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 7.1 Based on 754
NAB credit card reviews
6.1 6.3 7.1 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

  • Horrible at everything

    1. Overall customer rating
    2. (Reviewed 6 days ago)

    Very very terrible customer service. I opened many different accounts with NAB and had a nightmare with every single one. In one case I was waiting on the phone for 50 minutes before I hung up. I was extremely upset, they had lost emails I had sen...  Full review 

    Very very terrible customer service. I opened many different accounts with NAB and had a nightmare with every single one. In one case I was waiting on the phone for 50 minutes before I hung up. I was extremely upset, they had lost emails I had sent, said misleading statements, absolutely shocking. As soon as my credit card is paid off, I'm closing everything, never to be part of NAB again.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Ashley from New South Wales

    Was this review helpful? Yes flag

  • Low annual fee but no rewards, insurance on travel

    1. Overall customer rating
    2. (Reviewed 16 days ago)

    I used to like this because it was linked to flybuys rewards and because I use it in my everyday transactions, I was earning a lot of points. Unfortunately, they stopped this because it is a low annual fee card and I don't earn any more points. ...  Full review 

    I used to like this because it was linked to flybuys rewards and because I use it in my everyday transactions, I was earning a lot of points. Unfortunately, they stopped this because it is a low annual fee card and I don't earn any more points. I could earn points if I upgrade to a higher fee card, but that's a waste of money. I would prefer a card where there is no annual fee and I still earn in my everyday transactions.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Editha from Victoria

    Was this review helpful? Yes flag

  • Very high interest rates

    1. Overall customer rating
    2. (Reviewed 27 days ago)

    Very high interest rates and late fees, I get charged constant bank fees for a credit card that I do not use and is left at home in a drawer!  Full review 

    Very high interest rates and late fees, I get charged constant bank fees for a credit card that I do not use and is left at home in a drawer!


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Monique from New South Wales

    Was this review helpful? Yes flag

  • Friendly, fast service at all branches

    1. Overall customer rating
    2. (Reviewed 27 days ago)

    When my husband died, the NAB was fabulous. They did everything possible to help me with as little stress as possible. I would recommend their service to anyone.  Full review 

    When my husband died, the NAB was fabulous. They did everything possible to help me with as little stress as possible. I would recommend their service to anyone.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Hazel from Queensland

    Was this review helpful? Yes flag

  • Always trying to stay ahead of competition

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

    Should have more staff on duty. Don't trust ATM. The front desk people are always nice and helpful.  Full review 

    Should have more staff on duty. Don't trust ATM. The front desk people are always nice and helpful.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Joan from Queensland

    Was this review helpful? Yes flag

  • 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 31 July 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.

Compare other credit cards

Other credit cards from NAB