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 648
NAB credit card reviews
6.4 6.4 7.2 7.7 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

  • The customer service I receive is exceptional!

    1. Overall customer rating
    2. (Reviewed about 19 hours ago)

    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....  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!


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    NAB credit card review by Tamar from Queensland

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  • Very competitive features and quick service.

    1. Overall customer rating
    2. (Reviewed about 21 hours ago)

    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.


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    NAB credit card review by Lyle from New South Wales

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  • Good respectful customer service

    1. Overall customer rating
    2. (Reviewed 8 days ago)

    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 poin...  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.


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    NAB credit card review by Charmaine from Victoria

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  • Very good

    1. Overall customer rating
    2. (Reviewed 9 days ago)

    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.


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    NAB credit card review by Deb from South Australia

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  • Competitive interest rates

    1. Overall customer rating
    2. (Reviewed 15 days ago)

    Very friendly staff and exceptional customer service through telephone. A sound illustration on how to use the card was given by the consultant over the phone.  Full review 

    Very friendly staff and exceptional customer service through telephone. A sound illustration on how to use the card was given by the consultant over the phone.


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    NAB credit card review by Liang 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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