- Balance transfer offer: 5.99% p.a. for 24 months on balance transfers (with a 0% balance transfer fee).
- No annual fee for the first year ($59 thereafter).
- Low interest: Just 13.49% p.a. on purchases
- Discounts and perks: Access special offers with retailers, dining and entertainment using Visa Offers + Perks
- Extras: Get up to 55 interest-free days on purchases (if you pay your statement in full by the due date) and a free additional cardholder.
- Easy to use: Syncs with Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay
Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.
NAB Credit Cards
NAB Low Rate Credit Card – Balance Transfer Offer
Updated 23 June 2025
Get back on track with 5.99% p.a. on balance transfers for a massive 24 months with a 0% balance transfer fee. Plus, save more with $0 annual fee the first year, and a low $59 p.a. after that.
This card comes with a low variable interest of 13.49% p.a. on everyday purchases, one free additional cardholder and special offers with Visa Offers + Perks. The NAB Low Rate card is a good match if you want to get on top of debt and save on card costs.
Terms,conditions, fees and charges apply.
Purchase Rate (p.a)
13.49%
Balance Transfer (p.a)
5.99% for 24 months 0% balance transfer fee applies.
Reverts to 21.74% p.a.
Annual Fee (p.a)
$0 first year. Then $59 p.a.
Pros and cons
- No rewards program
- No complimentary insurance covers
Creditcard.com.au review
Editor Review
NAB Low Rate Credit Card – Balance Transfer Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Overall rating
First off, I have to say I’m impressed by NAB’s generous balance transfer offer. It’s one of the longest out there, and could be a huge win if you’re saddled with credit card debt.
NAB’s Low Rate card is a low-cost, potentially money-saving card with an affordable annual fee and NAB’s lowest everyday purchase rate.What I love about the NAB Low Rate - Balance Transfer Offer card
I refer to these types of cards as a “financial tool” because they can help you get ahead, either with points, cashback or by paying off debt.
In this instance, the 24-month balance transfer deal is the big winner. It’s one of the longest around, and with a waived annual fee the first year you’ll have even more cash to put towards repayments.
I’ve gone through the terms and conditions to give you a better snapshot of the balance transfer and the other big features, which I’ll explain first. But, it’s still a good idea to read the PDS and TMD for yourself.
5.99% p.a. balance transfer: You won’t pay interest on balances transferred from non-NAB credit cards for 24 months. This offer is available for new NAB Low Rate cardholders only.
What you need to know:
✔ You can transfer up to 90% of your credit limit.
✔ You’ll still get the 55 days interest-free on purchases if you pay your statement in full each month.
❌ A one-off fee of 0% of the transferred amount will be charged to your NAB credit card account. For example, if your balance is $3000 you’ll pay a $90 fee.
❌ After 24 months, any unpaid balance transfer amount will attract the variable cash advance rate, which is currently very high at 21.74% (and subject to change)
⚠ NAB allows transfers from most non-NAB cards, but also lists several brands that aren’t compatible with its transfer process. These include Bendigo Bank, ING, Latitude Finance, Great Southern Bank, Heritage Bank, Adelaide Bank, credit unions and Amex.
Low annual fee: The annual fee is very competitive at $0 first year, and $59 per year after (other cards with similar offers can be around $80+ per year) The low $1000 minimum credit limit. A lower credit limit helps keep a cap on your spending, and looks better to lenders if you're in the market for a loan. The low credit limit is a good bonus if you're a first-time credit card user, and want to set a 'safety limit' while working out how to use the card and build your credit score.
Visa Offers + Perks. You can sign up to Visa Offers + Perks to get personalised discounts on retail, dining and experiences. For instance, you can get 10% cashback on Booking.com.
You'll also get:
- 55 days interest-free on purchases
- One free additional cardholder over 16 years old
- 24/7 emergency travel assistance with Visa Customer Assistance Services
- A wide range of digital wallets to choose from
What’s not so great
Remember that any balance left unpaid after the 24-month interest-free period will be charged at the variable cash advance rate. Going from 0% interest to 21.74% p.a. is a real kick in the teeth.
⚡ A note on that: the minimum payment on your statement won’t be enough to pay off your transfer in full within 24 months. You’ll need to work out the monthly amount and pay that each month either manually or by automatic transfer.
Also, this is a low-cost card. Don’t expect flashy features and rewards, because it just doesn't have them. It’s mostly about low rates and the balance transfer offer.
Who suits the NAB Low Rate - Balance Transfer Offer card?
This card has low costs, which means it could be a good fit for those who pay interest each month.
Its low credit limit and low annual fee could be handy for first-time cardholders, and the balance transfer could suit people looking for a much longer 5.99% interest timeframe.
User reviews
Rates and fees
Interest rates
Purchase rate 13.49% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 5.99% p.a. for 24 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee 0% one off
Balance transfer limit 90% of approved credit limit
Brands you can't balance transfer from NAB
Credit limits
Minimum credit limit $1,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $59 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3.5%
Minimum repayment 2% or $25 whichever is greater
Annual fee the first year $0
Cash advance fee 3.5% or $3.50 whichever is greater
Late payment fee $20
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
Extras
Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay
Overview
NAB Low Rate Credit Card – Balance Transfer Offer
NAB Low Rate Credit Card offers 5.99% p.a. on balance transfers for 24 months with no balance transfer fee, plus a $0 annual fee in the first year and $59 thereafter. With a low 13.49% p.a. on purchases, up to 55 days interest free, a free additional cardholder and access to discounts through Visa Offers + Perks, it’s a practical option for cutting costs and managing debt. Compatible with Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay. Terms and conditions apply.
