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 7.2 Based on 585
NAB credit card reviews
6.2 6.2 7.3 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

  • Great feature for people starting out!

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

    I am incredibly sceptical when it comes to credit cards, before I was issued a low fee card I had never owned one before. Times are tough and I found myself strapped occasionally. So after seeing that my bank was offering a credit card with low fe...  Full review 

    I am incredibly sceptical when it comes to credit cards, before I was issued a low fee card I had never owned one before. Times are tough and I found myself strapped occasionally. So after seeing that my bank was offering a credit card with low fees and nothing to pay for 12 months I thought why not? After talking at length with someone about it I was able to set my limit at the very small price of $500, this gives me boundaries which is great motivation for paying it back and knowing what I can afford. Also knowing what date I have to pay the card back on is good to. Another awesome thing about it is that it builds your credit rating so in the far future when I want to buy a house or something- I have a good credit record so long as I keep paying it back! Well done NAB!


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    NAB credit card review by Danielle from New South Wales

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  • Friendly, fast customer service

    1. Overall customer rating
    2. (Reviewed about 5 hours ago)

    Easy access to ATMs and Banks in most suburbs. However I have noted that there is neither a branch nor an ATM at Marketown, Leichhardt - disappointing.  Full review 

    Easy access to ATMs and Banks in most suburbs. However I have noted that there is neither a branch nor an ATM at Marketown, Leichhardt - disappointing.


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    NAB credit card review by Kathy from New South Wales

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  • Easy to deal with

    1. Overall customer rating
    2. (Reviewed 10 days ago)

    There are no rewards with having a low rate interest credit card. Love the low interest rate though.  Full review 

    There are no rewards with having a low rate interest credit card. Love the low interest rate though.


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    NAB credit card review by Karla from New South Wales

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  • No loyalty returned for customer loyalty

    1. Overall customer rating
    2. (Reviewed 10 days ago)

    I think after 34 years with the same bank, with my same credit card I should enjoy some loyalty rewards. But NO they're slow to offer anything including any discount in interest rates. Truly there is more on offer to new customers than long time l...  Full review 

    I think after 34 years with the same bank, with my same credit card I should enjoy some loyalty rewards. But NO they're slow to offer anything including any discount in interest rates. Truly there is more on offer to new customers than long time loyal customers, and this is one thing banks might want to remember. I have had a NAB credit card since I was legally able to apply for one, I don't get rewards, only reminders when the due date arises and my payment via telephone banking is delayed, and these days it is automated, very impersonal and annoying when I have talk to a "machine".


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    NAB credit card review by Glenn from Queensland

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  • Good.

    1. Overall customer rating
    2. (Reviewed 10 days ago)

    My bank is prompt and reliable and whenever I need something they are quick to provide information.  Full review 

    My bank is prompt and reliable and whenever I need something they are quick to provide information.


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    NAB credit card review by Iva from Australian Capital Territory

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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
2.0

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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