NAB Low Fee Card

  • NAB
  • 0% for 12 months then 19.74%

  • 0% for 12 months

  • $30

  • 44

NAB Low Fee Card Review

Review updated: 19 January 2015
Review published: 19 April 2013

What's hot:

  • Low $30 annual fee
  • 0% p.a balance transfer rate for 12 months
  • 0% p.a on purchases for 12 months

What's not:

  • High 21.74% cash advance rate

Mozo snapshot:

NAB's Low Fee Card is great for everyday use. No frills, low fees and top security combine to create a safe, accessible and easy to use card. The card has a low $30 annual fee and 0% p.a on balance transfers and purchases for the first 12 months.

Key features:

Low Fee Card customers can choose either a MasterCard or Visa card. Both choices enable contactless purchasing, emergency travel assistance, and secure online shopping. Visa customers also have access to the exclusive Visa Entertainment program, while MasterCard customers can reap the rewards of the MasterCard Privileges or Priceless Sydney offers.

A super-low annual fee of $30 is a big plus, and if you pay off your balance within the 44 interest free days, you'll escape the 19.74% purchase rate. But steer clear of cash advances with this card - the rate is a steep 21.74%. And if you're taking the Low Fee Card travelling, the news is good - the foreign exchange margins sits at 3.00%.

If you have existing debt on another card, the NAB Low Fee Card offers a 0% interest rate for 12 months. And unlike a lot of other cards, after the balance transfer period is up, the rate reverts to the purchase rate, as opposed to the high cash advance rate.


Who it's good for:

The NAB Low Fee Card is perfect for anyone who usually pays off their full balance each month, and is looking for a simple, easy and fuss-free card.

Any catches?

Getting a duplicate statement will cost you $7 - don't make it a regular thing!

How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
NAB credit card 7.2 Based on 617
NAB credit card reviews
6.3 6.3 7.2 7.6 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

  • Fantastic customer service from NAB

    1. Overall customer rating
    2. (Reviewed 19 days ago)

    NAB have been extremely helpful in signing me up to this product and with all information that all was relevant. Some products the information is not relevant to the product.  Full review 

    NAB have been extremely helpful in signing me up to this product and with all information that all was relevant. Some products the information is not relevant to the product.


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      1. Customer service
      1. Convenience
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    NAB credit card review by Beth from Victoria

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  • Polite and helpful

    1. Overall customer rating
    2. (Reviewed 20 days ago)

    Having been a customer of the NAB for the past 20yrs, I can say that the service I have received makes me feel that this bank is in it for whatever profit they can make. They are polite because they have to be, but they do not go out of their way...  Full review 

    Having been a customer of the NAB for the past 20yrs, I can say that the service I have received makes me feel that this bank is in it for whatever profit they can make. They are polite because they have to be, but they do not go out of their way to help out when I am in need of a bit of help. Because of this, I have another account with a different bank, who have helped me out on multiple occasions, when I needed a bit of leeway.


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    NAB credit card review by Caroline from Queensland

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  • Overall, great banking service

    1. Overall customer rating
    2. (Reviewed about 1 month ago)

    Comparable rates but still too high. Excellent service and online banking service, easy to use.  Full review 

    Comparable rates but still too high. Excellent service and online banking service, easy to use.


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    NAB credit card review by Tammy from Western Australia

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  • Great competitive interest rates

    1. Overall customer rating
    2. (Reviewed about 2 months ago)

    The NAB is a great institution . It has always allowed us to utilize the rewards of fly buys with our credit cards and travel insurance is a treat also. Thanks NAB for all your support for the last 30 yrs.  Full review 

    The NAB is a great institution . It has always allowed us to utilize the rewards of fly buys with our credit cards and travel insurance is a treat also. Thanks NAB for all your support for the last 30 yrs.


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    NAB credit card review by Jennifer from New South Wales

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  • Fantastic Customer Service!

    1. Overall customer rating
    2. (Reviewed about 2 months ago)

    I recently closed my NAB Low Fee card, which I've had for ten years. However, this had nothing to do with the bank itself. I still have my savings accounts with them, but I just can't sustain a credit card at the moment. They have always given imp...  Full review 

    I recently closed my NAB Low Fee card, which I've had for ten years. However, this had nothing to do with the bank itself. I still have my savings accounts with them, but I just can't sustain a credit card at the moment. They have always given impeccable customer service and didn't try to stop me from closing my credit card account. The biggest reason I closed it was the interest rate, which was much too high for my current financial situation. I would recommend them any day!


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    NAB credit card review by Alex from New South Wales

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  • Show more reviews

Rates

Purchase rate
19.74%
Intro purchase rate
0% for 12 months
Balance transfer rate
0% for 12 months
Balance transfer revert to cash
no
Cash advance rate
21.74%
Interest free days
44

Fees

Annual card fee
$30.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
none
Late payment fee
$5.00
Cash advance fee
1.75%, Min $1.75
Foreign exchange margin
3.00%
Duplicate statement fee
$7.00
Transaction verification fee
$5.00
Additional card fee
$0.00

Other financial bits

Minimum repayment amount
$25.00
Minimum repayment percent
2.0

Features

Additional cardholders
1
Other restrictions
none
Other benefits
Purchase Protection

About NAB

National 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.

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