NAB Low Fee Card

NAB

19.74%

4.99% for 6 months

$30 $0 in the first 1 year

NAB Low Fee Card Review

Review updated: 20 April 2015

Review published: 19 April 2013

What's hot:

  • No annual fee for the first year ($30 every year after)

  • 4.99% p.a. on balance transfer for 6 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 no annual fee for the first year and then is just a low $30 every year after. Plus you'll be free of interest for the first year with 0% p.a on purchases and if you are looking to move debt across you'll enjoy a low 4.99% p.a. on balance transfers for 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.

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.

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
7.2

Based on 679
NAB credit cards 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

NAB

NAB Low Fee Card credit card review

Overall rating   7 / 10

Suitable for small loan amounts

Interest is high. Cash back feature is pointless.
Full review

Interest is high. Cash back feature is pointless.

    Price   6 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Laura (SA), reviewed 14 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   2 / 10

Fees & interest rates on credit cards are too high

The fees and interest rates on credit cards are far too much its ridiculous. If they reduced the fees and interest rates on credit cards I would recommend them to everyone.
Full review

The fees and interest rates on credit cards are far too much its ridiculous. If they reduced the fees and interest rates on credit cards I would recommend them to everyone.

    Price   0 / 10

    Features   1 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   5 / 10

Less

Angela (VIC), reviewed 14 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   6 / 10

Good customer servce

I have good contact with the bank. When they have seen a transaction that is unusual to my usual monthly spending and have rang me to confirm. This is a good service.
Full review

I have good contact with the bank. When they have seen a transaction that is unusual to my usual monthly spending and have rang me to confirm. This is a good service.

    Price   4 / 10

    Features   4 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Helen (VIC), reviewed 15 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   3 / 10

Bad

When we opened our business account with Nab they gave us a system (bank account) which was designed for small business convenience. I still can't figure out most how the credit card is ment to work... Awful system.
Full review

When we opened our business account with Nab they gave us a system (bank account) which was designed for small business convenience. I still can't figure out most how the credit card is ment to work... Awful system.

    Price   2 / 10

    Features   1 / 10

    Customer service   2 / 10

    Convenience   0 / 10

    Trust   1 / 10

Less

Luke (VIC), reviewed 17 days ago

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NAB

NAB Low Fee Card credit card review

Overall rating   9 / 10

Good service

Useful for daily shopping.
Full review

Useful for daily shopping.

    Price   10 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Wai (VIC), reviewed 17 days ago

Was this review helpful? Yes

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Rates

  • 19.74%

  • none

  • 4.99% for 6 months

  • no

  • 21.74%

  • 44

Fees

  • $30.00

  • $0 in the first 1 year

  • none

  • none

  • $5.00

  • 1.75%, Min $1.75

  • 3.00%

  • $7.00

  • $5.00

  • $0.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 1

  • none

  • 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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