- 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
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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.
Pros and cons
- No rewards program
- No complimentary insurance covers
Creditcard.com.au review
Editor Review
NAB Low Rate Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt Ask Pauline a Question 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
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
Pauline is a personal finance expert at CreditCard.com.au, with 8 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 a our credit card expert a question.
Ask a question146 questions (showing the latest 10 Q&As)
what is the minimum income required to get a credit card
Hi Melinda, the wide range of different credit cards means that each has different eligibility and minimum income requirements. For the NAB Low Rate card, I checked and there’s no specific information about the income requirement, however, it is stated that you should have a regular income. For more information, you can reach out to NAB directly via their different contact options. If you’re looking for a card with a lower income requirement, you can read our guide for more information.
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?
Hi Teena, I suggest reaching out to NAB directly at 13 22 65 so they can look into it right away and assist.
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
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.
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
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.
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
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!
Can you BT to a bank account?
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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19 October 2021I need to be part of it too
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3 November 2016Card was paid off on the 10th. Got charged late payment fees on the 4th of the following month...
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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.
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