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NAB Low Rate Credit Card
NAB Low Rate Credit Card

NAB Credit Cards

NAB Low Rate Credit Card

Updated 2 January 2020

With the NAB Low Rate Visa, if you sign up now, you can also take advantage of 0% p.a. on purchases for 6 months. This introductory offer reverts to the low purchase rate of 13.99% p.a. Other benefits include a low $59 annual fee, one free additional cardholder, Visa PayWave and 24/7 emergency travel assistance with Visa Customer Assistance Services plus special offers on events and entertainment with Visa Entertainment.

Purchase Rate (p.a)

0% p.a.

for 6 months. Reverts to 13.99% p.a.

Balance Transfer (p.a)

0% for 6 months 2% BT fee applies. reverts to 21.74% p.a.

Annual Fee (p.a)


$0 over 6 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low annual fee of $59
  • 0% p.a. on purchases for 6 months
  • A low standard purchase rate of 13.99% p.a.
  • 0% p.a. for 6 months on balance transfers. One off 2% balance transfer fee applies. Reverts to Cash Advance Rate. Minimum monthly repayments required
  • Visa Pay Wave
  • Free additional cardholder
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • 2% balance transfer fee review

Editor Review

NAB Low Rate Credit Card

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

User reviews

NAB Low Rate Credit Card ( based on 26 user reviews )

84% rating based on 26 reviews

Customer Service
19% Visitor

3 November 2016

Card was paid off on the 10th. Got charged late payment fees on the 4th of the following month...

Does not recommend this card
0% Visitor

2 April 2016

Totally disgusted in NAB. Did on online application for credit transfer of 2 small c/cards balances.Had a problem with my Jetstar card being transferred across.. After 4 weeks of repeated phone calls and promises of call backs, I have final,y been informed (after getting extremely angry) that they are unable to do this.. Not one person bothered to call back after 8 calls.. They do not notify anywhere (and I searched and search to ensure I could transfer) on their website that they only balance transfer certain credit cards.. Customer service talk all friend but do nothing to follow up.. Happy to grab business sales and run.. I'm taking my business elsewhere.. Disgusted in NAB.

Does not recommend this card
86% Visitor

28 January 2013

Low rate, low annual fee. You get a balance transfer offer if you need it. But the best thing about this card is that its low rate is so cheap.

Recommends this card

Aoife McLennan

28 January 2013

I signed up for a NAB card because I do all my other banking with NAB. It has a good low purchase rate so it works out fairly cheap month to month, and the annual fee is affordable.

Recommends this card

Rates and fees

Interest rates

Purchase rate 13.99% p.a.

Introductory purchase rate 0% p.a. for 6 months

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 6 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee 2% one off

Balance transfer limit 90% of approved credit limit

Banks you can't balance transfer from NAB

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $59 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment

Cash advance fee 2%

Late payment fee $15

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


Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay


NAB Low Rate Credit Card

Key features

  • 0% p.a. on purchases for 6 months
  • Low ongoing purchase rate of 13.99% p.a.
  • Low annual fee of $59
  • 0% p.a. for 6 months. One off 2% BT fee applies. Reverts to Cash Advance Rate. Minimum monthly repayments required
  • Visa Pay Wave
  • Free additional cardholder
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB 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

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

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

Roland B Bleyer

Roland B Bleyer founded 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.

130 questions (showing the latest 10 Q&As)



12 September 2019
What are the fees to use the NAB Lor Rate Credit Card overseas?
    Roland B Bleyer - Founder


    12 September 2019
    Hi Isaac, with NAB the Foreign transaction fee is 3%. So you will get hit with a 3% fee on everything you purchase O/S at the time you buy it. If possible, depending on the amount you will spend. It could make sense to get a card with no foreign fees like the 28 Degrees.
jimmy khouri

jimmy khouri

24 August 2018
what crexit card u can apply and get approved if you started a good paid job for 2 months only. what requirements are deemed to satisfy an approval. thanks
    Roland B Bleyer - Founder


