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.
Getting a duplicate statement will cost you $7 - don't make it a regular thing!