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

  • All round professional service

    1. Overall customer rating
    2. (Reviewed 4 days ago)

    I have banked with several banks over the years including Westpac, St George, Commonwealth, ANZ & a Credit union. NAB has been by far the best when it comes to professionalism & service. When I lost my Card, I called into the bank, they had it ...  Full review 

    I have banked with several banks over the years including Westpac, St George, Commonwealth, ANZ & a Credit union. NAB has been by far the best when it comes to professionalism & service. When I lost my Card, I called into the bank, they had it cancelled & requested a re issue, they helped me take money out of my account & pay my bills by giving me a great online service as well. So far all aspects of their service have been very high & I would highly recommend them to all.


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    NAB credit card review by John from New South Wales

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  • Low prices and excellent customer service

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

    I've been with the NAB for over twenty years and they've always been caring helpful and reliable, they have many interesting plans for home loans that you can talk about with their friendly intuitive staff.  Full review 

    I've been with the NAB for over twenty years and they've always been caring helpful and reliable, they have many interesting plans for home loans that you can talk about with their friendly intuitive staff.


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    NAB credit card review by Benjamin from Queensland

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  • Happy with NAB's credit card service

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

    I applied for a NAB credit card so I could easily pay for things online and to be able to quickly transfer money to my children ( studying at Uni) in an emergency. I applied online and requested only a $500.00 limit as I never want to be in debt ...  Full review 

    I applied for a NAB credit card so I could easily pay for things online and to be able to quickly transfer money to my children ( studying at Uni) in an emergency. I applied online and requested only a $500.00 limit as I never want to be in debt and this removed the temptation to spend, plus kids know that there isn't the facility to "borrow" large amounts. The NAB has given excellent service from SMS message to remind when payment due to quickly picking up when card had been fraudulently used. They message me to contact then urgently ,asked if the charges were mine ,(they weren't ) and cancelled the card . It was then replaced within a week posting it out so I didn't need to go to branch. They have great online sites and so far have been better than other banks.


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    NAB credit card review by Josephine from Western Australia

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  • Competitive features

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

    I have had this card for approximately 5 years and have never been contacted by the bank to discuss different options on how to reduce my current interest rate.  Full review 

    I have had this card for approximately 5 years and have never been contacted by the bank to discuss different options on how to reduce my current interest rate.


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    NAB credit card review by Robyn from New South Wales

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  • Reliable bank. Good product.

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

    I like this bank because they have lots of branches and you don't have to wait on hold. I think it's a very good product.  Full review 

    I like this bank because they have lots of branches and you don't have to wait on hold. I think it's a very good product.


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    NAB credit card review by Jacinta from Queensland

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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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