-to-day. You could also save on balance transfers, while enjoying a very reasonable annual fee.

In terms of features, you can benefit from up to 55 days interest free on purchases after that intro period ends, one free additional cardholder, 24/7 emergency travel assistance with Visa Customer Assistance Services, and special offers on events and entertainment with Visa Entertainment.

Overall Rating

A low rate, low annual fee card with a great six-month 0% p.a. purchase offer and 0% p.a. balance transfer offer, with some handy features thrown in as well.