NAB Low Fee Card

NAB

19.74%

4.99% for 6 months

$30 $0 in the first 1 year

NAB Low Fee Card Review

Review updated: 20 April 2015

Review published: 19 April 2013

What's hot:

  • No annual fee for the first year ($30 every year after)

  • 4.99% p.a. on balance transfer for 6 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 no annual fee for the first year and then is just a low $30 every year after. Plus you'll be free of interest for the first year with 0% p.a on purchases and if you are looking to move debt across you'll enjoy a low 4.99% p.a. on balance transfers for 6 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.

No annual fee for the first year and 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 4.99% p.a. on balance transfer for 6 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
7.2

Based on 636
NAB credit cards reviews

6.4 6.4 7.2 7.7 7.4

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

NAB

NAB Low Fee Card credit card review

Overall rating   0 / 10

Don't lose your income

Increasing interest rates, tough situations for customers when facing financial hardship, and constant bombardment even when payments are being met...One department doesn't seem to be aware of what other departments have arranged with customers,...
Full review

Increasing interest rates, tough situations for customers when facing financial hardship, and constant bombardment even when payments are being met...One department doesn't seem to be aware of what other departments have arranged with customers, and proceed to call and make demands for arrangements that are already in place. Also, hardship arrangements give only minimal relief and future financial hardship.

    Price   4 / 10

    Features   0 / 10

    Customer service   2 / 10

    Convenience   7 / 10

    Trust   1 / 10

Less

Belinda (VIC), reviewed 30 days ago

Was this review helpful? Yes

Flag this review

NAB

NAB Low Fee Card credit card review

Overall rating   9 / 10

The customer service I receive is exceptional!

I love my Credit Card and my provider. My slim, chic, easy to carry Card is always there for me when I need it to be. My bills come each month easily and accessibly online; I receive a payment reminder via SMS before my due dates as well :)...
Full review

I love my Credit Card and my provider. My slim, chic, easy to carry Card is always there for me when I need it to be. My bills come each month easily and accessibly online; I receive a payment reminder via SMS before my due dates as well :) ahhh... it just doesn't get much better than this!

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Tamar (QLD), reviewed about 1 month ago

Was this review helpful? Yes

Flag this review

NAB

NAB Low Fee Card credit card review

Overall rating   8 / 10

Very competitive features and quick service.

Well what can I say! "that this bank is true to its word when they said a little more give and a lot less take" To help a guy like me after 28 years when no other bank would! All i can say is NAB bank,I should have went to them years ago.
Full review

Well what can I say! "that this bank is true to its word when they said a little more give and a lot less take" To help a guy like me after 28 years when no other bank would! All i can say is NAB bank,I should have went to them years ago.

    Price   10 / 10

    Features   10 / 10

    Customer service   4 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Lyle (NSW), reviewed about 1 month ago

Was this review helpful? Yes

Flag this review

NAB

NAB Low Fee Card credit card review

Overall rating   6 / 10

Good respectful customer service

I like the fact that they have an option of a low fee card- although I wish they had this information available to customers- I am a counsellor working with many people on low incomes or dependent on Centreink benefits and I would be happy to...
Full review

I like the fact that they have an option of a low fee card- although I wish they had this information available to customers- I am a counsellor working with many people on low incomes or dependent on Centreink benefits and I would be happy to point people in the way of a product which acknowledges, as the NAB does, that there are people struggling. I also liked the way a charge was waived recently because it had been incurred in my ignorance, and I appreciated the grace shown by the NAB.

    Price   5 / 10

    Features   2 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Charmaine (VIC), reviewed about 2 months ago

Was this review helpful? Yes

Flag this review

NAB

NAB Low Fee Card credit card review

Overall rating   10 / 10

Very good

I have been with the NAB for the last 30 years and they always been helpful and understanding.
Full review

I have been with the NAB for the last 30 years and they always been helpful and understanding.

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Deb (SA), reviewed about 2 months ago

Was this review helpful? Yes

Flag this review

Rates

  • 19.74%

  • none

  • 4.99% for 6 months

  • no

  • 21.74%

  • 44

Fees

  • $30.00

  • $0 in the first 1 year

  • none

  • none

  • $5.00

  • 1.75%, Min $1.75

  • 3.00%

  • $7.00

  • $5.00

  • $0.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 1

  • none

  • 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.

Compare other credit cards