    27 August 2018
    Hi Jimmy, approval depends on a range of factors. Key indicators are you income v expenses, assets v liabilities and your credit history. Being 2 months into a job can mean that it is harder to get a credit card. Though it will depend on your employment previously as well. You can have a go and apply for this NAB low rate offer if you like. Though best practice would say wait until you are employed for 6 months to apply.
Veronica coronel

Veronica coronel

16 July 2018
Can I do balance transfer to my credit card
    Roland B Bleyer - Founder


    18 July 2018
    Hi Veronica, NAB accept non-NAB credit card or store debt to transfer to one of there balance transfer offers. Therefore if you want to transfer non-NAB debt then you can apply for this offer. If your debt is NAB then you will need to look outside of NAB for a balance transfer deal that suits.


20 May 2018
i m not a resident of australia, however i ve a cr card with COM Wealth bank and was looking for a Balance Transfer card to save on interest. i work full time and part time, 2 jobs. can you advise me if possible? i
    Roland B Bleyer - Founder


    21 May 2018
    Hi Praveen, depending on your income I would look at the HSBC Platinum credit card. HSBC do seem to be flexible for non-permanent residents. The HSBC Low Rate has a much lower income requirement. Though they typically want to see more income if you are non-permanent than standard so maybe the low rate is a better option.
elizabeth marriott Bundaberg

elizabeth marriott Bundaberg

7 February 2018
hi iam entitled to do this please
    Roland B Bleyer - Founder


    8 February 2018
    Hi Liz, you can apply online in around 15 minutes and get a response in 60 seconds. NAB may ask you for payslips or bank statements. If you are new to NAB, you will need to get identified online. You need to be at least 18 years old to apply and have good credit.
Padmini Disanayaka

Padmini Disanayaka

7 August 2017
How much it should be minimum income to apply this credit card?
    Roland B Bleyer - Founder


    7 August 2017
    Hi Padmini, there is no set minimum to apply though in the past it has been 15k a year. You can use this as a guide. Best of luck with your application.
Pauline Roberts

Pauline Roberts

1 August 2017
I have a personal loan with Citibank, balance owing is $13510.79. Can you please advise if I am able to transfer this balance to the NAB Low Rate Credit Card on 0% balance transfer for 16 months.
    Roland B Bleyer - Founder


    2 August 2017
    Hi Pauline, unfortunately this is a no. Citi are the only bank that accept personal loan debt as part or all of the transfer. No other bank will do this and your debt needs to be non-Citi. A longer way around could be for you to get another personal loan (non-Citi). Pay out your current Citi personal loan. Then look to transfer that debt at a later time to a Citi balance transfer offer. There is a risk of approval with each stage.


28 March 2017
I have a nab low rate cc owing $4600 payintg12.99 % and no annual fee should I stay at NAB or balance transfer ? or do you have a suggestion to get it paid off I will be travelling to Italy June / july this year as well concerned about international fees and charges. Please help
    Roland B Bleyer - Founder


    29 March 2017
    Hi Salli, I would look to balance transfer that NAB debt but as its no annual fee you could still keep the card open, even if you balance transfer the whole amount. Yes the international fees can really add up on most cards. When travelling it is best to use a card that has no FX charges. If you can combine this with overseas travel insurance then it can pay for itself. Have a look at ANZ Travel Adventure Card. A range of practice features that work for people travelling. You also get a free flight which can be even Sydney to Perth return inc taxes. If the card doesn't suit you after the trip you can cancel it. Though this does not have any balance transfer offer. If you want to transfer the NAB debt you could look at something like the HSBC Low Rate card.


14 March 2017
I am on a disability pension does that mean I cannot apply
    Roland B Bleyer - Founder


    15 March 2017
    Hi Lilly, the Disability Pension is considered income when applying for a NAB credit card. Therefore if you meet the minimum income and have good credit you can apply for this card.


27 February 2017
Is this offer available to existing nab credit card customers?
    Roland B Bleyer - Founder


    28 February 2017
    Hi Helen, it is but you cannot transfer NAB credit card debt to a NAB balance transfer offer. A balance transfer needs to be between different banks. Therefore if you are looking to transfer NAB debt then you can look at e.g. Virgin Flyer.

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