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13.24%
4.99% for 6 months
$59.00
55
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Can a credit card really be kind to cardholders? The NAB Low Rate credit card has generously low purchase and balance transfer rates, a friendly low annual fee and won't punish you (well, not too harshly) for the odd late bill.
Key features: NAB has reached a new low - in a good way - by offering a rock-bottom 2.99% interest rate on purchases for your first year. And the 4.99% balance transfer offer for 6 months is generous, allowing you to clear any debt you transfer over from another credit card in a reasonable time limit. The regular purchase rate after the intro period is 13.24% which is standard for a low rate card. The late payment fee is just $5 - hard to believe when other cards will whack you with penalties of $35 and up - but with 55 days interest free, you'd never stray into late-payment territory, right? And the fee for running overlimit? Nada.
Who it's good for: If you're determined to clear a debt within a six-month deadline, or don't depend on plastic day by day and need a basic credit card that won't send you broke with fees and accumulating interest, then this could be the low-maintenance option for you.
Any catches? Don't confuse the low purchase rate with cash advances. The introductory purchase rate only applies to goods and services bought on the credit card, not cash withdrawn from an ATM or point-of-sale retailer. Like most credit cards, the NAB Low Rate credit card has a high cash advance rate (21.74%) which will start accruing interest immediately if you withdraw cash using the card.
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| NAB credit cards |
6.7
Based on 486 NAB credit card reviews |
6.1 | 6.2 | 6.7 | 7.4 | 6.8 |
Read NAB credit card reviews by the Mozo community
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nice staff
I am not a fan of any bank. The staff at my local NAB are very good but I think rates could be lower as the financial climate is not good at the moment.. Maybe then they would get more customers and that would help profits. Full review
I am not a fan of any bank. The staff at my local NAB are very good but I think rates could be lower as the financial climate is not good at the moment.. Maybe then they would get more customers and that would help profits.
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It does the job- don't expect much more than that!
Although NAB can no longer charge fees for overdrawn or overdue credit cards (which is great!) they persist in sending letter after letter asking you to pay up on the overdrawn amount - if you could you would right! I find that condescending and a... Full review
Although NAB can no longer charge fees for overdrawn or overdue credit cards (which is great!) they persist in sending letter after letter asking you to pay up on the overdrawn amount - if you could you would right! I find that condescending and annoying. I have also found the customer service to be less than satisfying, especially when I had my accounts hacked and was told it was my fault!
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YesNational Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB’s changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.
Mozo People's Choice Awards. As voted by the Australian money public. Our Community of 23,000 reviewers gave this provider the thumbs up.
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