NAB Low Fee Card

  • NAB
  • 19.74%

  • 4.99% for 6 months

  • $30$0 in the first 1 year

  • 44

NAB Low Fee Card Review

Review updated: 16 June 2014
Review published: 19 April 2013

What's hot:

  • No annual fee for the first year

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 but $30 every year after and a 4.99% balance transfer rate for the first 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.

A super-low annual fee of $30 is a big plus ($0 in the first year), 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% interest rate 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 Gold 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 7.4 Based on 30
NAB credit card reviews
6.8 6.9 8.1 8.2 7.7

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

  • Awesome

    1. Overall customer rating
    2. (Reviewed 11 days ago)

    NAB are always helpful, I have had to refinance my card and they're always happy to help and answer any questions I have.  Full review 

    NAB are always helpful, I have had to refinance my card and they're always happy to help and answer any questions I have.


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      1. Features
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      1. Convenience
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    NAB credit card review by Jeff from Victoria

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  • Excellent service, always efficient

    1. Overall customer rating
    2. (Reviewed 11 days ago)

    I have a branch still in the small country town I live in and the staff are always very informative and friendly. Telephone banking and Internet banking is always quick and reliable and secure.  Full review 

    I have a branch still in the small country town I live in and the staff are always very informative and friendly. Telephone banking and Internet banking is always quick and reliable and secure.


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      1. Features
      1. Customer service
      1. Convenience
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    NAB credit card review by Donna from New South Wales

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  • Good product features

    1. Overall customer rating
    2. (Reviewed 11 days ago)

    This bank provides all I need as as a family man on a budget. I pay on time & don't have to pay any interest. Good for me, good for my family.  Full review 

    This bank provides all I need as as a family man on a budget. I pay on time & don't have to pay any interest. Good for me, good for my family.


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      1. Convenience
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    NAB credit card review by Dean from Victoria

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  • Huge profits could be shared more

    1. Overall customer rating
    2. (Reviewed 11 days ago)

    I have found NAB to be helpful. Their staff have always been friendly and sort out any glitches quickly. I wish there was a lower interest rate on credit cards for pensioners. I am struggling to pay mine off. I was a teacher for many years with mo...  Full review 

    I have found NAB to be helpful. Their staff have always been friendly and sort out any glitches quickly. I wish there was a lower interest rate on credit cards for pensioners. I am struggling to pay mine off. I was a teacher for many years with modest wages and inadequate superannuation. Retirement is financially uncomfortable. This is true for 85% or more of women over 65. I know I am on a special rate, but even that is too much.


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    NAB credit card review by Barbara from Victoria

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  • What I expected

    1. Overall customer rating
    2. (Reviewed 22 days ago)

    12 months interest free. Lowest interests fees of the Big 4 banks. No hidden fees.  Full review 

    12 months interest free. Lowest interests fees of the Big 4 banks. No hidden fees.


      1. Price
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      1. Customer service
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    NAB credit card review by James from New South Wales

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  • Show more reviews

Rates

Purchase rate
19.74%
Intro purchase rate
none
Balance transfer rate
4.99% for 6 months
Balance transfer revert to cash
no
Cash advance rate
21.74%
Interest free days
44

Fees

Annual card fee
$30.00
Introductory fee
$0 in the first 1 year
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
2.5

Features

Additional cardholders
1
Other restrictions
$0 first year annual fee offer for applications received by 19 October 2014.
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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