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NAB Low Rate Credit Card
NAB Low Rate Credit Card

NAB Credit Cards

NAB Low Rate Credit Card

Updated 14 October 2021

Enjoy 0% p.a. on balance transfers for 32 months with no balance transfer fee. Plus, save with $0 annual fee for the first year ($59 thereafter), low interest rate of 12.99%, and up to 55 interest-free days. Other benefits include free additional cardholder and special offers on events with Visa Entertainment.

New card members only. T&Cs apply.

Purchase Rate (p.a)

12.99%

Balance Transfer (p.a)

0% for 32 months No balance transfer fee.
Reverts to 21.74% p.a.

Annual Fee (p.a)

$0 first year. Then $59 p.a.

$0 over 32 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. for 32 months on balance transfers. No balance transfer fee applies. Reverts to Cash Advance Rate.
  • No annual fee for the first year ($59 thereafter)
  • Low purchase rate of 12.99% p.a.
  • Up to 55 interest-free days on purchases
  • Visa payWave
  • Free additional cardholder
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • No rewards program
  • No complimentary insurance covers

Creditcard.com.au review

Editor Review

NAB Low Rate 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 Credit Card

Saving money can be a wonderful thing, especially when you’re talking about 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 low purchase rate. Funnily enough, that’s exactly what the NAB Low Rate Credit Card has to offer cardholders.

In terms of balance transfers, the card offers 0% p.a. for 32 months, with no balance transfer fee. This could allow you to save on interest paid out on your existing credit card debt at card application. It is worth pointing out that any balance left unpaid will revert to the card’s high cash advance rate. Take note, you can now balance transfers up to 90% of your approved credit limit, which could definitely come in handy.

Great news! Giving more proof to its name as a money-saving facility, NAB Low Rate Credit Card lets its new cardholders enjoy the benefits without paying an annual fee for the first year and reverts to a very low ongoing fee of $59 per year.

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 existing credit card debt with 0% p.a. to pay for the first 32 months with no balance transfer fee. You could also save with a low purchase rate day-to-day, 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 0% p.a. for 32 months balance transfer offer, with some handy features thrown in as well.

User reviews

NAB Low Rate Credit Card ( based on 27 Creditcard.com.au user reviews )

84% rating based on 27 reviews

Rates
Fees
Rewards
Customer Service
Value
100%

JENNA WELLIP

19 October 2021

I need to be part of it too

Recommends this card
19%

Creditcard.com.au 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
86%

Creditcard.com.au 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
88%

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 12.99% p.a.

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 32 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 90% of approved credit limit

Banks you can't balance transfer from NAB

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $59 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $25 whichever is greater

Annual fee the first year $0

Cash advance fee 2% or $2.50 whichever is greater

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

Extras

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

Overview

NAB Low Rate Credit Card

Key features

  • Low purchase rate of 12.99% p.a.
  • No annual fee for the first year ($59 thereafter).
  • 0% p.a. for 32 months on balance transfers. No balance transfer fee applies. Reverts to Cash Advance Rate
  • 24/7 emergency travel assistance with Visa’s Global Customer Assistance Services (GCAS).
  • Fraud protection
  • Up to 55 interest-free days on purchases.
  • Visa payWave
  • 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 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.

145 questions (showing the latest 10 Q&As)

TEENA

TEENA

27 October 2021
Hi I was applying for a NAB low rate credit card to balance transfer from Lattitude Gem visa but when I put in the card number it says that the card number is invalid. Is that something you could help me with?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 October 2021
    Hi Teena, I suggest reaching out to NAB directly at 13 22 65 so they can look into it right away and assist.
Stan Matveev

Stan Matveev

26 October 2021
Hi Roland I asked a question yesterday and your answer is as follows :-"Hi Stan, we checked and unfortunately this balance transfer offer is only for approved applicants who apply for a new personal NAB Low Rate credit card." My further query is , can I apply for a new personal NAB Low Rate credit card to enable me to get a 0 transfer on my card that is NOT a NAB credit card. Regards Stan
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 October 2021
    Hi Stan, great to hear back from you! It would be worth checking with NAB on 13 22 65 directly. NAB also has an online chat service on their site, or you could contact them on their Facebook messenger profile.
Stan Matveev

Stan Matveev

25 October 2021
I currently have a NAB visa card and I also have another credit card with another provider. Can I get the amount that I owe to the other provider transfer to my current NAB card and still get the 32 months free interest and close the the account at the same time, or do I have to get a second NAB card to get the interest free offer? Regards Stan
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 October 2021
    Hi Stan, we checked and unfortunately this balance transfer offer is only for approved applicants who apply for a new personal NAB Low Rate credit card.
Yolanda

Yolanda

30 September 2021
cc balance transfer. so will i not pay any interest for 32 months on this card, just my monthly payment amount? thank you for your help
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 October 2021
    Hi Yolanda, if you make the minimum monthly repayment on time, you will enjoy the 0% p.a for the whole 32 months on balance transfers during the promo period.If you have an unpaid balance at the end of the period, this will then attract the card’s cash advance rate. Hope this has helped!
Stella

Stella

14 September 2021
Can you BT to a bank account?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 September 2021
    Hi Stella, unfortunately you can’t cash out a balance transfer. Balance transfers are only able to used to consolidate other credit card debt, store cards and with some providers, like Citi, personal loans.

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