Key features
- 5.99% p.a. for 24 months on balance transfers. 0% balance transfer fee applies. Unpaid BT reverts to variable Cash Advance Rate
- No annual fee for the first year ($59 thereafter).
- 24/7 emergency travel assistance with Visa’s Global Customer Assistance Services (GCAS).
- Fraud protection
- Up to 55 interest-free days on purchases when you pay your statement in full by the due date.
- Visa payWave
- Free additional cardholder.
- Syncs with Apple Pay, Google 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
-
Australian or New Zealand citizen, Australian Permanent Resident or non-resident holding an acceptable Temporary Residency Visa
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 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.
Ask a question192 questions (showing the latest 10 Q&As)
If I take out a balance transfer credit card and pay off $11,000 on another credit card and I get a credit limit of 13,000 can I make purchases on the new card with an interest free period or do i get charged interest straight away?
Hi David, with NAB credit cards you’ll get to choose where your payment goes. You’ll have to nominate to pay the “interest free days payment” of your outstanding balance, as well as the balance transfer portion of your balance. Making purchases while you have an active balance transfer isn’t generally done as the interest can stack up. You can read NAB’s official documentation here and if you like compare other balance transfer cards.
can self employed people apply for Balance transfers?
Hi Ray, you can do a balance transfer as long as you're not transferring from NAB to another NAB card. You can check our balance transfer guide for more details. I’ve also written a guide, and compiled a checklist of things to do when you apply for a self employed credit card. Hopefully these two guides can help you out. Thanks!
does this nab credit card with the 0% balance transfer payout Amex credit cards
Hi Vincent, you can transfer from any other credit or store card other than those issued by NAB.
I have 50k on Amex i would like to BT to this card. How can I be sure Amex can transfer to NAB? Thanks
Hi Adam, sadly, there’s no guarantees in the world of balance transfers. You’ll need to check you meet all the eligibility criteria and that your assessable credit limit will allow the debt you want to transfer. Credit providers keep their criteria very close to their chests!
I am currently receiving a sickness benefit from Centrelink. I am looking to get a low rate credit card for the purpose of building my credit score. Am I able to qualify for a CC based solely on Centrelink income?
Hi Brad, this is a question I get asked a few times each month so you’re not alone. Some cards let you use government payments as a source of income but it’s always best to call and ask. Have a read of my guide to everything you need to know about low income credit cards, where I’ve listed out some cards and the minimum income needed to qualify. If you’re looking at building your credit score, make sure you grab a copy of your credit file from a site like Finder so you know exactly where you stand. Good luck with it all Brad!
I would like to apply for a NAB credit card balance transfer. I am currently on a 3 year visa and wanted to know if this is ok to apply with to balance transfer from a Westpac credit card.
Hi Sabina, yes you can do a balance transfer from Westpac to a NAB credit card. But, I can’t tell you for sure if NAB will accept your visa status. You can give them a call to ask first. Thanks and good luck!
I want to transfer from latitude finance to nab? is this a thing?
Hi Jacquelin, yes you should be able to transfer your debt from Latitude onto a NAB card. The only stipulation is that you can't balance transfer from other NAB accounts.
Hi there, I am interested in a balance transfer credit card. The credit card would be in my name but the balance transferred is from my husbands account. Is this ok?
Hi Ash, it’s not clear if you can transfer a balance from your husband's account to your account. Only a few banks allow it and as far as I know, NAB isn’t one of them. You might need to call NAB to ask specifically about your situation at 13 22 65. Thanks!
Can I use the balance transfer for a Virgin Money card?
Hi Mark, it looks like the only bank you can't balance transfer to is NAB. So yes, you can transfer from Virgin Money to NAB. Thanks!
Hi Pauline. I'm looking for an interest-free balance transfer offer that allows the following: 1. Transfer of a personal loan (which is what I believe a Westpac Flexi loan/line of credit is identified as). 2. Eligible to temporary residents. I've been in Perth for 11 years and have a fiance from NZ, but this is usually a sticking point. I'm not sure if there's any way for my fiancee to be included in the process, considering the fact it would make things easier, it's just unfortunate that this line of credit was opened only under my name. Any assistance or recommendation would be greatly appreciated. Thank you. Kuda
Hi Kuda, only a few credit cards allow balance transfers from personal loans - Coles, Virgin Money, Qantas Money, Citi and Kogan. All those brands have cards with balance transfer offers, so it’s a matter of working out which one has the right length of 0% offer and annual fee for you. You would have to add your fiance as an additional cardholder, since joint accounts are rare - but, many brands need additional cardholders to be Australian residents. You might need to look for a few cards you like and call the provider to ask about extra cardholders and check if they can accept a BT from Westpac Flexi Loan. You can then come back and read our reviews to learn more about the card. I hope that helps!
I currently have $45000 on a Citi Credit Card and would be looking for a 0% balance transfer for 18 months. I will be able to pay the balance off in full before the 18 month mark. Which would be the best deal for me?
Hi Steven, you can compare a range of balance transfer cards to quickly compare some long term options. There are some like the NAB Low Rate that has 28 months interest-free on balance transfers and no annual fee the first year. Just remember you can’t transfer from a Citi card to another Citi card. All the best!
Details about balance transfer on credit card?
Hi Shikha, this card currently offers 0% p.a. On balance transfers for 28 months with a 2% fee. I’ve included a bunch of details in the review about how the balance transfer offer works, or you can have a look at the card’s PDS for even more info.
JENNA WELLIP
19 October 2021I need to be part of it too
Recommends this cardCreditcard.com.au Visitor
3 November 2016Card was paid off on the 10th. Got charged late payment fees on the 4th of the following month...
Does not recommend this cardCreditcard.com.au Visitor
28 January 2013Low 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 cardAoife McLennan
28 January 2013I 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